Donaldson Capital Management LLC Boosts Holdings in Visa Inc. (NYSE:V)

Donaldson Capital Management LLC raised its holdings in Visa Inc. (NYSE:V) by 4.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 38,119 shares of the credit-card processor’s stock after purchasing an additional 1,672 shares during the quarter. Donaldson Capital Management LLC’s holdings in Visa were worth $10,481,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in V. WFA Asset Management Corp raised its position in shares of Visa by 4.6% in the first quarter. WFA Asset Management Corp now owns 2,263 shares of the credit-card processor’s stock worth $632,000 after acquiring an additional 100 shares during the period. China Universal Asset Management Co. Ltd. raised its position in shares of Visa by 46.9% in the first quarter. China Universal Asset Management Co. Ltd. now owns 50,328 shares of the credit-card processor’s stock worth $14,046,000 after acquiring an additional 16,078 shares during the period. ESG Planning DBA Harper Investing acquired a new position in shares of Visa during the 1st quarter worth about $391,000. Moloney Securities Asset Management LLC raised its position in shares of Visa by 3.5% during the 1st quarter. Moloney Securities Asset Management LLC now owns 21,831 shares of the credit-card processor’s stock worth $6,093,000 after purchasing an additional 730 shares during the last quarter. Finally, Trust Co of Kansas raised its position in shares of Visa by 1.2% during the 1st quarter. Trust Co of Kansas now owns 19,036 shares of the credit-card processor’s stock worth $5,313,000 after purchasing an additional 234 shares during the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on V shares. Keefe, Bruyette & Woods upgraded shares of Visa from a “moderate buy” rating to a “strong-buy” rating in a research report on Tuesday, September 24th. JPMorgan Chase & Co. upped their price target on shares of Visa from $290.00 to $320.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 20th. BNP Paribas upgraded shares of Visa from a “neutral” rating to an “outperform” rating and set a $325.00 price target for the company in a research report on Tuesday, September 3rd. Susquehanna upped their price target on shares of Visa from $326.00 to $339.00 and gave the stock a “positive” rating in a research report on Wednesday, October 30th. Finally, StockNews.com raised shares of Visa from a “hold” rating to a “buy” rating in a research note on Friday, August 9th. Four research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Visa has an average rating of “Moderate Buy” and a consensus price target of $320.70.

Insider Buying and Selling

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were 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. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.19% of the stock is currently owned by corporate insiders.

Visa Stock Performance

NYSE:V opened at $290.74 on Monday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.37 and a current ratio of 1.28. The stock has a market capitalization of $529.82 billion, a P/E ratio of 29.88, a PEG ratio of 1.94 and a beta of 0.95. The company has a 50 day moving average price of $281.00 and a 200 day moving average price of $273.66. Visa Inc. has a fifty-two week low of $239.20 and a fifty-two week high of $296.34.

Visa (NYSE:V) last posted its quarterly earnings data on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share for the quarter, topping analysts’ consensus estimates of $2.58 by $0.13. The firm had revenue of $9.62 billion during the quarter, compared to analysts’ expectations of $9.49 billion. Visa had a net margin of 54.96% and a return on equity of 53.16%. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the company posted $2.33 EPS. Equities research analysts forecast that Visa Inc. will post 11.17 EPS for the current year.

Visa Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Tuesday, November 12th will be given a dividend of $0.59 per share. The ex-dividend date is Tuesday, November 12th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.81%. This is a boost from Visa’s previous quarterly dividend of $0.52. Visa’s dividend payout ratio (DPR) is presently 21.38%.

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.