Willis Johnson & Associates Inc. Buys 185 Shares of Visa Inc. (NYSE:V)

Willis Johnson & Associates Inc. increased its stake in shares of Visa Inc. (NYSE:V) by 17.9% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,221 shares of the credit-card processor’s stock after acquiring an additional 185 shares during the period. Willis Johnson & Associates Inc.’s holdings in Visa were worth $341,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Rainsberger Wealth Advisors Inc. raised its stake in Visa by 3.3% in the third quarter. Rainsberger Wealth Advisors Inc. now owns 4,231 shares of the credit-card processor’s stock valued at $973,000 after buying an additional 134 shares during the period. Industrial Alliance Investment Management Inc. raised its stake in Visa by 2,712.4% in the third quarter. Industrial Alliance Investment Management Inc. now owns 5,006 shares of the credit-card processor’s stock valued at $1,151,000 after buying an additional 4,828 shares during the period. Cito Capital Group LLC grew its position in shares of Visa by 0.8% in the third quarter. Cito Capital Group LLC now owns 17,838 shares of the credit-card processor’s stock valued at $4,103,000 after purchasing an additional 150 shares during the last quarter. KB Financial Partners LLC grew its position in shares of Visa by 0.4% in the third quarter. KB Financial Partners LLC now owns 12,887 shares of the credit-card processor’s stock valued at $2,964,000 after purchasing an additional 56 shares during the last quarter. Finally, Tenere Capital LLC grew its position in shares of Visa by 22.4% in the third quarter. Tenere Capital LLC now owns 56,167 shares of the credit-card processor’s stock valued at $12,919,000 after purchasing an additional 10,280 shares during the last quarter. Institutional investors own 82.15% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Citigroup upped their target price on Visa from $314.00 to $321.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Macquarie increased their price target on Visa from $290.00 to $300.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Evercore ISI reduced their price target on Visa from $335.00 to $330.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 25th. Wells Fargo & Company increased their price target on Visa from $300.00 to $325.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. Finally, Oppenheimer increased their price target on Visa from $297.00 to $299.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Five investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $303.56.

Visa Stock Up 0.3 %

V stock traded up $0.76 during mid-day trading on Thursday, reaching $268.99. 5,017,760 shares of the company traded hands, compared to its average volume of 9,395,944. The stock has a market cap of $491.97 billion, a price-to-earnings ratio of 30.05, a P/E/G ratio of 1.84 and a beta of 0.95. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.53. Visa Inc. has a fifty-two week low of $227.68 and a fifty-two week high of $290.96. The firm’s 50 day moving average price is $273.45 and its 200 day moving average price is $273.65.

Visa (NYSE:V) last released its quarterly earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.43 by $0.08. Visa had a return on equity of 51.23% and a net margin of 53.87%. The business had revenue of $8.78 billion during the quarter, compared to the consensus estimate of $8.62 billion. During the same quarter in the previous year, the business earned $2.09 EPS. The company’s quarterly revenue was up 9.9% on a year-over-year basis. As a group, equities research analysts predict that Visa Inc. will post 9.94 EPS for the current fiscal year.

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Friday, May 17th were given a dividend of $0.52 per share. The ex-dividend date was Thursday, May 16th. This represents a $2.08 annualized dividend and a dividend yield of 0.77%. Visa’s dividend payout ratio is currently 23.24%.

Insiders Place Their Bets

In related news, insider Paul D. Fabara sold 25,293 shares of Visa stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $277.15, for a total value of $7,009,954.95. Following the sale, the insider now owns 17,894 shares of the company’s stock, valued at approximately $4,959,322.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Visa news, Director Lloyd Carney sold 909 shares of the business’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $275.55, for a total transaction of $250,474.95. Following the sale, the director now owns 2,591 shares of the company’s stock, valued at approximately $713,950.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Paul D. Fabara sold 25,293 shares of the business’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $277.15, for a total transaction of $7,009,954.95. Following the sale, the insider now directly owns 17,894 shares in the company, valued at approximately $4,959,322.10. The disclosure for this sale can be found here. Insiders own 0.19% of the company’s stock.

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.