Visa Inc. $V Shares Purchased by Canada Post Corp Registered Pension Plan

Canada Post Corp Registered Pension Plan raised its position in shares of Visa Inc. (NYSE:V) by 48.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 162,748 shares of the credit-card processor’s stock after purchasing an additional 53,106 shares during the quarter. Visa accounts for 2.5% of Canada Post Corp Registered Pension Plan’s investment portfolio, making the stock its 8th biggest holding. Canada Post Corp Registered Pension Plan’s holdings in Visa were worth $55,360,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of V. Wescott Financial Advisory Group LLC boosted its position in shares of Visa by 11.8% in the third quarter. Wescott Financial Advisory Group LLC now owns 693 shares of the credit-card processor’s stock worth $237,000 after buying an additional 73 shares during the period. Axim Planning & Wealth purchased a new stake in Visa in the 3rd quarter worth about $611,000. Wellington Shields Capital Management LLC boosted its position in Visa by 1.5% during the 3rd quarter. Wellington Shields Capital Management LLC now owns 10,254 shares of the credit-card processor’s stock worth $3,501,000 after acquiring an additional 147 shares during the period. Greater Midwest Financial Group LLC grew its stake in Visa by 20.1% during the 3rd quarter. Greater Midwest Financial Group LLC now owns 5,891 shares of the credit-card processor’s stock valued at $2,011,000 after acquiring an additional 985 shares in the last quarter. Finally, Spinnaker Trust increased its holdings in shares of Visa by 0.6% in the 3rd quarter. Spinnaker Trust now owns 31,268 shares of the credit-card processor’s stock valued at $10,674,000 after purchasing an additional 182 shares during the period. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Visa Trading Up 0.8%

Shares of NYSE:V opened at $331.82 on Friday. The company has a current ratio of 1.11, a quick ratio of 1.08 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $604.49 billion, a PE ratio of 31.13, a P/E/G ratio of 1.89 and a beta of 0.79. Visa Inc. has a 1 year low of $299.00 and a 1 year high of $375.51. The firm has a fifty day moving average price of $338.50 and a 200 day moving average price of $340.95.

Visa (NYSE:V) last issued its quarterly earnings data on Thursday, January 29th. The credit-card processor reported $3.17 EPS for the quarter, beating analysts’ consensus estimates of $3.14 by $0.03. Visa had a return on equity of 61.74% and a net margin of 50.23%.The business had revenue of $10.90 billion for the quarter, compared to analyst estimates of $10.69 billion. During the same quarter in the prior year, the firm posted $2.75 EPS. The firm’s revenue for the quarter was up 14.6% on a year-over-year basis. Analysts expect that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Tuesday, February 10th will be paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Tuesday, February 10th. Visa’s payout ratio is presently 25.14%.

Analyst Ratings Changes

Several research firms recently commented on V. Daiwa America upgraded shares of Visa from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of Visa in a research note on Wednesday, January 21st. Cantor Fitzgerald upgraded shares of Visa to a “strong-buy” rating in a report on Tuesday, January 27th. Evercore set a $380.00 price objective on Visa in a report on Friday, December 12th. Finally, HSBC upgraded Visa from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 8th. Six equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Visa presently has an average rating of “Buy” and a consensus price target of $392.29.

Insider Buying and Selling at Visa

In related news, insider Paul D. Fabara sold 2,172 shares of the firm’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $325.93, for a total value of $707,919.96. Following the transaction, the insider directly owned 26,413 shares in the company, valued at approximately $8,608,789.09. This trade represents a 7.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Ryan Mcinerney sold 10,485 shares of the business’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $349.18, for a total transaction of $3,661,152.30. Following the transaction, the chief executive officer directly owned 9,401 shares of the company’s stock, valued at approximately $3,282,641.18. This represents a 52.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.12% of the stock is currently owned by corporate insiders.

Visa Company Profile

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.