Elmwood Wealth Management Inc. Has $849,000 Holdings in Visa Inc. (NYSE:V)

Elmwood Wealth Management Inc. lessened its stake in Visa Inc. (NYSE:V) by 18.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,262 shares of the credit-card processor’s stock after selling 741 shares during the quarter. Elmwood Wealth Management Inc.’s holdings in Visa were worth $849,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GoalVest Advisory LLC raised its stake in Visa by 3.4% during the fourth quarter. GoalVest Advisory LLC now owns 1,217 shares of the credit-card processor’s stock worth $317,000 after acquiring an additional 40 shares in the last quarter. Destiny Wealth Partners LLC raised its stake in Visa by 2.5% during the fourth quarter. Destiny Wealth Partners LLC now owns 1,668 shares of the credit-card processor’s stock worth $433,000 after acquiring an additional 40 shares in the last quarter. Sunflower Bank N.A. raised its stake in Visa by 1.3% during the fourth quarter. Sunflower Bank N.A. now owns 3,143 shares of the credit-card processor’s stock worth $818,000 after acquiring an additional 41 shares in the last quarter. HWG Holdings LP raised its stake in Visa by 18.4% during the second quarter. HWG Holdings LP now owns 270 shares of the credit-card processor’s stock worth $64,000 after acquiring an additional 42 shares in the last quarter. Finally, Parker Financial LLC raised its stake in Visa by 4.8% during the fourth quarter. Parker Financial LLC now owns 925 shares of the credit-card processor’s stock worth $241,000 after acquiring an additional 42 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Wall Street Analysts Forecast Growth

V has been the subject of several recent research reports. KeyCorp upped their price objective on Visa from $275.00 to $300.00 and gave the company an “overweight” rating in a research note on Monday, January 8th. Mizuho reaffirmed a “neutral” rating and issued a $265.00 price objective on shares of Visa in a research note on Wednesday, March 27th. Citigroup upped their price objective on Visa from $296.00 to $306.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. Susquehanna upped their price objective on Visa from $300.00 to $326.00 and gave the company a “positive” rating in a research note on Friday, January 26th. Finally, UBS Group upped their price objective on Visa from $305.00 to $315.00 and gave the company a “buy” rating in a research note on Friday, January 26th. Five investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $296.87.

Insiders Place Their Bets

In other Visa news, insider Rajat Taneja sold 36,546 shares of the firm’s stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $270.20, for a total value of $9,874,729.20. Following the completion of the transaction, the insider now owns 232,112 shares in the company, valued at approximately $62,716,662.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO Ryan Mcinerney sold 8,150 shares of Visa stock in a transaction dated 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 the SEC website. Also, insider Rajat Taneja sold 36,546 shares of Visa stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $270.20, for a total value of $9,874,729.20. Following the sale, the insider now owns 232,112 shares of the company’s stock, valued at approximately $62,716,662.40. The disclosure for this sale can be found here. Insiders sold a total of 55,511 shares of company stock worth $15,131,081 in the last quarter. 0.19% of the stock is owned by company insiders.

Visa Trading Up 0.0 %

Shares of Visa stock opened at $271.34 on Wednesday. Visa Inc. has a 1 year low of $216.14 and a 1 year high of $290.96. The firm has a market cap of $498.32 billion, a PE ratio of 31.22, a P/E/G ratio of 1.87 and a beta of 0.96. The stock has a fifty day moving average price of $279.93 and a 200-day moving average price of $262.49. 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 (NYSE:V) last announced its quarterly earnings data on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share for the quarter, topping the consensus estimate of $2.34 by $0.07. Visa had a return on equity of 50.02% and a net margin of 53.92%. The company had revenue of $8.63 billion during the quarter, compared to analyst estimates of $8.55 billion. During the same quarter last year, the firm posted $2.18 EPS. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. Equities research analysts anticipate that Visa Inc. will post 9.89 EPS for the current year.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 9th were paid a $0.52 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $2.08 annualized dividend and a yield of 0.77%. Visa’s dividend payout ratio is currently 23.94%.

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.