Heck Capital Advisors LLC Invests $704,000 in Visa Inc. (NYSE:V)

Heck Capital Advisors LLC bought a new position in shares of Visa Inc. (NYSE:V - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,229 shares of the credit-card processor's stock, valued at approximately $704,000.

Several other large investors also recently modified their holdings of the business. Leigh Baldwin & CO. LLC purchased a new stake in shares of Visa in the 4th quarter worth about $553,000. Armis Advisers LLC bought a new position in Visa in the fourth quarter worth about $434,000. Chokshi & Queen Wealth Advisors Inc purchased a new stake in Visa in the fourth quarter worth about $3,645,000. Garde Capital Inc. boosted its position in Visa by 6.6% during the 4th quarter. Garde Capital Inc. now owns 2,596 shares of the credit-card processor's stock valued at $820,000 after acquiring an additional 161 shares in the last quarter. Finally, Pullen Investment Management LLC grew its holdings in shares of Visa by 7.0% during the 4th quarter. Pullen Investment Management LLC now owns 1,765 shares of the credit-card processor's stock worth $558,000 after acquiring an additional 115 shares during the period. 82.15% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on V. Keefe, Bruyette & Woods restated a "hold" rating on shares of Visa in a research note on Thursday, February 13th. Wells Fargo & Company raised their price objective on Visa from $360.00 to $395.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Wall Street Zen raised shares of Visa from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Raymond James reiterated an "outperform" rating and issued a $393.00 price target (up from $374.00) on shares of Visa in a research note on Friday, January 31st. Finally, The Goldman Sachs Group boosted their price objective on shares of Visa from $346.00 to $384.00 and gave the stock a "buy" rating in a research note on Friday, January 31st. Six 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, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $366.13.

Visa Price Performance

Shares of V traded up $2.82 during mid-day trading on Thursday, reaching $362.55. The stock had a trading volume of 4,590,181 shares, compared to its average volume of 7,002,318. The firm has a market cap of $668.96 billion, a price-to-earnings ratio of 36.55, a PEG ratio of 2.33 and a beta of 0.96. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $369.15. The business has a fifty day moving average of $342.62 and a 200 day moving average of $332.80. 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 (NYSE:V - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 EPS 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 return on equity of 54.79% and a net margin of 54.27%. The business's quarterly revenue was up 9.3% on a year-over-year basis. During the same period last year, the firm earned $2.51 earnings per share. Equities analysts predict that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

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

Insider Buying and Selling at Visa

In other news, General Counsel Julie B. Rottenberg sold 2,575 shares of the business's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $345.58, for a total transaction of $889,868.50. Following the transaction, the general counsel now owns 11,925 shares of the company's stock, valued at approximately $4,121,041.50. The trade was a 17.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Paul D. Fabara sold 14,813 shares of the firm's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $355.04, for a total transaction of $5,259,207.52. Following the completion of the sale, the insider now owns 26,413 shares of the company's stock, valued at $9,377,671.52. This trade represents a 35.93% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 121,948 shares of company stock worth $41,548,282. Insiders own 0.13% 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.