MCIA Inc Raises Holdings in Visa Inc. (NYSE:V)

MCIA Inc raised its holdings in shares of Visa Inc. (NYSE:VGet Rating) by 8.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 17,555 shares of the credit-card processor’s stock after purchasing an additional 1,364 shares during the period. Visa makes up about 1.8% of MCIA Inc’s investment portfolio, making the stock its 14th largest holding. MCIA Inc’s holdings in Visa were worth $3,560,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Norges Bank bought a new position in shares of Visa during the 4th quarter valued at $2,740,577,000. Wellington Management Group LLP lifted its holdings in shares of Visa by 33.1% during the 1st quarter. Wellington Management Group LLP now owns 22,222,170 shares of the credit-card processor’s stock valued at $4,928,211,000 after buying an additional 5,527,427 shares during the period. Lone Pine Capital LLC bought a new position in shares of Visa during the 4th quarter valued at $1,047,495,000. GQG Partners LLC lifted its holdings in shares of Visa by 46.2% during the 4th quarter. GQG Partners LLC now owns 11,289,146 shares of the credit-card processor’s stock valued at $2,446,122,000 after buying an additional 3,567,771 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of Visa by 40.0% during the 1st quarter. Invesco Ltd. now owns 9,910,380 shares of the credit-card processor’s stock valued at $2,197,824,000 after buying an additional 2,830,580 shares during the period. 81.49% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on V. Morgan Stanley raised their target price on Visa from $284.00 to $291.00 and gave the stock an “overweight” rating in a report on Wednesday, July 27th. Wolfe Research decreased their target price on Visa from $285.00 to $260.00 in a report on Wednesday, July 20th. UBS Group raised their target price on Visa from $292.00 to $296.00 and gave the stock a “buy” rating in a report on Wednesday, July 27th. Mizuho decreased their target price on Visa from $235.00 to $215.00 and set a “neutral” rating on the stock in a report on Friday, July 1st. Finally, Truist Financial decreased their target price on Visa from $275.00 to $250.00 in a report on Thursday, June 30th. Four investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $257.64.

Insider Buying and Selling

In related news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of Visa stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $212.11, for a total value of $1,908,990.00. Following the completion of the transaction, the chief executive officer now owns 156,887 shares in the company, valued at $33,277,301.57. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.21% of the stock is currently owned by company insiders.

Visa Trading Down 1.1 %

Shares of Visa stock opened at $193.30 on Monday. The firm has a market cap of $365.42 billion, a price-to-earnings ratio of 28.51, a PEG ratio of 1.56 and a beta of 0.90. The business has a 50-day moving average price of $207.53 and a 200-day moving average price of $207.32. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.63. Visa Inc. has a twelve month low of $185.91 and a twelve month high of $236.96.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Friday, August 12th were given a dividend of $0.375 per share. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.78%. Visa’s payout ratio is 22.12%.

Visa Profile

(Get Rating)

Visa Inc operates as a payments technology company worldwide. The company facilitates digital payments among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions.

See Also

Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc. (NYSE:VGet Rating).

Institutional Ownership by Quarter for Visa (NYSE:V)

Receive News & Ratings for Visa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa and related companies with MarketBeat.com's FREE daily email newsletter.