Visa Inc. (NYSE:V) Position Increased by WCG Wealth Advisors LLC

WCG Wealth Advisors LLC grew its holdings in Visa Inc. (NYSE:V - Free Report) by 2.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 35,949 shares of the credit-card processor's stock after buying an additional 986 shares during the quarter. WCG Wealth Advisors LLC's holdings in Visa were worth $11,361,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in V. Regent Peak Wealth Advisors LLC raised its position in Visa by 2.5% in the 4th quarter. Regent Peak Wealth Advisors LLC now owns 4,927 shares of the credit-card processor's stock valued at $1,557,000 after purchasing an additional 121 shares in the last quarter. Capital & Planning LLC raised its position in Visa by 21.2% in the 4th quarter. Capital & Planning LLC now owns 949 shares of the credit-card processor's stock valued at $300,000 after purchasing an additional 166 shares in the last quarter. Sky Investment Group LLC raised its position in Visa by 2.9% in the 4th quarter. Sky Investment Group LLC now owns 7,259 shares of the credit-card processor's stock valued at $2,294,000 after purchasing an additional 208 shares in the last quarter. Ulland Investment Advisors LLC raised its position in Visa by 0.3% in the 4th quarter. Ulland Investment Advisors LLC now owns 13,050 shares of the credit-card processor's stock valued at $4,124,000 after purchasing an additional 41 shares in the last quarter. Finally, Koshinski Asset Management Inc. raised its position in Visa by 1.4% in the 4th quarter. Koshinski Asset Management Inc. now owns 8,459 shares of the credit-card processor's stock valued at $2,673,000 after purchasing an additional 113 shares in the last quarter. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on V. Jefferies Financial Group increased their price objective on Visa from $400.00 to $410.00 and gave the company a "buy" rating in a report on Tuesday. Oppenheimer reissued an "outperform" rating on shares of Visa in a report on Thursday, February 13th. Macquarie reduced their price objective on Visa from $400.00 to $380.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. William Blair reaffirmed an "outperform" rating on shares of Visa in a report on Wednesday, April 30th. Finally, Wall Street Zen raised Visa from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Six research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Visa has an average rating of "Moderate Buy" and an average target price of $365.71.

Insider Transactions at Visa

In other news, General Counsel Julie B. Rottenberg sold 2,575 shares of the firm's stock in a transaction 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 completion of the sale, the general counsel now directly owns 11,925 shares of the company's stock, valued at $4,121,041.50. This trade represents a 17.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Paul D. Fabara sold 39,350 shares of the stock in a transaction on Friday, March 14th. The shares were sold at an average price of $327.20, for a total value of $12,875,320.00. Following the completion of the sale, the insider now owns 26,413 shares of the company's stock, valued at $8,642,333.60. The trade was a 59.84% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 121,948 shares of company stock valued at $41,548,282 in the last three months. 0.13% of the stock is currently owned by corporate insiders.

Visa Price Performance

NYSE V traded up $4.89 on Tuesday, reaching $358.43. 1,754,561 shares of the stock traded hands, compared to its average volume of 7,005,714. The firm's fifty day simple moving average is $341.75 and its 200 day simple moving average is $332.43. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The company has a market cap of $661.37 billion, a price-to-earnings ratio of 36.14, a P/E/G 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.

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, beating analysts' consensus estimates of $2.68 by $0.08. The firm had revenue of $9.59 billion during the quarter, compared to analyst estimates of $9.57 billion. Visa had a return on equity of 54.79% and a net margin of 54.27%. The firm's quarterly revenue was up 9.3% on a year-over-year basis. During the same period last year, the company posted $2.51 EPS. As a group, research analysts predict that Visa Inc. will post 11.3 EPS for the current fiscal 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 paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.66%. The ex-dividend date of this dividend is Tuesday, May 13th. Visa's dividend payout ratio is presently 23.72%.

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.