Milestone Resources Group Ltd Has $2.13 Million Stock Position in Visa Inc. (NYSE:V)

Milestone Resources Group Ltd lessened its holdings in shares of Visa Inc. (NYSE:V) by 97.5% during the third quarter, Holdings Channel.com reports. The institutional investor owned 7,761 shares of the credit-card processor’s stock after selling 307,562 shares during the quarter. Visa accounts for approximately 0.1% of Milestone Resources Group Ltd’s portfolio, making the stock its 24th largest position. Milestone Resources Group Ltd’s holdings in Visa were worth $2,134,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of V. Peterson Financial Group Inc. bought a new position in Visa in the 3rd quarter valued at about $26,000. POM Investment Strategies LLC lifted its holdings in Visa by 970.0% during the 2nd quarter. POM Investment Strategies LLC now owns 107 shares of the credit-card processor’s stock worth $28,000 after purchasing an additional 97 shares during the last quarter. Reston Wealth Management LLC bought a new stake in Visa in the 3rd quarter valued at $31,000. TruNorth Capital Management LLC grew its holdings in Visa by 211.9% in the 2nd quarter. TruNorth Capital Management LLC now owns 131 shares of the credit-card processor’s stock valued at $34,000 after buying an additional 89 shares in the last quarter. Finally, CarsonAllaria Wealth Management Ltd. bought a new position in Visa during the 2nd quarter worth $35,000. Institutional investors own 82.15% of the company’s stock.

Visa Stock Up 0.7 %

Shares of NYSE V traded up $2.32 during trading on Friday, hitting $316.55. 474,639 shares of the company traded hands, compared to its average volume of 6,866,658. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $317.42. The firm has a market capitalization of $589.69 billion, a price-to-earnings ratio of 32.29, a P/E/G ratio of 2.11 and a beta of 0.96. The business’s fifty day moving average is $298.56 and its 200 day moving average is $280.71. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.28 and a current ratio of 1.28.

Visa (NYSE:V) last posted its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.58 by $0.13. The business had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $9.49 billion. Visa had a net margin of 54.96% and a return on equity of 53.16%. Visa’s revenue was up 11.7% compared to the same quarter last year. During the same quarter last year, the firm posted $2.33 EPS. Equities research analysts predict that Visa Inc. will post 11.19 earnings per share for the current fiscal year.

Visa Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Tuesday, November 12th were given a dividend of $0.59 per share. This is a boost from Visa’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $2.36 annualized dividend and a dividend yield of 0.75%. Visa’s payout ratio is presently 24.25%.

Insider Activity at Visa

In other news, insider Paul D. Fabara sold 2,171 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total transaction of $668,602.87. Following the completion of the transaction, the insider now directly owns 17,894 shares of the company’s stock, valued at $5,510,815.18. This represents a 10.82 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.19% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms recently commented on V. BMO Capital Markets upped their price target on shares of Visa from $310.00 to $320.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. raised their target price on shares of Visa from $290.00 to $320.00 and gave the stock an “overweight” rating in a report on Tuesday, August 20th. Barclays boosted their price target on Visa from $319.00 to $347.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Robert W. Baird raised their price objective on Visa from $330.00 to $340.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $317.00 target price on shares of Visa in a research report on Thursday, September 12th. Four equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $324.74.

Visa Company Profile

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.