11,266 Shares in Visa Inc. (NYSE:V) Bought by RFG Bristol Wealth Advisors LLC

RFG Bristol Wealth Advisors LLC purchased a new stake in Visa Inc. (NYSE:V) during the 4th quarter, Holdings Channel.com reports. The firm purchased 11,266 shares of the credit-card processor’s stock, valued at approximately $3,560,000. Visa accounts for 1.2% of RFG Bristol Wealth Advisors LLC’s investment portfolio, making the stock its 22nd largest holding.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Visa by 4.6% during the 4th quarter. Vanguard Group Inc. now owns 159,405,343 shares of the credit-card processor’s stock worth $50,378,465,000 after buying an additional 7,079,706 shares in the last quarter. State Street Corp raised its holdings in shares of Visa by 4.5% in the 3rd quarter. State Street Corp now owns 76,610,942 shares of the credit-card processor’s stock valued at $21,064,179,000 after purchasing an additional 3,327,977 shares during the period. Geode Capital Management LLC increased its holdings in shares of Visa by 4.4% during the 4th quarter. Geode Capital Management LLC now owns 40,345,176 shares of the credit-card processor’s stock worth $12,729,901,000 after acquiring an additional 1,689,926 shares during the last quarter. Norges Bank acquired a new position in shares of Visa in the fourth quarter valued at $5,171,271,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in Visa by 6.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 12,241,003 shares of the credit-card processor’s stock valued at $3,868,646,000 after acquiring an additional 718,558 shares during the period. 82.15% of the stock is currently owned by institutional investors.

Visa Stock Down 1.0 %

Shares of Visa stock opened at $346.80 on Wednesday. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $366.54. The firm has a market cap of $644.28 billion, a price-to-earnings ratio of 34.96, a PEG ratio of 2.33 and a beta of 0.95. The company has a 50-day moving average of $344.68 and a 200 day moving average of $316.37. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12.

Visa (NYSE:V) last released its earnings results 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%. As a group, sell-side analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The business 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 (DPR) is 23.79%.

Insider Transactions at Visa

In related news, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $363.00, for a total value of $3,129,060.00. Following the transaction, the chief executive officer now directly owns 537 shares of the company’s stock, valued at approximately $194,931. This represents a 94.14 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Paul D. Fabara sold 39,350 shares of the stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $340.41, for a total value of $13,395,133.50. Following the sale, the insider now owns 26,413 shares in the company, valued at approximately $8,991,249.33. This represents a 59.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 143,205 shares of company stock valued at $48,560,961. Insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

V has been the subject of several recent research reports. Oppenheimer reiterated an “outperform” rating on shares of Visa in a research note on Thursday, February 13th. William Blair reissued an “outperform” rating on shares of Visa in a research note on Friday, January 31st. Citigroup restated a “neutral” rating on shares of Visa in a report on Thursday, February 13th. Wells Fargo & Company raised their target price on Visa from $360.00 to $395.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Finally, UBS Group boosted their price target on shares of Visa from $350.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Five investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $355.84.

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.