Hartline Investment Corp Has $6.46 Million Position in Visa Inc. (NYSE:V)

Hartline Investment Corp lifted its position in shares of Visa Inc. (NYSE:V) by 2.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,802 shares of the credit-card processor’s stock after buying an additional 555 shares during the period. Visa comprises about 1.0% of Hartline Investment Corp’s investment portfolio, making the stock its 22nd largest holding. Hartline Investment Corp’s holdings in Visa were worth $6,457,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Altshuler Shaham Ltd acquired a new stake in shares of Visa in the 3rd quarter valued at $25,000. O Brien Wealth Partners LLC bought a new position in shares of Visa in the 4th quarter worth about $32,000. Nalls Sherbakoff Group LLC increased its position in Visa by 545.5% in the 3rd quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock valued at $33,000 after buying an additional 120 shares in the last quarter. Valued Wealth Advisors LLC bought a new stake in Visa in the 4th quarter valued at about $37,000. Finally, Macroview Investment Management LLC boosted its stake in Visa by 1,019.2% during the 3rd quarter. Macroview Investment Management LLC now owns 291 shares of the credit-card processor’s stock valued at $67,000 after purchasing an additional 265 shares during the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Visa Trading Down 0.3 %

Shares of V stock traded down $0.80 during trading hours on Thursday, hitting $274.22. 1,993,129 shares of the company were exchanged, compared to its average volume of 5,862,543. Visa Inc. has a 1 year low of $216.14 and a 1 year high of $290.96. The firm has a fifty day moving average of $279.44 and a 200 day moving average of $263.97. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.54. The firm has a market cap of $503.61 billion, a PE ratio of 30.29, a PEG ratio of 1.89 and a beta of 0.96.

Visa (NYSE:V) last released its quarterly earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share for the quarter, topping analysts’ consensus estimates of $2.43 by $0.08. Visa had a net margin of 53.87% and a return on equity of 51.72%. The business had revenue of $8.78 billion during the quarter, compared to the consensus estimate of $8.62 billion. During the same quarter last year, the company earned $2.09 earnings per share. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. Analysts expect that Visa Inc. will post 9.88 earnings per share for the current year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 17th will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 0.76%. The ex-dividend date is Thursday, May 16th. Visa’s payout ratio is currently 23.24%.

Insiders Place Their Bets

In other news, CAO Peter M. Andreski sold 2,615 shares of the company’s stock in a transaction on 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 sale, the chief accounting officer now directly owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CAO Peter M. Andreski sold 2,615 shares of the stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total value of $729,271.20. Following the completion of the sale, the chief accounting officer now directly 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 can be accessed through this hyperlink. Also, CEO Ryan Mcinerney sold 8,150 shares of the company’s stock in a transaction dated 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. Over the last three months, insiders have sold 18,965 shares of company stock worth $5,256,352. 0.19% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on V shares. Royal Bank of Canada boosted their target price on Visa from $309.00 to $315.00 and gave the stock an “outperform” rating in a research note on Wednesday. Evercore ISI upped their price target on shares of Visa from $325.00 to $335.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. Robert W. Baird upped their target price on shares of Visa from $314.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 17th. Wedbush upped their price target on shares of Visa from $280.00 to $300.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Barclays increased their target price on shares of Visa from $304.00 to $319.00 and gave the stock an “overweight” rating in a report on Monday, January 29th. Five analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $302.58.

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.