Visa Inc. (NYSE:V) Stake Boosted by CFM Wealth Partners LLC

CFM Wealth Partners LLC lifted its stake in shares of Visa Inc. (NYSE:V) by 2.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 43,749 shares of the credit-card processor’s stock after buying an additional 891 shares during the period. Visa comprises about 2.3% of CFM Wealth Partners LLC’s holdings, making the stock its 8th largest position. CFM Wealth Partners LLC’s holdings in Visa were worth $13,826,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Decker Retirement Planning Inc. bought a new stake in Visa during the fourth quarter worth about $26,000. Peterson Financial Group Inc. bought a new stake in Visa during the third quarter worth about $26,000. Modus Advisors LLC bought a new stake in Visa during the fourth quarter worth about $32,000. Reston Wealth Management LLC bought a new stake in Visa during the third quarter worth about $31,000. Finally, Sugar Maple Asset Management LLC bought a new stake in Visa during the fourth quarter worth about $44,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insider Transactions at Visa

In related news, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction on 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Paul D. Fabara sold 2,171 shares of the company’s stock in a transaction 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 transaction, the insider now owns 17,894 shares of the company’s stock, valued at approximately $5,510,815.18. This represents a 10.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,983 shares of company stock valued at $7,213,146 over the last three months. Corporate insiders own 0.13% of the company’s stock.

Visa Stock Performance

Shares of NYSE V opened at $345.31 on Wednesday. The firm has a fifty day moving average price of $318.40 and a 200-day moving average price of $293.81. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.28. The stock has a market cap of $643.27 billion, a PE ratio of 34.81, a price-to-earnings-growth ratio of 2.30 and a beta of 0.97. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $351.25.

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

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th will be paid a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.68%. Visa’s dividend payout ratio (DPR) is presently 23.79%.

Wall Street Analyst Weigh In

Several research firms recently commented on V. Wells Fargo & Company boosted their price objective on shares of Visa from $360.00 to $395.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Robert W. Baird upped their target price on shares of Visa from $330.00 to $340.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Susquehanna upped their target price on shares of Visa from $375.00 to $395.00 and gave the stock a “positive” rating in a research note on Friday, January 31st. Bank of America upped their target price on shares of Visa from $331.00 to $363.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Finally, Raymond James reiterated an “outperform” rating and issued a $393.00 target price (up previously from $374.00) on shares of Visa in a research note on Friday, January 31st. Four equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $354.73.

About Visa

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.