Capital Advisors Wealth Management LLC Has $4.76 Million Stock Holdings in Visa Inc. (NYSE:V)

Capital Advisors Wealth Management LLC boosted its stake in shares of Visa Inc. (NYSE:V) by 1.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 15,052 shares of the credit-card processor’s stock after buying an additional 209 shares during the period. Capital Advisors Wealth Management LLC’s holdings in Visa were worth $4,757,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Retireful LLC bought a new position in Visa during the 4th quarter worth about $2,335,000. JGP Wealth Management LLC grew its holdings in shares of Visa by 10.5% during the fourth quarter. JGP Wealth Management LLC now owns 3,762 shares of the credit-card processor’s stock worth $1,189,000 after buying an additional 357 shares in the last quarter. Ritholtz Wealth Management grew its holdings in shares of Visa by 1.3% during the fourth quarter. Ritholtz Wealth Management now owns 58,338 shares of the credit-card processor’s stock worth $18,437,000 after buying an additional 766 shares in the last quarter. Sanders Morris Harris LLC raised its position in Visa by 0.4% in the 4th quarter. Sanders Morris Harris LLC now owns 9,623 shares of the credit-card processor’s stock valued at $3,052,000 after buying an additional 37 shares during the last quarter. Finally, West Coast Financial LLC lifted its stake in Visa by 1.3% in the 4th quarter. West Coast Financial LLC now owns 34,066 shares of the credit-card processor’s stock valued at $10,766,000 after acquiring an additional 434 shares in the last quarter. Institutional investors own 82.15% of the company’s stock.

Insider Activity at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction that occurred 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Paul D. Fabara sold 2,171 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at $5,510,815.18. The trade was a 10.82 % decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on V shares. Robert W. Baird lifted their price objective on shares of Visa from $330.00 to $340.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Barclays boosted their price target on shares of Visa from $319.00 to $347.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Susquehanna raised their price objective on Visa from $339.00 to $375.00 and gave the company a “positive” rating in a report on Wednesday, December 11th. Jefferies Financial Group lifted their target price on Visa from $320.00 to $330.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, Keefe, Bruyette & Woods increased their price target on Visa from $335.00 to $360.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Four research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $331.92.

Visa Stock Performance

Visa stock opened at $319.97 on Friday. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.55. The stock has a market cap of $596.06 billion, a PE ratio of 32.88, a P/E/G ratio of 2.06 and a beta of 0.96. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $321.61. The business’s 50-day moving average price is $313.16 and its two-hundred day moving average price is $288.06.

Visa (NYSE:V) last announced its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.58 by $0.13. The company had revenue of $9.62 billion for the quarter, compared to analyst estimates of $9.49 billion. Visa had a net margin of 54.96% and a return on equity of 53.16%. The firm’s revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the firm posted $2.33 EPS. As a group, analysts expect that Visa Inc. will post 11.22 earnings per share for the current fiscal year.

Visa Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.74%. This is a boost from Visa’s previous quarterly dividend of $0.52. The ex-dividend date was Tuesday, November 12th. Visa’s dividend payout ratio is presently 24.25%.

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.