Callan Capital LLC Raises Stock Position in Visa Inc. (NYSE:V)

Callan Capital LLC boosted its position in Visa Inc. (NYSE:V) by 8.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,024 shares of the credit-card processor’s stock after purchasing an additional 230 shares during the quarter. Callan Capital LLC’s holdings in Visa were worth $956,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. Decker Retirement Planning Inc. purchased a new stake in shares of Visa in the fourth quarter worth $26,000. Peterson Financial Group Inc. purchased a new stake in shares of Visa in the 3rd quarter valued at about $26,000. POM Investment Strategies LLC raised its holdings in shares of Visa by 48.5% in the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock valued at $31,000 after acquiring an additional 32 shares in the last quarter. Modus Advisors LLC bought a new stake in shares of Visa during the 4th quarter valued at about $32,000. Finally, Compass Planning Associates Inc purchased a new position in shares of Visa during the fourth quarter worth about $32,000. 82.15% of the stock is owned by institutional investors.

Visa Stock Up 0.3 %

Shares of NYSE:V opened at $349.46 on Tuesday. The stock’s 50-day moving average is $329.81 and its 200 day moving average is $303.29. The company has a market cap of $649.21 billion, a PE ratio of 35.23, a P/E/G ratio of 2.33 and a beta of 0.97. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $357.15.

Visa (NYSE:V) last posted its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) 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%. Sell-side analysts anticipate that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th will be given a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $2.36 annualized dividend and a dividend yield of 0.68%. Visa’s dividend payout ratio is 23.79%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on V. Robert W. Baird raised their target price on shares of Visa from $330.00 to $340.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Susquehanna lifted their price objective on shares of Visa from $395.00 to $410.00 and gave the stock a “positive” rating in a report on Friday. Deutsche Bank Aktiengesellschaft upped their target price on shares of Visa from $300.00 to $340.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. raised their price target on Visa from $340.00 to $375.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Finally, The Goldman Sachs Group upped their price objective on Visa from $346.00 to $384.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Six equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Visa currently has an average rating of “Moderate Buy” and an average target price of $353.96.

Insider Transactions at Visa

In other news, CEO Ryan Mcinerney sold 8,620 shares of the 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Tullier Kelly Mahon sold 33,741 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 36,566 shares of the company’s stock, valued at approximately $12,789,689.82. The trade was a 47.99 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 55,885 shares of company stock valued at $19,161,447. Company insiders own 0.13% of the company’s stock.

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.