Visa Inc. (NYSE:V) Shares Purchased by Lineweaver Wealth Advisors LLC

Lineweaver Wealth Advisors LLC raised its holdings in shares of Visa Inc. (NYSE:VFree Report) by 5.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,056 shares of the credit-card processor’s stock after purchasing an additional 374 shares during the quarter. Lineweaver Wealth Advisors LLC’s holdings in Visa were worth $1,837,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Hibernia Wealth Partners LLC bought a new stake in shares of Visa in the 3rd quarter worth approximately $25,000. Altshuler Shaham Ltd bought a new stake in shares of Visa in the 3rd quarter worth approximately $25,000. West Tower Group LLC bought a new stake in shares of Visa in the 2nd quarter worth approximately $30,000. Financial Freedom LLC bought a new stake in shares of Visa in the 4th quarter worth approximately $32,000. Finally, Nalls Sherbakoff Group LLC lifted its holdings in shares of Visa by 545.5% in the 3rd quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock worth $33,000 after purchasing an additional 120 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Stock Performance

Shares of V stock opened at $279.08 on Monday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.45 and a quick ratio of 1.45. Visa Inc. has a fifty-two week low of $216.14 and a fifty-two week high of $290.96. The stock’s 50-day moving average is $279.49 and its two-hundred day moving average is $259.10. The firm has a market cap of $512.53 billion, a P/E ratio of 32.12, a PEG ratio of 1.93 and a beta of 0.96.

Visa (NYSE:VGet Free Report) last released its quarterly earnings results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.34 by $0.07. The company had revenue of $8.63 billion during the quarter, compared to the consensus estimate of $8.55 billion. Visa had a return on equity of 50.02% and a net margin of 53.92%. The firm’s revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.18 EPS. Analysts predict that Visa Inc. will post 9.89 earnings per share for the current fiscal year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 9th were paid a dividend of $0.52 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $2.08 annualized dividend and a dividend yield of 0.75%. Visa’s dividend payout ratio (DPR) is presently 23.94%.

Insider Transactions at Visa

In related news, CEO Ryan Mcinerney sold 8,150 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total transaction of $2,228,128.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Ryan Mcinerney sold 8,150 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total transaction of $2,228,128.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Peter M. Andreski sold 2,615 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total value of $729,271.20. Following the completion of the sale, the chief accounting officer now owns 4,898 shares of the company’s stock, valued at approximately $1,365,954.24. The disclosure for this sale can be found here. In the last quarter, insiders sold 47,311 shares of company stock worth $12,832,129. 0.19% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on V shares. UBS Group raised their price target on Visa from $305.00 to $315.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Wells Fargo & Company raised their price target on Visa from $300.00 to $325.00 and gave the stock an “overweight” rating in a report on Wednesday, March 6th. KeyCorp raised their price target on Visa from $275.00 to $300.00 and gave the stock an “overweight” rating in a report on Monday, January 8th. Jefferies Financial Group raised their price target on Visa from $280.00 to $295.00 and gave the stock a “buy” rating in a report on Tuesday, December 12th. Finally, Evercore ISI lifted their target price on Visa from $325.00 to $335.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. Five research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $295.82.

Get Our Latest Stock Analysis on Visa

About Visa

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Visa (NYSE:V)

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