Visa Inc. (NYSE:V) Stock Holdings Increased by Bowen Hanes & Co. Inc.

Bowen Hanes & Co. Inc. increased its stake in shares of Visa Inc. (NYSE:V) by 0.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 221,040 shares of the credit-card processor’s stock after purchasing an additional 52 shares during the quarter. Visa makes up approximately 1.9% of Bowen Hanes & Co. Inc.’s portfolio, making the stock its 19th largest position. Bowen Hanes & Co. Inc.’s holdings in Visa were worth $69,857,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Peterson Financial Group Inc. bought a new stake in shares of Visa in the 3rd quarter valued at approximately $26,000. Decker Retirement Planning Inc. bought a new stake in Visa in the fourth quarter worth approximately $26,000. Bradley & Co. Private Wealth Management LLC bought a new stake in Visa in the fourth quarter worth approximately $27,000. POM Investment Strategies LLC increased its stake in shares of Visa by 48.5% during the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock worth $31,000 after purchasing an additional 32 shares during the last quarter. Finally, Modus Advisors LLC bought a new position in shares of Visa during the 4th quarter valued at $32,000. 82.15% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction 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 document filed with the SEC, which is available at this link. Also, General Counsel Julie B. Rottenberg sold 2,572 shares of the firm’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $340.00, for a total value of $874,480.00. Following the completion of the sale, the general counsel now owns 11,925 shares of the company’s stock, valued at approximately $4,054,500. This trade represents a 17.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 64,505 shares of company stock worth $22,290,507. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on V. Bank of America increased their target price on shares of Visa from $331.00 to $363.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Raymond James reissued an “outperform” rating and set a $393.00 price objective (up previously from $374.00) on shares of Visa in a report on Friday, January 31st. Keefe, Bruyette & Woods restated a “hold” rating on shares of Visa in a report on Thursday, February 13th. William Blair reaffirmed an “outperform” rating on shares of Visa in a research report on Friday, January 31st. Finally, Barclays lifted their price target on shares of Visa from $361.00 to $396.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Seven equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Visa has an average rating of “Moderate Buy” and an average target price of $353.96.

Visa Stock Performance

NYSE:V opened at $333.01 on Thursday. The firm has a market capitalization of $618.66 billion, a PE ratio of 33.57, 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 12-month low of $252.70 and a 12-month high of $366.54. The firm has a 50-day moving average price of $337.35 and a 200 day moving average price of $310.05.

Visa (NYSE:V) last issued its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (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%. Research analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were issued a dividend of $0.59 per share. The ex-dividend date was Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.71%. Visa’s payout ratio is presently 23.79%.

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.