Cerro Pacific Wealth Advisors LLC Boosts Holdings in Visa Inc. (NYSE:V)

Cerro Pacific Wealth Advisors LLC grew its position in Visa Inc. (NYSE:V) by 16.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,361 shares of the credit-card processor’s stock after purchasing an additional 331 shares during the quarter. Cerro Pacific Wealth Advisors LLC’s holdings in Visa were worth $746,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. FCG Investment Co grew its stake in shares of Visa by 12.5% during the fourth quarter. FCG Investment Co now owns 2,063 shares of the credit-card processor’s stock worth $652,000 after acquiring an additional 229 shares during the last quarter. Apeiron RIA LLC boosted its stake in Visa by 6.1% in the 4th quarter. Apeiron RIA LLC now owns 2,293 shares of the credit-card processor’s stock worth $725,000 after purchasing an additional 131 shares in the last quarter. Secure Asset Management LLC grew its position in Visa by 9.3% during the 4th quarter. Secure Asset Management LLC now owns 8,651 shares of the credit-card processor’s stock worth $2,734,000 after purchasing an additional 739 shares during the last quarter. Verde Capital Management increased its stake in Visa by 13.9% during the 4th quarter. Verde Capital Management now owns 3,190 shares of the credit-card processor’s stock valued at $1,008,000 after purchasing an additional 390 shares in the last quarter. Finally, Seros Financial LLC purchased a new position in shares of Visa in the fourth quarter worth $276,000. 82.15% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total transaction of $2,739,263.60. The sale 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 stock in a transaction that occurred on Friday, November 22nd. The shares were 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 approximately $5,510,815.18. This trade represents 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.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on V shares. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Visa from $300.00 to $340.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Morgan Stanley boosted their price target on Visa from $326.00 to $371.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Barclays raised their price objective on Visa from $319.00 to $347.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Piper Sandler upped their target price on Visa from $322.00 to $368.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Wells Fargo & Company increased their price target on shares of Visa from $325.00 to $360.00 and gave the stock an “overweight” rating in a report on Friday, January 3rd. Four analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $334.58.

Visa Stock Up 0.6 %

Shares of V opened at $330.20 on Friday. The stock has a 50 day moving average price of $314.95 and a 200 day moving average price of $290.42. Visa Inc. has a one year low of $252.70 and a one year high of $331.09. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.28 and a current ratio of 1.28. The stock has a market capitalization of $615.11 billion, a price-to-earnings ratio of 33.94, a PEG ratio of 2.17 and a beta of 0.96.

Visa (NYSE:V) last released its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.58 by $0.13. The business had revenue of $9.62 billion during the quarter, compared to analyst estimates of $9.49 billion. Visa had a net margin of 54.96% and a return on equity of 53.16%. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.33 earnings per share. Equities research analysts forecast that Visa Inc. will post 11.19 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. Shareholders of record on Tuesday, November 12th were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.71%. This is a positive change from Visa’s previous quarterly dividend of $0.52. The ex-dividend date was Tuesday, November 12th. Visa’s dividend payout ratio (DPR) is 24.25%.

About Visa

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.