Milestone Asset Management LLC Buys 53 Shares of Visa Inc. (NYSE:V)

Milestone Asset Management LLC lifted its stake in shares of Visa Inc. (NYSE:V) by 2.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,272 shares of the credit-card processor’s stock after acquiring an additional 53 shares during the quarter. Milestone Asset Management LLC’s holdings in Visa were worth $592,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. BCK Partners Inc. bought a new position in Visa in the 1st quarter worth approximately $2,717,000. Markel Corp boosted its stake in Visa by 0.3% in the 1st quarter. Markel Corp now owns 961,105 shares of the credit-card processor’s stock worth $213,144,000 after purchasing an additional 3,065 shares during the period. AMI Investment Management Inc. bought a new position in Visa in the 1st quarter worth approximately $2,323,000. Ergoteles LLC bought a new position in Visa in the 1st quarter worth approximately $538,000. Finally, XTX Topco Ltd bought a new position in Visa in the 1st quarter worth approximately $1,496,000. 82.15% of the stock is currently owned by institutional investors.

Visa Stock Performance

V stock opened at $274.00 on Friday. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.54. The business’s fifty day simple moving average is $279.90 and its two-hundred day simple moving average is $259.92. Visa Inc. has a twelve month low of $216.14 and a twelve month high of $290.96. The firm has a market cap of $503.20 billion, a price-to-earnings ratio of 31.53, a PEG ratio of 1.91 and a beta of 0.96.

Visa (NYSE:V) last released its earnings results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share for the quarter, topping analysts’ consensus estimates of $2.34 by $0.07. Visa had a return on equity of 50.02% and a net margin of 53.92%. The business had revenue of $8.63 billion for the quarter, compared to analyst estimates of $8.55 billion. During the same quarter last year, the firm posted $2.18 earnings per share. The business’s revenue was up 9.3% compared to the same quarter last year. Analysts predict that Visa Inc. will post 9.89 earnings per share for the current year.

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 9th were paid a $0.52 dividend. The ex-dividend date was Thursday, February 8th. This represents a $2.08 dividend on an annualized basis and a yield of 0.76%. Visa’s payout ratio is 23.94%.

Insiders Place Their Bets

In other news, CEO Ryan Mcinerney sold 8,200 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the transaction, the chief executive officer now owns 538 shares of the company’s stock, valued at approximately $150,833.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Ryan Mcinerney sold 8,200 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the transaction, the chief executive officer now owns 538 shares of the company’s stock, valued at approximately $150,833.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Rajat Taneja sold 36,546 shares of the stock in a transaction on Friday, January 19th. The stock was sold at an average price of $270.20, for a total value of $9,874,729.20. Following the transaction, the insider now directly owns 232,112 shares in the company, valued at approximately $62,716,662.40. The disclosure for this sale can be found here. Insiders have sold a total of 55,511 shares of company stock worth $15,131,081 over the last quarter. Company insiders own 0.19% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on V shares. Barclays upped their price target on Visa from $304.00 to $319.00 and gave the stock an “overweight” rating in a research note on Monday, January 29th. Redburn Atlantic reaffirmed a “neutral” rating and set a $307.00 price objective on shares of Visa in a report on Wednesday, March 27th. Wedbush upped their price objective on Visa from $270.00 to $280.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Royal Bank of Canada upped their price objective on Visa from $290.00 to $309.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Finally, Evercore ISI upped their price objective on Visa from $325.00 to $335.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. Five investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $295.82.

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.