Harfst & Associates Inc. grew its position in shares of Visa Inc (NYSE:V) by 4.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 5,184 shares of the credit-card processor’s stock after buying an additional 228 shares during the quarter. Visa accounts for approximately 0.3% of Harfst & Associates Inc.’s investment portfolio, making the stock its 20th largest holding. Harfst & Associates Inc.’s holdings in Visa were worth $684,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently modified their holdings of the business. Oregon Public Employees Retirement Fund grew its stake in shares of Visa by 11,319.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 86,570,056 shares of the credit-card processor’s stock valued at $656,000 after purchasing an additional 85,811,983 shares during the last quarter. Matthew Goff Investment Advisor LLC grew its stake in shares of Visa by 13,144.9% during the third quarter. Matthew Goff Investment Advisor LLC now owns 7,929,067 shares of the credit-card processor’s stock valued at $59,865,000 after purchasing an additional 7,869,202 shares during the last quarter. Capital Research Global Investors grew its stake in shares of Visa by 3,913.7% during the third quarter. Capital Research Global Investors now owns 4,507,351 shares of the credit-card processor’s stock valued at $676,508,000 after purchasing an additional 4,395,051 shares during the last quarter. Capital International Investors grew its stake in shares of Visa by 13.2% during the third quarter. Capital International Investors now owns 13,149,230 shares of the credit-card processor’s stock valued at $1,973,568,000 after purchasing an additional 1,533,870 shares during the last quarter. Finally, Rehmann Capital Advisory Group grew its stake in shares of Visa by 15,021.0% during the third quarter. Rehmann Capital Advisory Group now owns 1,512,556 shares of the credit-card processor’s stock valued at $10,077,000 after purchasing an additional 1,502,553 shares during the last quarter. 81.42% of the stock is currently owned by hedge funds and other institutional investors.
Shares of V stock opened at $164.09 on Friday. Visa Inc has a 52-week low of $121.60 and a 52-week high of $165.74. The company has a market capitalization of $327.53 billion, a price-to-earnings ratio of 35.59, a price-to-earnings-growth ratio of 1.84 and a beta of 1.00. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.58.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Friday, May 17th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $1.00 annualized dividend and a yield of 0.61%. Visa’s dividend payout ratio (DPR) is presently 21.69%.
V has been the topic of several research analyst reports. Jefferies Financial Group initiated coverage on shares of Visa in a research note on Monday, January 28th. They set a “buy” rating and a $135.99 price target on the stock. Deutsche Bank raised their price objective on shares of Visa from $160.00 to $177.00 and gave the company a “buy” rating in a research note on Thursday, March 21st. Robert W. Baird set a $182.00 price objective on shares of Visa and gave the company an “outperform” rating in a research note on Wednesday, May 8th. Zacks Investment Research raised shares of Visa from a “hold” rating to a “buy” rating and set a $185.00 price objective on the stock in a research note on Friday. Finally, Nomura raised their price objective on shares of Visa from $175.00 to $178.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. One analyst has rated the stock with a hold rating and twenty-five have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $177.67.
In other Visa news, EVP Lynne Biggar sold 15,000 shares of the stock in a transaction on Monday, March 11th. The shares were sold at an average price of $150.00, for a total value of $2,250,000.00. Following the sale, the executive vice president now directly owns 22,294 shares in the company, valued at $3,344,100. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP William M. Sheedy sold 75,676 shares of the stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $165.24, for a total transaction of $12,504,702.24. Following the completion of the sale, the executive vice president now owns 300,114 shares in the company, valued at $49,590,837.36. The disclosure for this sale can be found here. Over the last quarter, insiders sold 188,202 shares of company stock worth $29,962,762. Company insiders own 0.17% of the company’s stock.
ILLEGAL ACTIVITY WARNING: “Visa Inc (V) Shares Bought by Harfst & Associates Inc.” was posted by Baseball Daily News and is the sole property of of Baseball Daily News. If you are accessing this story on another website, it was stolen and republished in violation of United States & international copyright & trademark legislation. The correct version of this story can be accessed at https://www.baseballdailydigest.com/news/2019/05/18/visa-inc-v-shares-bought-by-harfst-associates-inc.html.
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.
Recommended Story: How does new data get added to a blockchain?
Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc (NYSE:V).
Receive News & Ratings for Visa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa and related companies with MarketBeat.com's FREE daily email newsletter.