Cordatus Wealth Management LLC Acquires 406 Shares of Visa Inc. (NYSE:V)

Cordatus Wealth Management LLC lifted its stake in Visa Inc. (NYSE:V) by 3.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,407 shares of the credit-card processor’s stock after purchasing an additional 406 shares during the period. Visa accounts for approximately 1.0% of Cordatus Wealth Management LLC’s holdings, making the stock its 27th largest holding. Cordatus Wealth Management LLC’s holdings in Visa were worth $3,605,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Centricity Wealth Management LLC bought a new position in Visa during the 4th quarter worth approximately $765,000. Legacy Capital Group California Inc. raised its holdings in Visa by 7.2% in the fourth quarter. Legacy Capital Group California Inc. now owns 1,534 shares of the credit-card processor’s stock worth $485,000 after purchasing an additional 103 shares during the period. JLB & Associates Inc. boosted its position in shares of Visa by 34.1% during the fourth quarter. JLB & Associates Inc. now owns 14,331 shares of the credit-card processor’s stock worth $4,529,000 after purchasing an additional 3,642 shares in the last quarter. Trinity Legacy Partners LLC grew its holdings in shares of Visa by 1.1% in the 4th quarter. Trinity Legacy Partners LLC now owns 18,256 shares of the credit-card processor’s stock valued at $5,770,000 after buying an additional 190 shares during the period. Finally, Financial Harvest LLC bought a new stake in shares of Visa in the 4th quarter valued at $302,000. 82.15% of the stock is owned by institutional investors and hedge funds.

Visa Trading Down 0.6 %

NYSE V opened at $348.27 on Monday. The company has a market cap of $647.01 billion, a PE ratio of 35.11, a PEG ratio of 2.33 and a beta of 0.97. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $357.15. The stock has a 50 day moving average of $329.14 and a 200-day moving average of $302.66. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45.

Visa (NYSE:V) last announced its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, beating analysts’ consensus estimates of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. On average, equities research analysts anticipate that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The firm 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 $0.59 dividend. The ex-dividend date is Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.68%. Visa’s dividend payout ratio is 23.79%.

Analysts Set New Price Targets

V has been the topic of several recent analyst reports. UBS Group lifted their target price on Visa from $350.00 to $400.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Macquarie boosted their price objective on Visa from $300.00 to $335.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Raymond James reissued an “outperform” rating and set a $393.00 target price (up from $374.00) on shares of Visa in a research note on Friday, January 31st. Royal Bank of Canada lifted their price target on shares of Visa from $311.00 to $322.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Finally, Morgan Stanley increased their price objective 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. Six research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Visa currently has a consensus rating of “Moderate Buy” and a consensus target price of $353.96.

Insider Buying and Selling at Visa

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 value of $2,739,263.60. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Tullier Kelly Mahon sold 33,741 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $349.77, for a total value of $11,801,589.57. Following the transaction, the insider now owns 36,566 shares in the company, valued at approximately $12,789,689.82. This trade represents a 47.99 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 55,885 shares of company stock worth $19,161,447 over the last 90 days. Company insiders own 0.13% of the company’s stock.

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.