CMH Wealth Management LLC Buys 277 Shares of Visa Inc. (NYSE:V)

CMH Wealth Management LLC lifted its holdings in Visa Inc. (NYSE:V) by 1.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 25,966 shares of the credit-card processor’s stock after acquiring an additional 277 shares during the quarter. Visa accounts for about 1.9% of CMH Wealth Management LLC’s holdings, making the stock its 20th biggest holding. CMH Wealth Management LLC’s holdings in Visa were worth $8,206,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Koshinski Asset Management Inc. lifted its holdings in shares of Visa by 1.4% in the 4th quarter. Koshinski Asset Management Inc. now owns 8,459 shares of the credit-card processor’s stock worth $2,673,000 after acquiring an additional 113 shares during the last quarter. Ulland Investment Advisors LLC lifted its holdings in shares of Visa by 0.3% in the 4th quarter. Ulland Investment Advisors LLC now owns 13,050 shares of the credit-card processor’s stock worth $4,124,000 after acquiring an additional 41 shares during the last quarter. Sky Investment Group LLC lifted its holdings in shares of Visa by 2.9% in the 4th quarter. Sky Investment Group LLC now owns 7,259 shares of the credit-card processor’s stock worth $2,294,000 after acquiring an additional 208 shares during the last quarter. Wealthquest Corp increased its stake in shares of Visa by 4.4% in the fourth quarter. Wealthquest Corp now owns 1,835 shares of the credit-card processor’s stock worth $580,000 after buying an additional 77 shares during the period. Finally, Amplius Wealth Advisors LLC increased its stake in shares of Visa by 4.0% in the fourth quarter. Amplius Wealth Advisors LLC now owns 2,209 shares of the credit-card processor’s stock worth $698,000 after buying an additional 84 shares during the period. 82.15% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

V has been the topic of several analyst reports. Wells Fargo & Company lifted their target price on shares of Visa from $325.00 to $360.00 and gave the stock an “overweight” rating in a research note on Friday, January 3rd. Piper Sandler lifted their target price on shares of Visa from $319.00 to $322.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. BMO Capital Markets lifted their target price on shares of Visa from $310.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Bank of America lifted their target price on shares of Visa from $314.00 to $331.00 and gave the stock a “neutral” rating in a research note on Wednesday. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Visa from $335.00 to $360.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Four investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Visa has an average rating of “Moderate Buy” and a consensus price target of $332.81.

Insider Transactions at Visa

In other news, insider Paul D. Fabara sold 2,171 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total value of $668,602.87. Following the transaction, 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 sale 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 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 disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

Visa Price Performance

V opened at $323.55 on Thursday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.28 and a current ratio of 1.28. The stock has a market capitalization of $602.73 billion, a P/E ratio of 33.25, a P/E/G ratio of 2.15 and a beta of 0.96. The company’s 50-day simple moving average is $313.86 and its two-hundred day simple moving average is $289.47. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $325.74.

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

Visa Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.73%. The ex-dividend date was Tuesday, November 12th. This is a boost from Visa’s previous quarterly dividend of $0.52. Visa’s dividend payout ratio is 24.25%.

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.