Alpha Cubed Investments LLC Has $37.78 Million Holdings in Visa Inc. (NYSE:V)

Alpha Cubed Investments LLC raised its holdings in Visa Inc. (NYSE:V) by 1.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 119,538 shares of the credit-card processor’s stock after buying an additional 1,736 shares during the quarter. Visa accounts for 1.7% of Alpha Cubed Investments LLC’s investment portfolio, making the stock its 19th largest holding. Alpha Cubed Investments LLC’s holdings in Visa were worth $37,779,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Decker Retirement Planning Inc. acquired a new position in shares of Visa during the fourth quarter worth approximately $26,000. Peterson Financial Group Inc. purchased a new stake in Visa in the 3rd quarter valued at $26,000. Modus Advisors LLC purchased a new stake in Visa in the 4th quarter valued at $32,000. Reston Wealth Management LLC purchased a new stake in Visa in the 3rd quarter valued at $31,000. Finally, Sugar Maple Asset Management LLC purchased a new stake in Visa in the 4th quarter valued at $44,000. 82.15% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

V has been the subject of a number of analyst reports. TD Cowen increased their price target on Visa from $318.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft upped their price objective on Visa from $300.00 to $340.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Susquehanna upped their price objective on Visa from $339.00 to $375.00 and gave the company a “positive” rating in a research note on Wednesday, December 11th. Royal Bank of Canada increased their price target on Visa from $311.00 to $322.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Finally, Barclays increased their price target on Visa from $319.00 to $347.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Four analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Visa has an average rating of “Moderate Buy” and an average target price of $332.81.

Insider Transactions at Visa

In related news, CEO Ryan Mcinerney sold 8,620 shares of Visa 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Paul D. Fabara sold 2,171 shares of Visa stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total value of $668,602.87. Following the transaction, the insider now 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. Corporate insiders own 0.13% of the company’s stock.

Visa Price Performance

Shares of V stock opened at $328.18 on Friday. The firm has a market cap of $611.36 billion, a P/E ratio of 33.73, a P/E/G ratio of 2.17 and a beta of 0.96. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $328.51. The business’s 50 day moving average price is $314.14 and its 200-day moving average price is $289.71. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.28 and a current ratio of 1.28.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share for the quarter, topping analysts’ consensus estimates of $2.58 by $0.13. The firm had revenue of $9.62 billion for the quarter, compared to analyst estimates of $9.49 billion. Visa had a return on equity of 53.16% and a net margin of 54.96%. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period last year, the company earned $2.33 EPS. On average, equities research analysts anticipate that Visa Inc. will post 11.2 earnings per share for the current year.

Visa Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th were given a $0.59 dividend. This is a positive change from Visa’s previous quarterly dividend of $0.52. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date was Tuesday, November 12th. Visa’s dividend payout ratio (DPR) is currently 24.25%.

Visa Company 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.