GoalVest Advisory LLC Has $2.77 Million Stock Holdings in Visa Inc. (NYSE:V)

GoalVest Advisory LLC increased its position in shares of Visa Inc. (NYSE:V) by 9.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,066 shares of the credit-card processor’s stock after acquiring an additional 836 shares during the quarter. Visa comprises about 0.8% of GoalVest Advisory LLC’s investment portfolio, making the stock its 15th largest position. GoalVest Advisory LLC’s holdings in Visa were worth $2,768,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. WFA Asset Management Corp lifted its stake in Visa by 4.6% in the first quarter. WFA Asset Management Corp now owns 2,263 shares of the credit-card processor’s stock valued at $632,000 after buying an additional 100 shares during the period. Empowered Funds LLC lifted its stake in Visa by 16.0% in the first quarter. Empowered Funds LLC now owns 58,506 shares of the credit-card processor’s stock valued at $16,328,000 after buying an additional 8,086 shares during the period. Ontario Teachers Pension Plan Board acquired a new position in Visa in the first quarter valued at about $2,499,000. Hillsdale Investment Management Inc. lifted its stake in Visa by 3.5% in the first quarter. Hillsdale Investment Management Inc. now owns 2,166 shares of the credit-card processor’s stock valued at $604,000 after buying an additional 73 shares during the period. Finally, Covestor Ltd lifted its stake in Visa by 12.9% in the first quarter. Covestor Ltd now owns 1,563 shares of the credit-card processor’s stock valued at $437,000 after buying an additional 178 shares during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Stock Performance

NYSE:V opened at $309.64 on Friday. The company has a quick ratio of 1.37, a current ratio of 1.28 and a debt-to-equity ratio of 0.55. Visa Inc. has a twelve month low of $245.60 and a twelve month high of $312.44. The company has a fifty day moving average of $287.04 and a 200-day moving average of $275.95. The firm has a market capitalization of $564.26 billion, a P/E ratio of 31.82, a P/E/G ratio of 2.07 and a beta of 0.95.

Visa (NYSE:V) last posted its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share for the quarter, beating the consensus estimate of $2.58 by $0.13. The firm had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $9.49 billion. Visa had a net margin of 54.96% and a return on equity of 53.16%. The business’s revenue was up 11.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.33 earnings per share. As a group, sell-side analysts anticipate that Visa Inc. will post 11.19 EPS for the current year.

Visa Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Tuesday, November 12th will be given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.76%. This is a positive change from Visa’s previous quarterly dividend of $0.52. The ex-dividend date is Tuesday, November 12th. Visa’s payout ratio is presently 24.25%.

Wall Street Analysts Forecast Growth

V has been the topic of several analyst reports. Barclays increased their target price on Visa from $319.00 to $347.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. StockNews.com raised Visa from a “hold” rating to a “buy” rating in a research note on Friday, August 9th. Royal Bank of Canada increased their target price on Visa from $311.00 to $322.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. William Blair upgraded Visa to a “strong-buy” rating in a report on Tuesday, July 23rd. Finally, BNP Paribas upgraded Visa from a “neutral” rating to an “outperform” rating and set a $325.00 price target for the company in a report on Tuesday, September 3rd. Four equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $321.74.

Insider Activity at Visa

In related news, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $276.37, for a total value of $2,382,309.40. Following the completion of the sale, the chief executive officer now directly owns 538 shares of the company’s stock, valued at $148,687.06. The trade was a 94.13 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.19% of the stock is currently owned by corporate 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.