Lockheed Martin Investment Management Co. Has $8.33 Million Holdings in Visa Inc. $V

Lockheed Martin Investment Management Co. raised its position in Visa Inc. (NYSE:V) by 12.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,760 shares of the credit-card processor’s stock after buying an additional 2,560 shares during the period. Lockheed Martin Investment Management Co.’s holdings in Visa were worth $8,333,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Applied Finance Capital Management LLC lifted its position in shares of Visa by 123.6% during the fourth quarter. Applied Finance Capital Management LLC now owns 34,775 shares of the credit-card processor’s stock worth $12,196,000 after purchasing an additional 19,221 shares in the last quarter. Commerzbank Aktiengesellschaft FI lifted its position in shares of Visa by 1.1% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 501,893 shares of the credit-card processor’s stock worth $176,019,000 after purchasing an additional 5,398 shares in the last quarter. IMG Wealth Management Inc. lifted its position in shares of Visa by 18.4% during the fourth quarter. IMG Wealth Management Inc. now owns 785 shares of the credit-card processor’s stock worth $275,000 after purchasing an additional 122 shares in the last quarter. Clarendon Private LLC lifted its position in shares of Visa by 6.5% during the fourth quarter. Clarendon Private LLC now owns 1,871 shares of the credit-card processor’s stock worth $656,000 after purchasing an additional 114 shares in the last quarter. Finally, Isthmus Partners LLC lifted its position in shares of Visa by 2,615.2% during the fourth quarter. Isthmus Partners LLC now owns 45,208 shares of the credit-card processor’s stock worth $15,855,000 after purchasing an additional 43,543 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Visa

In related news, Director Lloyd Carney sold 650 shares of the stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $309.62, for a total value of $201,253.00. Following the transaction, the director directly owned 2,679 shares in the company, valued at $829,471.98. This represents a 19.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Ryan Mcinerney sold 31,455 shares of the stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $340.14, for a total transaction of $10,699,103.70. Following the completion of the transaction, the chief executive officer owned 15,174 shares in the company, valued at $5,161,284.36. This represents a 67.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 42,744 shares of company stock worth $14,356,010 over the last ninety days. Company insiders own 0.12% of the company’s stock.

Visa Trading Up 0.9%

Shares of NYSE V opened at $325.42 on Friday. The company’s 50 day simple moving average is $311.20 and its 200 day simple moving average is $325.89. Visa Inc. has a fifty-two week low of $293.89 and a fifty-two week high of $375.51. The firm has a market capitalization of $583.73 billion, a P/E ratio of 28.35, a P/E/G ratio of 1.72 and a beta of 0.78. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.09 and a quick ratio of 1.09.

Visa (NYSE:V) last announced its quarterly earnings data on Tuesday, April 28th. The credit-card processor reported $3.31 earnings per share for the quarter, beating the consensus estimate of $3.10 by $0.21. Visa had a net margin of 51.68% and a return on equity of 65.00%. The business had revenue of $11.23 billion for the quarter, compared to analyst estimates of $10.75 billion. During the same period in the prior year, the business posted $2.76 earnings per share. Visa’s revenue was up 17.1% compared to the same quarter last year. On average, analysts predict that Visa Inc. will post 13.09 EPS for the current year.

Visa announced that its Board of Directors has approved a stock buyback plan on Tuesday, April 28th that permits the company to repurchase $20.00 billion in shares. This repurchase authorization permits the credit-card processor to reacquire up to 3.6% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

Visa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Tuesday, May 12th will be issued a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 0.8%. The ex-dividend date is Tuesday, May 12th. Visa’s dividend payout ratio is currently 23.34%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Raymond James Financial reiterated an “outperform” rating and set a $389.00 target price on shares of Visa in a research report on Wednesday, April 29th. Piper Sandler set a $160.00 target price on shares of Visa in a research report on Wednesday, January 28th. Loop Capital assumed coverage on shares of Visa in a research report on Tuesday, March 31st. They set a “buy” rating and a $387.00 target price on the stock. TD Cowen reiterated a “buy” rating on shares of Visa in a research report on Friday, January 30th. Finally, Weiss Ratings lowered shares of Visa from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, April 16th. Six analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $387.67.

Key Stories Impacting Visa

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Trump said he urged China to open its credit card market more to Visa, raising hopes for future international growth if market access improves. Reuters related coverage
• Positive Sentiment: Visa is expanding digital identity and card activation tools, while also launching AI-powered fan intelligence capabilities, reinforcing its innovation and product-growth story. Visa Links Tap Identity And AI Fan Data To Its Growth Story
• Positive Sentiment: Recent commentary highlighted strong spending trends and digital payments adoption, which generally support transaction volume for Visa’s network. Credit Card Charges Show This Glaring Divergence With The Economy
• Neutral Sentiment: Visa CFO Chris Suh sold shares in a disclosed insider transaction, which may slightly pressure sentiment but does not change the company’s operating outlook. SEC Form 4 filing
• Negative Sentiment: Separate news about delays in U.S. green-card processing and Hungary’s visa-worker policy are mostly unrelated to Visa Inc.’s business and should have limited direct impact on the stock. US Delays Green Card Processing For Indians In Key Visa Categories

Visa Profile

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.