Highview Capital Management LLC DE Has $6.32 Million Stake in Visa Inc. (NYSE:V)

Highview Capital Management LLC DE raised its position in shares of Visa Inc. (NYSE:V) by 3.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,997 shares of the credit-card processor’s stock after acquiring an additional 604 shares during the period. Visa makes up about 2.4% of Highview Capital Management LLC DE’s investment portfolio, making the stock its 10th largest position. Highview Capital Management LLC DE’s holdings in Visa were worth $6,320,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in V. Cosner Financial Group LLC purchased a new stake in shares of Visa in the fourth quarter worth approximately $202,000. Partners Capital Investment Group LLP bought a new stake in shares of Visa during the fourth quarter worth $5,348,000. Human Investing LLC bought a new stake in shares of Visa during the fourth quarter worth $154,000. KLCM Advisors Inc. boosted its stake in shares of Visa by 3.9% during the fourth quarter. KLCM Advisors Inc. now owns 3,881 shares of the credit-card processor’s stock valued at $1,227,000 after purchasing an additional 144 shares during the period. Finally, Rational Advisors LLC bought a new position in shares of Visa in the fourth quarter worth about $942,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on V. The Goldman Sachs Group lifted their target price on Visa from $346.00 to $384.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Morgan Stanley upped their price objective 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. Wells Fargo & Company raised their target price on shares of Visa from $360.00 to $395.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. StockNews.com cut shares of Visa from a “buy” rating to a “hold” rating in a research report on Wednesday, March 12th. Finally, UBS Group lifted their price objective on shares of Visa from $350.00 to $400.00 and gave the company a “buy” rating in a report on Friday, January 31st. Seven research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $353.96.

Visa Stock Performance

Shares of V stock opened at $334.35 on Tuesday. The stock has a market cap of $621.15 billion, a PE ratio of 33.70, a price-to-earnings-growth ratio of 2.33 and a beta of 0.95. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $366.54. The business has a 50-day simple moving average of $338.39 and a 200-day simple moving average of $311.61. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45.

Visa (NYSE:V) last posted its earnings results 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 net margin of 54.27% and a return on equity of 54.79%. On average, equities analysts expect that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date was Tuesday, February 11th. Visa’s dividend payout ratio (DPR) is presently 23.79%.

Insider Transactions at Visa

In related news, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total value of $2,739,263.60. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Peter M. Andreski sold 2,332 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $349.62, for a total value of $815,313.84. Following the sale, the chief accounting officer now owns 4,488 shares of the company’s stock, valued at approximately $1,569,094.56. This trade represents a 34.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 103,855 shares of company stock valued at $35,165,827 in the last three months. 0.13% of the stock is currently owned by company insiders.

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.