Total Wealth Planning & Management Inc. Takes Position in Visa Inc. (NYSE:V)

Total Wealth Planning & Management Inc. purchased a new stake in shares of Visa Inc. (NYSE:V - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 1,959 shares of the credit-card processor's stock, valued at approximately $619,000.

Several other hedge funds have also added to or reduced their stakes in V. Hirtle Callaghan & Co LLC boosted its position in shares of Visa by 1.3% during the 4th quarter. Hirtle Callaghan & Co LLC now owns 2,291 shares of the credit-card processor's stock valued at $724,000 after acquiring an additional 29 shares during the last quarter. FWL Investment Management LLC increased its stake in Visa by 0.5% during the fourth quarter. FWL Investment Management LLC now owns 6,344 shares of the credit-card processor's stock worth $2,005,000 after purchasing an additional 29 shares during the period. Elevation Wealth Partners LLC increased its stake in Visa by 3.3% during the fourth quarter. Elevation Wealth Partners LLC now owns 939 shares of the credit-card processor's stock worth $297,000 after purchasing an additional 30 shares during the period. Warther Private Wealth LLC increased its stake in shares of Visa by 1.0% during the fourth quarter. Warther Private Wealth LLC now owns 2,935 shares of the credit-card processor's stock worth $928,000 after buying an additional 30 shares during the period. Finally, Valmark Advisers Inc. increased its stake in shares of Visa by 0.4% during the fourth quarter. Valmark Advisers Inc. now owns 7,251 shares of the credit-card processor's stock worth $2,292,000 after buying an additional 30 shares during the period. Institutional investors and hedge funds own 82.15% of the company's stock.

Visa Trading Up 0.8%

NYSE:V traded up $2.82 during mid-day trading on Thursday, reaching $362.55. The company's stock had a trading volume of 4,590,181 shares, compared to its average volume of 7,008,449. The company's fifty day simple moving average is $342.62 and its two-hundred day simple moving average is $332.80. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $369.15. The stock has a market cap of $668.96 billion, a P/E ratio of 36.55, a P/E/G ratio of 2.33 and a beta of 0.96.

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

Visa Announces Dividend

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 paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend is Tuesday, May 13th. Visa's dividend payout ratio is currently 23.72%.

Insider Activity

In related 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 transaction, the insider now directly owns 26,413 shares of the company's stock, valued at approximately $8,642,333.60. The trade was a 59.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, 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 value of $889,868.50. Following the transaction, the general counsel now directly owns 11,925 shares in the company, valued at $4,121,041.50. This trade represents a 17.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 121,948 shares of company stock valued at $41,548,282 in the last three months. Corporate insiders own 0.13% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. 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. Susquehanna reaffirmed a "positive" rating on shares of Visa in a report on Friday, March 21st. Oppenheimer reissued an "outperform" rating on shares of Visa in a report on Thursday, February 13th. William Blair reissued an "outperform" rating on shares of Visa in a report on Wednesday, April 30th. Finally, UBS Group raised their target price on Visa from $395.00 to $405.00 and gave the company a "buy" rating in a report on Wednesday. Six research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $366.13.

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.