Fourth Dimension Wealth LLC Acquires New Shares in Visa Inc. (NYSE:V)

Fourth Dimension Wealth LLC acquired a new stake in Visa Inc. (NYSE:V - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 909 shares of the credit-card processor's stock, valued at approximately $287,000.

Other large investors have also bought and sold shares of the company. Breed s Hill Capital LLC boosted its stake in shares of Visa by 124.0% during the fourth quarter. Breed s Hill Capital LLC now owns 1,631 shares of the credit-card processor's stock valued at $515,000 after purchasing an additional 903 shares in the last quarter. Vise Technologies Inc. boosted its stake in shares of Visa by 46.9% during the fourth quarter. Vise Technologies Inc. now owns 29,664 shares of the credit-card processor's stock valued at $9,375,000 after purchasing an additional 9,473 shares in the last quarter. Retirement Planning Group LLC boosted its stake in shares of Visa by 25.6% during the fourth quarter. Retirement Planning Group LLC now owns 2,744 shares of the credit-card processor's stock valued at $867,000 after purchasing an additional 559 shares in the last quarter. Connecticut Wealth Management LLC boosted its stake in shares of Visa by 0.4% during the fourth quarter. Connecticut Wealth Management LLC now owns 16,628 shares of the credit-card processor's stock valued at $5,255,000 after purchasing an additional 60 shares in the last quarter. Finally, Headinvest LLC boosted its stake in shares of Visa by 0.8% during the fourth quarter. Headinvest LLC now owns 4,003 shares of the credit-card processor's stock valued at $1,265,000 after purchasing an additional 30 shares in the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently commented on V. BMO Capital Markets lifted their price target on Visa from $370.00 to $380.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Raymond James reissued an "outperform" rating and set a $393.00 price target (up from $374.00) on shares of Visa in a research note on Friday, January 31st. The Goldman Sachs Group lifted their price objective on Visa from $346.00 to $384.00 and gave the stock a "buy" rating in a research note on Friday, January 31st. Wall Street Zen raised Visa from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Finally, Evercore ISI started coverage on Visa in a research note on Wednesday, April 9th. They issued an "in-line" rating and a $330.00 price objective on the stock. Six research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $362.38.

Insider Activity

In other news, insider Paul D. Fabara sold 39,350 shares of the business's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $327.20, for a total transaction of $12,875,320.00. Following the completion of the sale, the insider now owns 26,413 shares in the company, valued at $8,642,333.60. The trade was a 59.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The shares were 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 of the company's stock, valued at approximately $194,931. This represents a 94.14% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 121,948 shares of company stock worth $41,548,282 over the last quarter. 0.13% of the stock is currently owned by corporate insiders.

Visa Trading Down 0.1%

Shares of V stock opened at $357.90 on Friday. The company has a market cap of $660.38 billion, a P/E ratio of 36.08, a PEG ratio of 2.33 and a beta of 0.96. The stock has a 50 day simple moving average of $341.07 and a two-hundred day simple moving average of $331.33. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $369.15.

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

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th will be issued a dividend of $0.59 per share. The ex-dividend date is Tuesday, May 13th. This represents a $2.36 annualized dividend and a dividend yield of 0.66%. Visa's dividend payout ratio is 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.

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