Visa Inc. (NYSE:V) Stock Holdings Increased by Heirloom Wealth Management

Heirloom Wealth Management increased its stake in shares of Visa Inc. (NYSE:VFree Report) by 1.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 69,719 shares of the credit-card processor’s stock after acquiring an additional 986 shares during the period. Visa comprises about 7.0% of Heirloom Wealth Management’s portfolio, making the stock its 5th biggest position. Heirloom Wealth Management’s holdings in Visa were worth $18,151,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Geneva Partners LLC raised its position in Visa by 13.5% during the fourth quarter. Geneva Partners LLC now owns 2,539 shares of the credit-card processor’s stock worth $661,000 after acquiring an additional 302 shares during the last quarter. Onyx Bridge Wealth Group LLC raised its position in Visa by 13.6% during the fourth quarter. Onyx Bridge Wealth Group LLC now owns 7,498 shares of the credit-card processor’s stock worth $1,952,000 after acquiring an additional 898 shares during the last quarter. Wetzel Investment Advisors Inc. acquired a new position in Visa during the fourth quarter worth about $290,000. Naples Money Management LLC acquired a new position in Visa during the fourth quarter worth about $217,000. Finally, Tanager Wealth Management LLP acquired a new position in Visa during the fourth quarter worth about $203,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on V. Wedbush lifted their target price on shares of Visa from $270.00 to $280.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. Royal Bank of Canada boosted their price objective on shares of Visa from $290.00 to $309.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. Robert W. Baird boosted their price objective on shares of Visa from $314.00 to $320.00 and gave the company an “outperform” rating in a research report on Wednesday. Evercore ISI boosted their price objective on shares of Visa from $325.00 to $335.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. Finally, Citigroup boosted their price objective on shares of Visa from $296.00 to $306.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. Five research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $298.43.

Check Out Our Latest Report on Visa

Visa Stock Performance

Shares of V stock opened at $269.78 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.45 and a current ratio of 1.45. Visa Inc. has a one year low of $216.14 and a one year high of $290.96. The company has a 50 day moving average price of $279.58 and a 200 day moving average price of $263.12. The firm has a market capitalization of $495.45 billion, a price-to-earnings ratio of 31.04, a price-to-earnings-growth ratio of 1.86 and a beta of 0.96.

Visa (NYSE:VGet Free Report) last released its quarterly earnings data on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.34 by $0.07. Visa had a net margin of 53.92% and a return on equity of 50.02%. The company had revenue of $8.63 billion during the quarter, compared to the consensus estimate of $8.55 billion. During the same period in the previous year, the firm earned $2.18 earnings per share. Visa’s revenue for the quarter was up 9.3% on a year-over-year basis. Sell-side analysts anticipate that Visa Inc. will post 9.88 EPS for the current year.

Visa Announces Dividend

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

Insiders Place Their Bets

In other Visa news, CEO Ryan Mcinerney sold 8,200 shares of the business’s 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 completion of the sale, the chief executive officer now directly owns 538 shares in the company, valued at $150,833.68. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Visa news, CEO Ryan Mcinerney sold 8,200 shares of the business’s 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 completion of the sale, the chief executive officer now directly owns 538 shares in the company, valued at $150,833.68. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Peter M. Andreski sold 2,615 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total transaction of $729,271.20. Following the sale, the chief accounting officer now owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The disclosure for this sale can be found here. Insiders sold a total of 18,965 shares of company stock worth $5,256,352 over the last ninety days. 0.19% of the stock is owned by company insiders.

Visa Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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