Alpha Cubed Investments LLC Has $37.78 Million Stock Position in Visa Inc. (NYSE:V)

Alpha Cubed Investments LLC boosted its stake in shares of Visa Inc. (NYSE:V) by 1.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 119,538 shares of the credit-card processor’s stock after buying an additional 1,736 shares during the period. Visa makes up approximately 1.7% of Alpha Cubed Investments LLC’s holdings, making the stock its 19th biggest holding. Alpha Cubed Investments LLC’s holdings in Visa were worth $37,779,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of V. Clear Harbor Asset Management LLC grew its stake in shares of Visa by 4.9% during the 4th quarter. Clear Harbor Asset Management LLC now owns 31,483 shares of the credit-card processor’s stock worth $9,950,000 after acquiring an additional 1,475 shares in the last quarter. Segment Wealth Management LLC grew its stake in shares of Visa by 0.3% during the 4th quarter. Segment Wealth Management LLC now owns 65,517 shares of the credit-card processor’s stock worth $20,706,000 after acquiring an additional 209 shares in the last quarter. Charles Schwab Trust Co grew its stake in shares of Visa by 17.4% during the 4th quarter. Charles Schwab Trust Co now owns 5,395 shares of the credit-card processor’s stock worth $1,705,000 after acquiring an additional 800 shares in the last quarter. Solidarity Wealth LLC grew its stake in shares of Visa by 1.6% during the 4th quarter. Solidarity Wealth LLC now owns 48,302 shares of the credit-card processor’s stock worth $15,265,000 after acquiring an additional 776 shares in the last quarter. Finally, ARS Investment Partners LLC grew its stake in shares of Visa by 17.4% during the 4th quarter. ARS Investment Partners LLC now owns 2,696 shares of the credit-card processor’s stock worth $852,000 after acquiring an additional 400 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Visa

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

Visa Stock Performance

Visa stock opened at $328.18 on Friday. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $328.51. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.55. The business’s 50-day moving average price is $314.14 and its two-hundred day moving average price is $289.71. The stock has a market cap of $611.36 billion, a PE ratio of 33.73, a P/E/G ratio of 2.17 and a beta of 0.96.

Visa (NYSE:V) last released its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.58 by $0.13. The firm had revenue of $9.62 billion for the quarter, compared to analysts’ expectations of $9.49 billion. Visa had a return on equity of 53.16% and a net margin of 54.96%. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.33 earnings per share. As a group, analysts expect that Visa Inc. will post 11.2 earnings per share for the current fiscal year.

Visa Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th were issued a dividend of $0.59 per share. This is a boost from Visa’s previous quarterly dividend of $0.52. This represents a $2.36 annualized dividend and a dividend yield of 0.72%. The ex-dividend date was Tuesday, November 12th. Visa’s payout ratio is 24.25%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on V shares. Mizuho raised their price target on shares of Visa from $279.00 to $292.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Oppenheimer raised their target price on shares of Visa from $321.00 to $375.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Citigroup raised their target price on shares of Visa from $326.00 to $354.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Barclays raised their target price on shares of Visa from $319.00 to $347.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Finally, Macquarie raised their target price on shares of Visa from $300.00 to $335.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Four investment 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 stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $332.81.

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.