Wealth Enhancement Advisory Services LLC Lowers Holdings in Visa Inc. (NYSE:V)

Wealth Enhancement Advisory Services LLC lowered its position in Visa Inc. (NYSE:V) by 0.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 803,052 shares of the credit-card processor’s stock after selling 59 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Visa were worth $253,797,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. AdvisorShares Investments LLC lifted its stake in shares of Visa by 4.3% during the 2nd quarter. AdvisorShares Investments LLC now owns 1,695 shares of the credit-card processor’s stock worth $446,000 after purchasing an additional 70 shares during the last quarter. Qsemble Capital Management LP lifted its position in Visa by 187.7% during the second quarter. Qsemble Capital Management LP now owns 15,550 shares of the credit-card processor’s stock valued at $4,081,000 after acquiring an additional 10,146 shares during the last quarter. Cibc World Market Inc. boosted its stake in Visa by 2.2% in the second quarter. Cibc World Market Inc. now owns 882,371 shares of the credit-card processor’s stock valued at $231,596,000 after acquiring an additional 19,232 shares in the last quarter. Y.D. More Investments Ltd grew its holdings in Visa by 9.4% in the second quarter. Y.D. More Investments Ltd now owns 17,109 shares of the credit-card processor’s stock worth $4,490,000 after purchasing an additional 1,466 shares during the last quarter. Finally, Achmea Investment Management B.V. increased its position in shares of Visa by 3.5% during the second quarter. Achmea Investment Management B.V. now owns 185,329 shares of the credit-card processor’s stock worth $48,644,000 after purchasing an additional 6,253 shares in the last quarter. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. TD Cowen raised their price objective on Visa from $318.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Macquarie upped their price objective on shares of Visa from $300.00 to $335.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Morgan Stanley lifted their target price on shares of Visa from $326.00 to $371.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Monness Crespi & Hardt restated a “neutral” rating on shares of Visa in a research note on Tuesday, September 24th. Finally, Susquehanna raised their target price on Visa from $339.00 to $375.00 and gave the stock a “positive” rating in a research note on Wednesday, December 11th. Four research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Visa presently has an average rating of “Moderate Buy” and a consensus price target of $330.85.

Visa Price Performance

NYSE:V traded down $4.23 during trading hours on Friday, hitting $308.37. 1,706,383 shares of the stock were exchanged, compared to its average volume of 4,646,486. The firm’s fifty day moving average price is $311.80 and its 200 day moving average price is $286.63. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $321.61. The company has a market cap of $574.45 billion, a P/E ratio of 31.69, a P/E/G ratio of 2.11 and a beta of 0.96. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.55.

Visa (NYSE:V) last posted its quarterly earnings data on Tuesday, October 29th. The credit-card processor reported $2.71 EPS for the quarter, beating the consensus estimate of $2.58 by $0.13. Visa had a return on equity of 53.16% and a net margin of 54.96%. The firm had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $9.49 billion. During the same period in the prior year, the company earned $2.33 EPS. The firm’s revenue was up 11.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Visa Inc. will post 11.23 EPS for the current fiscal year.

Visa Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Tuesday, November 12th were given a dividend of $0.59 per share. The ex-dividend date was Tuesday, November 12th. This is a positive change from Visa’s previous quarterly dividend of $0.52. This represents a $2.36 dividend on an annualized basis and a yield of 0.77%. Visa’s payout ratio is presently 24.25%.

Insider Buying and Selling at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total transaction of $2,739,263.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Paul D. Fabara sold 2,171 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total transaction of $668,602.87. Following the sale, the insider now owns 17,894 shares of the company’s stock, valued at $5,510,815.18. This represents a 10.82 % decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is owned by insiders.

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.