InterOcean Capital LLC raised its position in Visa Inc (NYSE:V) by 34.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,336 shares of the credit-card processor’s stock after acquiring an additional 850 shares during the quarter. InterOcean Capital LLC’s holdings in Visa were worth $351,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Vantage Financial Partners Ltd. Inc. acquired a new stake in shares of Visa during the second quarter worth approximately $958,000. Welch Investments LLC acquired a new stake in shares of Visa during the third quarter worth approximately $101,000. Cordasco Financial Network acquired a new stake in shares of Visa during the third quarter worth approximately $105,000. Massey Quick Simon & CO. LLC acquired a new stake in shares of Visa during the third quarter worth approximately $110,000. Finally, Motco grew its position in shares of Visa by 25.1% during the second quarter. Motco now owns 1,176 shares of the credit-card processor’s stock worth $110,000 after buying an additional 236 shares in the last quarter. 81.57% of the stock is owned by institutional investors.

A number of analysts have recently weighed in on the stock. Vetr raised shares of Visa from a “hold” rating to a “buy” rating and set a $126.37 price target for the company in a research report on Monday, February 5th. BMO Capital Markets reissued a “positive” rating and set a $148.00 price target on shares of Visa in a research report on Monday, February 5th. Guggenheim reissued a “buy” rating and set a $136.00 price target on shares of Visa in a research report on Friday, February 2nd. Loop Capital raised their price target on shares of Visa to $142.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Finally, Nomura decreased their price target on shares of Visa from $148.00 to $146.00 and set a “buy” rating for the company in a research report on Friday, February 2nd. Two research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the company. Visa has a consensus rating of “Buy” and a consensus target price of $133.85.

In related news, EVP Tullier Kelly Mahon sold 49,702 shares of Visa stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $113.66, for a total transaction of $5,649,129.32. Following the transaction, the executive vice president now directly owns 76,202 shares of the company’s stock, valued at $8,661,119.32. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP James H. Hoffmeister sold 2,146 shares of Visa stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $112.09, for a total value of $240,545.14. Following the transaction, the senior vice president now directly owns 687 shares in the company, valued at $77,005.83. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 58,068 shares of company stock worth $6,597,262. Company insiders own 0.14% of the company’s stock.

Shares of Visa Inc (NYSE V) opened at $116.32 on Monday. Visa Inc has a one year low of $85.23 and a one year high of $126.88. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.60. The firm has a market cap of $263,600.00, a PE ratio of 38.52, a P/E/G ratio of 1.54 and a beta of 1.03.

Visa (NYSE:V) last issued its quarterly earnings data on Thursday, February 1st. The credit-card processor reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.10. Visa had a net margin of 38.12% and a return on equity of 32.97%. The business had revenue of $4.86 billion for the quarter, compared to analysts’ expectations of $4.82 billion. During the same period in the previous year, the business earned $0.86 earnings per share. The company’s revenue was up 9.0% on a year-over-year basis. research analysts predict that Visa Inc will post 4.36 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 6th. Investors of record on Friday, February 16th will be paid a dividend of $0.21 per share. This is a boost from Visa’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend is Thursday, February 15th. Visa’s payout ratio is currently 25.83%.

Visa declared that its board has initiated a share repurchase program on Thursday, February 1st that permits the company to buyback $7.50 billion in outstanding shares. This buyback authorization permits the credit-card processor to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

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About Visa

Visa Inc (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the participants.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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