Wambolt & Associates LLC Takes Position in Visa Inc (NYSE:V)

Wambolt & Associates LLC acquired a new stake in Visa Inc (NYSE:V) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 3,037 shares of the credit-card processor’s stock, valued at approximately $401,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Highwater Wealth Management LLC purchased a new position in Visa in the 4th quarter valued at approximately $33,000. Ironwood Financial llc increased its stake in Visa by 67.5% in the 4th quarter. Ironwood Financial llc now owns 335 shares of the credit-card processor’s stock valued at $44,000 after purchasing an additional 135 shares in the last quarter. Contravisory Investment Management Inc. increased its stake in Visa by 180.9% in the 4th quarter. Contravisory Investment Management Inc. now owns 396 shares of the credit-card processor’s stock valued at $52,000 after purchasing an additional 255 shares in the last quarter. G&S Capital LLC increased its position in Visa by 86.0% during the fourth quarter. G&S Capital LLC now owns 519 shares of the credit-card processor’s stock worth $68,000 after buying an additional 240 shares in the last quarter. Finally, First Command Bank increased its position in Visa by 70.8% during the fourth quarter. First Command Bank now owns 1,030 shares of the credit-card processor’s stock worth $136,000 after buying an additional 427 shares in the last quarter. 80.97% of the stock is owned by hedge funds and other institutional investors.

Several research firms have weighed in on V. Zacks Investment Research raised Visa from a “hold” rating to a “buy” rating and set a $181.00 price target for the company in a research report on Saturday, April 27th. Cantor Fitzgerald reissued a “buy” rating and set a $181.00 price target on shares of Visa in a research report on Sunday, April 28th. Goldman Sachs Group reissued a “buy” rating and set a $188.00 price target on shares of Visa in a research report on Thursday. UBS Group raised their price objective on Visa from $146.00 to $183.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, BMO Capital Markets raised their price objective on Visa to $214.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. One investment analyst has rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $176.67.

In other Visa news, Vice Chairman Ellen Richey sold 81,005 shares of the business’s stock in a transaction dated Thursday, February 7th. The stock was sold at an average price of $139.99, for a total transaction of $11,339,889.95. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP James H. Hoffmeister sold 6,480 shares of the business’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $151.00, for a total value of $978,480.00. Following the transaction, the senior vice president now owns 6,480 shares in the company, valued at approximately $978,480. The disclosure for this sale can be found here. Insiders sold 269,207 shares of company stock worth $41,302,652 in the last quarter. 0.17% of the stock is owned by insiders.

Visa stock traded up $0.92 during midday trading on Friday, reaching $162.04. The stock had a trading volume of 4,317,529 shares, compared to its average volume of 8,323,410. Visa Inc has a twelve month low of $121.60 and a twelve month high of $165.74. The stock has a market capitalization of $325.28 billion, a P/E ratio of 35.15, a PEG ratio of 1.86 and a beta of 1.00. The company has a current ratio of 1.62, a quick ratio of 1.50 and a debt-to-equity ratio of 0.58.

Visa (NYSE:V) last issued its earnings results on Wednesday, April 24th. The credit-card processor reported $1.31 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.24 by $0.07. Visa had a return on equity of 40.56% and a net margin of 51.34%. The firm had revenue of $5.49 billion for the quarter, compared to analysts’ expectations of $5.46 billion. During the same quarter last year, the firm earned $1.11 earnings per share. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. As a group, sell-side analysts predict that Visa Inc will post 5.38 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Friday, May 17th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date of this dividend is Thursday, May 16th. Visa’s payout ratio is currently 21.69%.

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Visa Profile

Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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