Donaldson Capital Management LLC Has $8.56 Million Holdings in Visa Inc. (NYSE:V)

Donaldson Capital Management LLC increased its holdings in shares of Visa Inc. (NYSE:V) by 0.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 32,877 shares of the credit-card processor’s stock after buying an additional 262 shares during the quarter. Donaldson Capital Management LLC’s holdings in Visa were worth $8,560,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Hibernia Wealth Partners LLC acquired a new stake in shares of Visa in the 3rd quarter valued at about $25,000. Altshuler Shaham Ltd acquired a new stake in shares of Visa in the 3rd quarter valued at about $25,000. O Brien Wealth Partners LLC bought a new position in shares of Visa in the 4th quarter valued at about $32,000. Nalls Sherbakoff Group LLC grew its holdings in shares of Visa by 545.5% in the 3rd quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock valued at $33,000 after acquiring an additional 120 shares in the last quarter. Finally, Valued Wealth Advisors LLC bought a new position in shares of Visa in the 4th quarter valued at about $37,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insider Buying and Selling

In other Visa news, CAO Peter M. Andreski sold 2,615 shares of the company’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total transaction of $729,271.20. Following the sale, the chief accounting officer now owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Visa news, CAO Peter M. Andreski sold 2,615 shares of the company’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total transaction of $729,271.20. Following the sale, the chief accounting officer now owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ryan Mcinerney sold 8,150 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total transaction of $2,228,128.50. The disclosure for this sale can be found here. Insiders have sold a total of 55,511 shares of company stock valued at $15,131,081 over the last 90 days. 0.19% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on V. Mizuho restated a “neutral” rating and issued a $265.00 price objective on shares of Visa in a report on Wednesday, March 27th. UBS Group lifted their price target on Visa from $305.00 to $315.00 and gave the stock a “buy” rating in a report on Friday, January 26th. William Blair reiterated an “outperform” rating on shares of Visa in a report on Friday, January 26th. Raymond James lifted their price target on Visa from $287.00 to $311.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Finally, Wells Fargo & Company lifted their price target on Visa from $300.00 to $325.00 and gave the stock an “overweight” rating in a report on Wednesday, March 6th. Five analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $296.87.

Visa Stock Up 0.0 %

Shares of NYSE:V opened at $271.34 on Wednesday. The company has a fifty day moving average of $279.93 and a 200-day moving average of $262.49. The company has a market capitalization of $498.32 billion, a PE ratio of 31.22, a price-to-earnings-growth ratio of 1.87 and a beta of 0.96. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.45 and a current ratio of 1.45. Visa Inc. has a 52-week low of $216.14 and a 52-week high of $290.96.

Visa (NYSE:V) last issued its quarterly earnings data on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share for the quarter, topping the consensus estimate of $2.34 by $0.07. Visa had a net margin of 53.92% and a return on equity of 50.02%. The company had revenue of $8.63 billion for the quarter, compared to analysts’ expectations of $8.55 billion. During the same quarter in the previous year, the firm posted $2.18 earnings per share. Visa’s revenue for the quarter was up 9.3% on a year-over-year basis. On average, equities analysts predict that Visa Inc. will post 9.89 EPS for the current fiscal year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 9th were paid a $0.52 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $2.08 annualized dividend and a dividend yield of 0.77%. Visa’s dividend payout ratio is 23.94%.

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.