KLCM Advisors Inc. Has $1.23 Million Position in Visa Inc. (NYSE:V)

KLCM Advisors Inc. boosted its position in Visa Inc. (NYSE:V) by 3.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 3,881 shares of the credit-card processor’s stock after purchasing an additional 144 shares during the quarter. KLCM Advisors Inc.’s holdings in Visa were worth $1,227,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Riverstone Advisors LLC bought a new position in shares of Visa in the 4th quarter valued at about $217,000. Custom Index Systems LLC acquired a new position in Visa during the third quarter valued at approximately $731,000. Journey Strategic Wealth LLC boosted its position in Visa by 16.4% during the fourth quarter. Journey Strategic Wealth LLC now owns 9,678 shares of the credit-card processor’s stock valued at $3,058,000 after purchasing an additional 1,361 shares during the last quarter. Copley Financial Group Inc. bought a new position in Visa in the third quarter valued at approximately $616,000. Finally, Calamos Wealth Management LLC increased its position in shares of Visa by 0.6% during the 4th quarter. Calamos Wealth Management LLC now owns 77,443 shares of the credit-card processor’s stock worth $24,475,000 after purchasing an additional 435 shares during the last quarter. Institutional investors own 82.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on V shares. Royal Bank of Canada raised their target price on shares of Visa from $311.00 to $322.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. lifted their price objective on shares of Visa from $340.00 to $375.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Susquehanna upped their target price on shares of Visa from $375.00 to $395.00 and gave the company a “positive” rating in a report on Friday, January 31st. BMO Capital Markets lifted their price target on Visa from $310.00 to $320.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Visa from $300.00 to $340.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Four analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $354.73.

Insider Buying and Selling

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 value of $11,801,589.57. Following the sale, the insider now directly owns 36,566 shares of the company’s stock, valued at $12,789,689.82. This trade represents a 47.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, General Counsel Julie B. Rottenberg sold 2,572 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $340.00, for a total value of $874,480.00. Following the transaction, the general counsel now directly owns 11,925 shares of the company’s stock, valued at approximately $4,054,500. The trade was a 17.74 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 58,056 shares of company stock worth $19,830,050. Corporate insiders own 0.13% of the company’s stock.

Visa Price Performance

Visa stock opened at $354.95 on Thursday. The firm has a market cap of $659.42 billion, a PE ratio of 35.78, a price-to-earnings-growth ratio of 2.35 and a beta of 0.97. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. The stock’s fifty day moving average price is $327.75 and its two-hundred day moving average price is $301.05. Visa Inc. has a one year low of $252.70 and a one year high of $357.15.

Visa (NYSE:V) last issued its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, topping analysts’ consensus estimates 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 expect that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th will be issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date is Tuesday, February 11th. Visa’s dividend payout ratio (DPR) is presently 23.79%.

Visa Company 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.