Clal Insurance Enterprises Holdings Ltd Buys 36 Shares of Visa Inc. (NYSE:V)

Clal Insurance Enterprises Holdings Ltd raised its stake in shares of Visa Inc. (NYSE:V) by 0.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 249,148 shares of the credit-card processor’s stock after acquiring an additional 36 shares during the quarter. Clal Insurance Enterprises Holdings Ltd’s holdings in Visa were worth $78,741,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Peterson Financial Group Inc. acquired a new stake in shares of Visa during the 3rd quarter valued at about $26,000. Decker Retirement Planning Inc. acquired a new stake in shares of Visa during the 4th quarter valued at about $26,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of Visa during the 4th quarter valued at about $27,000. POM Investment Strategies LLC boosted its position in shares of 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 acquiring an additional 32 shares in the last quarter. Finally, Modus Advisors LLC acquired a new stake in shares of Visa during the 4th quarter valued at about $32,000. Institutional investors own 82.15% of the company’s stock.

Visa Trading Down 0.3 %

Shares of NYSE V opened at $361.60 on Tuesday. The company’s 50 day simple moving average is $333.92 and its 200 day simple moving average is $306.64. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $366.54. The firm has a market capitalization of $671.77 billion, a P/E ratio of 36.45, 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 (NYSE:V) last announced its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. On average, analysts predict that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

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. The ex-dividend date was Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.65%. Visa’s dividend payout ratio (DPR) is presently 23.79%.

Insiders Place Their Bets

In other Visa news, insider Tullier Kelly Mahon sold 33,741 shares of the stock in a transaction 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 sale, the insider now directly owns 36,566 shares in the company, valued at approximately $12,789,689.82. This trade represents a 47.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Peter M. Andreski sold 2,332 shares of the stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.62, for a total transaction of $815,313.84. Following the sale, the chief accounting officer now directly owns 4,488 shares of the company’s stock, valued at $1,569,094.56. This represents a 34.19 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 55,885 shares of company stock worth $19,161,447. Company insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. UBS Group lifted their target price on shares of Visa from $350.00 to $400.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Barclays boosted their price target on shares of Visa from $361.00 to $396.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. William Blair restated an “outperform” rating on shares of Visa in a research report on Friday, January 31st. Wells Fargo & Company boosted their price target on shares of Visa from $360.00 to $395.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Finally, Piper Sandler restated an “overweight” rating and issued a $383.00 price target (up from $368.00) on shares of Visa in a research report on Friday, January 31st. Six equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Visa presently has an average rating of “Moderate Buy” and a consensus target price of $353.96.

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.