Thomas Story & Son LLC Buys 103 Shares of Visa Inc. (NYSE:V)

Thomas Story & Son LLC lifted its stake in shares of Visa Inc. (NYSE:V) by 0.2% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 56,324 shares of the credit-card processor’s stock after purchasing an additional 103 shares during the quarter. Visa accounts for approximately 6.3% of Thomas Story & Son LLC’s investment portfolio, making the stock its 3rd biggest holding. Thomas Story & Son LLC’s holdings in Visa were worth $15,486,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. WFA Asset Management Corp increased its stake in shares of Visa by 4.6% in the first quarter. WFA Asset Management Corp now owns 2,263 shares of the credit-card processor’s stock worth $632,000 after acquiring an additional 100 shares during the period. China Universal Asset Management Co. Ltd. grew its position in Visa by 46.9% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 50,328 shares of the credit-card processor’s stock worth $14,046,000 after purchasing an additional 16,078 shares during the period. Empowered Funds LLC raised its stake in shares of Visa by 16.0% during the 1st quarter. Empowered Funds LLC now owns 58,506 shares of the credit-card processor’s stock valued at $16,328,000 after buying an additional 8,086 shares during the last quarter. Primoris Wealth Advisors LLC lifted its holdings in shares of Visa by 2.2% in the 1st quarter. Primoris Wealth Advisors LLC now owns 2,598 shares of the credit-card processor’s stock valued at $723,000 after buying an additional 55 shares during the period. Finally, TCI Wealth Advisors Inc. boosted its stake in shares of Visa by 4.0% in the first quarter. TCI Wealth Advisors Inc. now owns 5,312 shares of the credit-card processor’s stock worth $1,482,000 after buying an additional 205 shares during the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $276.37, for a total value of $2,382,309.40. Following the sale, the chief executive officer now directly owns 538 shares of the company’s stock, valued at approximately $148,687.06. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.19% of the company’s stock.

Wall Street Analysts Forecast Growth

V has been the subject of a number of analyst reports. Royal Bank of Canada boosted their price target on Visa from $311.00 to $322.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. BNP Paribas upgraded shares of Visa from a “neutral” rating to an “outperform” rating and set a $325.00 target price for the company in a research note on Tuesday, September 3rd. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $317.00 price objective on shares of Visa in a report on Thursday, September 12th. Robert W. Baird increased their target price on shares of Visa from $330.00 to $340.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Finally, Keefe, Bruyette & Woods upgraded Visa from a “moderate buy” rating to a “strong-buy” rating in a research report on Tuesday, September 24th. Four research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Visa presently has an average rating of “Moderate Buy” and a consensus price target of $321.74.

Visa Price Performance

Shares of V stock opened at $307.87 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.28 and a quick ratio of 1.37. The company has a market capitalization of $561.03 billion, a PE ratio of 31.64, a price-to-earnings-growth ratio of 2.06 and a beta of 0.95. The firm’s 50-day moving average is $283.95 and its two-hundred day moving average is $274.67. Visa Inc. has a 12 month low of $240.97 and a 12 month high of $311.15.

Visa (NYSE:V) last released its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 EPS for the quarter, beating the consensus estimate of $2.58 by $0.13. The firm had revenue of $9.62 billion for the quarter, compared to analyst estimates of $9.49 billion. Visa had a net margin of 54.96% and a return on equity of 53.16%. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.33 EPS. Analysts predict that Visa Inc. will post 11.18 earnings per share for the current year.

Visa Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th will be issued a dividend of $0.59 per share. The ex-dividend date is Tuesday, November 12th. This is a boost from Visa’s previous quarterly dividend of $0.52. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.77%. Visa’s dividend payout ratio is currently 21.38%.

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.