Hutchinson Capital Management CA lifted its stake in Visa Inc. (NYSE:V – Free Report) by 2.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 3,446 shares of the credit-card processor’s stock after purchasing an additional 67 shares during the quarter. Hutchinson Capital Management CA’s holdings in Visa were worth $1,089,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently made changes to their positions in the stock. Peterson Financial Group Inc. bought a new stake in Visa during the 3rd quarter valued at approximately $26,000. Decker Retirement Planning Inc. bought a new stake in Visa during the 4th quarter valued at approximately $26,000. Bradley & Co. Private Wealth Management LLC bought a new stake in Visa during the 4th quarter valued at approximately $27,000. POM Investment Strategies LLC raised its stake in Visa by 48.5% during the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock valued at $31,000 after purchasing an additional 32 shares during the period. Finally, Modus Advisors LLC bought a new stake in Visa during the 4th quarter valued at approximately $32,000. Institutional investors own 82.15% of the company’s stock.
Visa Price Performance
V opened at $331.72 on Friday. The business has a fifty day moving average of $337.96 and a 200 day moving average of $310.90. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $366.54. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The stock has a market cap of $616.26 billion, a P/E ratio of 33.44, a PEG ratio of 2.33 and a beta of 0.95.
Visa Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.71%. The ex-dividend date was Tuesday, February 11th. Visa’s dividend payout ratio is 23.79%.
Analysts Set New Price Targets
Several analysts recently issued reports on the company. Barclays lifted their target price on Visa from $361.00 to $396.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Citigroup reaffirmed a “neutral” rating on shares of Visa in a research note on Thursday, February 13th. William Blair reaffirmed an “outperform” rating on shares of Visa in a research note on Friday, January 31st. Seaport Res Ptn raised Visa from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. Finally, Wells Fargo & Company lifted their price objective on Visa from $360.00 to $395.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Seven analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Visa presently has an average rating of “Moderate Buy” and a consensus target price of $353.96.
Check Out Our Latest Analysis on Visa
Insider Activity
In other Visa news, General Counsel Julie B. Rottenberg sold 2,572 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $340.00, for a total transaction of $874,480.00. Following the transaction, the general counsel now owns 11,925 shares of the company’s stock, valued at approximately $4,054,500. This trade represents a 17.74 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total transaction of $2,739,263.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 103,855 shares of company stock worth $35,165,827. Company insiders own 0.13% of the company’s stock.
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.
See Also
- Five stocks we like better than Visa
- What Are Dividend Champions? How to Invest in the Champions
- Ignore Reports, Apple Won’t Install Starlink with iOS 18.3
- How to Use the MarketBeat Excel Dividend Calculator
- Casey’s Uptrend Remains Strong—New Highs on the Horizon
- What is a Low P/E Ratio and What Does it Tell Investors?
- Taiwan Semiconductor’s Huge U.S. Move—Stock Impact Ahead
Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc. (NYSE:V – Free Report).
Receive News & Ratings for Visa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa and related companies with MarketBeat.com's FREE daily email newsletter.