Well Done LLC Increases Stock Holdings in Visa Inc. (NYSE:V)

Well Done LLC raised its position in Visa Inc. (NYSE:V) by 14.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,450 shares of the credit-card processor’s stock after acquiring an additional 302 shares during the quarter. Well Done LLC’s holdings in Visa were worth $638,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. BCK Partners Inc. bought a new stake in Visa in the first quarter valued at about $2,717,000. Markel Corp raised its holdings in shares of Visa by 0.3% during the first quarter. Markel Corp now owns 961,105 shares of the credit-card processor’s stock worth $213,144,000 after purchasing an additional 3,065 shares during the period. AMI Investment Management Inc. bought a new position in shares of Visa in the 1st quarter worth about $2,323,000. Ergoteles LLC acquired a new position in shares of Visa in the 1st quarter valued at about $538,000. Finally, XTX Topco Ltd bought a new stake in shares of Visa during the 1st quarter valued at about $1,496,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Visa Stock Down 1.1 %

Shares of NYSE:V traded down $2.96 during midday trading on Wednesday, hitting $277.64. 2,807,587 shares of the stock were exchanged, compared to its average volume of 5,605,436. The business’s fifty day simple moving average is $278.54 and its two-hundred day simple moving average is $258.27. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.45 and a current ratio of 1.45. Visa Inc. has a 52-week low of $216.14 and a 52-week high of $290.96. The company has a market capitalization of $509.89 billion, a PE ratio of 31.94, a P/E/G ratio of 1.94 and a beta of 0.96.

Visa (NYSE:V) last announced its quarterly earnings results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.34 by $0.07. Visa had a return on equity of 50.02% and a net margin of 53.92%. The business had revenue of $8.63 billion during the quarter, compared to analyst estimates of $8.55 billion. During the same period in the previous year, the company earned $2.18 EPS. The firm’s revenue was up 9.3% on a year-over-year basis. As a group, research analysts predict that Visa Inc. will post 9.9 earnings per share for the current fiscal 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 issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend was Thursday, February 8th. Visa’s dividend payout ratio is 23.94%.

Insider Buying and Selling

In related news, CAO Peter M. Andreski sold 2,615 shares of the business’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total transaction of $729,271.20. Following the completion of the transaction, the chief accounting officer now owns 4,898 shares of the company’s stock, valued at approximately $1,365,954.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Visa news, CAO Peter M. Andreski sold 2,615 shares of Visa stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total transaction of $729,271.20. Following the sale, the chief accounting officer now owns 4,898 shares in the company, valued at $1,365,954.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ryan Mcinerney sold 8,150 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total value of $2,228,128.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 47,311 shares of company stock worth $12,832,129. 0.19% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. KeyCorp boosted their price objective on Visa from $275.00 to $300.00 and gave the company an “overweight” rating in a research report on Monday, January 8th. Redburn Atlantic reiterated a “neutral” rating and issued a $307.00 price objective on shares of Visa in a research report on Wednesday. Wedbush upped their target price on shares of Visa from $270.00 to $280.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. Jefferies Financial Group lifted their price target on Visa from $280.00 to $295.00 and gave the company a “buy” rating in a report on Tuesday, December 12th. Finally, BMO Capital Markets assumed coverage on Visa in a research note on Tuesday, December 5th. They set an “outperform” rating and a $280.00 target price on the stock. Five investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat.com, Visa currently has an average rating of “Moderate Buy” and a consensus target price of $295.82.

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.