W.H. Cornerstone Investments Inc. Has $1.20 Million Stock Position in Visa Inc. (NYSE:V)

W.H. Cornerstone Investments Inc. grew its stake in Visa Inc. (NYSE:V) by 11.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,595 shares of the credit-card processor’s stock after buying an additional 478 shares during the quarter. Visa accounts for about 0.9% of W.H. Cornerstone Investments Inc.’s investment portfolio, making the stock its 29th biggest holding. W.H. Cornerstone Investments Inc.’s holdings in Visa were worth $1,196,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in the stock. Evergreen Wealth Management LLC raised its position in Visa by 2.5% in the 4th quarter. Evergreen Wealth Management LLC now owns 9,815 shares of the credit-card processor’s stock valued at $2,555,000 after buying an additional 236 shares during the last quarter. Clearstead Trust LLC raised its holdings in shares of Visa by 1.6% in the fourth quarter. Clearstead Trust LLC now owns 26,936 shares of the credit-card processor’s stock valued at $7,013,000 after purchasing an additional 427 shares during the last quarter. SYM FINANCIAL Corp acquired a new stake in shares of Visa in the fourth quarter valued at approximately $292,000. River Global Investors LLP bought a new stake in shares of Visa in the fourth quarter worth $4,403,000. Finally, Connecticut Wealth Management LLC boosted its holdings in Visa by 53.9% during the fourth quarter. Connecticut Wealth Management LLC now owns 16,094 shares of the credit-card processor’s stock worth $4,190,000 after purchasing an additional 5,635 shares during the last quarter. Institutional investors own 82.15% of the company’s stock.

Visa Price Performance

Shares of NYSE V traded up $0.88 during midday trading on Friday, reaching $268.49. 3,862,018 shares of the company were exchanged, compared to its average volume of 6,930,902. The stock’s 50-day moving average price is $278.17 and its 200-day moving average price is $265.79. The stock has a market cap of $493.08 billion, a P/E ratio of 30.00, a PEG ratio of 1.84 and a beta of 0.95. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.53. Visa Inc. has a one year low of $216.14 and a one year high of $290.96.

Visa (NYSE:V) last announced its quarterly 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. Visa had a return on equity of 51.23% and a net margin of 53.87%. The firm had revenue of $8.78 billion for the quarter, compared to analyst estimates of $8.62 billion. During the same period last year, the firm posted $2.09 earnings per share. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. On average, sell-side analysts anticipate that Visa Inc. will post 9.94 earnings per share for the current fiscal year.

Visa Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 0.77%. The ex-dividend date is Thursday, May 16th. Visa’s payout ratio is presently 23.24%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. UBS Group boosted their price target on Visa from $315.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Raymond James upped their price target on shares of Visa from $287.00 to $311.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. Royal Bank of Canada increased their price target on shares of Visa from $309.00 to $315.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Robert W. Baird boosted their price objective on shares of Visa from $314.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 17th. Finally, William Blair reiterated an “outperform” rating on shares of Visa in a research note on Wednesday, April 24th. Five equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $303.00.

Insider Buying and Selling at Visa

In related news, CEO Ryan Mcinerney sold 8,200 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was 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 directly owns 538 shares in the company, valued at $150,833.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related 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 transaction, the chief executive officer now owns 538 shares in the company, valued at $150,833.68. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Lloyd Carney sold 909 shares of the company’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $275.55, for a total transaction 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. In the last quarter, insiders have sold 11,724 shares of company stock worth $3,278,698. Insiders own 0.19% of the company’s stock.

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.