Benchmark Financial Wealth Advisors LLC purchased a new stake in shares of Visa Inc (NYSE:V) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,887 shares of the credit-card processor’s stock, valued at approximately $249,000. Visa makes up about 0.3% of Benchmark Financial Wealth Advisors LLC’s investment portfolio, making the stock its 27th largest position.
Other hedge funds also recently made changes to their positions in the company. Highwater Wealth Management LLC bought a new position in Visa during the fourth quarter worth about $33,000. Ironwood Financial llc grew its holdings in shares of 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 buying an additional 135 shares during the period. Contravisory Investment Management Inc. grew its holdings in shares of 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 buying an additional 255 shares during the period. G&S Capital LLC grew its holdings in shares of Visa by 86.0% in the 4th quarter. G&S Capital LLC now owns 519 shares of the credit-card processor’s stock valued at $68,000 after buying an additional 240 shares during the period. Finally, Financial Advantage Inc. acquired a new position in shares of Visa in the 4th quarter valued at $68,000. 81.02% of the stock is currently owned by institutional investors and hedge funds.
Shares of V stock traded up $0.90 on Friday, reaching $160.71. The stock had a trading volume of 5,190,658 shares, compared to its average volume of 6,472,081. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.62 and a current ratio of 1.62. The stock has a market cap of $318.99 billion, a price-to-earnings ratio of 34.86, a PEG ratio of 1.81 and a beta of 1.00. Visa Inc has a 12 month low of $121.60 and a 12 month high of $165.74.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Friday, May 17th will be paid a $0.25 dividend. The ex-dividend date is Thursday, May 16th. This represents a $1.00 dividend on an annualized basis and a yield of 0.62%. Visa’s dividend payout ratio (DPR) is currently 21.69%.
V has been the topic of several research reports. Zacks Investment Research raised shares of Visa from a “hold” rating to a “buy” rating and set a $181.00 price objective on the stock in a research report on Saturday, April 27th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $181.00 price objective on shares of Visa in a research report on Sunday, April 28th. Goldman Sachs Group reaffirmed a “buy” rating and issued a $188.00 price objective on shares of Visa in a research report on Thursday, May 2nd. UBS Group boosted their price objective on shares of Visa from $146.00 to $183.00 and gave the company a “neutral” rating in a research report on Thursday, May 2nd. Finally, BMO Capital Markets boosted their price objective on shares of Visa to $214.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Two analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $176.58.
In other Visa news, EVP William M. Sheedy sold 75,676 shares of the stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $165.24, for a total transaction of $12,504,702.24. Following the transaction, the executive vice president now owns 300,114 shares in the company, valued at approximately $49,590,837.36. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Lynne Biggar sold 15,000 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $150.00, for a total transaction of $2,250,000.00. Following the sale, the executive vice president now owns 22,294 shares in the company, valued at approximately $3,344,100. The disclosure for this sale can be found here. In the last quarter, insiders sold 188,202 shares of company stock worth $29,962,762. 0.17% of the stock is owned by company insiders.
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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