Visa Inc. (NYSE:V) Shares Acquired by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC increased its position in Visa Inc. (NYSE:V) by 4.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 60,003 shares of the credit-card processor’s stock after purchasing an additional 2,504 shares during the period. Visa accounts for about 1.2% of Motley Fool Asset Management LLC’s investment portfolio, making the stock its 20th biggest holding. Motley Fool Asset Management LLC’s holdings in Visa were worth $15,622,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Altshuler Shaham Ltd acquired a new position in Visa in the third quarter valued at approximately $25,000. O Brien Wealth Partners LLC acquired a new position in Visa in the fourth quarter valued at approximately $32,000. Nalls Sherbakoff Group LLC boosted its stake in Visa by 545.5% in the third quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock valued at $33,000 after acquiring an additional 120 shares during the period. Valued Wealth Advisors LLC acquired a new position in Visa in the fourth quarter valued at approximately $37,000. Finally, Macroview Investment Management LLC boosted its stake in Visa by 1,019.2% in the third quarter. Macroview Investment Management LLC now owns 291 shares of the credit-card processor’s stock valued at $67,000 after acquiring an additional 265 shares during the period. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Visa Stock Performance

Visa stock traded down $0.58 during midday trading on Friday, hitting $274.58. The company’s stock had a trading volume of 6,840,359 shares, compared to its average volume of 5,951,953. Visa Inc. has a 1-year low of $216.14 and a 1-year high of $290.96. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.40 and a quick ratio of 1.45. The company has a 50-day moving average price of $279.32 and a two-hundred day moving average price of $264.05. The company has a market cap of $504.27 billion, a price-to-earnings ratio of 30.67, a PEG ratio of 1.90 and a beta of 0.96.

Visa (NYSE:V) last issued its earnings results 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 company had revenue of $8.78 billion during the quarter, compared to analysts’ expectations of $8.62 billion. Visa had a net margin of 53.87% and a return on equity of 51.23%. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period in the previous year, the company earned $2.09 EPS. As a group, sell-side analysts predict that Visa Inc. will post 9.89 earnings per share for the current year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 17th will be given 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 is Thursday, May 16th. Visa’s dividend payout ratio is 23.24%.

Insider Buying and Selling

In other Visa news, CEO Ryan Mcinerney sold 8,150 shares of the business’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 transaction of $2,228,128.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Visa news, CEO Ryan Mcinerney sold 8,150 shares of the business’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 transaction of $2,228,128.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Peter M. Andreski sold 2,615 shares of the company’s stock in a transaction on Wednesday, February 7th. The shares were 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 directly owns 4,898 shares in the company, valued at $1,365,954.24. The disclosure for this sale can be found here. Insiders sold a total of 18,965 shares of company stock worth $5,256,352 in the last three months. 0.19% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on V shares. Evercore ISI boosted their price objective on Visa from $325.00 to $335.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. Citigroup boosted their target price on Visa from $314.00 to $321.00 and gave the stock a “buy” rating in a report on Wednesday. Keefe, Bruyette & Woods boosted their target price on Visa from $305.00 to $315.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Macquarie upped their price target on Visa from $290.00 to $300.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Raymond James upped their price target on Visa from $287.00 to $311.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Five research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Visa presently has an average rating of “Moderate Buy” and a consensus price target of $302.58.

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.