Heirloom Wealth Management Boosts Stock Holdings in Visa Inc. (NYSE:V)

Heirloom Wealth Management increased its position in Visa Inc. (NYSE:V - Free Report) by 7.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 73,416 shares of the credit-card processor's stock after purchasing an additional 4,806 shares during the quarter. Visa accounts for 7.0% of Heirloom Wealth Management's portfolio, making the stock its 3rd largest position. Heirloom Wealth Management's holdings in Visa were worth $23,202,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in V. Crescent Grove Advisors LLC increased its position in Visa by 2.2% during the 4th quarter. Crescent Grove Advisors LLC now owns 1,437 shares of the credit-card processor's stock worth $454,000 after buying an additional 31 shares during the period. Phoenix Wealth Advisors lifted its stake in Visa by 3.4% during the fourth quarter. Phoenix Wealth Advisors now owns 964 shares of the credit-card processor's stock worth $305,000 after purchasing an additional 32 shares during the last quarter. Unionview LLC boosted its holdings in shares of Visa by 1.5% in the 3rd quarter. Unionview LLC now owns 2,296 shares of the credit-card processor's stock valued at $631,000 after purchasing an additional 33 shares in the last quarter. Forza Wealth Management LLC increased its stake in shares of Visa by 2.9% in the 4th quarter. Forza Wealth Management LLC now owns 1,164 shares of the credit-card processor's stock valued at $368,000 after purchasing an additional 33 shares during the last quarter. Finally, Presilium Private Wealth LLC raised its holdings in shares of Visa by 2.2% during the 4th quarter. Presilium Private Wealth LLC now owns 1,503 shares of the credit-card processor's stock worth $475,000 after buying an additional 33 shares in the last quarter. Hedge funds and other institutional investors own 82.15% of the company's stock.

Insiders Place Their Bets

In related news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total value of $2,739,263.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Paul D. Fabara sold 2,171 shares of the company's stock in a transaction dated 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 of the company's stock, valued at approximately $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. Corporate insiders own 0.13% of the company's stock.

Visa Price Performance

NYSE V traded up $7.38 on Thursday, hitting $343.26. The stock had a trading volume of 7,963,976 shares, compared to its average volume of 5,745,500. The firm has a 50-day moving average of $316.43 and a 200-day moving average of $292.09. The company has a market capitalization of $639.46 billion, a price-to-earnings ratio of 35.28, a price-to-earnings-growth ratio of 2.17 and a beta of 0.96. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.28 and a current ratio of 1.28. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $344.44.

Visa (NYSE:V - Get Free Report) last announced its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, topping analysts' consensus estimates of $2.66 by $0.09. Visa had a return on equity of 53.16% and a net margin of 54.96%. Equities analysts expect that Visa Inc. will post 11.19 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on V. Keefe, Bruyette & Woods lifted their price target on shares of Visa from $335.00 to $360.00 and gave the company an "outperform" rating in a report on Monday, December 9th. Citigroup upped their price target on Visa from $326.00 to $354.00 and gave the company a "buy" rating in a research report on Tuesday, January 14th. TD Cowen raised their price objective on Visa from $318.00 to $325.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Barclays raised their price target on shares of Visa from $319.00 to $347.00 and gave the stock an "overweight" rating in a report on Monday, November 4th. Finally, BMO Capital Markets increased their price objective on shares of Visa from $310.00 to $320.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $335.52.

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.