Visa Inc. (NYSE:V) Shares Acquired by Childress Capital Advisors LLC

Childress Capital Advisors LLC increased its position in shares of Visa Inc. (NYSE:V) by 2.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,760 shares of the credit-card processor’s stock after purchasing an additional 118 shares during the period. Childress Capital Advisors LLC’s holdings in Visa were worth $1,820,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Decker Retirement Planning Inc. purchased a new position in shares of Visa in the 4th quarter valued at $26,000. Peterson Financial Group Inc. purchased a new position in Visa during the 3rd quarter worth $26,000. Modus Advisors LLC acquired a new position in Visa in the fourth quarter valued at $32,000. Reston Wealth Management LLC purchased a new stake in shares of Visa in the third quarter valued at about $31,000. Finally, Sugar Maple Asset Management LLC acquired a new stake in shares of Visa during the fourth quarter worth about $44,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insider Activity

In other news, insider Paul D. Fabara sold 2,171 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total transaction of $668,602.87. Following the transaction, the insider now directly owns 17,894 shares in the company, valued at approximately $5,510,815.18. This represents a 10.82 % decrease in their ownership of the stock. 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 that occurred 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,983 shares of company stock worth $7,213,146. 0.13% of the stock is owned by corporate insiders.

Visa Trading Up 1.2 %

Shares of Visa stock opened at $349.27 on Thursday. The company’s fifty day moving average price is $319.07 and its two-hundred day moving average price is $294.37. The firm has a market capitalization of $650.64 billion, a PE ratio of 35.21, a price-to-earnings-growth ratio of 2.30 and a beta of 0.97. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $351.25. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.28.

Visa (NYSE:V) last posted its 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%. On average, analysts expect that Visa Inc. will post 11.2 EPS for the current year.

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th will be issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.68%. The ex-dividend date is Tuesday, February 11th. Visa’s payout ratio is presently 23.79%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Susquehanna boosted their target price on Visa from $375.00 to $395.00 and gave the company a “positive” rating in a report on Friday, January 31st. Piper Sandler reaffirmed an “overweight” rating and set a $383.00 price objective (up previously from $368.00) on shares of Visa in a report on Friday, January 31st. Oppenheimer raised their target price on Visa from $375.00 to $390.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Barclays increased their price target on shares of Visa from $361.00 to $396.00 and gave the company an “overweight” rating in a report on Monday. Finally, Seaport Res Ptn raised shares of Visa from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Four research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $354.73.

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.