Johnson & White Wealth Management LLC Buys Shares of 904 Visa Inc. (NYSE:V)

Johnson & White Wealth Management LLC acquired a new position in Visa Inc. (NYSE:V) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 904 shares of the credit-card processor’s stock, valued at approximately $235,000.

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

Visa Price Performance

NYSE:V traded down $0.61 during mid-day trading on Tuesday, hitting $280.60. 8,721,305 shares of the company’s stock traded hands, compared to its average volume of 5,654,746. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.45 and a current ratio of 1.45. The firm’s 50 day simple moving average is $278.20 and its 200 day simple moving average is $258.03. Visa Inc. has a 1 year low of $216.14 and a 1 year high of $290.96. The company has a market cap of $515.32 billion, a PE ratio of 32.37, a price-to-earnings-growth ratio of 1.95 and a beta of 0.96.

Visa (NYSE:V) last issued its quarterly earnings results on Thursday, January 25th. The credit-card processor reported $2.41 EPS for the quarter, topping analysts’ consensus estimates of $2.34 by $0.07. The business had revenue of $8.63 billion during the quarter, compared to the consensus estimate of $8.55 billion. Visa had a net margin of 53.92% and a return on equity of 50.02%. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.18 earnings per share. Sell-side analysts expect that Visa Inc. will post 9.9 EPS for the current year.

Visa Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 9th were issued a dividend of $0.52 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.74%. Visa’s dividend payout ratio (DPR) is presently 23.94%.

Insider Transactions at Visa

In other news, CAO Peter M. Andreski sold 2,615 shares of Visa stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total transaction of $729,271.20. Following the completion of the sale, the chief accounting officer now directly owns 4,898 shares in the company, valued at $1,365,954.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Ryan Mcinerney sold 8,150 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total value of $2,228,128.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Peter M. Andreski sold 2,615 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total transaction of $729,271.20. Following the completion of the sale, the chief accounting officer now directly owns 4,898 shares in the company, valued at $1,365,954.24. The disclosure for this sale can be found here. Insiders sold a total of 47,311 shares of company stock worth $12,832,129 over the last ninety days. 0.19% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on V. KeyCorp increased their price objective on shares of Visa from $275.00 to $300.00 and gave the company an “overweight” rating in a research report on Monday, January 8th. Raymond James increased their price objective on shares of Visa from $287.00 to $311.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. Wedbush increased their price objective on shares of Visa from $270.00 to $280.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. Evercore ISI increased their price objective on shares of Visa from $325.00 to $335.00 and gave the company an “outperform” rating in a research report on Tuesday. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Visa from $305.00 to $315.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. Four equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Visa currently has an average rating of “Moderate Buy” and a consensus price target of $295.29.

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.