Donaldson Capital Management LLC Decreases Stock Position in Visa Inc. (NYSE:V)

Donaldson Capital Management LLC lowered its stake in Visa Inc. (NYSE:V) by 0.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,931 shares of the credit-card processor’s stock after selling 188 shares during the quarter. Donaldson Capital Management LLC’s holdings in Visa were worth $11,988,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Swedbank AB raised its position in shares of Visa by 10.7% during the 3rd quarter. Swedbank AB now owns 2,059,111 shares of the credit-card processor’s stock valued at $566,153,000 after buying an additional 199,440 shares in the last quarter. Howard Capital Management Group LLC raised its position in Visa by 0.6% in the 3rd quarter. Howard Capital Management Group LLC now owns 106,355 shares of the credit-card processor’s stock worth $29,242,000 after purchasing an additional 610 shares during the period. Pettinga Financial Advisors LLC purchased a new stake in Visa in the 3rd quarter worth about $228,000. Principal Financial Group Inc. raised its position in Visa by 7.7% in the 3rd quarter. Principal Financial Group Inc. now owns 5,733,284 shares of the credit-card processor’s stock worth $1,576,366,000 after purchasing an additional 411,210 shares during the period. Finally, Assetmark Inc. raised its position in Visa by 3.0% in the 3rd quarter. Assetmark Inc. now owns 59,816 shares of the credit-card processor’s stock worth $16,446,000 after purchasing an additional 1,739 shares during the period. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Analysts Set New Price Targets

V has been the topic of a number of recent analyst reports. UBS Group increased their price objective on shares of Visa from $350.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Susquehanna increased their price objective on shares of Visa from $395.00 to $410.00 and gave the stock a “positive” rating in a research report on Friday, February 21st. William Blair reissued an “outperform” rating on shares of Visa in a research report on Friday, January 31st. Wells Fargo & Company increased their price objective on shares of Visa from $360.00 to $395.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. increased their price objective on shares of Visa from $340.00 to $375.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Six investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Visa currently has an average rating of “Moderate Buy” and an average target price of $353.96.

Insider Activity at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $363.00, for a total value of $3,129,060.00. Following the completion of the transaction, the chief executive officer now owns 537 shares of the company’s stock, valued at approximately $194,931. This trade represents a 94.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Tullier Kelly Mahon sold 33,741 shares of the firm’s stock in a transaction 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 approximately $12,789,689.82. This represents a 47.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 64,505 shares of company stock valued at $22,290,507 over the last 90 days. Insiders own 0.13% of the company’s stock.

Visa Trading Down 1.2 %

NYSE:V opened at $341.07 on Tuesday. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $366.54. The firm has a 50 day moving average of $336.69 and a 200 day moving average of $309.43. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $633.63 billion, a price-to-earnings ratio of 34.38, a PEG ratio of 2.33 and a beta of 0.95.

Visa (NYSE:V) last posted its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, beating 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, sell-side analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were given a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a yield of 0.69%. Visa’s payout ratio is 23.79%.

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.