Visa Inc. (NYSE:V) Shares Purchased by Absher Wealth Management LLC

Absher Wealth Management LLC lifted its position in Visa Inc. (NYSE:V) by 1.6% in the fourth quarter, Holdings Channel reports. The firm owned 90,512 shares of the credit-card processor’s stock after acquiring an additional 1,425 shares during the period. Visa accounts for approximately 3.7% of Absher Wealth Management LLC’s holdings, making the stock its 12th biggest position. Absher Wealth Management LLC’s holdings in Visa were worth $28,605,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. State Street Corp lifted its position in Visa by 4.5% during the 3rd quarter. State Street Corp now owns 76,610,942 shares of the credit-card processor’s stock worth $21,064,179,000 after acquiring an additional 3,327,977 shares during the period. FMR LLC lifted its position in Visa by 6.1% during the 3rd quarter. FMR LLC now owns 57,111,843 shares of the credit-card processor’s stock worth $15,702,901,000 after acquiring an additional 3,265,518 shares during the period. Geode Capital Management LLC lifted its position in Visa by 7.7% during the 3rd quarter. Geode Capital Management LLC now owns 38,655,250 shares of the credit-card processor’s stock worth $10,601,135,000 after acquiring an additional 2,772,549 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Visa by 1.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 11,597,969 shares of the credit-card processor’s stock worth $3,188,862,000 after acquiring an additional 123,927 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in Visa by 6.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 11,522,445 shares of the credit-card processor’s stock worth $3,168,096,000 after acquiring an additional 670,590 shares during the period. 82.15% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CAO Peter M. Andreski sold 2,332 shares of the firm’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.62, for a total transaction of $815,313.84. Following the sale, the chief accounting officer now owns 4,488 shares in the company, valued at $1,569,094.56. This trade represents a 34.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 58,056 shares of company stock valued at $19,830,050. Corporate insiders own 0.13% of the company’s stock.

Visa Stock Performance

Visa stock opened at $348.26 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.28 and a current ratio of 1.12. The stock has a fifty day moving average of $320.41 and a two-hundred day moving average of $295.12. The company has a market capitalization of $648.77 billion, a price-to-earnings ratio of 35.11, a PEG ratio of 2.30 and a beta of 0.97. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $351.25.

Visa (NYSE:V) last released its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. On average, analysts anticipate that Visa Inc. will post 11.2 EPS for the current fiscal year.

Visa Announces Dividend

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

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Citigroup increased their price objective on Visa from $354.00 to $393.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. UBS Group increased their price objective on Visa from $350.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Mizuho increased their price objective on Visa from $279.00 to $292.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Susquehanna increased their target price on Visa from $375.00 to $395.00 and gave the stock a “positive” rating in a research note on Friday, January 31st. Finally, Robert W. Baird increased their target price on Visa from $330.00 to $340.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average 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.