Three Cord True Wealth Management LLC Takes $267,000 Position in Visa Inc. (NYSE:V)

Three Cord True Wealth Management LLC bought a new stake in shares of Visa Inc. (NYSE:V - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 844 shares of the credit-card processor's stock, valued at approximately $267,000. Visa makes up approximately 0.2% of Three Cord True Wealth Management LLC's investment portfolio, making the stock its 24th largest holding.

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

Insider Buying and Selling

In other news, CEO Ryan Mcinerney sold 8,620 shares of the business's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $350.44, for a total value of $3,020,792.80. Following the sale, the chief executive officer now owns 537 shares in the company, valued at approximately $188,186.28. The trade was a 94.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul D. Fabara sold 39,350 shares of the business's stock in a transaction on Friday, March 14th. The shares were 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. This represents a 59.84% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 121,948 shares of company stock valued at $41,548,282 in the last quarter. Company insiders own 0.13% of the company's stock.

Visa Stock Performance

Shares of V traded up $5.67 during midday trading on Tuesday, reaching $359.21. 6,312,180 shares of the stock were exchanged, compared to its average volume of 7,023,621. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $369.15. 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 company has a market capitalization of $662.80 billion, a price-to-earnings ratio of 36.21, a PEG ratio of 2.33 and a beta of 0.96. The business's 50-day moving average price is $341.75 and its 200 day moving average price is $332.43.

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, beating the consensus estimate of $2.68 by $0.08. The business had revenue of $9.59 billion for the quarter, compared to the consensus estimate of $9.57 billion. Visa had a net margin of 54.27% and a return on equity of 54.79%. The business's quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.51 earnings per share. On average, sell-side analysts expect that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Tuesday, May 13th will be issued a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.66%. Visa's dividend payout ratio (DPR) is presently 23.72%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on V shares. UBS Group dropped their price objective on shares of Visa from $400.00 to $395.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Evercore ISI initiated coverage on shares of Visa in a report on Wednesday, April 9th. They issued an "in-line" rating and a $330.00 price target on the stock. Keefe, Bruyette & Woods reaffirmed a "hold" rating on shares of Visa in a report on Thursday, February 13th. Oppenheimer reaffirmed an "outperform" rating on shares of Visa in a report on Thursday, February 13th. Finally, Susquehanna reissued a "positive" rating on shares of Visa in a report on Friday, March 21st. Six investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $365.71.

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.