Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Raises Holdings in Visa Inc. $V

Key Points

• Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its Visa stake by 1.9% in Q4, buying 10,958 shares to hold 585,001 shares valued at $190,278,000, making Visa about 1.7% of the firm's portfolio and its 18th largest holding.
• Visa beat Q4 estimates with EPS of $3.17 vs. $3.14 expected and revenue of $10.90 billion vs. $10.69 billion (revenue +14.6% YoY), and the company paid a $0.67 quarterly dividend (annual $2.68, yield 0.9%).
• Analysts are broadly positive, with a MarketBeat consensus rating of Buy and a consensus price target of $387.79 following several upgrades and raised targets.

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its holdings in Visa Inc. (NYSE:V - Free Report) by 1.9% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 585,001 shares of the credit-card processor's stock after acquiring an additional 10,958 shares during the period. Visa makes up about 1.7% of Loring Wolcott & Coolidge Fiduciary Advisors LLP MA's holdings, making the stock its 18th largest holding. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA's holdings in Visa were worth $190,278,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Define Financial LLC grew its position in Visa by 4.0% in the third quarter. Define Financial LLC now owns 779 shares of the credit-card processor's stock worth $266,000 after acquiring an additional 30 shares during the period. Patron Partners LLC grew its position in Visa by 0.6% in the third quarter. Patron Partners LLC now owns 4,648 shares of the credit-card processor's stock worth $1,587,000 after acquiring an additional 30 shares during the period. MTM Investment Management LLC grew its position in Visa by 0.9% in the third quarter. MTM Investment Management LLC now owns 3,344 shares of the credit-card processor's stock worth $1,142,000 after acquiring an additional 30 shares during the period. High Note Wealth LLC boosted its position in shares of Visa by 6.8% during the third quarter. High Note Wealth LLC now owns 474 shares of the credit-card processor's stock worth $162,000 after buying an additional 30 shares during the period. Finally, Beacon Capital Management LLC boosted its position in shares of Visa by 2.0% during the third quarter. Beacon Capital Management LLC now owns 1,541 shares of the credit-card processor's stock worth $526,000 after buying an additional 30 shares during the period. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

V has been the subject of several research analyst reports. Morgan Stanley restated an "overweight" rating and set a $411.00 price target (up from $398.00) on shares of Visa in a research report on Friday, January 30th. Truist Financial lowered their price target on Visa from $372.00 to $361.00 and set a "buy" rating for the company in a research report on Friday. Cantor Fitzgerald upgraded Visa to a "strong-buy" rating in a research report on Tuesday, January 27th. Daiwa Securities Group upgraded Visa from a "neutral" rating to an "outperform" rating and set a $370.00 price target for the company in a research report on Monday, February 2nd. Finally, Royal Bank Of Canada restated an "outperform" rating and set a $395.00 price target on shares of Visa in a research report on Friday, January 30th. Seven research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Visa currently has a consensus rating of "Buy" and a consensus price target of $387.79.

Insider Transactions at Visa

In related news, Director Lloyd Carney sold 650 shares of Visa stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $309.62, for a total value of $201,253.00. Following the completion of the transaction, the director directly owned 2,679 shares in the company, valued at approximately $829,471.98. This trade represents a 19.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.12% of the company's stock.

Visa Trading Up 0.3%

V opened at $309.66 on Friday. Visa Inc. has a 52 week low of $293.89 and a 52 week high of $375.51. The business has a fifty day simple moving average of $309.88 and a 200-day simple moving average of $328.16. The firm has a market cap of $562.09 billion, a P/E ratio of 29.05, a P/E/G ratio of 1.77 and a beta of 0.80. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.51.

Visa (NYSE:V - Get Free Report) last released its earnings results on Thursday, January 29th. The credit-card processor reported $3.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.14 by $0.03. The firm had revenue of $10.90 billion during the quarter, compared to analyst estimates of $10.69 billion. Visa had a return on equity of 61.74% and a net margin of 50.23%.Visa's revenue was up 14.6% compared to the same quarter last year. During the same period last year, the business posted $2.75 earnings per share. On average, equities analysts expect that Visa Inc. will post 12.84 earnings per share for the current year.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Tuesday, February 10th were issued a $0.67 dividend. The ex-dividend date was Tuesday, February 10th. This represents a $2.68 dividend on an annualized basis and a yield of 0.9%. Visa's dividend payout ratio (DPR) is 25.14%.

Visa Profile

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world's largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa's network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa's product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.

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