PGGM Investments Increases Stock Position in Visa Inc. (NYSE:V)

PGGM Investments raised its position in shares of Visa Inc. (NYSE:V) by 10.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 189,942 shares of the credit-card processor’s stock after buying an additional 17,780 shares during the period. PGGM Investments’ holdings in Visa were worth $49,451,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in V. Trifecta Capital Advisors LLC raised its holdings in Visa by 2.7% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 20,176 shares of the credit-card processor’s stock worth $4,641,000 after purchasing an additional 536 shares in the last quarter. RDA Financial Network raised its holdings in Visa by 3.8% in the 3rd quarter. RDA Financial Network now owns 13,716 shares of the credit-card processor’s stock worth $3,155,000 after purchasing an additional 508 shares in the last quarter. Builder Investment Group Inc. ADV raised its holdings in Visa by 0.7% in the 3rd quarter. Builder Investment Group Inc. ADV now owns 28,753 shares of the credit-card processor’s stock worth $6,613,000 after purchasing an additional 207 shares in the last quarter. Culbertson A N & Co. Inc. raised its holdings in Visa by 0.4% in the 3rd quarter. Culbertson A N & Co. Inc. now owns 21,627 shares of the credit-card processor’s stock worth $4,974,000 after purchasing an additional 93 shares in the last quarter. Finally, Spectrum Asset Management Inc. NB CA increased its stake in shares of Visa by 172.4% in the 3rd quarter. Spectrum Asset Management Inc. NB CA now owns 4,999 shares of the credit-card processor’s stock worth $1,150,000 after acquiring an additional 3,164 shares in the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on V shares. Citigroup raised their price objective on shares of Visa from $314.00 to $321.00 and gave the company a “buy” rating in a research note on Wednesday. Macquarie raised their price target on shares of Visa from $290.00 to $300.00 and gave the company an “outperform” rating in a report on Wednesday. Mizuho reaffirmed a “neutral” rating and set a $265.00 price target on shares of Visa in a report on Wednesday, March 27th. Royal Bank of Canada raised their price target on shares of Visa from $309.00 to $315.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Oppenheimer raised their price objective on shares of Visa from $297.00 to $299.00 and gave the stock an “outperform” rating in a report on Wednesday. Five equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $302.58.

Insider Buying and Selling

In other Visa news, Director Lloyd Carney sold 909 shares of Visa 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 completion of the transaction, the director now directly owns 2,591 shares of the company’s stock, valued at $713,950.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CAO Peter M. Andreski sold 2,615 shares of the business’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 of the company’s stock, valued at $1,365,954.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lloyd Carney sold 909 shares of the business’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 of the company’s stock, valued at $713,950.05. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 19,874 shares of company stock worth $5,506,827. Insiders own 0.19% of the company’s stock.

Visa Price Performance

Shares of Visa stock traded down $0.64 on Friday, hitting $274.52. 6,840,615 shares of the company traded hands, compared to its average volume of 6,528,673. The stock has a market capitalization of $504.16 billion, a P/E ratio of 30.67, a price-to-earnings-growth ratio of 1.89 and a beta of 0.96. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.45 and a current ratio of 1.40. Visa Inc. has a 52 week low of $216.14 and a 52 week high of $290.96. The business has a 50-day simple moving average of $279.24 and a 200 day simple moving average of $264.52.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.43 by $0.08. The firm had revenue of $8.78 billion for 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 company’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter last year, the business posted $2.09 earnings per share. Research analysts expect that Visa Inc. will post 9.89 earnings per share for the current fiscal year.

Visa Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 17th will be given a $0.52 dividend. 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 presently 23.24%.

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.