Tyler Stone Wealth Management Buys 62 Shares of Visa Inc. (NYSE:V)

Tyler Stone Wealth Management boosted its stake in Visa Inc. (NYSE:V) by 0.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,526 shares of the credit-card processor’s stock after acquiring an additional 62 shares during the period. Visa accounts for 1.1% of Tyler Stone Wealth Management’s investment portfolio, making the stock its 20th largest holding. Tyler Stone Wealth Management’s holdings in Visa were worth $6,171,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also added to or reduced their stakes in V. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund raised its position in shares of Visa by 2.3% in the 4th quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 323,760 shares of the credit-card processor’s stock worth $102,321,000 after acquiring an additional 7,300 shares in the last quarter. Aviso Wealth Management grew its stake in Visa by 12.4% in the fourth quarter. Aviso Wealth Management now owns 5,761 shares of the credit-card processor’s stock valued at $1,821,000 after acquiring an additional 635 shares during the period. Heritage Wealth Advisors increased its holdings in shares of Visa by 0.5% during the fourth quarter. Heritage Wealth Advisors now owns 20,213 shares of the credit-card processor’s stock valued at $6,388,000 after acquiring an additional 95 shares in the last quarter. Graney & King LLC acquired a new position in shares of Visa during the fourth quarter worth approximately $379,000. Finally, Sellwood Investment Partners LLC bought a new position in shares of Visa in the 4th quarter worth $41,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insider Activity

In other Visa news, insider Tullier Kelly Mahon sold 33,741 shares of Visa stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $349.77, for a total value of $11,801,589.57. Following the completion of the sale, the insider now owns 36,566 shares of the company’s stock, valued at approximately $12,789,689.82. The trade was a 47.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Paul D. Fabara sold 39,350 shares of the stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $340.41, for a total value of $13,395,133.50. Following the transaction, the insider now directly owns 26,413 shares in the company, valued at $8,991,249.33. The trade was a 59.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 143,205 shares of company stock worth $48,560,961 over the last 90 days. 0.13% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Susquehanna restated a “positive” rating on shares of Visa in a report on Friday. Citigroup reaffirmed a “neutral” rating on shares of Visa in a research report on Thursday, February 13th. The Goldman Sachs Group boosted their price objective on Visa from $346.00 to $384.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Raymond James restated an “outperform” rating and issued a $393.00 target price (up previously from $374.00) on shares of Visa in a report on Friday, January 31st. Finally, UBS Group upped their price target on Visa from $350.00 to $400.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Six research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Visa currently has an average rating of “Moderate Buy” and a consensus target price of $353.96.

Visa Stock Up 0.3 %

V stock opened at $344.95 on Wednesday. The business has a 50 day moving average of $341.94 and a 200 day moving average of $314.21. The firm has a market cap of $640.84 billion, a PE ratio of 34.77, a price-to-earnings-growth ratio of 2.33 and a beta of 0.95. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $366.54. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45.

Visa (NYSE:V) last issued its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. On average, research analysts forecast that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were paid a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 annualized dividend and a dividend yield of 0.68%. Visa’s dividend payout ratio is presently 23.79%.

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.