CCM Investment Advisers LLC Has $15.51 Million Holdings in Visa Inc. (NYSE:V)

CCM Investment Advisers LLC grew its holdings in Visa Inc. (NYSE:V) by 2.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 59,578 shares of the credit-card processor’s stock after acquiring an additional 1,306 shares during the quarter. Visa accounts for about 1.9% of CCM Investment Advisers LLC’s portfolio, making the stock its 19th biggest position. CCM Investment Advisers LLC’s holdings in Visa were worth $15,511,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Altshuler Shaham Ltd acquired a new position in Visa during the third quarter worth $25,000. O Brien Wealth Partners LLC acquired a new position in Visa during the fourth quarter worth $32,000. Frank Rimerman Advisors LLC acquired a new position in Visa during the fourth quarter worth $33,000. Valued Wealth Advisors LLC acquired a new position in Visa during the fourth quarter worth $37,000. Finally, Vermillion & White Wealth Management Group LLC acquired a new position in shares of Visa in the fourth quarter valued at $40,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Visa

In other news, insider Paul D. Fabara sold 25,293 shares of the company’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $277.15, for a total value of $7,009,954.95. Following the completion of the sale, the insider now owns 17,894 shares in the company, valued at approximately $4,959,322.10. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, insider Paul D. Fabara sold 25,293 shares of the stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $277.15, for a total transaction of $7,009,954.95. Following the completion of the transaction, the insider now owns 17,894 shares in the company, valued at $4,959,322.10. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Lloyd Carney sold 909 shares of the stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $275.55, for a total transaction of $250,474.95. Following the transaction, the director now owns 2,591 shares of the company’s stock, valued at approximately $713,950.05. The disclosure for this sale can be found here. Insiders sold a total of 34,402 shares of company stock worth $9,559,382 in the last quarter. 0.19% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Royal Bank of Canada upped their price objective on shares of Visa from $309.00 to $315.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Redburn Atlantic reissued a “neutral” rating and issued a $307.00 target price on shares of Visa in a research report on Wednesday, March 27th. Macquarie boosted their target price on shares of Visa from $290.00 to $300.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Citigroup boosted their target price on shares of Visa from $314.00 to $321.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Finally, Oppenheimer boosted their target price on shares of Visa from $297.00 to $299.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Five investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $303.76.

Visa Stock Down 0.2 %

V traded down $0.53 during trading on Friday, hitting $270.66. 8,537,260 shares of the company’s stock were exchanged, compared to its average volume of 5,425,052. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.53. The business’s 50 day moving average is $274.17 and its two-hundred day moving average is $272.48. Visa Inc. has a fifty-two week low of $221.37 and a fifty-two week high of $290.96. The stock has a market cap of $495.02 billion, a P/E ratio of 30.24, a PEG ratio of 1.85 and a beta of 0.97.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share for the quarter, topping the consensus estimate of $2.43 by $0.08. Visa had a net margin of 53.87% and a return on equity of 51.23%. The firm had revenue of $8.78 billion for the quarter, compared to the consensus estimate of $8.62 billion. During the same quarter in the prior year, the company posted $2.09 earnings per share. The business’s revenue was up 9.9% on a year-over-year basis. As a group, equities analysts expect that Visa Inc. will post 9.94 earnings per share for the current fiscal year.

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Friday, May 17th were paid a $0.52 dividend. The ex-dividend date was Thursday, May 16th. This represents a $2.08 annualized dividend and a dividend yield of 0.77%. Visa’s payout ratio is 23.24%.

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.