Visa Inc. $V Stake Boosted by Shelton Capital Management

Shelton Capital Management increased its holdings in Visa Inc. (NYSE:V) by 3.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 34,897 shares of the credit-card processor’s stock after buying an additional 1,239 shares during the period. Shelton Capital Management’s holdings in Visa were worth $12,390,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. BankPlus Wealth Management LLC lifted its holdings in shares of Visa by 0.9% in the 2nd quarter. BankPlus Wealth Management LLC now owns 3,338 shares of the credit-card processor’s stock worth $1,185,000 after purchasing an additional 29 shares during the last quarter. Transcendent Capital Group LLC increased its position in Visa by 2.9% in the second quarter. Transcendent Capital Group LLC now owns 1,013 shares of the credit-card processor’s stock worth $360,000 after buying an additional 29 shares during the period. Interchange Capital Partners LLC lifted its stake in Visa by 0.5% in the second quarter. Interchange Capital Partners LLC now owns 6,413 shares of the credit-card processor’s stock valued at $2,276,000 after buying an additional 30 shares during the last quarter. Academy Capital Management boosted its holdings in shares of Visa by 3.7% during the first quarter. Academy Capital Management now owns 860 shares of the credit-card processor’s stock valued at $301,000 after acquiring an additional 31 shares during the period. Finally, Legacy Wealth Managment LLC ID boosted its holdings in shares of Visa by 12.0% during the first quarter. Legacy Wealth Managment LLC ID now owns 289 shares of the credit-card processor’s stock valued at $101,000 after acquiring an additional 31 shares during the period. 82.15% of the stock is owned by institutional investors.

Insider Buying and Selling at Visa

In other news, insider Paul D. Fabara sold 2,172 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $325.93, for a total transaction of $707,919.96. Following the sale, the insider owned 26,413 shares in the company, valued at $8,608,789.09. The trade was a 7.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lloyd Carney sold 900 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $336.48, for a total transaction of $302,832.00. Following the completion of the sale, the director owned 2,468 shares of the company’s stock, valued at approximately $830,432.64. This trade represents a 26.72% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 24,042 shares of company stock valued at $8,175,152. 0.13% of the stock is currently owned by corporate insiders.

Visa Trading Up 0.3%

Shares of Visa stock opened at $334.67 on Monday. Visa Inc. has a fifty-two week low of $299.00 and a fifty-two week high of $375.51. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.53. The business has a fifty day simple moving average of $339.68 and a 200-day simple moving average of $347.15. The firm has a market cap of $609.67 billion, a price-to-earnings ratio of 32.78, a price-to-earnings-growth ratio of 1.98 and a beta of 0.82.

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

Visa Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Wednesday, November 12th will be issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 0.8%. The ex-dividend date is Wednesday, November 12th. This is a boost from Visa’s previous quarterly dividend of $0.59. Visa’s dividend payout ratio is presently 26.25%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Macquarie cut their price objective on shares of Visa from $425.00 to $410.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 29th. Morgan Stanley set a $398.00 price target on shares of Visa and gave the company an “overweight” rating in a research note on Wednesday, October 29th. Robert W. Baird set a $425.00 price objective on Visa in a report on Wednesday, October 29th. KeyCorp restated an “overweight” rating and issued a $405.00 target price on shares of Visa in a research report on Wednesday, October 22nd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Visa in a research report on Wednesday, October 8th. Four analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $400.00.

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.