M. Kulyk & Associates LLC Has $15.48 Million Position in Visa Inc. $V

M. Kulyk & Associates LLC lifted its holdings in Visa Inc. (NYSE:V) by 21.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,127 shares of the credit-card processor’s stock after purchasing an additional 7,773 shares during the quarter. Visa accounts for about 3.0% of M. Kulyk & Associates LLC’s investment portfolio, making the stock its 9th biggest holding. M. Kulyk & Associates LLC’s holdings in Visa were worth $15,476,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of V. Capital World Investors raised its position in Visa by 0.8% in the 3rd quarter. Capital World Investors now owns 24,792,246 shares of the credit-card processor’s stock worth $8,463,484,000 after buying an additional 193,288 shares during the last quarter. Norges Bank bought a new position in Visa during the 2nd quarter valued at about $7,034,939,000. TCI Fund Management Ltd. boosted its holdings in shares of Visa by 14.6% during the 2nd quarter. TCI Fund Management Ltd. now owns 19,067,558 shares of the credit-card processor’s stock valued at $6,769,936,000 after acquiring an additional 2,429,996 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of Visa by 4.2% in the third quarter. Ameriprise Financial Inc. now owns 13,114,674 shares of the credit-card processor’s stock worth $4,475,403,000 after acquiring an additional 530,995 shares during the period. Finally, Legal & General Group Plc grew its stake in shares of Visa by 3.3% in the third quarter. Legal & General Group Plc now owns 12,458,913 shares of the credit-card processor’s stock worth $4,253,224,000 after acquiring an additional 399,845 shares during the period. 82.15% of the stock is owned by institutional investors.

Insider Buying and Selling at Visa

In other Visa news, Director Lloyd Carney sold 650 shares of the business’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $309.62, for a total transaction of $201,253.00. Following the completion of the sale, the director owned 2,679 shares of the company’s stock, valued at approximately $829,471.98. The trade was a 19.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Ryan Mcinerney sold 10,485 shares of the company’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $349.18, for a total value of $3,661,152.30. Following the completion of the sale, the chief executive officer owned 9,401 shares of the company’s stock, valued at approximately $3,282,641.18. The trade was a 52.73% decrease in their position. The SEC filing for this sale provides additional information. 0.12% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Daiwa Securities Group upgraded shares of Visa from a “neutral” rating to an “outperform” rating and set a $370.00 price objective on the stock in a research report on Monday, February 2nd. TD Cowen reaffirmed a “buy” rating on shares of Visa in a research report on Friday, January 30th. Bank of America assumed coverage on shares of Visa in a research note on Thursday, March 5th. They set a “buy” rating and a $410.00 target price for the company. Truist Financial set a $372.00 price target on Visa in a report on Tuesday, February 10th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Visa in a report on Wednesday, January 21st. Seven analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $392.65.

Visa Stock Up 1.1%

Shares of V stock opened at $304.83 on Tuesday. Visa Inc. has a 12 month low of $297.03 and a 12 month high of $375.51. The stock has a market cap of $553.31 billion, a P/E ratio of 28.60, a P/E/G ratio of 1.73 and a beta of 0.78. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.51. The company has a 50 day simple moving average of $319.73 and a two-hundred day simple moving average of $333.93.

Visa (NYSE:V) last issued its quarterly earnings results on Thursday, January 29th. The credit-card processor reported $3.17 earnings per share for the quarter, topping the consensus estimate of $3.14 by $0.03. Visa had a net margin of 50.23% and a return on equity of 61.74%. The business had revenue of $10.90 billion for the quarter, compared to analysts’ expectations of $10.69 billion. During the same quarter last year, the company posted $2.75 EPS. The company’s revenue was up 14.6% compared to the same quarter last year. On average, research analysts expect that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Tuesday, February 10th were issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Tuesday, February 10th. Visa’s dividend payout ratio (DPR) is currently 25.14%.

Visa Profile

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.