Prairie Wealth Advisors Inc. Sells 115 Shares of Visa Inc. (NYSE:V)

Prairie Wealth Advisors Inc. reduced its stake in Visa Inc. (NYSE:V) by 1.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,191 shares of the credit-card processor’s stock after selling 115 shares during the period. Visa makes up 0.9% of Prairie Wealth Advisors Inc.’s portfolio, making the stock its 17th largest holding. Prairie Wealth Advisors Inc.’s holdings in Visa were worth $1,957,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of V. Peterson Financial Group Inc. bought a new stake in Visa in the third quarter worth $26,000. Decker Retirement Planning Inc. purchased a new position in shares of Visa in the 4th quarter worth $26,000. Reston Wealth Management LLC purchased a new position in shares of Visa in the 3rd quarter worth $31,000. Modus Advisors LLC bought a new stake in shares of Visa in the 4th quarter worth about $32,000. Finally, Sugar Maple Asset Management LLC purchased a new stake in shares of Visa during the 4th quarter valued at about $44,000. 82.15% of the stock is currently owned by institutional investors.

Insider Activity at Visa

In other news, insider Tullier Kelly Mahon sold 33,741 shares of the stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the completion of the sale, the insider now owns 36,566 shares in the company, valued at approximately $12,789,689.82. This represents a 47.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Paul D. Fabara sold 2,171 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total value of $668,602.87. Following the transaction, the insider now owns 17,894 shares in the company, valued at approximately $5,510,815.18. This trade represents a 10.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 58,056 shares of company stock valued at $19,830,050 over the last quarter. 0.13% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

V has been the subject of several recent research reports. Citigroup lifted their price target on Visa from $354.00 to $393.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. TD Cowen boosted their target price on Visa from $318.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group raised their price target on Visa from $346.00 to $384.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. William Blair reiterated an “outperform” rating on shares of Visa in a research report on Friday, January 31st. Finally, Piper Sandler restated an “overweight” rating and issued a $383.00 target price (up previously from $368.00) on shares of Visa in a report on Friday, January 31st. Four investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $354.73.

Visa Trading Up 0.2 %

NYSE V opened at $348.26 on Monday. The company’s 50-day simple moving average is $321.08 and its two-hundred day simple moving average is $295.90. Visa Inc. has a one year low of $252.70 and a one year high of $351.25. The company has a market capitalization of $647.00 billion, a price-to-earnings ratio of 35.11, a price-to-earnings-growth ratio of 2.32 and a beta of 0.97. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.28 and a current ratio of 1.12.

Visa (NYSE:V) last issued its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. Equities analysts forecast that Visa Inc. will post 11.27 EPS for the current fiscal year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 11th will be paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend is Tuesday, February 11th. Visa’s dividend payout ratio (DPR) is currently 23.79%.

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.