Visa Inc. (NYSE:V) Shares Acquired by Wealthcare Capital Partners LLC

Wealthcare Capital Partners LLC boosted its stake in shares of Visa Inc. (NYSE:V) by 15.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,296 shares of the credit-card processor’s stock after buying an additional 169 shares during the quarter. Wealthcare Capital Partners LLC’s holdings in Visa were worth $454,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bradley & Co. Private Wealth Management LLC acquired a new position in Visa during the fourth quarter worth about $27,000. POM Investment Strategies LLC grew its position in Visa by 48.5% during the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock worth $31,000 after buying an additional 32 shares during the period. Compass Planning Associates Inc acquired a new position in Visa during the fourth quarter worth about $32,000. FPC Investment Advisory Inc. grew its position in Visa by 377.3% during the fourth quarter. FPC Investment Advisory Inc. now owns 105 shares of the credit-card processor’s stock worth $36,000 after buying an additional 83 shares during the period. Finally, NewSquare Capital LLC purchased a new stake in shares of Visa in the fourth quarter valued at about $35,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Truist Financial assumed coverage on shares of Visa in a report on Monday, June 2nd. They issued a “buy” rating and a $400.00 price target on the stock. Evercore ISI assumed coverage on shares of Visa in a report on Wednesday, April 9th. They issued an “in-line” rating and a $330.00 price target on the stock. Mizuho raised shares of Visa from a “neutral” rating to an “outperform” rating and upped their price target for the company from $359.00 to $425.00 in a report on Thursday. The Goldman Sachs Group assumed coverage on shares of Visa in a report on Monday, June 2nd. They issued a “neutral” rating on the stock. Finally, Wall Street Zen raised shares of Visa from a “hold” rating to a “buy” rating in a report on Monday, May 12th. Five analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $372.80.

Insider Transactions at Visa

In related news, insider Paul D. Fabara sold 46,214 shares of the firm’s stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $370.00, for a total transaction of $17,099,180.00. Following the completion of the sale, the insider now directly owns 26,413 shares of the company’s stock, valued at approximately $9,772,810. This trade represents a 63.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of the firm’s stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $345.58, for a total transaction of $889,868.50. Following the sale, the general counsel now directly owns 11,925 shares of the company’s stock, valued at approximately $4,121,041.50. The trade was a 17.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 168,162 shares of company stock valued at $58,645,479 over the last 90 days. Corporate insiders own 0.13% of the company’s stock.

Visa Price Performance

Visa stock opened at $370.44 on Friday. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $371.00. The firm has a fifty day moving average of $345.45 and a 200-day moving average of $335.70. The firm has a market capitalization of $683.52 billion, a P/E ratio of 37.34, a PEG ratio of 2.33 and a beta of 0.94. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.68 by $0.08. Visa had a net margin of 54.27% and a return on equity of 54.79%. The company had revenue of $9.59 billion during the quarter, compared to analyst estimates of $9.57 billion. During the same quarter in the prior year, the business earned $2.51 earnings per share. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. As a group, analysts predict that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th were given a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.64%. The ex-dividend date was Tuesday, May 13th. Visa’s payout ratio is currently 23.72%.

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.