Peterson Wealth Services Buys 560 Shares of Visa Inc. (NYSE:V)

Peterson Wealth Services boosted its holdings in Visa Inc. (NYSE:V) by 2.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,909 shares of the credit-card processor’s stock after purchasing an additional 560 shares during the period. Visa makes up 2.2% of Peterson Wealth Services’ portfolio, making the stock its 11th largest position. Peterson Wealth Services’ holdings in Visa were worth $5,183,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in V. Hibernia Wealth Partners LLC purchased a new position in shares of Visa in the third quarter valued at about $25,000. Altshuler Shaham Ltd purchased a new position in shares of Visa in the third quarter valued at about $25,000. O Brien Wealth Partners LLC purchased a new position in shares of Visa in the fourth quarter valued at about $32,000. Nalls Sherbakoff Group LLC increased its position in shares of Visa by 545.5% in the third quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock valued at $33,000 after acquiring an additional 120 shares during the period. Finally, Valued Wealth Advisors LLC purchased a new position in shares of Visa in the fourth quarter valued at about $37,000. 82.15% of the stock is owned by institutional investors.

Insider Transactions at Visa

In other news, CAO Peter M. Andreski sold 2,615 shares of the stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total value of $729,271.20. Following the completion of the sale, the chief accounting officer now directly owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO Ryan Mcinerney sold 8,200 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the completion of the transaction, the chief executive officer now directly owns 538 shares of the company’s stock, valued at $150,833.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Peter M. Andreski sold 2,615 shares of the firm’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total transaction of $729,271.20. Following the transaction, the chief accounting officer now directly owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The disclosure for this sale can be found here. Insiders sold a total of 18,965 shares of company stock valued at $5,256,352 over the last three months. Corporate insiders own 0.19% of the company’s stock.

Visa Stock Down 0.5 %

Shares of V stock opened at $271.37 on Friday. Visa Inc. has a 12 month low of $216.14 and a 12 month high of $290.96. The stock has a market cap of $498.37 billion, a P/E ratio of 31.23, a P/E/G ratio of 1.88 and a beta of 0.96. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.54. The company has a 50 day simple moving average of $279.71 and a two-hundred day simple moving average of $262.62.

Visa (NYSE:V) last announced its earnings results on Thursday, January 25th. The credit-card processor reported $2.41 EPS for the quarter, beating analysts’ consensus estimates of $2.34 by $0.07. The business had revenue of $8.63 billion during the quarter, compared to analysts’ expectations of $8.55 billion. Visa had a net margin of 53.92% and a return on equity of 50.02%. The firm’s revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the company earned $2.18 earnings per share. On average, research analysts expect that Visa Inc. will post 9.88 earnings per share for the current year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 9th were paid a $0.52 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.77%. Visa’s dividend payout ratio (DPR) is presently 23.94%.

Wall Street Analysts Forecast Growth

V has been the topic of a number of analyst reports. Royal Bank of Canada boosted their price objective on shares of Visa from $290.00 to $309.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. Susquehanna boosted their price objective on shares of Visa from $300.00 to $326.00 and gave the company a “positive” rating in a research report on Friday, January 26th. Evercore ISI boosted their price target on shares of Visa from $325.00 to $335.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. Keefe, Bruyette & Woods boosted their price target on shares of Visa from $305.00 to $315.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. Finally, Redburn Atlantic reiterated a “neutral” rating and set a $307.00 price target on shares of Visa in a research report on Wednesday, March 27th. Five analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat, Visa currently has a consensus rating of “Moderate Buy” and an average target price of $298.43.

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.