Pollock Investment Advisors LLC Invests $1.26 Million in Visa Inc. (NYSE:V)

Pollock Investment Advisors LLC purchased a new stake in Visa Inc. (NYSE:V) in the fourth quarter, HoldingsChannel reports. The firm purchased 3,987 shares of the credit-card processor’s stock, valued at approximately $1,260,000. Visa makes up approximately 1.0% of Pollock Investment Advisors LLC’s holdings, making the stock its 14th largest position.

Other large investors have also added to or reduced their stakes in the company. Peterson Financial Group Inc. bought a new position in Visa in the 3rd quarter valued at about $26,000. Decker Retirement Planning Inc. acquired a new stake in shares of Visa during the 4th quarter worth approximately $26,000. Bradley & Co. Private Wealth Management LLC bought a new position in Visa in the fourth quarter valued at approximately $27,000. POM Investment Strategies LLC raised its position in Visa by 48.5% during the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock valued at $31,000 after purchasing an additional 32 shares in the last quarter. Finally, Modus Advisors LLC bought a new stake in Visa during the fourth quarter worth $32,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Analysts Set New Price Targets

V has been the subject of a number of recent analyst reports. Barclays increased their target price on shares of Visa from $361.00 to $396.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. StockNews.com downgraded shares of Visa from a “buy” rating to a “hold” rating in a research note on Wednesday. The Goldman Sachs Group upped their price target on shares of Visa from $346.00 to $384.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Oppenheimer reissued an “outperform” rating on shares of Visa in a research report on Thursday, February 13th. Finally, William Blair reissued an “outperform” rating on shares of Visa in a research note on Friday, January 31st. Seven investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $353.96.

Visa Stock Performance

Shares of Visa stock opened at $331.72 on Friday. The company has a market cap of $616.26 billion, a PE ratio of 33.44, a price-to-earnings-growth ratio of 2.33 and a beta of 0.95. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $366.54. The business has a 50 day moving average price of $337.96 and a 200-day moving average price of $310.90. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45.

Visa (NYSE:V) last issued its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, topping the consensus estimate of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. Equities analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.71%. The ex-dividend date was Tuesday, February 11th. Visa’s dividend payout ratio (DPR) is presently 23.79%.

Insider Transactions at Visa

In other news, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total value of $2,739,263.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Peter M. Andreski sold 2,332 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $349.62, for a total value of $815,313.84. Following the completion of the transaction, the chief accounting officer now directly owns 4,488 shares of the company’s stock, valued at approximately $1,569,094.56. This represents a 34.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 103,855 shares of company stock valued at $35,165,827 over the last ninety days. 0.13% of the stock is currently owned by insiders.

Visa 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.