Visa Inc. (NYSE:V) Shares Purchased by San Luis Wealth Advisors LLC

San Luis Wealth Advisors LLC raised its position in Visa Inc. (NYSE:VFree Report) by 24.3% during the 4th quarter, Holdings Channel reports. The firm owned 18,523 shares of the credit-card processor’s stock after acquiring an additional 3,620 shares during the quarter. Visa comprises about 1.1% of San Luis Wealth Advisors LLC’s holdings, making the stock its 24th biggest position. San Luis Wealth Advisors LLC’s holdings in Visa were worth $5,854,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Edgestream Partners L.P. raised its position in Visa by 27.0% during the second quarter. Edgestream Partners L.P. now owns 9,860 shares of the credit-card processor’s stock worth $2,588,000 after acquiring an additional 2,096 shares during the last quarter. Mutual of America Capital Management LLC raised its position in shares of Visa by 0.5% during the 2nd quarter. Mutual of America Capital Management LLC now owns 217,597 shares of the credit-card processor’s stock worth $57,113,000 after purchasing an additional 1,078 shares during the last quarter. Charles Lim Capital Ltd lifted its stake in Visa by 225.0% in the 2nd quarter. Charles Lim Capital Ltd now owns 325,000 shares of the credit-card processor’s stock valued at $85,303,000 after buying an additional 225,000 shares in the last quarter. Meridian Wealth Partners LLC lifted its stake in Visa by 8.1% in the 2nd quarter. Meridian Wealth Partners LLC now owns 1,593 shares of the credit-card processor’s stock valued at $418,000 after buying an additional 119 shares in the last quarter. Finally, Lingotto Investment Management LLP grew its holdings in Visa by 11.2% during the 2nd quarter. Lingotto Investment Management LLP now owns 32,348 shares of the credit-card processor’s stock valued at $8,490,000 after buying an additional 3,253 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insider Buying and Selling

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total transaction of $2,739,263.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Paul D. Fabara sold 2,171 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $307.97, for a total transaction of $668,602.87. Following the completion of the sale, the insider now directly owns 17,894 shares of the company’s stock, valued at $5,510,815.18. The trade was a 10.82 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.

Visa Stock Performance

Shares of NYSE:V opened at $316.45 on Thursday. The business’s 50-day simple moving average is $312.76 and its 200 day simple moving average is $287.65. The company has a market cap of $589.51 billion, a P/E ratio of 32.52, a PEG ratio of 2.11 and a beta of 0.96. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.28 and a current ratio of 1.28. Visa Inc. has a one year low of $252.70 and a one year high of $321.61.

Visa (NYSE:VGet Free Report) last posted its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 EPS for the quarter, topping analysts’ consensus estimates of $2.58 by $0.13. The business had revenue of $9.62 billion for 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 business’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.33 earnings per share. On average, sell-side analysts forecast that Visa Inc. will post 11.23 earnings per share for the current fiscal year.

Visa Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.75%. This is a positive change from Visa’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Tuesday, November 12th. Visa’s payout ratio is presently 24.25%.

Wall Street Analyst Weigh In

V has been the topic of a number of analyst reports. Macquarie increased their price objective on Visa from $300.00 to $335.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Keefe, Bruyette & Woods raised their price target on shares of Visa from $335.00 to $360.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Seaport Res Ptn raised shares of Visa from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. BMO Capital Markets raised their target price on shares of Visa from $310.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Finally, Robert W. Baird boosted their price target on Visa from $330.00 to $340.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Four equities 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 company. According to MarketBeat.com, Visa currently has a consensus rating of “Moderate Buy” and an average price target of $331.92.

View Our Latest Stock Analysis on V

Visa Company Profile

(Free Report)

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.

See Also

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:VFree Report).

Institutional Ownership by Quarter for Visa (NYSE:V)

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