Spinnaker Trust Purchases 127 Shares of Visa Inc. (NYSE:V)

Spinnaker Trust raised its position in Visa Inc. (NYSE:V) by 0.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 29,125 shares of the credit-card processor’s stock after purchasing an additional 127 shares during the period. Spinnaker Trust’s holdings in Visa were worth $7,583,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. GoalVest Advisory LLC lifted its position in Visa by 3.4% during the fourth quarter. GoalVest Advisory LLC now owns 1,217 shares of the credit-card processor’s stock valued at $317,000 after buying an additional 40 shares during the period. Destiny Wealth Partners LLC lifted its position in Visa by 2.5% during the fourth quarter. Destiny Wealth Partners LLC now owns 1,668 shares of the credit-card processor’s stock valued at $433,000 after buying an additional 40 shares during the period. Sunflower Bank N.A. raised its position in shares of Visa by 1.3% in the 4th quarter. Sunflower Bank N.A. now owns 3,143 shares of the credit-card processor’s stock worth $818,000 after purchasing an additional 41 shares during the last quarter. Parker Financial LLC raised its position in shares of Visa by 4.8% in the 4th quarter. Parker Financial LLC now owns 925 shares of the credit-card processor’s stock worth $241,000 after purchasing an additional 42 shares during the last quarter. Finally, Patron Partners LLC raised its position in shares of Visa by 1.0% in the 4th quarter. Patron Partners LLC now owns 4,295 shares of the credit-card processor’s stock worth $1,118,000 after purchasing an additional 42 shares during the last quarter. Institutional investors own 82.15% of the company’s stock.

Visa Stock Performance

Shares of NYSE:V traded down $0.64 during mid-day trading on Friday, reaching $274.52. 6,840,615 shares of the company traded hands, compared to its average volume of 6,528,673. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.40 and a quick ratio of 1.45. Visa Inc. has a 52 week low of $216.14 and a 52 week high of $290.96. The firm has a market cap of $504.16 billion, a PE ratio of 30.67, a PEG ratio of 1.89 and a beta of 0.96. The company’s 50 day moving average price is $279.24 and its 200-day moving average price is $264.33.

Visa (NYSE:V) last announced its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, beating the consensus estimate of $2.43 by $0.08. The firm had revenue of $8.78 billion for the quarter, compared to the consensus estimate of $8.62 billion. Visa had a net margin of 53.87% and a return on equity of 51.23%. The company’s revenue was up 9.9% on a year-over-year basis. During the same period last year, the firm earned $2.09 EPS. On average, equities analysts expect that Visa Inc. will post 9.89 EPS for the current fiscal year.

Visa Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms have recently issued reports on V. Keefe, Bruyette & Woods lifted their price target on Visa from $305.00 to $315.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. William Blair reaffirmed an “outperform” rating on shares of Visa in a research report on Wednesday. Mizuho reaffirmed a “neutral” rating and issued a $265.00 price target on shares of Visa in a research report on Wednesday, March 27th. Wells Fargo & Company lifted their price target on Visa from $300.00 to $325.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. Finally, UBS Group lifted their price target on Visa from $315.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday. Five research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to MarketBeat, Visa currently has an average rating of “Moderate Buy” and an average price target of $302.58.

Insider Transactions at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,200 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $280.36, for a total value of $2,298,952.00. Following the sale, the chief executive officer now owns 538 shares in the company, valued at approximately $150,833.68. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Visa news, CEO Ryan Mcinerney sold 8,200 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $280.36, for a total value of $2,298,952.00. Following the sale, the chief executive officer now owns 538 shares in the company, valued at approximately $150,833.68. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Peter M. Andreski sold 2,615 shares of the business’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 owns 4,898 shares in the company, valued at approximately $1,365,954.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,874 shares of company stock valued at $5,506,827. 0.19% of the stock is currently owned by corporate insiders.

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.