Turtle Creek Wealth Advisors LLC Acquires 937 Shares of Visa Inc. (NYSE:V)

Turtle Creek Wealth Advisors LLC grew its holdings in shares of Visa Inc. (NYSE:V) by 5.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 17,828 shares of the credit-card processor’s stock after acquiring an additional 937 shares during the period. Visa makes up approximately 1.3% of Turtle Creek Wealth Advisors LLC’s portfolio, making the stock its 23rd largest holding. Turtle Creek Wealth Advisors LLC’s holdings in Visa were worth $5,634,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Peterson Financial Group Inc. bought a new position in shares of Visa in the third quarter worth approximately $26,000. Decker Retirement Planning Inc. bought a new stake in shares of Visa during the fourth quarter valued at approximately $26,000. Reston Wealth Management LLC purchased a new position in Visa in the 3rd quarter worth approximately $31,000. Modus Advisors LLC bought a new position in Visa in the 4th quarter valued at approximately $32,000. Finally, West Financial Advisors LLC boosted its stake in Visa by 101.4% during the 3rd quarter. West Financial Advisors LLC now owns 145 shares of the credit-card processor’s stock valued at $40,000 after purchasing an additional 73 shares during the last quarter. 82.15% of the stock is owned by institutional investors.

Analyst Ratings Changes

V has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft boosted their price target on Visa from $300.00 to $340.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Piper Sandler upped their target price on shares of Visa from $322.00 to $368.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. TD Cowen lifted their price target on shares of Visa from $318.00 to $325.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Raymond James reissued an “outperform” rating and set a $393.00 price objective (up from $374.00) on shares of Visa in a report on Friday. Finally, Seaport Res Ptn upgraded shares of Visa from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Four equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $352.27.

Insider Buying and Selling

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

Visa Stock Down 0.3 %

Shares of V opened at $342.05 on Monday. The business’s 50 day moving average is $317.74 and its 200 day moving average is $293.12. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.55. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $351.25. The company has a market capitalization of $637.19 billion, a PE ratio of 35.15, a price-to-earnings-growth ratio of 2.27 and a beta of 0.96.

Visa (NYSE:V) last issued its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. Visa had a net margin of 54.96% and a return on equity of 53.16%. Research analysts expect that Visa Inc. will post 11.18 earnings per share for the current fiscal year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th will be issued a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $2.36 annualized dividend and a dividend yield of 0.69%. Visa’s dividend payout ratio (DPR) is 23.79%.

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.