Yarger Wealth Strategies LLC Has $730,000 Position in Visa Inc. (NYSE:V)

Yarger Wealth Strategies LLC raised its position in Visa Inc. (NYSE:V) by 14.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,309 shares of the credit-card processor’s stock after buying an additional 283 shares during the quarter. Yarger Wealth Strategies LLC’s holdings in Visa were worth $730,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Woodstock Corp grew its position in shares of Visa by 0.6% during the 4th quarter. Woodstock Corp now owns 36,844 shares of the credit-card processor’s stock worth $11,644,000 after purchasing an additional 218 shares in the last quarter. Truefg LLC boosted its stake in shares of Visa by 6.8% in the fourth quarter. Truefg LLC now owns 3,076 shares of the credit-card processor’s stock valued at $972,000 after buying an additional 195 shares during the period. Goldstone Financial Group LLC grew its position in Visa by 10.6% during the fourth quarter. Goldstone Financial Group LLC now owns 1,355 shares of the credit-card processor’s stock worth $428,000 after buying an additional 130 shares in the last quarter. Channel Wealth LLC increased its stake in Visa by 2.2% during the 4th quarter. Channel Wealth LLC now owns 7,117 shares of the credit-card processor’s stock worth $2,249,000 after acquiring an additional 155 shares during the period. Finally, Capital Planning LLC raised its holdings in Visa by 21.2% in the 4th quarter. Capital Planning LLC now owns 949 shares of the credit-card processor’s stock valued at $300,000 after acquiring an additional 166 shares in the last quarter. Institutional investors own 82.15% of the company’s stock.

Analyst Upgrades and Downgrades

V has been the topic of a number of recent analyst reports. BMO Capital Markets raised their price target on Visa from $310.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Barclays upped their price target on shares of Visa from $319.00 to $347.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. Oppenheimer lifted their price objective on shares of Visa from $321.00 to $375.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Macquarie upped their target price on Visa from $300.00 to $335.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Finally, Jefferies Financial Group lifted their price target on Visa from $320.00 to $330.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Visa currently has a consensus rating of “Moderate Buy” and an average target price of $331.92.

Insider Buying and Selling at Visa

In other news, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total value of $2,739,263.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Paul D. Fabara sold 2,171 shares of the business’s stock in a transaction dated 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 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.

Visa Stock Up 0.9 %

Shares of NYSE V opened at $319.97 on Friday. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $321.61. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.28 and a current ratio of 1.28. The company’s 50 day moving average price is $313.41 and its 200-day moving average price is $288.45. The company has a market capitalization of $596.06 billion, a P/E ratio of 32.88, a price-to-earnings-growth ratio of 2.06 and a beta of 0.96.

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

Visa Increases Dividend

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

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.