U.S. Capital Wealth Advisors LLC Grows Stock Position in Visa Inc. (NYSE:V)

U.S. Capital Wealth Advisors LLC raised its holdings in shares of Visa Inc. (NYSE:V) by 4.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 56,272 shares of the credit-card processor’s stock after purchasing an additional 2,518 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in Visa were worth $17,784,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Czech National Bank increased its position in Visa by 13.4% during the 3rd quarter. Czech National Bank now owns 340,238 shares of the credit-card processor’s stock worth $93,548,000 after purchasing an additional 40,268 shares in the last quarter. Security National Bank boosted its stake in shares of Visa by 0.4% during the 3rd quarter. Security National Bank now owns 38,642 shares of the credit-card processor’s stock worth $10,625,000 after purchasing an additional 149 shares during the last quarter. Greenfield Savings Bank grew its holdings in shares of Visa by 4.7% during the third quarter. Greenfield Savings Bank now owns 5,255 shares of the credit-card processor’s stock worth $1,445,000 after buying an additional 235 shares in the last quarter. Versant Capital Management Inc raised its position in shares of Visa by 6.8% in the third quarter. Versant Capital Management Inc now owns 3,668 shares of the credit-card processor’s stock valued at $1,009,000 after buying an additional 234 shares during the last quarter. Finally, Ignite Planners LLC lifted its stake in shares of Visa by 3.6% during the third quarter. Ignite Planners LLC now owns 2,822 shares of the credit-card processor’s stock valued at $776,000 after buying an additional 97 shares during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insiders Place Their Bets

In other Visa news, General Counsel Julie B. Rottenberg sold 2,572 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $340.00, for a total transaction of $874,480.00. Following the completion of the sale, the general counsel now owns 11,925 shares in the company, valued at $4,054,500. The trade was a 17.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was 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. Insiders sold a total of 21,983 shares of company stock valued at $7,213,146 in the last ninety days. Corporate insiders own 0.13% of the company’s stock.

Visa Stock Performance

NYSE:V opened at $345.31 on Wednesday. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $351.25. The stock has a market cap of $643.27 billion, a P/E ratio of 34.81, a PEG ratio of 2.30 and a beta of 0.97. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.28. The firm has a 50-day moving average of $318.40 and a two-hundred day moving average of $293.81.

Visa (NYSE:V) last issued its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, beating 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%. On average, research analysts expect that Visa Inc. will post 11.2 earnings per share for the current fiscal year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th will be paid a dividend of $0.59 per share. The ex-dividend date is Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a yield of 0.68%. Visa’s dividend payout ratio (DPR) is 23.79%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on V. BMO Capital Markets boosted their price target on Visa from $310.00 to $320.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. UBS Group raised their price target on Visa from $350.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. JPMorgan Chase & Co. upped their price objective on shares of Visa from $340.00 to $375.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Mizuho raised their target price on shares of Visa from $279.00 to $292.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Finally, Morgan Stanley upped their price target on shares of Visa from $326.00 to $371.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Four investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $354.73.

Visa 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.