Mill Creek Capital Advisors LLC Purchases 2,387 Shares of Visa Inc. (NYSE:V)

Mill Creek Capital Advisors LLC boosted its position in shares of Visa Inc. (NYSE:V) by 52.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 6,952 shares of the credit-card processor’s stock after acquiring an additional 2,387 shares during the quarter. Mill Creek Capital Advisors LLC’s holdings in Visa were worth $2,197,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in V. Summit Trail Advisors LLC increased its holdings in Visa by 30.8% during the 4th quarter. Summit Trail Advisors LLC now owns 26,977 shares of the credit-card processor’s stock valued at $8,526,000 after purchasing an additional 6,350 shares during the period. POM Investment Strategies LLC grew its position in shares of Visa by 48.5% in the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock worth $31,000 after buying an additional 32 shares during the last quarter. Pachira Investments Inc. purchased a new position in shares of Visa during the fourth quarter valued at approximately $219,000. Paladin Wealth LLC raised its holdings in shares of Visa by 39.9% during the fourth quarter. Paladin Wealth LLC now owns 3,851 shares of the credit-card processor’s stock valued at $1,217,000 after acquiring an additional 1,099 shares in the last quarter. Finally, Pineridge Advisors LLC lifted its stake in Visa by 20.6% in the fourth quarter. Pineridge Advisors LLC now owns 357 shares of the credit-card processor’s stock worth $113,000 after acquiring an additional 61 shares during the period. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insider Activity

In other Visa news, CAO Peter M. Andreski sold 2,332 shares of the business’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $349.62, for a total transaction of $815,313.84. Following the completion of the sale, the chief accounting officer now directly owns 4,488 shares in the company, valued at $1,569,094.56. The trade was a 34.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Paul D. Fabara sold 2,171 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total transaction of $668,602.87. Following the completion of the transaction, the insider now owns 17,894 shares in the company, valued at $5,510,815.18. This trade represents a 10.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 58,056 shares of company stock valued at $19,830,050 over the last three months. Insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on V shares. William Blair restated an “outperform” rating on shares of Visa in a report on Friday, January 31st. Seaport Res Ptn raised shares of Visa from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. JPMorgan Chase & Co. lifted their price objective on Visa from $340.00 to $375.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Raymond James reissued an “outperform” rating and issued a $393.00 target price (up previously from $374.00) on shares of Visa in a research report on Friday, January 31st. Finally, Susquehanna upped their price target on Visa from $375.00 to $395.00 and gave the stock a “positive” rating in a research note on Friday, January 31st. Four equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $354.73.

Visa Stock Performance

Shares of V opened at $351.43 on Thursday. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $352.12. The business’s fifty day simple moving average is $322.53 and its two-hundred day simple moving average is $297.52. 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 company has a market cap of $652.88 billion, a price-to-earnings ratio of 35.43, a P/E/G 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 EPS 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%. Research analysts anticipate that Visa Inc. will post 11.27 earnings per share for the current fiscal year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th will be paid a $0.59 dividend. The ex-dividend date is Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.67%. Visa’s dividend payout ratio is presently 23.79%.

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.