44 Wealth Management LLC Acquires 739 Shares of Visa Inc. (NYSE:V)

44 Wealth Management LLC lifted its position in shares of Visa Inc. (NYSE:V - Free Report) by 14.4% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,879 shares of the credit-card processor's stock after buying an additional 739 shares during the quarter. 44 Wealth Management LLC's holdings in Visa were worth $2,060,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Sellwood Investment Partners LLC purchased a new stake in Visa in the 4th quarter worth $41,000. Mountain Hill Investment Partners Corp. purchased a new stake in Visa in the 4th quarter worth $47,000. Measured Risk Portfolios Inc. purchased a new stake in Visa in the 4th quarter worth $47,000. O Brien Wealth Partners LLC purchased a new stake in Visa in the 1st quarter worth $54,000. Finally, Global X Japan Co. Ltd. purchased a new stake in Visa in the 1st quarter worth $56,000. Hedge funds and other institutional investors own 82.15% of the company's stock.

Insider Activity at Visa

In related news, insider Paul D. Fabara sold 11,636 shares of the stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $375.00, for a total value of $4,363,500.00. Following the transaction, the insider owned 26,413 shares of the company's stock, valued at $9,904,875. This represents a 30.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of the firm's stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $345.58, for a total value of $889,868.50. Following the transaction, the general counsel owned 11,925 shares in the company, valued at $4,121,041.50. The trade was a 17.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 101,108 shares of company stock worth $36,771,200. Company insiders own 0.13% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on V. Wall Street Zen upgraded shares of Visa from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. BMO Capital Markets boosted their price target on shares of Visa from $370.00 to $380.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Oppenheimer boosted their price target on shares of Visa from $390.00 to $391.00 and gave the stock an "outperform" rating in a research note on Wednesday. Susquehanna reiterated a "positive" rating on shares of Visa in a research note on Friday, March 21st. Finally, UBS Group upped their target price on shares of Visa from $395.00 to $405.00 and gave the company a "buy" rating in a research report on Wednesday, May 28th. Five research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $372.84.

Visa Trading Up 1.3%

Shares of V traded up $4.48 during trading hours on Friday, reaching $358.70. 3,702,810 shares of the company traded hands, compared to its average volume of 6,850,467. The stock's fifty day moving average price is $355.79 and its 200 day moving average price is $341.46. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.45. The firm has a market cap of $661.86 billion, a price-to-earnings ratio of 36.05, a PEG ratio of 2.43 and a beta of 0.92. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $375.51.

Visa (NYSE:V - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $9.59 billion during the quarter, compared to analyst estimates of $9.57 billion. Visa had a net margin of 52.86% and a return on equity of 56.28%. The firm's revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter last year, the business posted $2.51 EPS. Sell-side analysts forecast that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th were paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.66%. The ex-dividend date was Tuesday, May 13th. Visa's dividend payout ratio is presently 23.72%.

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.