Carrera Capital Advisors Acquires 55 Shares of Visa Inc. (NYSE:V)

Carrera Capital Advisors lifted its holdings in shares of Visa Inc. (NYSE:V) by 3.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,525 shares of the credit-card processor’s stock after acquiring an additional 55 shares during the quarter. Carrera Capital Advisors’ holdings in Visa were worth $482,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Peterson Financial Group Inc. bought a new position in shares of Visa during the 3rd quarter worth approximately $26,000. Decker Retirement Planning Inc. bought a new stake in Visa in the 4th quarter valued at $26,000. Bradley & Co. Private Wealth Management LLC bought a new stake in Visa in the 4th quarter valued at $27,000. POM Investment Strategies LLC boosted its stake in Visa by 48.5% in the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock valued at $31,000 after purchasing an additional 32 shares during the period. Finally, Modus Advisors LLC bought a new stake in Visa in the 4th quarter valued at $32,000. 82.15% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total value of $2,739,263.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Peter M. Andreski sold 2,332 shares of the company’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.62, for a total value of $815,313.84. Following the completion of the sale, the chief accounting officer now owns 4,488 shares in the company, valued at $1,569,094.56. This trade represents a 34.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 64,505 shares of company stock valued at $22,290,507 in the last 90 days. Corporate insiders own 0.13% of the company’s stock.

Visa Price Performance

Shares of V opened at $352.18 on Thursday. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $366.54. The business has a 50-day simple moving average of $335.17 and a two-hundred day simple moving average of $307.55. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The stock has a market cap of $654.27 billion, a PE ratio of 35.50, a PEG ratio of 2.33 and a beta of 0.95.

Visa (NYSE:V) last issued its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. Analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were issued a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a yield of 0.67%. Visa’s payout ratio is presently 23.79%.

Analysts Set New Price Targets

Several analysts recently issued reports on V shares. Wells Fargo & Company boosted their price target on Visa from $360.00 to $395.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Keefe, Bruyette & Woods restated a “hold” rating on shares of Visa in a research note on Thursday, February 13th. Susquehanna boosted their price target on Visa from $395.00 to $410.00 and gave the company a “positive” rating in a research note on Friday, February 21st. Morgan Stanley boosted their price target on Visa from $326.00 to $371.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Finally, Bank of America boosted their price target on Visa from $331.00 to $363.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Six research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $353.96.

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.