Tyler Stone Wealth Management Has $6.17 Million Stake in Visa Inc. (NYSE:V)

Tyler Stone Wealth Management lifted its holdings in shares of Visa Inc. (NYSE:V) by 0.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,526 shares of the credit-card processor’s stock after purchasing an additional 62 shares during the quarter. Visa accounts for about 1.1% of Tyler Stone Wealth Management’s portfolio, making the stock its 20th biggest position. Tyler Stone Wealth Management’s holdings in Visa were worth $6,171,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Decker Retirement Planning Inc. acquired a new stake in shares of Visa in the 4th quarter valued at about $26,000. Bradley & Co. Private Wealth Management LLC bought a new position in shares of Visa during the fourth quarter worth about $27,000. POM Investment Strategies LLC raised its position in 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 last quarter. Modus Advisors LLC acquired a new position in Visa during the 4th quarter worth approximately $32,000. Finally, Compass Planning Associates Inc bought a new position in shares of Visa during the 4th quarter worth approximately $32,000. Institutional investors own 82.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Wells Fargo & Company boosted their price objective on shares of Visa from $360.00 to $395.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Morgan Stanley raised their price objective on Visa from $326.00 to $371.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. William Blair reaffirmed an “outperform” rating on shares of Visa in a research report on Friday, January 31st. Susquehanna restated a “positive” rating on shares of Visa in a research note on Friday. Finally, Raymond James reiterated an “outperform” rating and set a $393.00 price objective (up previously from $374.00) on shares of Visa in a research note on Friday, January 31st. Six 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 data from MarketBeat, Visa has a consensus rating of “Moderate Buy” and an average target price of $353.96.

Insider Activity

In related news, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was 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 Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Julie B. Rottenberg sold 2,572 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $340.00, for a total value of $874,480.00. Following the completion of the transaction, the general counsel now owns 11,925 shares of the company’s stock, valued at $4,054,500. The trade was a 17.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 143,205 shares of company stock worth $48,560,961. 0.13% of the stock is currently owned by corporate insiders.

Visa Stock Up 0.3 %

NYSE V opened at $344.95 on Wednesday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. The company has a market cap of $640.84 billion, a price-to-earnings ratio of 34.77, a PEG ratio of 2.33 and a beta of 0.95. The company has a 50 day moving average of $341.94 and a 200-day moving average of $314.21. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $366.54.

Visa (NYSE:V) last announced its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, beating 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%. On average, equities research analysts expect that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.68%. The ex-dividend date was Tuesday, February 11th. Visa’s dividend payout ratio is currently 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.