Next Level Wealth Planning LLC Takes Position in Visa Inc. (NYSE:V)

Next Level Wealth Planning LLC acquired a new position in shares of Visa Inc. (NYSE:V) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,201 shares of the credit-card processor’s stock, valued at approximately $380,000. Visa comprises about 0.3% of Next Level Wealth Planning LLC’s investment portfolio, making the stock its 27th largest holding.

Other hedge funds have also recently added to or reduced their stakes in the company. Riverstone Advisors LLC bought a new position in shares of Visa during the 4th quarter worth about $217,000. Custom Index Systems LLC acquired a new stake in Visa during the third quarter worth about $731,000. Journey Strategic Wealth LLC increased its stake in Visa by 16.4% during the fourth quarter. Journey Strategic Wealth LLC now owns 9,678 shares of the credit-card processor’s stock valued at $3,058,000 after acquiring an additional 1,361 shares during the period. Copley Financial Group Inc. acquired a new position in Visa in the 3rd quarter valued at approximately $616,000. Finally, Calamos Wealth Management LLC lifted its position in shares of Visa by 0.6% in the 4th quarter. Calamos Wealth Management LLC now owns 77,443 shares of the credit-card processor’s stock worth $24,475,000 after acquiring an additional 435 shares during the period. Institutional investors own 82.15% of the company’s stock.

Wall Street Analyst Weigh In

V has been the topic of a number of research reports. Keefe, Bruyette & Woods boosted their price objective on Visa from $360.00 to $400.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. The Goldman Sachs Group increased their price objective on shares of Visa from $346.00 to $384.00 and gave the company a “buy” rating in a research note on Friday, January 31st. TD Cowen lifted their target price on shares of Visa from $318.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. William Blair reissued an “outperform” rating on shares of Visa in a research report on Friday, January 31st. Finally, Wells Fargo & Company lifted their price objective on Visa from $360.00 to $395.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Four research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $354.73.

Insider Buying and Selling

In other news, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total transaction of $2,739,263.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Tullier Kelly Mahon sold 33,741 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $349.77, for a total value of $11,801,589.57. Following the completion of the transaction, the insider now owns 36,566 shares of the company’s stock, valued at $12,789,689.82. This represents a 47.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 58,056 shares of company stock valued at $19,830,050 over the last ninety days. Insiders own 0.13% of the company’s stock.

Visa Stock Performance

V stock opened at $356.04 on Wednesday. The company has a 50 day moving average price of $326.05 and a 200 day moving average price of $300.04. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $356.74. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.28. The stock has a market capitalization of $661.45 billion, a PE ratio of 35.89, a price-to-earnings-growth ratio of 2.32 and a beta of 0.97.

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

Visa Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.66%. The ex-dividend date of this dividend is Tuesday, February 11th. Visa’s dividend payout ratio is 23.79%.

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.