Wealthcare Advisory Partners LLC Purchases 779 Shares of Visa Inc. (NYSE:V)

Wealthcare Advisory Partners LLC grew its stake in shares of Visa Inc. (NYSE:V) by 6.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,026 shares of the credit-card processor’s stock after buying an additional 779 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Visa were worth $3,131,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Nadler Financial Group Inc. increased its holdings in Visa by 2.4% during the 4th quarter. Nadler Financial Group Inc. now owns 1,900 shares of the credit-card processor’s stock valued at $495,000 after purchasing an additional 44 shares during the period. Towerpoint Wealth LLC bought a new stake in shares of Visa in the 4th quarter worth approximately $216,000. Andrew Hill Investment Advisors Inc. purchased a new position in shares of Visa during the fourth quarter valued at approximately $3,427,000. Wayfinding Financial LLC raised its holdings in shares of Visa by 10.1% during the third quarter. Wayfinding Financial LLC now owns 1,757 shares of the credit-card processor’s stock valued at $406,000 after acquiring an additional 161 shares in the last quarter. Finally, Richelieu Gestion SA purchased a new stake in Visa in the fourth quarter worth $307,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insider Activity at Visa

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. In other Visa news, CEO Ryan Mcinerney sold 8,200 shares of Visa stock in a transaction on Monday, April 1st. The shares were sold at an average price of $280.36, for a total value 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 approximately $150,833.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Peter M. Andreski sold 2,615 shares of Visa stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total transaction of $729,271.20. Following the completion of 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. Over the last ninety days, insiders sold 11,724 shares of company stock valued at $3,278,698. Corporate insiders own 0.19% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on V. TD Cowen initiated coverage on shares of Visa in a research report on Thursday, April 11th. They set a “buy” rating and a $320.00 price objective on the stock. Susquehanna increased their price target on shares of Visa from $300.00 to $326.00 and gave the stock a “positive” rating in a research note on Friday, January 26th. Wedbush increased their price target on shares of Visa from $280.00 to $300.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Raymond James increased their price target on shares of Visa from $287.00 to $311.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. Finally, Macquarie increased their price target on shares of Visa from $290.00 to $300.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Five analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat, Visa has a consensus rating of “Moderate Buy” and an average target price of $303.00.

Visa Price Performance

Shares of V stock traded up $4.18 on Monday, hitting $272.67. 3,931,997 shares of the stock traded hands, compared to its average volume of 5,881,426. The firm has a market cap of $498.70 billion, a price-to-earnings ratio of 30.47, a PEG ratio of 1.84 and a beta of 0.95. Visa Inc. has a 52 week low of $216.14 and a 52 week high of $290.96. The firm has a 50 day simple moving average of $277.94 and a two-hundred day simple moving average of $266.06. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.40 and a quick ratio of 1.40.

Visa (NYSE:V) last posted its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share for the quarter, beating the consensus estimate of $2.43 by $0.08. The company had revenue of $8.78 billion during the quarter, compared to analysts’ expectations of $8.62 billion. Visa had a net margin of 53.87% and a return on equity of 51.23%. Visa’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period last year, the company posted $2.09 earnings per share. As a group, equities research analysts predict that Visa Inc. will post 9.94 earnings per share for the current fiscal year.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 17th will be paid a dividend of $0.52 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.08 annualized dividend and a yield of 0.76%. Visa’s payout ratio is 23.24%.

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.