San Luis Wealth Advisors LLC Grows Stake in Visa Inc. (NYSE:V)

San Luis Wealth Advisors LLC raised its stake in Visa Inc. (NYSE:V) by 17.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,159 shares of the credit-card processor’s stock after purchasing an additional 2,422 shares during the quarter. Visa comprises about 1.8% of San Luis Wealth Advisors LLC’s investment portfolio, making the stock its 14th biggest position. San Luis Wealth Advisors LLC’s holdings in Visa were worth $4,207,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the stock. Investment Advisory Services Inc. TX ADV grew its stake in shares of Visa by 2.0% during the third quarter. Investment Advisory Services Inc. TX ADV now owns 3,930 shares of the credit-card processor’s stock valued at $904,000 after acquiring an additional 78 shares in the last quarter. Camarda Financial Advisors LLC grew its stake in shares of Visa by 3.0% during the second quarter. Camarda Financial Advisors LLC now owns 6,249 shares of the credit-card processor’s stock valued at $1,484,000 after acquiring an additional 182 shares in the last quarter. Cibc World Market Inc. grew its stake in shares of Visa by 1.8% during the second quarter. Cibc World Market Inc. now owns 783,402 shares of the credit-card processor’s stock valued at $186,042,000 after acquiring an additional 14,022 shares in the last quarter. Wayfinding Financial LLC grew its stake in shares of Visa by 10.1% during the third quarter. Wayfinding Financial LLC now owns 1,757 shares of the credit-card processor’s stock valued at $406,000 after acquiring an additional 161 shares in the last quarter. Finally, Richelieu Gestion SA acquired a new position in Visa in the fourth quarter worth about $307,000. 82.15% of the stock is owned by hedge funds and other institutional investors.

Visa Price Performance

Visa stock traded down $2.46 during mid-day trading on Wednesday, hitting $278.14. The company’s stock had a trading volume of 870,708 shares, compared to its average volume of 5,572,288. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $510.81 billion, a P/E ratio of 32.37, a P/E/G ratio of 1.94 and a beta of 0.96. Visa Inc. has a twelve month low of $216.14 and a twelve month high of $290.96. The stock’s fifty day moving average price is $278.54 and its two-hundred day moving average price is $258.27.

Visa (NYSE:V) last posted its quarterly earnings data on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share for the quarter, topping the consensus estimate of $2.34 by $0.07. Visa had a net margin of 53.92% and a return on equity of 50.02%. The firm had revenue of $8.63 billion for the quarter, compared to analysts’ expectations of $8.55 billion. During the same period in the previous year, the company posted $2.18 EPS. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. Research analysts forecast that Visa Inc. will post 9.9 earnings per share for the current year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 9th were issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 0.75%. The ex-dividend date was Thursday, February 8th. Visa’s dividend payout ratio is currently 23.94%.

Insider Activity

In other news, CAO Peter M. Andreski sold 2,615 shares of the business’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total transaction of $729,271.20. Following the transaction, the chief accounting officer now directly owns 4,898 shares in the company, valued at approximately $1,365,954.24. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CAO Peter M. Andreski sold 2,615 shares of the business’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total transaction of $729,271.20. Following the transaction, the chief accounting officer now directly owns 4,898 shares in the company, valued at approximately $1,365,954.24. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Rajat Taneja sold 36,546 shares of the business’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $270.20, for a total transaction of $9,874,729.20. Following the transaction, the insider now owns 232,112 shares in the company, valued at $62,716,662.40. The disclosure for this sale can be found here. Insiders have sold a total of 47,311 shares of company stock worth $12,832,129 in the last ninety days. Corporate insiders own 0.19% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Raymond James lifted their price target on Visa from $287.00 to $311.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. Susquehanna lifted their price target on Visa from $300.00 to $326.00 and gave the stock a “positive” rating in a research note on Friday, January 26th. Keefe, Bruyette & Woods lifted their price target on Visa from $305.00 to $315.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. William Blair reiterated an “outperform” rating on shares of Visa in a research note on Friday, January 26th. Finally, Monness Crespi & Hardt initiated coverage on Visa in a research note on Wednesday, December 20th. They issued a “neutral” rating for the company. Five analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $295.82.

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.