Mondrian Capital Management LLC purchased a new position in shares of Visa Inc (NYSE:V) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 65,000 shares of the credit-card processor’s stock, valued at approximately $132,000. Visa comprises approximately 2.0% of Mondrian Capital Management LLC’s investment portfolio, making the stock its 15th biggest holding.
Other institutional investors have also recently added to or reduced their stakes in the company. Markel Corp boosted its stake in Visa by 0.4% in the third quarter. Markel Corp now owns 924,400 shares of the credit-card processor’s stock valued at $138,743,000 after acquiring an additional 4,000 shares during the last quarter. CX Institutional purchased a new position in Visa in the fourth quarter valued at about $224,000. Anderson Hoagland & Co. boosted its stake in Visa by 0.7% in the fourth quarter. Anderson Hoagland & Co. now owns 69,530 shares of the credit-card processor’s stock valued at $8,953,000 after acquiring an additional 487 shares during the last quarter. WINTON GROUP Ltd boosted its stake in Visa by 2.9% in the third quarter. WINTON GROUP Ltd now owns 13,962 shares of the credit-card processor’s stock valued at $2,096,000 after acquiring an additional 395 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in Visa by 3.9% in the third quarter. Victory Capital Management Inc. now owns 879,958 shares of the credit-card processor’s stock valued at $132,073,000 after acquiring an additional 32,838 shares during the last quarter. Institutional investors and hedge funds own 80.94% of the company’s stock.
NYSE V opened at $160.16 on Friday. Visa Inc has a 12-month low of $119.37 and a 12-month high of $161.10. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.50 and a current ratio of 1.50. The company has a market capitalization of $321.50 billion, a PE ratio of 34.74, a price-to-earnings-growth ratio of 1.83 and a beta of 1.00.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Friday, May 17th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.62%. The ex-dividend date is Thursday, May 16th. Visa’s dividend payout ratio (DPR) is currently 21.69%.
V has been the topic of a number of research analyst reports. Oppenheimer boosted their target price on shares of Visa from $162.00 to $176.00 and gave the company an “outperform” rating in a research note on Wednesday. Cantor Fitzgerald reiterated a “buy” rating and issued a $160.00 target price on shares of Visa in a research note on Thursday, January 31st. Jefferies Financial Group initiated coverage on shares of Visa in a research note on Monday, January 28th. They issued a “buy” rating and a $135.99 target price on the stock. SunTrust Banks reiterated an “outperform” rating and issued a $250.00 target price on shares of Visa in a research note on Friday, February 1st. Finally, Wedbush boosted their target price on shares of Visa from $150.00 to $162.00 and gave the company an “outperform” rating in a research note on Thursday, March 14th. One research analyst has rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $169.68.
In related news, EVP Tullier Kelly Mahon sold 91,046 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $156.29, for a total transaction of $14,229,579.34. Following the sale, the executive vice president now owns 120,602 shares of the company’s stock, valued at approximately $18,848,886.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman Ellen Richey sold 81,005 shares of the company’s stock in a transaction that occurred on Thursday, February 7th. The stock was sold at an average price of $139.99, for a total transaction of $11,339,889.95. The disclosure for this sale can be found here. In the last three months, insiders sold 193,531 shares of company stock worth $28,797,949. Insiders own 0.17% of the company’s stock.
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Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.
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