Visa Inc. (NYSE:V) Stock Holdings Decreased by CCLA Investment Management

CCLA Investment Management decreased its position in Visa Inc. (NYSE:V) by 5.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 544,994 shares of the credit-card processor’s stock after selling 28,878 shares during the period. Visa comprises about 2.7% of CCLA Investment Management’s investment portfolio, making the stock its 4th biggest holding. CCLA Investment Management’s holdings in Visa were worth $172,387,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in V. Edgestream Partners L.P. boosted its holdings in shares of Visa by 27.0% during the second quarter. Edgestream Partners L.P. now owns 9,860 shares of the credit-card processor’s stock worth $2,588,000 after purchasing an additional 2,096 shares during the period. Mutual of America Capital Management LLC lifted its position in Visa by 0.5% in the 2nd quarter. Mutual of America Capital Management LLC now owns 217,597 shares of the credit-card processor’s stock worth $57,113,000 after buying an additional 1,078 shares in the last quarter. Charles Lim Capital Ltd boosted its stake in shares of Visa by 225.0% during the 2nd quarter. Charles Lim Capital Ltd now owns 325,000 shares of the credit-card processor’s stock valued at $85,303,000 after buying an additional 225,000 shares during the period. Meridian Wealth Partners LLC grew its holdings in shares of Visa by 8.1% during the 2nd quarter. Meridian Wealth Partners LLC now owns 1,593 shares of the credit-card processor’s stock valued at $418,000 after acquiring an additional 119 shares in the last quarter. Finally, Lingotto Investment Management LLP increased its stake in shares of Visa by 11.2% in the second quarter. Lingotto Investment Management LLP now owns 32,348 shares of the credit-card processor’s stock worth $8,490,000 after acquiring an additional 3,253 shares during the last quarter. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on V shares. Monness Crespi & Hardt restated a “neutral” rating on shares of Visa in a research note on Tuesday, September 24th. Keefe, Bruyette & Woods boosted their price target on Visa from $335.00 to $360.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Visa from $300.00 to $340.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. BMO Capital Markets boosted their target price on shares of Visa from $310.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Finally, Piper Sandler increased their price target on shares of Visa from $319.00 to $322.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $331.92.

Visa Price Performance

Shares of V stock opened at $316.45 on Thursday. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $321.61. The company has a market capitalization of $589.51 billion, a P/E ratio of 32.52, a P/E/G ratio of 2.11 and a beta of 0.96. The stock has a 50 day moving average of $312.76 and a two-hundred day moving average of $287.65. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.55.

Visa (NYSE:V) last issued its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 EPS for the quarter, topping the consensus estimate of $2.58 by $0.13. The firm had revenue of $9.62 billion during the quarter, compared to analysts’ expectations of $9.49 billion. Visa had a return on equity of 53.16% and a net margin of 54.96%. Visa’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period last year, the business earned $2.33 earnings per share. As a group, equities analysts expect that Visa Inc. will post 11.23 EPS for the current year.

Visa Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Tuesday, November 12th were paid a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $2.36 dividend on an annualized basis and a yield of 0.75%. This is a boost from Visa’s previous quarterly dividend of $0.52. Visa’s payout ratio is presently 24.25%.

Insider Buying and Selling

In related news, insider Paul D. Fabara sold 2,171 shares of Visa stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $307.97, for a total transaction of $668,602.87. Following the completion of the transaction, the insider now directly owns 17,894 shares of the company’s stock, valued at $5,510,815.18. This trade represents a 10.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total transaction of $2,739,263.60. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

About Visa

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.