Meiji Yasuda Asset Management Co Ltd. Has $28.57 Million Stake in Visa Inc. (NYSE:V)

Meiji Yasuda Asset Management Co Ltd. reduced its stake in Visa Inc. (NYSE:V) by 0.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 90,384 shares of the credit-card processor’s stock after selling 722 shares during the period. Visa makes up approximately 1.1% of Meiji Yasuda Asset Management Co Ltd.’s investment portfolio, making the stock its 14th biggest position. Meiji Yasuda Asset Management Co Ltd.’s holdings in Visa were worth $28,565,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Howard Capital Management Group LLC lifted its holdings in shares of Visa by 0.6% during the 3rd quarter. Howard Capital Management Group LLC now owns 106,355 shares of the credit-card processor’s stock worth $29,242,000 after acquiring an additional 610 shares during the period. Principal Financial Group Inc. lifted its stake in Visa by 7.7% during the third quarter. Principal Financial Group Inc. now owns 5,733,284 shares of the credit-card processor’s stock worth $1,576,366,000 after purchasing an additional 411,210 shares during the last quarter. Algert Global LLC acquired a new stake in shares of Visa in the 3rd quarter valued at $1,778,000. Fisher Asset Management LLC lifted its holdings in shares of Visa by 2.1% in the third quarter. Fisher Asset Management LLC now owns 9,584,713 shares of the credit-card processor’s stock worth $2,635,317,000 after acquiring an additional 196,891 shares during the last quarter. Finally, Prosperity Financial Group Inc. lifted its holdings in shares of Visa by 5.2% in the third quarter. Prosperity Financial Group Inc. now owns 4,882 shares of the credit-card processor’s stock worth $1,342,000 after acquiring an additional 242 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insider Buying and Selling at Visa

In other news, insider Paul D. Fabara sold 39,350 shares of the firm’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $327.20, for a total transaction of $12,875,320.00. Following the completion of the sale, the insider now directly owns 26,413 shares of the company’s stock, valued at $8,642,333.60. This trade represents a 59.84 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total transaction of $2,739,263.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 143,205 shares of company stock worth $48,560,961. Insiders own 0.13% of the company’s stock.

Visa Stock Performance

Shares of Visa stock opened at $343.96 on Tuesday. The company has a market cap of $639.00 billion, a PE ratio of 34.67, a price-to-earnings-growth ratio of 2.33 and a beta of 0.95. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $366.54. The business has a 50 day moving average price of $341.23 and a 200-day moving average price of $313.75.

Visa (NYSE:V) last issued its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. Equities analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date was Tuesday, February 11th. Visa’s payout ratio is 23.79%.

Wall Street Analyst Weigh In

V has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Visa in a research report on Thursday, February 13th. UBS Group increased their price target on Visa from $350.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Morgan Stanley boosted their price objective on Visa from $326.00 to $371.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. The Goldman Sachs Group lifted their price target on Visa from $346.00 to $384.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Finally, Raymond James reaffirmed an “outperform” rating and issued a $393.00 price objective (up previously from $374.00) on shares of Visa in a research note on Friday, January 31st. Six analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $353.96.

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.