Visa Inc. (NYSE:V) Shares Bought by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. grew its stake in Visa Inc. (NYSE:V) by 3.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 221,222 shares of the credit-card processor’s stock after buying an additional 6,710 shares during the period. Visa accounts for about 1.7% of Whittier Trust Co. of Nevada Inc.’s holdings, making the stock its 10th biggest holding. Whittier Trust Co. of Nevada Inc.’s holdings in Visa were worth $69,913,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in V. Decker Retirement Planning Inc. acquired a new stake in Visa during the fourth quarter worth approximately $26,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in Visa during the fourth quarter worth approximately $27,000. POM Investment Strategies LLC grew its stake in Visa by 48.5% during the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock worth $31,000 after purchasing an additional 32 shares during the period. Modus Advisors LLC acquired a new stake in Visa during the fourth quarter worth approximately $32,000. Finally, Compass Planning Associates Inc acquired a new stake in Visa during the fourth quarter worth approximately $32,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Stock Down 0.2 %

V stock opened at $339.10 on Friday. The stock’s fifty day simple moving average is $339.91 and its two-hundred day simple moving average is $312.40. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $366.54. The stock has a market cap of $629.96 billion, a P/E ratio of 34.18, a P/E/G ratio of 2.33 and a beta of 0.95.

Visa (NYSE:V) last posted its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, topping 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%. Analysts expect that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were given a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.70%. Visa’s dividend payout ratio is currently 23.79%.

Insiders Place Their Bets

In other news, CAO Peter M. Andreski sold 2,332 shares of the company’s 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 transaction, the chief accounting officer now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Tullier Kelly Mahon sold 33,741 shares of the company’s 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 transaction, the insider now directly owns 36,566 shares in the company, valued at $12,789,689.82. This represents a 47.99 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 143,205 shares of company stock valued at $48,560,961. Insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

V has been the subject of several recent analyst reports. The Goldman Sachs Group raised their target price on Visa from $346.00 to $384.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Citigroup reaffirmed a “neutral” rating on shares of Visa in a research note on Thursday, February 13th. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Visa in a report on Thursday, February 13th. William Blair reiterated an “outperform” rating on shares of Visa in a report on Friday, January 31st. Finally, Oppenheimer reiterated an “outperform” rating on shares of Visa in a report on Thursday, February 13th. Six equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $353.96.

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.