Visa Inc. $V Position Boosted by WCG Wealth Advisors LLC

WCG Wealth Advisors LLC increased its position in Visa Inc. (NYSE:V) by 2.1% in the second quarter, Holdings Channel reports. The firm owned 33,393 shares of the credit-card processor’s stock after purchasing an additional 672 shares during the quarter. WCG Wealth Advisors LLC’s holdings in Visa were worth $11,856,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Keystone Global Partners LLC bought a new stake in shares of Visa in the 1st quarter valued at approximately $26,000. Family Legacy Financial Solutions LLC acquired a new position in Visa in the second quarter worth $28,000. Harbor Asset Planning Inc. acquired a new position in Visa in the second quarter worth $29,000. Bare Financial Services Inc raised its holdings in shares of Visa by 287.0% during the second quarter. Bare Financial Services Inc now owns 89 shares of the credit-card processor’s stock worth $32,000 after purchasing an additional 66 shares during the period. Finally, Cranbrook Wealth Management LLC raised its holdings in shares of Visa by 82.0% during the second quarter. Cranbrook Wealth Management LLC now owns 91 shares of the credit-card processor’s stock worth $32,000 after purchasing an additional 41 shares during the period. 82.15% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Visa news, insider Paul D. Fabara sold 2,172 shares of the business’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $325.93, for a total transaction of $707,919.96. Following the sale, the insider directly owned 26,413 shares in the company, valued at approximately $8,608,789.09. The trade was a 7.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ryan Mcinerney sold 10,485 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $341.00, for a total transaction of $3,575,385.00. Following the completion of the sale, the chief executive officer directly owned 537 shares of the company’s stock, valued at approximately $183,117. This represents a 95.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 24,042 shares of company stock valued at $8,175,152 over the last 90 days. 0.13% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Visa in a report on Wednesday, October 8th. Morgan Stanley set a $398.00 target price on Visa and gave the company an “overweight” rating in a research note on Wednesday, October 29th. Robert W. Baird set a $425.00 price target on Visa in a research report on Wednesday, October 29th. KeyCorp restated an “overweight” rating and set a $405.00 price objective on shares of Visa in a research report on Wednesday, October 22nd. Finally, Citigroup upgraded Visa to a “strong-buy” rating in a research note on Thursday, October 23rd. Four research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $400.00.

Visa Stock Performance

Shares of NYSE V opened at $330.41 on Tuesday. Visa Inc. has a 12-month low of $299.00 and a 12-month high of $375.51. The company has a market cap of $601.93 billion, a PE ratio of 32.36, a P/E/G ratio of 1.98 and a beta of 0.82. The stock has a 50 day simple moving average of $339.40 and a 200-day simple moving average of $346.93. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.53.

Visa (NYSE:V) last announced its earnings results on Tuesday, October 28th. The credit-card processor reported $2.98 earnings per share for the quarter, beating the consensus estimate of $2.97 by $0.01. Visa had a return on equity of 60.31% and a net margin of 50.15%.The firm had revenue of $10.72 billion for the quarter, compared to the consensus estimate of $10.60 billion. During the same quarter in the previous year, the business earned $2.71 EPS. The firm’s revenue for the quarter was up 11.5% on a year-over-year basis. On average, equities research analysts forecast that Visa Inc. will post 11.3 EPS for the current year.

Visa Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Wednesday, November 12th were paid a dividend of $0.67 per share. This is an increase from Visa’s previous quarterly dividend of $0.59. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Wednesday, November 12th. Visa’s dividend payout ratio (DPR) is presently 26.25%.

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.