Copperleaf Capital LLC Raises Holdings in Visa Inc. (NYSE:V)

Copperleaf Capital LLC increased its position in Visa Inc. (NYSE:V) by 17.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 5,556 shares of the credit-card processor’s stock after purchasing an additional 807 shares during the period. Visa accounts for about 1.1% of Copperleaf Capital LLC’s holdings, making the stock its 26th biggest holding. Copperleaf Capital LLC’s holdings in Visa were worth $1,756,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in V. VeraBank N.A. increased its holdings in shares of Visa by 3.1% in the 4th quarter. VeraBank N.A. now owns 1,579 shares of the credit-card processor’s stock valued at $499,000 after acquiring an additional 48 shares during the period. Secured Retirement Advisors LLC grew its position in Visa by 4.9% during the 4th quarter. Secured Retirement Advisors LLC now owns 7,337 shares of the credit-card processor’s stock worth $2,319,000 after purchasing an additional 344 shares during the last quarter. Strategic Financial Concepts LLC increased its stake in Visa by 112.0% in the fourth quarter. Strategic Financial Concepts LLC now owns 3,398 shares of the credit-card processor’s stock valued at $1,074,000 after purchasing an additional 1,795 shares during the period. Allworth Financial LP raised its holdings in shares of Visa by 79.1% in the fourth quarter. Allworth Financial LP now owns 114,587 shares of the credit-card processor’s stock valued at $37,076,000 after buying an additional 50,614 shares during the last quarter. Finally, Principal Securities Inc. boosted its stake in shares of Visa by 5.6% during the fourth quarter. Principal Securities Inc. now owns 68,959 shares of the credit-card processor’s stock worth $21,794,000 after buying an additional 3,659 shares during the period. 82.15% of the stock is owned by institutional investors and hedge funds.

Visa Price Performance

V stock opened at $356.04 on Wednesday. The stock’s 50 day moving average price is $326.05 and its 200 day moving average price is $300.04. The firm has a market cap of $661.45 billion, a P/E ratio of 35.89, a PEG ratio of 2.32 and a beta of 0.97. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.28 and a current ratio of 1.12. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $356.74.

Visa (NYSE:V) last issued its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (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%. On average, sell-side analysts expect that Visa Inc. will post 11.27 earnings per share for the current fiscal year.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th will be paid a dividend of $0.59 per share. The ex-dividend date is Tuesday, February 11th. This represents a $2.36 annualized dividend and a dividend yield of 0.66%. Visa’s dividend payout ratio is currently 23.79%.

Insider Transactions at Visa

In related news, insider Tullier Kelly Mahon sold 33,741 shares of the stock in a transaction dated 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 transaction, the insider now directly owns 36,566 shares in the company, valued at approximately $12,789,689.82. This represents a 47.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,572 shares of Visa stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $340.00, for a total value of $874,480.00. Following the completion of the sale, the general counsel now owns 11,925 shares of the company’s stock, valued at $4,054,500. This trade represents a 17.74 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 58,056 shares of company stock worth $19,830,050 over the last ninety days. 0.13% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on V shares. Jefferies Financial Group boosted their price target on Visa from $320.00 to $330.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Keefe, Bruyette & Woods upped their price target on Visa from $360.00 to $400.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Raymond James reiterated an “outperform” rating and issued a $393.00 price objective (up from $374.00) on shares of Visa in a research report on Friday, January 31st. Barclays boosted their price objective on shares of Visa from $361.00 to $396.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Finally, Morgan Stanley raised their target price on shares of Visa from $326.00 to $371.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Four research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $354.73.

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.