Foster Victor Wealth Advisors LLC Has $10.04 Million Holdings in Visa Inc. (NYSE:V)

Foster Victor Wealth Advisors LLC increased its holdings in Visa Inc. (NYSE:V) by 4.6% during the fourth quarter, HoldingsChannel reports. The fund owned 31,403 shares of the credit-card processor’s stock after acquiring an additional 1,380 shares during the quarter. Foster Victor Wealth Advisors LLC’s holdings in Visa were worth $10,037,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Robeco Institutional Asset Management B.V. raised its holdings in shares of Visa by 2.3% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 2,164,116 shares of the credit-card processor’s stock worth $683,947,000 after acquiring an additional 48,607 shares during the last quarter. Verus Wealth Management LLC purchased a new stake in Visa in the 4th quarter valued at about $247,000. Fulton Breakefield Broenniman LLC increased its stake in Visa by 0.6% in the 4th quarter. Fulton Breakefield Broenniman LLC now owns 116,673 shares of the credit-card processor’s stock valued at $36,873,000 after buying an additional 730 shares during the last quarter. Gateway Wealth Partners LLC increased its stake in Visa by 26.4% in the 4th quarter. Gateway Wealth Partners LLC now owns 1,763 shares of the credit-card processor’s stock valued at $557,000 after buying an additional 368 shares during the last quarter. Finally, Capital Investment Counsel LLC increased its stake in Visa by 5.8% in the 4th quarter. Capital Investment Counsel LLC now owns 1,629 shares of the credit-card processor’s stock valued at $515,000 after buying an additional 90 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on V. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Visa from $300.00 to $340.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Bank of America increased their price objective on shares of Visa from $331.00 to $363.00 and gave the company a “neutral” rating in a research note on Friday. Barclays increased their price objective on shares of Visa from $319.00 to $347.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. William Blair reissued an “outperform” rating on shares of Visa in a research report on Friday. Finally, Seaport Res Ptn raised shares of Visa from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Four equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Visa currently has a consensus rating of “Moderate Buy” and a consensus price target of $352.27.

Visa Stock Down 0.3 %

Shares of NYSE:V opened at $342.05 on Friday. The firm has a fifty day moving average price of $317.09 and a two-hundred day moving average price of $292.45. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.28 and a quick ratio of 1.28. Visa Inc. has a one year low of $252.70 and a one year high of $351.25. The company has a market cap of $637.19 billion, a price-to-earnings ratio of 35.15, a PEG ratio of 2.27 and a beta of 0.96.

Visa (NYSE:V) last posted its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. Visa had a net margin of 54.96% and a return on equity of 53.16%. Analysts anticipate that Visa Inc. will post 11.18 EPS for the current fiscal year.

Visa Dividend Announcement

The company also recently disclosed 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. The ex-dividend date is Tuesday, February 11th. This represents a $2.36 annualized dividend and a dividend yield of 0.69%. Visa’s dividend payout ratio (DPR) is presently 24.25%.

Insider Buying and Selling

In other news, insider Paul D. Fabara sold 2,171 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total value of $668,602.87. Following the completion of the sale, the insider now owns 17,894 shares of the company’s stock, valued at approximately $5,510,815.18. This represents a 10.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total transaction of $2,739,263.60. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by corporate insiders.

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.