Hikari Tsushin Inc. Grows Position in Visa Inc. $V

Hikari Tsushin Inc. increased its position in Visa Inc. (NYSE:V) by 1.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 101,555 shares of the credit-card processor’s stock after purchasing an additional 989 shares during the quarter. Visa makes up 2.5% of Hikari Tsushin Inc.’s portfolio, making the stock its 5th largest holding. Hikari Tsushin Inc.’s holdings in Visa were worth $36,057,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Keystone Global Partners LLC acquired a new stake in shares of Visa during the 1st quarter valued at about $26,000. Family Legacy Financial Solutions LLC bought a new position in Visa during the second quarter worth about $28,000. Harbor Asset Planning Inc. acquired a new stake in Visa during the second quarter valued at approximately $29,000. Cranbrook Wealth Management LLC grew its stake in shares of Visa by 82.0% in the 2nd quarter. Cranbrook Wealth Management LLC now owns 91 shares of the credit-card processor’s stock valued at $32,000 after purchasing an additional 41 shares during the period. Finally, Hoese & Co LLP bought a new stake in shares of Visa in the 2nd quarter valued at approximately $36,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Stock Performance

Visa stock opened at $323.87 on Thursday. The stock has a 50-day simple moving average of $341.07 and a 200 day simple moving average of $348.23. The stock has a market capitalization of $590.01 billion, a price-to-earnings ratio of 31.72, a P/E/G ratio of 1.90 and a beta of 0.87. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.53. Visa Inc. has a 12-month low of $299.00 and a 12-month high of $375.51.

Visa (NYSE:V) last posted its quarterly earnings data on Tuesday, October 28th. The credit-card processor reported $2.98 earnings per share for the quarter, beating the consensus estimate of $2.97 by $0.01. Visa had a net margin of 50.15% and a return on equity of 60.31%. The firm had revenue of $10.72 billion during the quarter, compared to analysts’ expectations of $10.60 billion. During the same quarter last year, the company posted $2.71 EPS. The company’s quarterly revenue was up 11.5% compared to the same quarter last year. On average, research analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Wednesday, November 12th will be issued a $0.67 dividend. This is an increase from Visa’s previous quarterly dividend of $0.59. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Wednesday, November 12th. Visa’s dividend payout ratio (DPR) is 26.25%.

Analysts Set New Price Targets

V has been the topic of several recent analyst reports. KeyCorp reaffirmed an “overweight” rating and issued a $405.00 price target on shares of Visa in a research note on Wednesday, October 22nd. Erste Group Bank downgraded shares of Visa from a “buy” rating to a “hold” rating in a research note on Monday, September 22nd. Citigroup raised shares of Visa to a “strong-buy” rating in a report on Thursday, October 23rd. Robert W. Baird set a $425.00 target price on shares of Visa in a research report on Wednesday, October 29th. Finally, Morgan Stanley set a $398.00 price target on shares of Visa and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Four investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $400.00.

Insider Activity at Visa

In other Visa news, Director Lloyd Carney sold 900 shares of the company’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $336.48, for a total transaction of $302,832.00. Following the transaction, the director owned 2,468 shares of the company’s stock, valued at approximately $830,432.64. This represents a 26.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ryan Mcinerney sold 10,485 shares of the stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $341.00, for a total value of $3,575,385.00. Following the completion of the transaction, the chief executive officer owned 537 shares in the company, valued at $183,117. The trade was a 95.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 21,870 shares of company stock valued at $7,467,233 in the last 90 days. 0.13% of the stock is currently owned by corporate insiders.

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.