Wagner Wealth Management LLC Purchases 121 Shares of Visa Inc. (NYSE:V)

Wagner Wealth Management LLC lifted its position in Visa Inc. (NYSE:V) by 9.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,342 shares of the credit-card processor’s stock after buying an additional 121 shares during the period. Wagner Wealth Management LLC’s holdings in Visa were worth $424,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in V. Thurston Springer Miller Herd & Titak Inc. increased its holdings in Visa by 26.9% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,190 shares of the credit-card processor’s stock worth $603,000 after purchasing an additional 464 shares in the last quarter. CX Institutional boosted its stake in shares of Visa by 22.4% during the 3rd quarter. CX Institutional now owns 52,998 shares of the credit-card processor’s stock worth $14,572,000 after buying an additional 9,705 shares during the last quarter. Wesbanco Bank Inc. boosted its stake in shares of Visa by 1.4% during the 3rd quarter. Wesbanco Bank Inc. now owns 8,367 shares of the credit-card processor’s stock worth $2,301,000 after buying an additional 114 shares during the last quarter. Creative Planning boosted its stake in shares of Visa by 2.4% during the 3rd quarter. Creative Planning now owns 566,729 shares of the credit-card processor’s stock worth $155,822,000 after buying an additional 13,318 shares during the last quarter. Finally, Iams Wealth Management LLC boosted its stake in shares of Visa by 28.4% during the 3rd quarter. Iams Wealth Management LLC now owns 1,475 shares of the credit-card processor’s stock worth $406,000 after buying an additional 326 shares during the last quarter. Institutional investors own 82.15% of the company’s stock.

Wall Street Analysts Forecast Growth

V has been the subject of a number of recent research reports. Citigroup increased their price objective on shares of Visa from $354.00 to $393.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Morgan Stanley raised their target price on shares of Visa from $326.00 to $371.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Mizuho raised their target price on shares of Visa from $279.00 to $292.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Susquehanna raised their target price on shares of Visa from $375.00 to $395.00 and gave the company a “positive” rating in a research note on Friday, January 31st. Finally, BMO Capital Markets raised their target price on shares of Visa from $310.00 to $320.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Visa currently has a consensus rating of “Moderate Buy” and an average target price of $354.73.

Visa Trading Down 0.1 %

V opened at $350.88 on Wednesday. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $352.12. The company has a current ratio of 1.12, a quick ratio of 1.28 and a debt-to-equity ratio of 0.45. The company has a market cap of $651.85 billion, a P/E ratio of 35.37, a price-to-earnings-growth ratio of 2.32 and a beta of 0.97. The company has a fifty day moving average price of $321.77 and a two-hundred day moving average price of $296.88.

Visa (NYSE:V) last posted its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, topping the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. Analysts predict that Visa Inc. will post 11.27 EPS for the current fiscal year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th will be given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend is Tuesday, February 11th. Visa’s payout ratio is 23.79%.

Insiders Place Their Bets

In related news, CAO Peter M. Andreski sold 2,332 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $349.62, for a total transaction of $815,313.84. Following the sale, the chief accounting officer now directly owns 4,488 shares in the company, valued at approximately $1,569,094.56. This represents a 34.19 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Paul D. Fabara sold 2,171 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total transaction of $668,602.87. Following the sale, the insider now owns 17,894 shares in the company, valued at $5,510,815.18. The trade was a 10.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 58,056 shares of company stock valued at $19,830,050. Corporate insiders own 0.13% of the company’s stock.

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.