Visa Inc. (NYSE:V) Shares Acquired by Midwest Professional Planners LTD.

Midwest Professional Planners LTD. increased its holdings in Visa Inc. (NYSE:VGet Rating) by 2.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,874 shares of the credit-card processor’s stock after acquiring an additional 107 shares during the quarter. Midwest Professional Planners LTD.’s holdings in Visa were worth $1,056,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in V. Osher Van de Voorde Investment Management increased its stake in Visa by 39.1% in the 4th quarter. Osher Van de Voorde Investment Management now owns 82,595 shares of the credit-card processor’s stock valued at $17,899,000 after buying an additional 23,229 shares during the period. Naya Capital Management UK Ltd. acquired a new position in Visa in the 3rd quarter valued at $77,351,000. Laidlaw Wealth Management LLC increased its stake in Visa by 9.9% in the 3rd quarter. Laidlaw Wealth Management LLC now owns 20,749 shares of the credit-card processor’s stock valued at $4,622,000 after buying an additional 1,866 shares during the period. Gradient Investments LLC increased its stake in Visa by 21.5% in the 4th quarter. Gradient Investments LLC now owns 82,912 shares of the credit-card processor’s stock valued at $17,968,000 after buying an additional 14,674 shares during the period. Finally, Field & Main Bank increased its stake in Visa by 1.6% in the 4th quarter. Field & Main Bank now owns 16,144 shares of the credit-card processor’s stock valued at $3,498,000 after buying an additional 260 shares during the period. 80.77% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have commented on the stock. Cowen decreased their target price on shares of Visa from $276.00 to $254.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 27th. Wedbush boosted their price objective on shares of Visa from $240.00 to $270.00 and gave the stock an “outperform” rating in a research report on Friday, January 28th. Credit Suisse Group boosted their price objective on shares of Visa from $260.00 to $265.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 27th. Citigroup decreased their price objective on shares of Visa from $285.00 to $265.00 in a research report on Monday, April 25th. Finally, Barclays decreased their price objective on shares of Visa from $265.00 to $260.00 and set an “overweight” rating on the stock in a research report on Monday, April 4th. Six research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $265.24.

In other news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the firm’s stock in a transaction on Monday, February 28th. The stock was sold at an average price of $216.00, for a total transaction of $1,944,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Robert W. Matschullat sold 1,114 shares of the firm’s stock in a transaction on Wednesday, March 16th. The shares were sold at an average price of $210.94, for a total value of $234,987.16. The disclosure for this sale can be found here. Insiders sold 41,047 shares of company stock worth $9,030,622 over the last ninety days. 0.21% of the stock is owned by corporate insiders.

V traded up $5.26 during trading hours on Friday, hitting $199.23. 6,684,482 shares of the stock were exchanged, compared to its average volume of 7,992,791. The stock has a 50-day simple moving average of $211.67 and a 200-day simple moving average of $212.88. Visa Inc. has a 12 month low of $186.67 and a 12 month high of $252.67. The stock has a market cap of $378.79 billion, a price-to-earnings ratio of 31.33, a price-to-earnings-growth ratio of 1.68 and a beta of 0.90. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.29 and a quick ratio of 1.29.

Visa (NYSE:VGet Rating) last announced its quarterly earnings data on Tuesday, April 26th. The credit-card processor reported $1.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.14. Visa had a return on equity of 42.89% and a net margin of 51.10%. The firm had revenue of $7.19 billion for the quarter, compared to analysts’ expectations of $6.82 billion. During the same period last year, the business posted $1.38 earnings per share. The firm’s revenue for the quarter was up 25.5% on a year-over-year basis. Sell-side analysts expect that Visa Inc. will post 7.14 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 1st. Shareholders of record on Friday, May 13th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend is Thursday, May 12th. Visa’s dividend payout ratio is presently 23.58%.

About Visa (Get Rating)

Visa Inc operates as a payments technology company worldwide. The company facilitates digital payments among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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