Visa Inc. (NYSE:V) Shares Acquired by Aviso Wealth Management

Aviso Wealth Management increased its position in shares of Visa Inc. (NYSE:V) by 12.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,761 shares of the credit-card processor’s stock after acquiring an additional 635 shares during the period. Visa comprises 0.9% of Aviso Wealth Management’s investment portfolio, making the stock its 25th biggest position. Aviso Wealth Management’s holdings in Visa were worth $1,821,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Decker Retirement Planning Inc. purchased a new stake in Visa during the 4th quarter valued at approximately $26,000. Bradley & Co. Private Wealth Management LLC acquired a new position in shares of Visa during the 4th quarter worth $27,000. POM Investment Strategies LLC lifted its stake in shares of Visa by 48.5% in the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock valued at $31,000 after purchasing an additional 32 shares during the period. Modus Advisors LLC acquired a new position in Visa during the fourth quarter worth about $32,000. Finally, Compass Planning Associates Inc purchased a new stake in shares of Visa during the 4th quarter worth approximately $32,000. 82.15% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Paul D. Fabara sold 39,350 shares of the stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $340.41, for a total value of $13,395,133.50. Following the completion of the transaction, the insider now owns 26,413 shares in the company, valued at $8,991,249.33. This trade represents a 59.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $363.00, for a total value of $3,129,060.00. Following the sale, the chief executive officer now owns 537 shares in the company, valued at approximately $194,931. The trade was a 94.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 143,205 shares of company stock valued at $48,560,961 over the last three months. Company insiders own 0.13% of the company’s stock.

Visa Stock Performance

V stock opened at $344.95 on Wednesday. The company has a market capitalization of $640.84 billion, a P/E ratio of 34.77, a PEG ratio of 2.33 and a beta of 0.95. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The company has a 50-day simple moving average of $341.94 and a 200 day simple moving average of $314.21. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $366.54.

Visa (NYSE:V) last posted its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. Sell-side analysts predict that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were paid a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.68%. Visa’s dividend payout ratio is currently 23.79%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Citigroup reaffirmed a “neutral” rating on shares of Visa in a research note on Thursday, February 13th. William Blair reaffirmed an “outperform” rating on shares of Visa in a research note on Friday, January 31st. Oppenheimer restated an “outperform” rating on shares of Visa in a report on Thursday, February 13th. Morgan Stanley boosted their price target on Visa from $326.00 to $371.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Finally, JPMorgan Chase & Co. upped their price target on shares of Visa from $340.00 to $375.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Six investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Visa presently has a consensus rating of “Moderate Buy” and an average price target of $353.96.

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.