Visa Inc. (NYSE:V) Shares Bought by CJM Wealth Advisers Ltd.

CJM Wealth Advisers Ltd. grew its holdings in Visa Inc. (NYSE:V) by 1.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,914 shares of the credit-card processor’s stock after acquiring an additional 63 shares during the period. Visa comprises 0.4% of CJM Wealth Advisers Ltd.’s holdings, making the stock its 22nd biggest position. CJM Wealth Advisers Ltd.’s holdings in Visa were worth $1,237,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in V. Peterson Financial Group Inc. acquired a new position in Visa in the third quarter valued at approximately $26,000. Modus Advisors LLC purchased a new position in shares of Visa during the 4th quarter valued at approximately $32,000. Reston Wealth Management LLC acquired a new position in shares of Visa in the 3rd quarter valued at $31,000. West Financial Advisors LLC boosted its holdings in Visa by 101.4% during the third quarter. West Financial Advisors LLC now owns 145 shares of the credit-card processor’s stock worth $40,000 after buying an additional 73 shares in the last quarter. Finally, Fairway Wealth LLC acquired a new stake in Visa during the second quarter valued at $39,000. 82.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on V shares. Jefferies Financial Group upped their target price on Visa from $320.00 to $330.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Robert W. Baird upped their price objective on shares of Visa from $330.00 to $340.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group reiterated a “buy” rating and issued a $317.00 target price on shares of Visa in a research report on Thursday, September 12th. Barclays upped their price target on shares of Visa from $319.00 to $347.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Visa from $335.00 to $360.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Four equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $330.85.

Insider Activity at Visa

In other Visa news, insider Paul D. Fabara sold 2,171 shares of the business’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 value of $668,602.87. Following the completion of the sale, the insider now owns 17,894 shares in the company, valued at approximately $5,510,815.18. The trade was a 10.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total transaction of $2,739,263.60. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by corporate insiders.

Visa Trading Up 0.3 %

V opened at $312.74 on Friday. The business has a fifty day moving average price of $311.80 and a 200 day moving average price of $286.63. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.28 and a quick ratio of 1.28. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $321.61. The stock has a market capitalization of $582.60 billion, a price-to-earnings ratio of 32.14, a PEG ratio of 2.11 and a beta of 0.96.

Visa (NYSE:V) last issued its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.58 by $0.13. Visa had a net margin of 54.96% and a return on equity of 53.16%. The company had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $9.49 billion. During the same quarter in the previous year, the firm earned $2.33 earnings per share. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. Sell-side analysts expect that Visa Inc. will post 11.23 earnings per share for the current fiscal year.

Visa Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend was Tuesday, November 12th. This is a positive change from Visa’s previous quarterly dividend of $0.52. Visa’s dividend payout ratio (DPR) is 24.25%.

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.