Dohj LLC Acquires 1,436 Shares of Visa Inc. (NYSE:V)

Dohj LLC raised its holdings in Visa Inc. (NYSE:V) by 13.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 11,765 shares of the credit-card processor’s stock after purchasing an additional 1,436 shares during the quarter. Dohj LLC’s holdings in Visa were worth $3,063,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of V. Altshuler Shaham Ltd bought a new stake in Visa in the third quarter valued at approximately $25,000. O Brien Wealth Partners LLC bought a new stake in Visa in the fourth quarter valued at approximately $32,000. Valued Wealth Advisors LLC bought a new stake in Visa in the fourth quarter valued at approximately $37,000. Stuart Chaussee & Associates Inc. raised its stake in Visa by 66.2% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 236 shares of the credit-card processor’s stock valued at $61,000 after buying an additional 94 shares during the period. Finally, Macroview Investment Management LLC raised 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 buying an additional 265 shares during the period. Institutional investors own 82.15% of the company’s stock.

Insider Buying and Selling

In related news, CEO Ryan Mcinerney sold 8,150 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total transaction of $2,228,128.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CEO Ryan Mcinerney sold 8,150 shares of Visa stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $273.39, for a total value of $2,228,128.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Peter M. Andreski sold 2,615 shares of Visa stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total value of $729,271.20. Following the completion of the transaction, the chief accounting officer now directly owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The disclosure for this sale can be found here. Insiders sold a total of 19,874 shares of company stock valued at $5,506,827 in the last three months. Insiders own 0.19% of the company’s stock.

Visa Price Performance

Shares of V stock traded down $0.64 during trading hours on Friday, reaching $274.52. The company’s stock had a trading volume of 6,840,615 shares, compared to its average volume of 6,528,673. Visa Inc. has a fifty-two week low of $216.14 and a fifty-two week high of $290.96. The company has a market capitalization of $504.16 billion, a price-to-earnings ratio of 30.67, a PEG ratio of 1.89 and a beta of 0.96. The company has a quick ratio of 1.45, a current ratio of 1.40 and a debt-to-equity ratio of 0.53. The firm’s 50 day simple moving average is $279.24 and its 200-day simple moving average is $264.33.

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. The company had revenue of $8.78 billion during the quarter, compared to analysts’ expectations of $8.62 billion. Visa had a return on equity of 51.23% and a net margin of 53.87%. Visa’s revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the company earned $2.09 EPS. Sell-side analysts forecast that Visa Inc. will post 9.89 earnings per share for the current year.

Visa Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 0.76%. The ex-dividend date is Thursday, May 16th. Visa’s dividend payout ratio is currently 23.24%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on V. TD Cowen began coverage on Visa in a research note on Thursday, April 11th. They set a “buy” rating and a $320.00 target price on the stock. Macquarie increased their target price on Visa from $290.00 to $300.00 and gave the stock an “outperform” rating in a research note on Wednesday. Wells Fargo & Company increased their target price on Visa from $300.00 to $325.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 6th. Barclays increased their target price on Visa from $304.00 to $319.00 and gave the stock an “overweight” rating in a research note on Monday, January 29th. Finally, Redburn Atlantic reiterated a “neutral” rating and set a $307.00 target price on shares of Visa in a research note on Wednesday, March 27th. Five equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $302.58.

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.