Visa Inc. (NYSE:V) Stake Decreased by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC lessened its position in Visa Inc. (NYSE:V) by 1.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 402,813 shares of the credit-card processor’s stock after selling 5,921 shares during the quarter. Visa accounts for approximately 1.8% of Douglas Lane & Associates LLC’s portfolio, making the stock its 9th largest holding. Douglas Lane & Associates LLC’s holdings in Visa were worth $127,305,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Private Management Group Inc. increased its position in shares of Visa by 9.5% in the second quarter. Private Management Group Inc. now owns 1,178 shares of the credit-card processor’s stock valued at $309,000 after acquiring an additional 102 shares during the period. LGT Fund Management Co Ltd. boosted its position in shares of Visa by 407.3% in the 2nd quarter. LGT Fund Management Co Ltd. now owns 106,328 shares of the credit-card processor’s stock worth $27,908,000 after purchasing an additional 85,370 shares in the last quarter. Invesco LLC grew its stake in shares of Visa by 0.4% in the 2nd quarter. Invesco LLC now owns 14,871 shares of the credit-card processor’s stock worth $3,903,000 after buying an additional 63 shares during the last quarter. Dorsey & Whitney Trust CO LLC raised its stake in Visa by 7.0% during the second quarter. Dorsey & Whitney Trust CO LLC now owns 55,345 shares of the credit-card processor’s stock valued at $14,526,000 after buying an additional 3,609 shares during the last quarter. Finally, Andra AP fonden grew its stake in shares of Visa by 8.1% in the second quarter. Andra AP fonden now owns 38,841 shares of the credit-card processor’s stock worth $10,195,000 after acquiring an additional 2,900 shares during the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Visa Price Performance

Shares of V traded up $1.55 during midday trading on Wednesday, hitting $313.22. 2,691,117 shares of the company traded hands, compared to its average volume of 4,745,194. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $321.61. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.28 and a current ratio of 1.28. The firm has a 50 day moving average of $310.90 and a 200-day moving average of $286.27. The stock has a market cap of $583.49 billion, a price-to-earnings ratio of 32.19, a PEG ratio of 2.11 and a beta of 0.96.

Visa (NYSE:V) last released its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share for the quarter, beating the consensus estimate of $2.58 by $0.13. The business had revenue of $9.62 billion during the quarter, compared to analysts’ expectations of $9.49 billion. Visa had a return on equity of 53.16% and a net margin of 54.96%. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter last year, the business posted $2.33 EPS. On average, analysts forecast that Visa Inc. will post 11.23 EPS for the current fiscal year.

Visa Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Tuesday, November 12th were paid a dividend of $0.59 per share. This is an increase from Visa’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $2.36 dividend on an annualized basis and a yield of 0.75%. Visa’s dividend payout ratio is presently 24.25%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on V. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Visa from $300.00 to $340.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Royal Bank of Canada increased their target price on Visa from $311.00 to $322.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. TD Cowen boosted their target price on Visa from $318.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Susquehanna raised their price target on shares of Visa from $339.00 to $375.00 and gave the company a “positive” rating in a report on Wednesday, December 11th. Finally, Bank of America raised their target price on shares of Visa from $279.00 to $308.00 and gave the stock a “neutral” rating in a report on Tuesday, September 17th. Four investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $329.70.

Insiders Place Their Bets

In related news, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total value of $2,739,263.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Paul D. Fabara sold 2,171 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total transaction of $668,602.87. Following the transaction, the insider now owns 17,894 shares in the company, valued at $5,510,815.18. This trade represents a 10.82 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

Visa 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.