Visa Inc. (NYSE:V) Shares Purchased by Hartline Investment Corp

Hartline Investment Corp raised its position in Visa Inc. (NYSE:V) by 2.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,802 shares of the credit-card processor’s stock after acquiring an additional 555 shares during the quarter. Visa accounts for 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 also recently bought and sold shares of V. Investment Advisory Services Inc. TX ADV grew its stake in shares of Visa by 2.0% in the 3rd quarter. Investment Advisory Services Inc. TX ADV now owns 3,930 shares of the credit-card processor’s stock valued at $904,000 after buying an additional 78 shares in the last quarter. Towerpoint Wealth LLC bought a new position in Visa in the fourth quarter valued at about $216,000. Andrew Hill Investment Advisors Inc. bought a new position in Visa during the fourth quarter worth about $3,427,000. Wayfinding Financial LLC raised its position in Visa by 10.1% in the 3rd quarter. Wayfinding Financial LLC now owns 1,757 shares of the credit-card processor’s stock valued at $406,000 after buying an additional 161 shares during the last quarter. Finally, Richelieu Gestion SA bought a new position in shares of Visa during the 4th quarter worth approximately $307,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on V shares. Mizuho reaffirmed a “neutral” rating and issued a $265.00 target price on shares of Visa in a report on Wednesday, March 27th. KeyCorp raised their price target on Visa from $275.00 to $300.00 and gave the stock an “overweight” rating in a report on Monday, January 8th. William Blair reiterated an “outperform” rating on shares of Visa in a report on Wednesday. Susquehanna upped their price target on Visa from $300.00 to $326.00 and gave the stock a “positive” rating in a research note on Friday, January 26th. Finally, Evercore ISI raised their target price on Visa from $325.00 to $335.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. Five research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $302.58.

Visa Stock Performance

V stock traded down $0.80 on Thursday, reaching $274.22. 1,993,129 shares of the company were exchanged, compared to its average volume of 5,862,543. Visa Inc. has a 12 month low of $216.14 and a 12 month high of $290.96. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.45 and a quick ratio of 1.45. The stock’s fifty day moving average price is $279.44 and its 200 day moving average price is $263.97. The firm has a market capitalization 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 posted its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.43 by $0.08. Visa had a return on equity of 51.72% and a net margin of 53.87%. The business had revenue of $8.78 billion during the quarter, compared to analysts’ expectations of $8.62 billion. During the same period in the prior year, the business earned $2.09 EPS. Visa’s revenue for the quarter was up 9.9% compared to the same quarter last year. On average, research analysts anticipate that Visa Inc. will post 9.88 EPS for the current fiscal year.

Visa Dividend Announcement

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

Insiders Place Their Bets

In other news, CEO Ryan Mcinerney sold 8,150 shares of Visa 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 sale was disclosed in a document filed with the SEC, which is available through this link. In related news, CAO Peter M. Andreski sold 2,615 shares of Visa 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 sale, the chief accounting officer now directly owns 4,898 shares in the company, valued at approximately $1,365,954.24. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Ryan Mcinerney sold 8,150 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were 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 quarter, insiders have sold 18,965 shares of company stock valued at $5,256,352. Insiders own 0.19% 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.