Visa Inc. (NYSE:V) Stock Position Raised by United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund boosted its position in Visa Inc. (NYSE:V) by 2.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 323,760 shares of the credit-card processor’s stock after purchasing an additional 7,300 shares during the period. Visa comprises 4.0% of United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s portfolio, making the stock its 6th biggest holding. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s holdings in Visa were worth $102,321,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Decker Retirement Planning Inc. purchased a new position in shares of Visa during the 4th quarter valued at about $26,000. Bradley & Co. Private Wealth Management LLC bought a new position in shares of Visa in the fourth quarter worth approximately $27,000. POM Investment Strategies LLC increased its stake in shares of Visa by 48.5% in the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock worth $31,000 after purchasing an additional 32 shares in the last quarter. Modus Advisors LLC bought a new stake in shares of Visa during the 4th quarter valued at $32,000. Finally, Compass Planning Associates Inc purchased a new position in shares of Visa during the 4th quarter valued at $32,000. 82.15% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on V shares. Seaport Res Ptn raised Visa from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Barclays boosted their price target on Visa from $361.00 to $396.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Visa in a research report on Thursday, February 13th. Oppenheimer restated an “outperform” rating on shares of Visa in a research report on Thursday, February 13th. Finally, UBS Group boosted their price target on shares of Visa from $350.00 to $400.00 and gave the stock a “buy” rating in a research note 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 issued a strong buy rating to the company. Based on data from MarketBeat, Visa presently has an average rating of “Moderate Buy” and an average price target of $353.96.

Visa Trading Up 0.3 %

V stock opened at $344.95 on Wednesday. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $366.54. The firm’s 50-day moving average is $341.94 and its 200 day moving average is $314.21. The company has a market capitalization of $640.84 billion, a PE ratio of 34.77, a P/E/G ratio of 2.33 and a beta of 0.95. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12.

Visa (NYSE:V) last posted its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. On average, research analysts anticipate that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend was Tuesday, February 11th. Visa’s dividend payout ratio is 23.79%.

Insider Transactions at Visa

In other news, insider Tullier Kelly Mahon sold 33,741 shares of Visa stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.77, for a total value 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 trade represents a 47.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Paul D. Fabara sold 39,350 shares of the business’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $340.41, for a total value of $13,395,133.50. Following the completion of the transaction, the insider now directly owns 26,413 shares of the company’s stock, valued at approximately $8,991,249.33. The trade was a 59.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 143,205 shares of company stock valued at $48,560,961. 0.13% of the stock is currently owned by corporate insiders.

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.