Barlow Wealth Partners Inc. Takes Position in Visa Inc. (NYSE:V)

Barlow Wealth Partners Inc. acquired a new stake in shares of Visa Inc. (NYSE:V) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 89,981 shares of the credit-card processor’s stock, valued at approximately $23,427,000. Visa comprises 3.3% of Barlow Wealth Partners Inc.’s portfolio, making the stock its 3rd largest holding.

Other hedge funds also recently added to or reduced their stakes in the company. Altshuler Shaham Ltd acquired a new stake in Visa in the third quarter valued at $25,000. O Brien Wealth Partners LLC purchased a new position in Visa in the fourth quarter valued at about $32,000. Valued Wealth Advisors LLC acquired a new stake in shares of Visa during the 4th quarter valued at approximately $37,000. Stuart Chaussee & Associates Inc. grew its holdings in shares of Visa by 66.2% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 236 shares of the credit-card processor’s stock worth $61,000 after acquiring an additional 94 shares during the period. Finally, Macroview Investment Management LLC increased its stake in Visa by 1,019.2% in the 3rd quarter. Macroview Investment Management LLC now owns 291 shares of the credit-card processor’s stock valued at $67,000 after purchasing an additional 265 shares in the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Lloyd Carney sold 909 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $275.55, for a total transaction of $250,474.95. Following the transaction, the director now directly owns 2,591 shares of the company’s stock, valued at $713,950.05. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director Lloyd Carney sold 909 shares of Visa stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $275.55, for a total value of $250,474.95. Following the completion of the sale, the director now directly owns 2,591 shares in the company, valued at $713,950.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ryan Mcinerney sold 8,200 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the transaction, the chief executive officer now directly owns 538 shares in the company, valued at approximately $150,833.68. The disclosure for this sale can be found here. Insiders own 0.19% of the company’s stock.

Visa Stock Performance

NYSE:V traded up $0.73 during mid-day trading on Wednesday, reaching $277.19. The company’s stock had a trading volume of 9,023,690 shares, compared to its average volume of 5,922,313. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.53. The firm’s fifty day moving average price is $277.81 and its two-hundred day moving average price is $266.37. Visa Inc. has a 12-month low of $216.14 and a 12-month high of $290.96. The stock has a market cap of $506.96 billion, a P/E ratio of 30.97, a PEG ratio of 1.84 and a beta of 0.95.

Visa (NYSE:V) last announced its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, beating the consensus estimate of $2.43 by $0.08. Visa had a net margin of 53.87% and a return on equity of 51.23%. The firm had revenue of $8.78 billion for the quarter, compared to the consensus estimate of $8.62 billion. During the same period last year, the firm earned $2.09 EPS. The company’s revenue was up 9.9% on a year-over-year basis. On average, equities analysts forecast that Visa Inc. will post 9.94 EPS for the current fiscal year.

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 17th will be paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date is Thursday, May 16th. Visa’s dividend payout ratio is currently 23.24%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on V. Royal Bank of Canada boosted their price target on Visa from $309.00 to $315.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Robert W. Baird lifted their price target on Visa from $314.00 to $320.00 and gave the company an “outperform” rating in a report on Wednesday, April 17th. Macquarie increased their price objective on shares of Visa from $290.00 to $300.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Redburn Atlantic restated a “neutral” rating and issued a $307.00 target price on shares of Visa in a report on Wednesday, March 27th. Finally, Barclays increased their price target on shares of Visa from $304.00 to $319.00 and gave the stock an “overweight” rating in a research note on Monday, January 29th. Five investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat, Visa presently has an average rating of “Moderate Buy” and an average price target of $303.00.

Visa Company 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.