RNC Capital Management LLC Raises Stock Holdings in Visa Inc. (NYSE:V)

RNC Capital Management LLC lifted its stake in Visa Inc. (NYSE:V) by 0.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,558 shares of the credit-card processor’s stock after buying an additional 69 shares during the quarter. RNC Capital Management LLC’s holdings in Visa were worth $10,289,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Peterson Financial Group Inc. purchased a new position in shares of Visa in the third quarter valued at about $26,000. Decker Retirement Planning Inc. bought a new stake in Visa during the 4th quarter valued at approximately $26,000. Reston Wealth Management LLC purchased a new position in Visa in the 3rd quarter worth approximately $31,000. Modus Advisors LLC bought a new position in Visa in the 4th quarter worth approximately $32,000. Finally, Sugar Maple Asset Management LLC purchased a new stake in Visa during the 4th quarter valued at approximately $44,000. 82.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. The Goldman Sachs Group boosted their target price on shares of Visa from $346.00 to $384.00 and gave the stock a “buy” rating in a report on Friday, January 31st. William Blair reissued an “outperform” rating on shares of Visa in a report on Friday, January 31st. Royal Bank of Canada raised their price objective on Visa from $311.00 to $322.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Citigroup boosted their target price on Visa from $354.00 to $393.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Finally, Macquarie upped their price objective on Visa from $300.00 to $335.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $354.73.

Visa Stock Performance

Shares of Visa stock opened at $348.26 on Monday. The company has a quick ratio of 1.28, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The stock’s fifty day moving average is $321.08 and its two-hundred day moving average is $295.90. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $351.25. The company has a market capitalization of $647.00 billion, a PE ratio of 35.11, a price-to-earnings-growth ratio of 2.32 and a beta of 0.97.

Visa (NYSE:V) last posted its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. As a group, analysts expect that Visa Inc. will post 11.27 earnings per share for the current year.

Visa Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend is Tuesday, February 11th. Visa’s dividend payout ratio (DPR) is presently 23.79%.

Insider Activity

In other news, insider Paul D. Fabara sold 2,171 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total transaction of $668,602.87. Following the transaction, the insider now directly owns 17,894 shares in the company, valued at approximately $5,510,815.18. This trade represents a 10.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Tullier Kelly Mahon sold 33,741 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the completion of the transaction, the insider now directly owns 36,566 shares of the company’s stock, valued at $12,789,689.82. This trade represents a 47.99 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 58,056 shares of company stock valued at $19,830,050. Corporate insiders own 0.13% of the company’s stock.

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.