Lowe Wealth Advisors LLC Sells 60 Shares of Visa Inc. (NYSE:V)

Lowe Wealth Advisors LLC lessened its position in Visa Inc. (NYSE:V) by 12.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 406 shares of the credit-card processor’s stock after selling 60 shares during the period. Lowe Wealth Advisors LLC’s holdings in Visa were worth $128,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. AdvisorShares Investments LLC grew its position in shares of Visa by 4.3% in the 2nd quarter. AdvisorShares Investments LLC now owns 1,695 shares of the credit-card processor’s stock valued at $446,000 after purchasing an additional 70 shares during the period. Qsemble Capital Management LP lifted its position in Visa by 187.7% in the 2nd quarter. Qsemble Capital Management LP now owns 15,550 shares of the credit-card processor’s stock valued at $4,081,000 after acquiring an additional 10,146 shares in the last quarter. Cibc World Market Inc. increased its holdings in Visa by 2.2% during the 2nd quarter. Cibc World Market Inc. now owns 882,371 shares of the credit-card processor’s stock worth $231,596,000 after purchasing an additional 19,232 shares in the last quarter. Y.D. More Investments Ltd raised its stake in shares of Visa by 9.4% in the 2nd quarter. Y.D. More Investments Ltd now owns 17,109 shares of the credit-card processor’s stock valued at $4,490,000 after purchasing an additional 1,466 shares during the period. Finally, Achmea Investment Management B.V. lifted its holdings in shares of Visa by 3.5% in the second quarter. Achmea Investment Management B.V. now owns 185,329 shares of the credit-card processor’s stock valued at $48,644,000 after purchasing an additional 6,253 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Visa Price Performance

V traded down $4.89 on Friday, hitting $307.71. 6,580,342 shares of the stock were exchanged, compared to its average volume of 5,172,625. The firm has a market capitalization of $573.23 billion, a price-to-earnings ratio of 31.62, a PEG ratio of 2.11 and a beta of 0.96. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.28 and a quick ratio of 1.28. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $321.61. The business has a 50-day moving average of $311.80 and a two-hundred day moving average of $286.63.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share for the quarter, beating the consensus estimate of $2.58 by $0.13. The business had revenue of $9.62 billion for the quarter, compared to analyst estimates of $9.49 billion. Visa had a return on equity of 53.16% and a net margin of 54.96%. Visa’s revenue was up 11.7% compared to the same quarter last year. During the same period last year, the firm posted $2.33 earnings per share. Sell-side analysts forecast that Visa Inc. will post 11.23 EPS for the current fiscal year.

Visa Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend was Tuesday, November 12th. This is a boost from Visa’s previous quarterly dividend of $0.52. Visa’s dividend payout ratio is presently 24.25%.

Insider Activity at Visa

In other news, insider Paul D. Fabara sold 2,171 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total value of $668,602.87. Following the transaction, the insider now owns 17,894 shares in the company, valued at approximately $5,510,815.18. The trade was a 10.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total transaction of $2,739,263.60. The disclosure for this sale can be found here. 0.13% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have commented on V. Oppenheimer boosted their target price on Visa from $321.00 to $375.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Piper Sandler increased their price objective on shares of Visa from $319.00 to $322.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Robert W. Baird increased their price target on Visa from $330.00 to $340.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Macquarie upped their price objective on Visa from $300.00 to $335.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Finally, Barclays boosted their target price on shares of Visa from $319.00 to $347.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. Four research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $330.85.

About Visa

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.