Anderson Hoagland & Co. Has $10.45 Million Holdings in Visa Inc (V)

Anderson Hoagland & Co. raised its stake in Visa Inc (NYSE:V) by 14.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,043 shares of the credit-card processor’s stock after purchasing an additional 8,628 shares during the period. Visa comprises 5.9% of Anderson Hoagland & Co.’s investment portfolio, making the stock its 2nd biggest position. Anderson Hoagland & Co.’s holdings in Visa were worth $10,451,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. Fundsmith Equity Fund L.P. acquired a new stake in shares of Visa during the 2nd quarter worth about $757,597,000. Baird Financial Group Inc. increased its position in Visa by 2.2% during the second quarter. Baird Financial Group Inc. now owns 944,191 shares of the credit-card processor’s stock worth $125,058,000 after buying an additional 20,084 shares during the period. Lee Financial Group Hawaii Inc. increased its position in Visa by 1.6% during the second quarter. Lee Financial Group Hawaii Inc. now owns 24,147 shares of the credit-card processor’s stock worth $3,198,000 after buying an additional 388 shares during the period. Credit Agricole S A increased its position in Visa by 0.8% during the second quarter. Credit Agricole S A now owns 169,611 shares of the credit-card processor’s stock worth $22,465,000 after buying an additional 1,312 shares during the period. Finally, Wealthstreet Investment Advisors LLC increased its position in Visa by 2.1% during the second quarter. Wealthstreet Investment Advisors LLC now owns 145,294 shares of the credit-card processor’s stock worth $19,244,000 after buying an additional 2,930 shares during the period. 80.63% of the stock is currently owned by institutional investors.

Shares of V stock opened at $137.11 on Friday. Visa Inc has a twelve month low of $111.02 and a twelve month high of $151.56. The company has a market capitalization of $279.64 billion, a price-to-earnings ratio of 29.74, a P/E/G ratio of 1.51 and a beta of 1.11. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.58.

Visa (NYSE:V) last announced its earnings results on Wednesday, October 24th. The credit-card processor reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.01. Visa had a return on equity of 38.00% and a net margin of 49.98%. The company had revenue of $5.43 billion for the quarter, compared to the consensus estimate of $5.44 billion. On average, equities analysts expect that Visa Inc will post 5.33 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 4th. Shareholders of record on Friday, November 16th were paid a $0.25 dividend. This is an increase from Visa’s previous quarterly dividend of $0.21. This represents a $1.00 annualized dividend and a dividend yield of 0.73%. The ex-dividend date was Thursday, November 15th. Visa’s dividend payout ratio (DPR) is 21.69%.

In related news, SVP James H. Hoffmeister sold 2,252 shares of Visa stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $144.56, for a total value of $325,549.12. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP William M. Sheedy sold 3,643 shares of Visa stock in a transaction that occurred on Tuesday, November 20th. The shares were sold at an average price of $133.07, for a total value of $484,774.01. Following the completion of the sale, the executive vice president now owns 241,983 shares in the company, valued at $32,200,677.81. The disclosure for this sale can be found here. Insiders sold a total of 119,395 shares of company stock worth $16,697,489 over the last quarter. Company insiders own 0.14% of the company’s stock.

V has been the topic of several research analyst reports. Zacks Investment Research raised Visa from a “hold” rating to a “buy” rating and set a $168.00 price target on the stock in a research report on Tuesday, September 25th. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $166.00 price target on shares of Visa in a research report on Thursday, October 25th. Royal Bank of Canada lifted their price target on Visa to $170.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 5th. BMO Capital Markets initiated coverage on Visa in a research report on Wednesday, September 26th. They set an “outperform” rating and a $187.00 price target on the stock. Finally, Barclays initiated coverage on Visa in a research report on Wednesday, November 14th. They set an “overweight” rating and a $170.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $156.09.

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Visa Company Profile

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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Institutional Ownership by Quarter for Visa (NYSE:V)

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