Next Level Wealth Planning LLC Invests $380,000 in Visa Inc. (NYSE:V)

Next Level Wealth Planning LLC bought a new position in shares of Visa Inc. (NYSE:V - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,201 shares of the credit-card processor's stock, valued at approximately $380,000. Visa accounts for about 0.3% of Next Level Wealth Planning LLC's investment portfolio, making the stock its 27th largest holding.

A number of other institutional investors and hedge funds also recently modified their holdings of V. Swedbank AB raised its position in Visa by 10.7% during the third quarter. Swedbank AB now owns 2,059,111 shares of the credit-card processor's stock valued at $566,153,000 after buying an additional 199,440 shares during the period. Howard Capital Management Group LLC raised its position in Visa by 0.6% during the third quarter. Howard Capital Management Group LLC now owns 106,355 shares of the credit-card processor's stock valued at $29,242,000 after buying an additional 610 shares during the period. Trilogy Capital Inc. raised its position in Visa by 1.3% during the third quarter. Trilogy Capital Inc. now owns 3,213 shares of the credit-card processor's stock valued at $883,000 after buying an additional 40 shares during the period. Castleview Partners LLC raised its position in Visa by 4.0% during the third quarter. Castleview Partners LLC now owns 6,442 shares of the credit-card processor's stock valued at $1,771,000 after buying an additional 246 shares during the period. Finally, Marino Stram & Associates LLC raised its position in Visa by 3.8% during the third quarter. Marino Stram & Associates LLC now owns 3,547 shares of the credit-card processor's stock valued at $975,000 after buying an additional 131 shares during the period. 82.15% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Visa

In other Visa news, CAO Peter M. Andreski sold 2,332 shares of the company's stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $349.62, for a total value of $815,313.84. Following the completion of the transaction, the chief accounting officer now owns 4,488 shares of the company's stock, valued at $1,569,094.56. This represents a 34.19 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the company's stock in a transaction that occurred 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 disclosure for this sale can be found here. Insiders sold a total of 55,885 shares of company stock valued at $19,161,447 in the last quarter. Corporate insiders own 0.13% of the company's stock.

Visa Stock Performance

Shares of NYSE V traded down $2.22 during trading hours on Friday, hitting $348.27. 6,910,504 shares of the company's stock were exchanged, compared to its average volume of 5,753,988. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $357.15. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. The stock has a market capitalization of $647.01 billion, a price-to-earnings ratio of 35.11, a PEG ratio of 2.36 and a beta of 0.97. The company's 50-day moving average price is $328.47 and its 200-day moving average price is $301.39.

Visa (NYSE:V - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. On average, sell-side analysts expect that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th will be issued a $0.59 dividend. The ex-dividend date is Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.68%. Visa's dividend payout ratio (DPR) is 23.79%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Jefferies Financial Group upped their price target on Visa from $320.00 to $330.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. The Goldman Sachs Group upped their price target on Visa from $346.00 to $384.00 and gave the company a "buy" rating in a research report on Friday, January 31st. William Blair reissued an "outperform" rating on shares of Visa in a research report on Friday, January 31st. Deutsche Bank Aktiengesellschaft boosted their target price on Visa from $300.00 to $340.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Finally, BMO Capital Markets boosted their target price on Visa from $310.00 to $320.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Visa presently has a consensus rating of "Moderate Buy" and an average price target of $355.31.

Visa 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.