Mountain Hill Investment Partners Corp. Acquires New Position in Visa Inc. (NYSE:V)

Mountain Hill Investment Partners Corp. bought a new position in shares of Visa Inc. (NYSE:V) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 150 shares of the credit-card processor’s stock, valued at approximately $47,000.

Other large investors have also recently modified their holdings of the company. Riverstone Advisors LLC acquired a new stake in Visa in the fourth quarter valued at approximately $217,000. Journey Strategic Wealth LLC increased its holdings in shares of Visa by 16.4% during the fourth quarter. Journey Strategic Wealth LLC now owns 9,678 shares of the credit-card processor’s stock worth $3,058,000 after buying an additional 1,361 shares in the last quarter. King Wealth Management Group lifted its stake in shares of Visa by 9.0% in the 4th quarter. King Wealth Management Group now owns 74,874 shares of the credit-card processor’s stock valued at $23,663,000 after acquiring an additional 6,172 shares during the last quarter. Generali Investments CEE investicni spolecnost a.s. acquired a new stake in shares of Visa during the 4th quarter valued at $10,163,000. Finally, Copley Financial Group Inc. bought a new stake in Visa during the 3rd quarter worth $616,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Trading Down 0.9 %

NYSE:V opened at $336.51 on Monday. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $366.54. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $625.15 billion, a price-to-earnings ratio of 33.92, a PEG ratio of 2.33 and a beta of 0.95. The firm has a fifty day simple moving average of $340.48 and a two-hundred day simple moving average of $313.29.

Visa (NYSE:V) last issued its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, beating the consensus estimate of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. Analysts expect that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were issued a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 annualized dividend and a dividend yield of 0.70%. Visa’s dividend payout ratio is 23.79%.

Wall Street Analysts Forecast Growth

V has been the subject of several research reports. William Blair reiterated an “outperform” rating on shares of Visa in a research report on Friday, January 31st. Seaport Res Ptn upgraded shares of Visa from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Raymond James reissued an “outperform” rating and set a $393.00 target price (up from $374.00) on shares of Visa in a report on Friday, January 31st. Susquehanna reaffirmed a “positive” rating on shares of Visa in a research note on Friday. Finally, UBS Group boosted their price objective on shares of Visa from $350.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Six analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $353.96.

Insider Transactions at Visa

In other news, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total transaction of $2,739,263.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Paul D. Fabara sold 39,350 shares of the firm’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $327.20, for a total transaction of $12,875,320.00. Following the completion of the transaction, the insider now directly owns 26,413 shares in the company, valued at approximately $8,642,333.60. The trade was a 59.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 143,205 shares of company stock valued at $48,560,961 over the last ninety days. 0.13% of the stock is owned by company insiders.

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.