Fiduciary Family Office LLC Has $2.88 Million Stock Position in Visa Inc. (NYSE:V)

Fiduciary Family Office LLC boosted its holdings in Visa Inc. (NYSE:V) by 18.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,489 shares of the credit-card processor’s stock after buying an additional 1,630 shares during the quarter. Visa makes up 1.0% of Fiduciary Family Office LLC’s holdings, making the stock its 12th biggest holding. Fiduciary Family Office LLC’s holdings in Visa were worth $2,884,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Falcon Wealth Planning boosted its stake in Visa by 5.7% in the third quarter. Falcon Wealth Planning now owns 1,393 shares of the credit-card processor’s stock valued at $383,000 after buying an additional 75 shares in the last quarter. Austin Private Wealth LLC raised its position in Visa by 2.7% in the third quarter. Austin Private Wealth LLC now owns 5,019 shares of the credit-card processor’s stock valued at $1,380,000 after purchasing an additional 132 shares during the last quarter. Global Wealth Management Investment Advisory Inc. bought a new position in Visa in the third quarter valued at about $205,000. Heritage Investors Management Corp raised its position in Visa by 3.1% in the third quarter. Heritage Investors Management Corp now owns 42,370 shares of the credit-card processor’s stock valued at $11,650,000 after purchasing an additional 1,271 shares during the last quarter. Finally, Arthur M. Cohen & Associates LLC raised its position in Visa by 14.0% in the third quarter. Arthur M. Cohen & Associates LLC now owns 9,023 shares of the credit-card processor’s stock valued at $2,504,000 after purchasing an additional 1,105 shares during the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Visa Stock Up 0.5 %

Shares of NYSE:V opened at $293.36 on Wednesday. The business’s 50 day moving average is $281.92 and its 200 day moving average is $273.97. The stock has a market cap of $534.59 billion, a price-to-earnings ratio of 30.15, a PEG ratio of 1.96 and a beta of 0.95. Visa Inc. has a 12-month low of $240.97 and a 12-month high of $296.34. The company has a quick ratio of 1.37, a current ratio of 1.28 and a debt-to-equity ratio of 0.55.

Visa (NYSE:V) last issued its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 EPS for the quarter, topping analysts’ consensus estimates 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 quarterly revenue was up 11.7% compared to the same quarter last year. During the same period last year, the company posted $2.33 earnings per share. On average, sell-side analysts forecast that Visa Inc. will post 11.18 earnings per share for the current fiscal year.

Visa Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Tuesday, November 12th will be issued a dividend of $0.59 per share. This is a positive change from Visa’s previous quarterly dividend of $0.52. This represents a $2.36 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend is Tuesday, November 12th. Visa’s dividend payout ratio (DPR) is 21.38%.

Insider Buying and Selling

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $276.37, for a total value of $2,382,309.40. Following the sale, the chief executive officer now directly owns 538 shares in the company, valued at $148,687.06. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.19% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on V shares. Susquehanna increased their target price on Visa from $326.00 to $339.00 and gave the company a “positive” rating in a research report on Wednesday, October 30th. Monness Crespi & Hardt restated a “neutral” rating on shares of Visa in a research report on Tuesday, September 24th. Bank of America raised their price objective on Visa from $279.00 to $308.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 17th. BMO Capital Markets raised their price objective on Visa from $310.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Finally, William Blair upgraded Visa to a “strong-buy” rating in a research report on Tuesday, July 23rd. Four analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $321.74.

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.