Visa Inc. (NYSE:V) Shares Bought by Crestwood Advisors Group LLC

Crestwood Advisors Group LLC boosted its position in shares of Visa Inc. (NYSE:V) by 0.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 343,615 shares of the credit-card processor’s stock after acquiring an additional 1,198 shares during the quarter. Visa comprises about 2.0% of Crestwood Advisors Group LLC’s portfolio, making the stock its 7th largest position. Crestwood Advisors Group LLC’s holdings in Visa were worth $108,596,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Peterson Financial Group Inc. acquired a new position in shares of Visa in the 3rd quarter valued at about $26,000. Decker Retirement Planning Inc. acquired a new position in shares of Visa in the 4th quarter valued at about $26,000. Reston Wealth Management LLC acquired a new position in shares of Visa in the 3rd quarter valued at about $31,000. POM Investment Strategies LLC lifted its holdings in shares of Visa by 48.5% in the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock valued at $31,000 after buying an additional 32 shares during the period. Finally, Modus Advisors LLC acquired a new position in shares of Visa in the 4th quarter valued at about $32,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Trading Up 0.6 %

Shares of Visa stock opened at $352.00 on Wednesday. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $357.15. The stock has a 50 day moving average of $330.49 and a 200 day moving average of $303.94. The firm has a market capitalization of $653.93 billion, a price-to-earnings ratio of 35.48, a PEG ratio of 2.33 and a beta of 0.97. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12.

Visa (NYSE:V) last released its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, topping the consensus estimate of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. As a group, research analysts predict that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 11th will be issued a $0.59 dividend. The ex-dividend date is Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a yield of 0.67%. Visa’s dividend payout ratio (DPR) is presently 23.79%.

Insider Activity at Visa

In other news, CAO Peter M. Andreski sold 2,332 shares of Visa stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $349.62, for a total transaction of $815,313.84. Following the sale, the chief accounting officer now owns 4,488 shares in the company, valued at approximately $1,569,094.56. The trade was a 34.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Tullier Kelly Mahon sold 33,741 shares of Visa stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $349.77, for a total value of $11,801,589.57. Following the sale, the insider now owns 36,566 shares in the company, valued at $12,789,689.82. This trade represents a 47.99 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 55,885 shares of company stock worth $19,161,447. Company insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on V shares. TD Cowen boosted their price objective on Visa from $318.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. UBS Group boosted their price objective on Visa from $350.00 to $400.00 and gave the company a “buy” rating in a report on Friday, January 31st. Robert W. Baird boosted their price objective on Visa from $330.00 to $340.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Wells Fargo & Company lifted their price target on Visa from $360.00 to $395.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Finally, BMO Capital Markets increased their price target on Visa from $310.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Six investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Visa currently has a consensus rating of “Moderate Buy” and an average price target of $353.96.

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.