Whittier Trust Co. of Nevada Inc. Grows Stock Position in Visa Inc. (NYSE:V)

Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Visa Inc. (NYSE:V) by 3.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 221,222 shares of the credit-card processor’s stock after purchasing an additional 6,710 shares during the quarter. Visa accounts for about 1.7% of Whittier Trust Co. of Nevada Inc.’s holdings, making the stock its 10th largest position. Whittier Trust Co. of Nevada Inc.’s holdings in Visa were worth $69,913,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Holderness Investments Co. increased its stake in Visa by 4.9% in the 4th quarter. Holderness Investments Co. now owns 8,163 shares of the credit-card processor’s stock worth $2,580,000 after acquiring an additional 380 shares during the last quarter. HUB Investment Partners LLC increased its stake in Visa by 8.5% in the 4th quarter. HUB Investment Partners LLC now owns 42,486 shares of the credit-card processor’s stock worth $13,427,000 after acquiring an additional 3,344 shares during the last quarter. BluePointe Capital Management LLC bought a new position in Visa in the 4th quarter worth about $305,000. Northwest & Ethical Investments L.P. increased its stake in Visa by 1.0% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 113,343 shares of the credit-card processor’s stock worth $35,821,000 after acquiring an additional 1,171 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Visa by 1.0% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 367,447 shares of the credit-card processor’s stock worth $116,128,000 after acquiring an additional 3,807 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on V shares. Citigroup restated a “neutral” rating on shares of Visa in a research note on Thursday, February 13th. Wells Fargo & Company upped their price objective on Visa from $360.00 to $395.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Visa in a report on Thursday, February 13th. Morgan Stanley upped their price objective on Visa from $326.00 to $371.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $383.00 price objective (up from $368.00) on shares of Visa in a report on Friday, January 31st. Six research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $353.96.

Insider Activity at Visa

In other Visa news, CAO Peter M. Andreski sold 2,332 shares of Visa stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.62, for a total transaction of $815,313.84. Following the completion of the transaction, the chief accounting officer now owns 4,488 shares in the company, valued at approximately $1,569,094.56. The trade was a 34.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Tullier Kelly Mahon sold 33,741 shares of Visa stock in a transaction on Friday, February 7th. The shares were sold at an average price of $349.77, for a total value of $11,801,589.57. Following the transaction, the insider now owns 36,566 shares of the company’s stock, valued at $12,789,689.82. The trade was a 47.99 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 143,205 shares of company stock worth $48,560,961 over the last ninety days. 0.13% of the stock is owned by corporate insiders.

Visa Price Performance

Shares of V stock opened at $339.10 on Friday. The firm has a market cap of $629.96 billion, a P/E ratio of 34.18, a P/E/G ratio of 2.33 and a beta of 0.95. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $366.54. The business’s 50 day moving average price is $339.91 and its 200-day moving average price is $312.40. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12.

Visa (NYSE:V) last released its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, beating 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%. On average, equities research analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were given a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 annualized dividend and a dividend yield of 0.70%. Visa’s dividend payout ratio is presently 23.79%.

About Visa

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.