William Allan Corp Boosts Stock Holdings in Visa Inc. (NYSE:V)

William Allan Corp raised its holdings in Visa Inc. (NYSE:V) by 0.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,868 shares of the credit-card processor’s stock after purchasing an additional 37 shares during the quarter. Visa accounts for about 3.1% of William Allan Corp’s holdings, making the stock its 11th biggest position. William Allan Corp’s holdings in Visa were worth $5,015,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Peterson Financial Group Inc. purchased a new stake in Visa during the third quarter worth about $26,000. Decker Retirement Planning Inc. purchased a new stake in shares of Visa during the 4th quarter worth approximately $26,000. Reston Wealth Management LLC acquired a new stake in shares of Visa in the 3rd quarter worth approximately $31,000. Modus Advisors LLC acquired a new stake in shares of Visa in the 4th quarter worth approximately $32,000. Finally, Sugar Maple Asset Management LLC purchased a new position in Visa in the 4th quarter valued at approximately $44,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insiders Place Their Bets

In related news, insider Tullier Kelly Mahon sold 33,741 shares of the firm’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the sale, the insider now directly owns 36,566 shares in the company, valued at approximately $12,789,689.82. This trade represents a 47.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Paul D. Fabara sold 2,171 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was 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 position. The disclosure for this sale can be found here. Insiders sold a total of 58,056 shares of company stock worth $19,830,050 over the last ninety days. 0.13% of the stock is owned by company insiders.

Visa Price Performance

Shares of Visa stock opened at $348.26 on Monday. The business’s fifty day moving average price is $321.08 and its 200 day moving average price is $295.90. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $351.25. The company has a current ratio of 1.12, a quick ratio of 1.28 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $647.00 billion, a P/E ratio of 35.11, a PEG ratio of 2.32 and a beta of 0.97.

Visa (NYSE:V) last released 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%. As a group, research analysts anticipate that Visa Inc. will post 11.27 earnings per share for the current year.

Visa Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th will be given a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a yield of 0.68%. Visa’s dividend payout ratio (DPR) is 23.79%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Seaport Res Ptn raised Visa from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Macquarie increased their price objective on shares of Visa from $300.00 to $335.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Susquehanna lifted their price objective on Visa from $375.00 to $395.00 and gave the stock a “positive” rating in a research report on Friday, January 31st. Wells Fargo & Company increased their target price on Visa from $360.00 to $395.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Finally, TD Cowen boosted their price target on Visa from $318.00 to $325.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Visa has a consensus rating of “Moderate Buy” and a consensus target price of $354.73.

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.