Visa Inc. (NYSE:V) Stake Raised by Running Oak Capital LLC

Running Oak Capital LLC increased its holdings in Visa Inc. (NYSE:V) by 15.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,152 shares of the credit-card processor’s stock after acquiring an additional 4,864 shares during the period. Visa comprises about 1.9% of Running Oak Capital LLC’s holdings, making the stock its 18th largest holding. Running Oak Capital LLC’s holdings in Visa were worth $9,412,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Aveo Capital Partners LLC raised its stake in shares of Visa by 9.2% during the 4th quarter. Aveo Capital Partners LLC now owns 2,802 shares of the credit-card processor’s stock worth $730,000 after purchasing an additional 235 shares in the last quarter. Westover Capital Advisors LLC grew its holdings in Visa by 1.4% in the 4th quarter. Westover Capital Advisors LLC now owns 4,525 shares of the credit-card processor’s stock valued at $1,178,000 after buying an additional 61 shares during the last quarter. SRS Capital Advisors Inc. grew its holdings in Visa by 7.7% in the 4th quarter. SRS Capital Advisors Inc. now owns 10,520 shares of the credit-card processor’s stock valued at $2,739,000 after buying an additional 749 shares during the last quarter. Natixis Advisors L.P. grew its holdings in Visa by 2.7% in the 4th quarter. Natixis Advisors L.P. now owns 2,170,492 shares of the credit-card processor’s stock valued at $565,087,000 after buying an additional 58,022 shares during the last quarter. Finally, Benjamin Edwards Inc. grew its holdings in Visa by 8.2% in the 4th quarter. Benjamin Edwards Inc. now owns 3,374 shares of the credit-card processor’s stock valued at $879,000 after buying an additional 256 shares during the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.

Visa Stock Up 0.1 %

Visa stock traded up $0.29 during trading hours on Thursday, reaching $267.61. The stock had a trading volume of 5,044,880 shares, compared to its average volume of 5,927,641. Visa Inc. has a 52 week low of $216.14 and a 52 week 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 1.40. The company has a market cap of $491.47 billion, a price-to-earnings ratio of 29.90, a PEG ratio of 1.84 and a beta of 0.95. The business’s 50 day moving average price is $278.79 and its 200-day moving average price is $265.21.

Visa (NYSE:V) last issued its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, beating analysts’ consensus estimates of $2.43 by $0.08. The firm had revenue of $8.78 billion for the quarter, compared to analyst estimates of $8.62 billion. Visa had a return on equity of 51.23% and a net margin of 53.87%. Visa’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.09 earnings per share. Sell-side analysts anticipate that Visa Inc. will post 9.93 EPS for the current year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 17th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.78%. Visa’s dividend payout ratio (DPR) is 23.24%.

Insider Activity

In related news, Director Lloyd Carney sold 909 shares of the stock in a transaction on Friday, April 26th. The stock was sold at an average price of $275.55, for a total value of $250,474.95. Following the completion of the transaction, the director now directly owns 2,591 shares of the company’s stock, valued at approximately $713,950.05. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO Ryan Mcinerney sold 8,200 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the sale, the chief executive officer now owns 538 shares of the company’s stock, valued at approximately $150,833.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lloyd Carney sold 909 shares of the firm’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $275.55, for a total value of $250,474.95. Following the sale, the director now directly owns 2,591 shares in the company, valued at approximately $713,950.05. The disclosure for this sale can be found here. Insiders have sold 11,724 shares of company stock worth $3,278,698 in the last quarter. Corporate insiders own 0.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. William Blair restated an “outperform” rating on shares of Visa in a research note on Wednesday, April 24th. KeyCorp raised their price objective on shares of Visa from $275.00 to $300.00 and gave the stock an “overweight” rating in a report on Monday, January 8th. Redburn Atlantic reissued a “neutral” rating and issued a $307.00 price target on shares of Visa in a report on Wednesday, March 27th. Wells Fargo & Company lifted their price target on shares of Visa from $300.00 to $325.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. Finally, Macquarie boosted their price objective on shares of Visa from $290.00 to $300.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Five equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $303.00.

About Visa

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.