5,987 Shares in Visa Inc. (NYSE:V) Bought by Tealwood Asset Management Inc.

Tealwood Asset Management Inc. purchased a new position in shares of Visa Inc. (NYSE:V) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 5,987 shares of the credit-card processor’s stock, valued at approximately $1,646,000.

Several other institutional investors and hedge funds have also made changes to their positions in V. Traveka Wealth LLC lifted its position in shares of Visa by 3.4% during the 3rd quarter. Traveka Wealth LLC now owns 2,606 shares of the credit-card processor’s stock worth $717,000 after buying an additional 85 shares during the last quarter. Legacy Private Trust Co. grew its position in shares of Visa by 5.1% in the 3rd quarter. Legacy Private Trust Co. now owns 9,178 shares of the credit-card processor’s stock valued at $2,523,000 after buying an additional 449 shares during the last quarter. Clean Yield Group raised its stake in Visa by 25.3% during the 3rd quarter. Clean Yield Group now owns 679 shares of the credit-card processor’s stock worth $187,000 after acquiring an additional 137 shares in the last quarter. Trium Capital LLP lifted its position in Visa by 21.6% in the third quarter. Trium Capital LLP now owns 8,624 shares of the credit-card processor’s stock valued at $2,371,000 after acquiring an additional 1,532 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC boosted its stake in Visa by 1.9% in the third quarter. Dynamic Advisor Solutions LLC now owns 38,610 shares of the credit-card processor’s stock valued at $10,616,000 after acquiring an additional 702 shares in the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Visa Trading Up 0.6 %

Shares of Visa stock traded up $1.66 during trading hours on Tuesday, reaching $275.45. The stock had a trading volume of 970,764 shares, compared to its average volume of 7,154,918. The firm has a market capitalization of $501.96 billion, a price-to-earnings ratio of 30.80, a P/E/G ratio of 1.92 and a beta of 0.96. Visa Inc. has a 1 year low of $228.03 and a 1 year high of $293.07. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.54. The firm has a 50 day simple moving average of $273.24 and a two-hundred day simple moving average of $272.74.

Visa (NYSE:V) last issued its earnings results on Tuesday, July 23rd. The credit-card processor reported $2.42 earnings per share for the quarter, hitting the consensus estimate of $2.42. The company had revenue of $8.90 billion during the quarter, compared to the consensus estimate of $8.92 billion. Visa had a return on equity of 51.94% and a net margin of 54.72%. The company’s revenue was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.16 earnings per share. As a group, equities research analysts anticipate that Visa Inc. will post 9.92 earnings per share for the current year.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Friday, August 9th were given a $0.52 dividend. The ex-dividend date was Friday, August 9th. This represents a $2.08 dividend on an annualized basis and a yield of 0.76%. Visa’s payout ratio is currently 23.24%.

Insider Activity

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $276.37, for a total transaction of $2,382,309.40. Following the sale, the chief executive officer now directly owns 538 shares in the company, valued at $148,687.06. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.19% of the company’s stock.

Wall Street Analysts Forecast Growth

V has been the subject of a number of research reports. Morgan Stanley reiterated an “overweight” rating and issued a $322.00 price objective on shares of Visa in a research note on Wednesday, September 25th. Bank of America increased their price target on shares of Visa from $279.00 to $308.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 17th. Keefe, Bruyette & Woods raised shares of Visa from a “moderate buy” rating to a “strong-buy” rating in a research report on Tuesday, September 24th. Oppenheimer initiated coverage on shares of Visa in a report on Tuesday, October 1st. They issued an “outperform” rating and a $318.00 target price for the company. Finally, Evercore ISI lowered their price target on Visa from $335.00 to $330.00 and set an “outperform” rating on the stock in a report on Tuesday, June 25th. Six equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $312.04.

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.