Turtle Creek Wealth Advisors LLC Grows Position in Visa Inc. (NYSE:V)

Turtle Creek Wealth Advisors LLC lifted its position in Visa Inc. (NYSE:V) by 5.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,828 shares of the credit-card processor’s stock after acquiring an additional 937 shares during the quarter. Visa makes up approximately 1.3% of Turtle Creek Wealth Advisors LLC’s portfolio, making the stock its 23rd largest position. Turtle Creek Wealth Advisors LLC’s holdings in Visa were worth $5,634,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Hamilton Point Investment Advisors LLC increased its position in shares of Visa by 1.7% during the fourth quarter. Hamilton Point Investment Advisors LLC now owns 25,630 shares of the credit-card processor’s stock valued at $8,100,000 after acquiring an additional 431 shares during the last quarter. Alta Wealth Advisors LLC increased its position in shares of Visa by 7.4% during the 4th quarter. Alta Wealth Advisors LLC now owns 3,837 shares of the credit-card processor’s stock valued at $1,213,000 after purchasing an additional 264 shares during the last quarter. Powers Advisory Group LLC raised its stake in shares of Visa by 7.2% during the 4th quarter. Powers Advisory Group LLC now owns 1,207 shares of the credit-card processor’s stock worth $382,000 after purchasing an additional 81 shares during the period. Intergy Private Wealth LLC boosted its holdings in shares of Visa by 4.2% in the 4th quarter. Intergy Private Wealth LLC now owns 1,677 shares of the credit-card processor’s stock worth $530,000 after buying an additional 67 shares during the last quarter. Finally, Institute for Wealth Management LLC. grew its position in Visa by 0.8% during the fourth quarter. Institute for Wealth Management LLC. now owns 13,874 shares of the credit-card processor’s stock valued at $4,385,000 after buying an additional 116 shares during the period. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on V. Wells Fargo & Company boosted their target price on shares of Visa from $360.00 to $395.00 and gave the company an “overweight” rating in a research note on Friday. JPMorgan Chase & Co. increased their price objective on Visa from $340.00 to $375.00 and gave the company an “overweight” rating in a report on Friday. UBS Group raised their target price on Visa from $350.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday. Seaport Res Ptn raised Visa from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Finally, Barclays lifted their price objective on Visa from $319.00 to $347.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. Four equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Visa currently has an average rating of “Moderate Buy” and a consensus target price of $352.27.

Insider Buying and Selling at Visa

In related news, insider Paul D. Fabara sold 2,171 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $307.97, for a total value of $668,602.87. Following the sale, the insider now directly owns 17,894 shares of the company’s stock, valued at $5,510,815.18. This trade represents a 10.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the company’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 value of $2,739,263.60. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by corporate insiders.

Visa Stock Performance

Visa stock opened at $342.05 on Monday. The firm has a fifty day simple moving average of $317.74 and a two-hundred day simple moving average of $293.12. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $351.25. The company has a market capitalization of $637.19 billion, a PE ratio of 35.15, a P/E/G ratio of 2.27 and a beta of 0.96. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.55.

Visa (NYSE:V) last posted its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.09. Visa had a return on equity of 53.16% and a net margin of 54.96%. Research analysts expect that Visa Inc. will post 11.18 EPS for the current year.

Visa Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 11th will be issued a dividend of $0.59 per share. The ex-dividend date is Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a yield of 0.69%. Visa’s dividend payout ratio is currently 23.79%.

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.