Wilkins Miller Wealth Management LLC Invests $266,000 in Visa Inc. (NYSE:V)

Wilkins Miller Wealth Management LLC acquired a new position in shares of Visa Inc. (NYSE:V - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 841 shares of the credit-card processor's stock, valued at approximately $266,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Capital & Planning LLC boosted its position in shares of Visa by 21.2% during the fourth quarter. Capital & Planning LLC now owns 949 shares of the credit-card processor's stock valued at $300,000 after buying an additional 166 shares during the last quarter. Bourne Lent Asset Management Inc. boosted its holdings in shares of Visa by 18.1% during the 4th quarter. Bourne Lent Asset Management Inc. now owns 8,034 shares of the credit-card processor's stock valued at $2,539,000 after acquiring an additional 1,234 shares during the last quarter. Dakota Wealth Management raised its holdings in shares of Visa by 3.6% during the fourth quarter. Dakota Wealth Management now owns 118,694 shares of the credit-card processor's stock valued at $37,512,000 after purchasing an additional 4,100 shares during the last quarter. West Branch Capital LLC raised its holdings in shares of Visa by 4.3% during the fourth quarter. West Branch Capital LLC now owns 20,295 shares of the credit-card processor's stock valued at $6,414,000 after purchasing an additional 830 shares during the last quarter. Finally, Advisory Alpha LLC lifted its position in Visa by 10.1% during the fourth quarter. Advisory Alpha LLC now owns 5,044 shares of the credit-card processor's stock valued at $1,594,000 after purchasing an additional 464 shares during the period. Institutional investors own 82.15% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Oppenheimer reiterated an "outperform" rating on shares of Visa in a research report on Thursday, February 13th. Keefe, Bruyette & Woods reaffirmed a "hold" rating on shares of Visa in a report on Thursday, February 13th. Wall Street Zen raised Visa from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Macquarie dropped their price objective on Visa from $400.00 to $380.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Finally, Piper Sandler boosted their price target on Visa from $383.00 to $384.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. Six investment 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 stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $366.13.

Insider Buying and Selling at Visa

In related 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 shares were sold at an average price of $345.58, for a total transaction of $889,868.50. Following the completion of the transaction, the general counsel now owns 11,925 shares in the company, valued at $4,121,041.50. The trade was 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 firm's stock in a transaction on Friday, March 14th. The stock was 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 directly 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 121,948 shares of company stock worth $41,548,282 over the last 90 days. Company insiders own 0.13% of the company's stock.

Visa Trading Up 0.5%

Shares of Visa stock traded up $1.89 on Friday, reaching $364.29. The company had a trading volume of 2,169,677 shares, compared to its average volume of 6,989,625. The firm has a market cap of $672.17 billion, a price-to-earnings ratio of 36.72, a P/E/G ratio of 2.33 and a beta of 0.96. 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 firm's 50-day moving average price is $342.99 and its two-hundred day moving average price is $333.16. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $369.15.

Visa (NYSE:V - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share 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 net margin of 54.27% and a return on equity of 54.79%. The business's revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.51 earnings per share. As a group, research analysts predict that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

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

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.