Capital A Wealth Management LLC Makes New Investment in Visa Inc. (NYSE:V)

Capital A Wealth Management LLC purchased a new position in shares of Visa Inc. (NYSE:V - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,391 shares of the credit-card processor's stock, valued at approximately $440,000.

Several other hedge funds have also recently modified their holdings of V. Bradley & Co. Private Wealth Management LLC purchased a new stake in shares of Visa in the 4th quarter valued at approximately $27,000. POM Investment Strategies LLC grew its position in Visa by 48.5% during the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor's stock worth $31,000 after purchasing an additional 32 shares during the last quarter. Compass Planning Associates Inc purchased a new position in Visa during the 4th quarter worth $32,000. NewSquare Capital LLC purchased a new position in Visa during the 4th quarter worth $35,000. Finally, FPC Investment Advisory Inc. boosted its holdings in shares of Visa by 377.3% in the fourth quarter. FPC Investment Advisory Inc. now owns 105 shares of the credit-card processor's stock valued at $36,000 after acquiring an additional 83 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company's stock.

Insider Activity

In other news, CEO Ryan Mcinerney sold 8,620 shares of the company'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 completion of the sale, the chief executive officer now directly owns 537 shares of the company's stock, valued at $194,931. This represents a 94.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Paul D. Fabara sold 39,350 shares of the stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $327.20, for a total value of $12,875,320.00. Following the sale, the insider now directly owns 26,413 shares of the company's stock, valued at approximately $8,642,333.60. The trade was a 59.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 121,948 shares of company stock worth $41,548,282. Corporate insiders own 0.13% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on V shares. Oppenheimer restated an "outperform" rating on shares of Visa in a research report on Thursday, February 13th. Susquehanna reissued a "positive" rating on shares of Visa in a research report on Friday, March 21st. Citigroup reissued a "neutral" rating on shares of Visa in a research report on Thursday, February 13th. Bank of America upped their price target on shares of Visa from $331.00 to $363.00 and gave the stock a "neutral" rating in a research report on Friday, January 31st. Finally, Wall Street Zen raised shares of Visa from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Six equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $366.13.

Visa Stock Performance

Shares of Visa stock traded up $2.82 during midday trading on Thursday, hitting $362.55. The company had a trading volume of 4,590,181 shares, compared to its average volume of 7,008,449. The stock has a market cap of $668.96 billion, a PE ratio of 36.55, a P/E/G ratio of 2.33 and a beta of 0.96. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. The business's 50 day simple moving average is $342.62 and its two-hundred day simple moving average is $332.80. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $369.15.

Visa (NYSE:V - Get Free Report) last posted its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, beating analysts' consensus estimates of $2.68 by $0.08. The business had revenue of $9.59 billion for the quarter, compared to analysts' expectations of $9.57 billion. Visa had a net margin of 54.27% and a return on equity of 54.79%. The firm's revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.51 earnings per share. As a group, equities analysts predict that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th will be paid a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $2.36 annualized dividend and a dividend yield of 0.65%. Visa's dividend payout ratio is presently 23.72%.

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.