White Pine Investment CO Purchases New Position in Visa Inc. (NYSE:V)

White Pine Investment CO acquired a new stake in Visa Inc. (NYSE:V) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 675 shares of the credit-card processor’s stock, valued at approximately $213,000.

Other institutional investors have also recently bought and sold shares of the company. Decker Retirement Planning Inc. bought a new position in Visa in the 4th quarter valued at $26,000. Peterson Financial Group Inc. bought a new stake in shares of Visa during the third quarter worth $26,000. Modus Advisors LLC bought a new stake in shares of Visa during the fourth quarter worth $32,000. Reston Wealth Management LLC bought a new stake in shares of Visa during the third quarter worth $31,000. Finally, Sugar Maple Asset Management LLC bought a new stake in shares of Visa during the fourth quarter worth $44,000. Institutional investors own 82.15% of the company’s stock.

Insider Buying and Selling

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total value of $2,739,263.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Paul D. Fabara sold 2,171 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total value of $668,602.87. Following the completion of the transaction, the insider now owns 17,894 shares of the company’s stock, valued at approximately $5,510,815.18. This represents a 10.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.13% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on V shares. Robert W. Baird boosted their target price on Visa from $330.00 to $340.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Piper Sandler boosted their target price on Visa from $319.00 to $322.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Barclays boosted their target price on Visa from $319.00 to $347.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. BMO Capital Markets boosted their target price on Visa from $310.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Finally, Keefe, Bruyette & Woods boosted their target price on Visa from $335.00 to $360.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Four research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $332.81.

Visa Stock Up 1.4 %

Shares of Visa stock opened at $328.18 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.28 and a quick ratio of 1.28. The company has a market capitalization of $611.36 billion, a P/E ratio of 33.73, a price-to-earnings-growth ratio of 2.17 and a beta of 0.96. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $328.51. The business has a 50-day moving average of $314.14 and a two-hundred day moving average of $289.71.

Visa (NYSE:V) last posted its quarterly earnings data on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.58 by $0.13. The business had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $9.49 billion. Visa had a return on equity of 53.16% and a net margin of 54.96%. Visa’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period last year, the company earned $2.33 earnings per share. As a group, equities analysts predict that Visa Inc. will post 11.2 EPS for the current year.

Visa Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Tuesday, November 12th were issued a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This is an increase from Visa’s previous quarterly dividend of $0.52. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.72%. Visa’s dividend payout ratio (DPR) is presently 24.25%.

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.