W.H. Cornerstone Investments Inc. Purchases 279 Shares of Visa Inc. $V

W.H. Cornerstone Investments Inc. increased its position in shares of Visa Inc. (NYSE:V) by 4.7% during the second quarter, HoldingsChannel.com reports. The firm owned 6,244 shares of the credit-card processor’s stock after buying an additional 279 shares during the period. Visa accounts for about 1.4% of W.H. Cornerstone Investments Inc.’s investment portfolio, making the stock its 17th largest holding. W.H. Cornerstone Investments Inc.’s holdings in Visa were worth $2,217,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in Visa by 14.5% in the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 455,183 shares of the credit-card processor’s stock valued at $159,523,000 after acquiring an additional 57,800 shares in the last quarter. Precedent Wealth Partners LLC increased its stake in Visa by 7.5% in the 2nd quarter. Precedent Wealth Partners LLC now owns 1,588 shares of the credit-card processor’s stock valued at $564,000 after buying an additional 111 shares during the last quarter. Consilium Wealth Advisory LLC bought a new stake in Visa during the 2nd quarter worth about $862,000. Iron Gate Global Advisors LLC lifted its position in Visa by 5.9% during the 1st quarter. Iron Gate Global Advisors LLC now owns 62,890 shares of the credit-card processor’s stock worth $22,040,000 after buying an additional 3,484 shares in the last quarter. Finally, NatWest Group plc boosted its stake in shares of Visa by 43.8% during the 2nd quarter. NatWest Group plc now owns 45,660 shares of the credit-card processor’s stock worth $16,212,000 after buying an additional 13,912 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Visa

In other news, Director Lloyd Carney sold 900 shares of Visa stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $336.48, for a total transaction of $302,832.00. Following the completion of the sale, the director owned 2,468 shares of the company’s stock, valued at approximately $830,432.64. This trade represents a 26.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of the business’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $344.02, for a total transaction of $697,328.54. Following the completion of the sale, the general counsel directly owned 11,925 shares of the company’s stock, valued at approximately $4,102,438.50. The trade was a 14.53% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 23,897 shares of company stock worth $8,164,561 in the last ninety days. 0.13% of the stock is owned by company insiders.

Visa Stock Performance

NYSE V opened at $335.76 on Friday. The stock has a market cap of $615.37 billion, a PE ratio of 32.89, a P/E/G ratio of 2.05 and a beta of 0.87. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.08 and a current ratio of 1.08. The firm has a 50-day moving average of $342.43 and a 200-day moving average of $348.69. Visa Inc. has a 52-week low of $299.00 and a 52-week high of $375.51.

Visa (NYSE:V) last released its quarterly earnings results on Tuesday, October 28th. The credit-card processor reported $2.98 earnings per share for the quarter, beating the consensus estimate of $2.97 by $0.01. The firm had revenue of $10.72 billion for the quarter, compared to analysts’ expectations of $10.60 billion. Visa had a net margin of 50.15% and a return on equity of 60.31%. The business’s revenue was up 11.5% on a year-over-year basis. During the same period in the prior year, the firm earned $2.71 EPS. On average, sell-side analysts anticipate that Visa Inc. will post 11.3 EPS for the current year.

Visa Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Wednesday, November 12th will be issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Wednesday, November 12th. This is an increase from Visa’s previous quarterly dividend of $0.59. Visa’s payout ratio is 26.25%.

Analyst Ratings Changes

A number of analysts recently issued reports on V shares. Citigroup raised Visa to a “strong-buy” rating in a research report on Thursday, October 23rd. Morgan Stanley set a $398.00 price target on Visa and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Weiss Ratings reissued a “buy (b)” rating on shares of Visa in a research note on Wednesday, October 8th. UBS Group set a $425.00 price target on shares of Visa and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $408.00 price objective (up previously from $398.00) on shares of Visa in a research report on Wednesday, October 29th. Four analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, Visa currently has an average rating of “Moderate Buy” and a consensus target price of $400.00.

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.