Outlook Wealth Advisors LLC Has $1.16 Million Stake in Visa Inc. (NYSE:V)

Outlook Wealth Advisors LLC lessened its holdings in shares of Visa Inc. (NYSE:V) by 6.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,458 shares of the credit-card processor’s stock after selling 288 shares during the period. Outlook Wealth Advisors LLC’s holdings in Visa were worth $1,161,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in V. Triasima Portfolio Management inc. boosted its stake in shares of Visa by 29.6% during the 4th quarter. Triasima Portfolio Management inc. now owns 15,409 shares of the credit-card processor’s stock worth $4,012,000 after acquiring an additional 3,520 shares during the period. Crumly & Associates Inc. boosted its holdings in Visa by 43.8% in the fourth quarter. Crumly & Associates Inc. now owns 2,023 shares of the credit-card processor’s stock worth $527,000 after acquiring an additional 616 shares in the last quarter. Louisiana State Employees Retirement System bought a new stake in Visa during the fourth quarter worth $25,098,000. WCM Investment Management LLC increased its position in Visa by 1.0% in the fourth quarter. WCM Investment Management LLC now owns 2,519,197 shares of the credit-card processor’s stock worth $655,999,000 after buying an additional 25,366 shares during the last quarter. Finally, MV Capital Management Inc. grew its position in shares of Visa by 1.4% in the fourth quarter. MV Capital Management Inc. now owns 15,959 shares of the credit-card processor’s stock valued at $4,155,000 after purchasing an additional 216 shares in the last quarter. Institutional investors own 82.15% of the company’s stock.

Visa Stock Performance

Shares of V stock opened at $271.28 on Tuesday. The business has a 50 day moving average of $280.04 and a two-hundred day moving average of $262.19. The company has a market cap of $498.21 billion, a P/E ratio of 31.22, a PEG ratio of 1.91 and a beta of 0.96. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.54. Visa Inc. has a 52 week low of $216.14 and a 52 week high of $290.96.

Visa (NYSE:V) last posted its quarterly earnings results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.34 by $0.07. The company had revenue of $8.63 billion for the quarter, compared to analysts’ expectations of $8.55 billion. Visa had a return on equity of 50.02% and a net margin of 53.92%. The firm’s revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.18 earnings per share. As a group, analysts anticipate that Visa Inc. will post 9.89 EPS for the current year.

Visa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 9th were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date was Thursday, February 8th. Visa’s dividend payout ratio is presently 23.94%.

Analyst Ratings Changes

A number of research analysts recently issued reports on V shares. Wedbush boosted their price target on Visa from $270.00 to $280.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Monness Crespi & Hardt initiated coverage on Visa in a report on Wednesday, December 20th. They issued a “neutral” rating for the company. Citigroup increased their price objective on Visa from $296.00 to $306.00 and gave the company a “buy” rating in a report on Thursday, January 18th. KeyCorp increased their price target on Visa from $275.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday, January 8th. Finally, Keefe, Bruyette & Woods raised their target price on Visa from $305.00 to $315.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. Five equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat.com, Visa presently has a consensus rating of “Moderate Buy” and an average price target of $296.87.

Insider Buying and Selling

In other news, CAO Peter M. Andreski sold 2,615 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were 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 owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Visa news, CAO Peter M. Andreski sold 2,615 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total transaction of $729,271.20. Following the sale, the chief accounting officer now directly owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Ryan Mcinerney sold 8,200 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 538 shares in the company, valued at $150,833.68. The disclosure for this sale can be found here. Over the last three months, insiders sold 55,511 shares of company stock worth $15,131,081. Corporate insiders own 0.19% of the company’s stock.

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.