LWM Advisory Services LLC Boosts Stock Holdings in Visa Inc. (NYSE:V)

LWM Advisory Services LLC boosted its position in Visa Inc. (NYSE:V) by 2.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,980 shares of the credit-card processor’s stock after purchasing an additional 70 shares during the period. LWM Advisory Services LLC’s holdings in Visa were worth $776,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Altshuler Shaham Ltd bought a new stake in Visa during the 3rd quarter valued at $25,000. O Brien Wealth Partners LLC bought a new position in shares of Visa in the fourth quarter worth $32,000. Valued Wealth Advisors LLC bought a new position in shares of Visa in the fourth quarter worth $37,000. Stuart Chaussee & Associates Inc. increased its holdings in shares of Visa by 66.2% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 236 shares of the credit-card processor’s stock worth $61,000 after purchasing an additional 94 shares during the period. Finally, Life Planning Partners Inc bought a new position in shares of Visa in the fourth quarter worth $71,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Wall Street Analysts Forecast Growth

V has been the topic of several research analyst reports. Oppenheimer upped their price target on shares of Visa from $297.00 to $299.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. KeyCorp increased their target price on Visa from $275.00 to $300.00 and gave the company an “overweight” rating in a research note on Monday, January 8th. Susquehanna increased their target price on Visa from $300.00 to $326.00 and gave the company a “positive” rating in a research note on Friday, January 26th. Wedbush increased their target price on Visa from $280.00 to $300.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Finally, Keefe, Bruyette & Woods increased their target price on Visa from $305.00 to $315.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. Five investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $302.58.

Visa Stock Down 1.0 %

V traded down $2.71 on Monday, hitting $271.81. The company had a trading volume of 4,191,968 shares, compared to its average volume of 5,930,494. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.40 and a quick ratio of 1.40. Visa Inc. has a 52-week low of $216.14 and a 52-week high of $290.96. The stock has a fifty day simple moving average of $279.24 and a 200-day simple moving average of $264.73. The firm has a market capitalization of $499.18 billion, a P/E ratio of 30.37, a P/E/G ratio of 1.89 and a beta of 0.96.

Visa (NYSE:V) last announced its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share for the quarter, beating analysts’ consensus estimates of $2.43 by $0.08. Visa had a net margin of 53.87% and a return on equity of 51.23%. The business had revenue of $8.78 billion during the quarter, compared to the consensus estimate of $8.62 billion. During the same quarter last year, the firm earned $2.09 earnings per share. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. As a group, equities analysts expect that Visa Inc. will post 9.89 EPS for the current fiscal year.

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders 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 0.77%. The ex-dividend date is Thursday, May 16th. Visa’s dividend payout ratio is 23.24%.

Insider Buying and Selling at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,150 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total transaction of $2,228,128.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Ryan Mcinerney sold 8,150 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total transaction of $2,228,128.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Peter M. Andreski sold 2,615 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total transaction of $729,271.20. Following the sale, the chief accounting officer now directly owns 4,898 shares of the company’s stock, valued at approximately $1,365,954.24. The disclosure for this sale can be found here. Over the last quarter, insiders sold 19,874 shares of company stock valued at $5,506,827. Corporate insiders own 0.19% of the company’s stock.

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.