Visa Inc. (NYSE:V) Shares Bought by Townsend Asset Management Corp NC ADV

Townsend Asset Management Corp NC ADV lifted its position in shares of Visa Inc. (NYSE:V) by 1.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,205 shares of the credit-card processor’s stock after buying an additional 432 shares during the period. Visa comprises about 3.7% of Townsend Asset Management Corp NC ADV’s investment portfolio, making the stock its 4th largest holding. Townsend Asset Management Corp NC ADV’s holdings in Visa were worth $8,124,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of V. Altshuler Shaham Ltd bought a new stake in Visa during the third quarter worth about $25,000. O Brien Wealth Partners LLC bought a new stake in Visa during the fourth quarter worth about $32,000. Nalls Sherbakoff Group LLC raised its holdings in Visa by 545.5% during the third quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock worth $33,000 after acquiring an additional 120 shares in the last quarter. Valued Wealth Advisors LLC bought a new stake in Visa during the fourth quarter worth about $37,000. Finally, Life Planning Partners Inc bought a new stake in Visa during the fourth quarter worth about $71,000. 82.15% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Visa news, CAO Peter M. Andreski sold 2,615 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total value of $729,271.20. Following the sale, the chief accounting officer now owns 4,898 shares of the company’s stock, valued at approximately $1,365,954.24. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Visa news, CAO Peter M. Andreski sold 2,615 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total value of $729,271.20. Following the sale, the chief accounting officer now owns 4,898 shares of the company’s stock, valued at approximately $1,365,954.24. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Ryan Mcinerney sold 8,200 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $280.36, for a total value of $2,298,952.00. Following the completion of 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. Insiders have sold 18,965 shares of company stock valued at $5,256,352 over the last 90 days. 0.19% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Barclays upped their price objective on Visa from $304.00 to $319.00 and gave the company an “overweight” rating in a research note on Monday, January 29th. Robert W. Baird upped their price objective on Visa from $314.00 to $320.00 and gave the company an “outperform” rating in a research note on Wednesday, April 17th. Mizuho restated a “neutral” rating and issued a $265.00 price objective on shares of Visa in a research note on Wednesday, March 27th. Keefe, Bruyette & Woods upped their price objective on Visa from $305.00 to $315.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. Finally, Raymond James upped their price objective on Visa from $287.00 to $311.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. Five equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $298.43.

Visa Trading Up 0.9 %

Shares of NYSE:V opened at $272.31 on Tuesday. The company has a market capitalization of $500.10 billion, a P/E ratio of 31.34, a P/E/G ratio of 1.86 and a beta of 0.96. Visa Inc. has a 1 year low of $216.14 and a 1 year high of $290.96. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.45 and a quick ratio of 1.45. The business’s 50 day simple moving average is $279.52 and its 200 day simple moving average is $263.62.

Visa (NYSE:V) last issued its quarterly earnings results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.34 by $0.07. The business had revenue of $8.63 billion for the quarter, compared to the consensus estimate 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 prior year, the business posted $2.18 earnings per share. On average, research analysts anticipate that Visa Inc. will post 9.88 EPS for the current fiscal year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors 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 yield of 0.76%. The ex-dividend date was Thursday, February 8th. Visa’s dividend payout ratio is currently 23.94%.

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.