Hamilton Point Investment Advisors LLC Grows Stock Position in Visa Inc. (NYSE:V)

Hamilton Point Investment Advisors LLC raised its stake in shares of Visa Inc. (NYSE:V) by 2,094.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 24,468 shares of the credit-card processor’s stock after buying an additional 23,353 shares during the period. Visa comprises about 1.3% of Hamilton Point Investment Advisors LLC’s portfolio, making the stock its 27th largest holding. Hamilton Point Investment Advisors LLC’s holdings in Visa were worth $6,370,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Hibernia Wealth Partners LLC acquired a new stake in shares of Visa during the 3rd quarter valued at about $25,000. Altshuler Shaham Ltd acquired a new stake in shares of Visa during the 3rd quarter valued at about $25,000. O Brien Wealth Partners LLC acquired a new stake in shares of Visa during the 4th quarter valued at about $32,000. Financial Freedom LLC acquired a new stake in shares of Visa during the 4th quarter valued at about $32,000. Finally, Nalls Sherbakoff Group LLC grew its position in shares of Visa by 545.5% during 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 during the period. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Visa Stock Up 0.5 %

Shares of NYSE V opened at $272.69 on Thursday. The firm has a market cap of $500.80 billion, a price-to-earnings ratio of 31.38, a PEG ratio of 1.87 and a beta of 0.96. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.54. Visa Inc. has a 52-week low of $216.14 and a 52-week high of $290.96. The business’s 50 day moving average is $279.80 and its two-hundred day moving average is $262.56.

Visa (NYSE:V) last announced its earnings results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.34 by $0.07. The company had revenue of $8.63 billion for the quarter, compared to analyst estimates of $8.55 billion. Visa had a return on equity of 50.02% and a net margin of 53.92%. The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.18 earnings per share. Research analysts predict that Visa Inc. will post 9.88 EPS for the current year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 9th were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date was Thursday, February 8th. Visa’s dividend payout ratio is currently 23.94%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Keefe, Bruyette & Woods lifted their price objective on Visa from $305.00 to $315.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Wedbush lifted their price objective on Visa from $270.00 to $280.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Evercore ISI lifted their price objective on Visa from $325.00 to $335.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. Barclays lifted their price objective on Visa from $304.00 to $319.00 and gave the stock an “overweight” rating in a report on Monday, January 29th. Finally, Royal Bank of Canada lifted their price objective on Visa from $290.00 to $309.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Five analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $298.43.

Insider Transactions at Visa

In other news, insider Rajat Taneja sold 36,546 shares of the company’s stock in a transaction on Friday, January 19th. The stock was sold at an average price of $270.20, for a total transaction of $9,874,729.20. Following the sale, the insider now owns 232,112 shares of the company’s stock, valued at $62,716,662.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Rajat Taneja sold 36,546 shares of the company’s stock in a transaction on Friday, January 19th. The stock was sold at an average price of $270.20, for a total transaction of $9,874,729.20. Following the sale, the insider now owns 232,112 shares of the company’s stock, valued at $62,716,662.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ryan Mcinerney sold 8,200 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $280.36, for a total value of $2,298,952.00. Following the sale, the chief executive officer now directly owns 538 shares in the company, valued at approximately $150,833.68. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 55,511 shares of company stock valued at $15,131,081. 0.19% of the stock is currently owned by company insiders.

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.