Puff Wealth Management LLC Acquires New Position in Visa Inc. (NYSE:V)

Puff Wealth Management LLC acquired a new position in Visa Inc. (NYSE:V - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 2,276 shares of the credit-card processor's stock, valued at approximately $719,000. Visa comprises about 1.2% of Puff Wealth Management LLC's holdings, making the stock its 27th largest holding.

A number of other institutional investors and hedge funds have also recently modified their holdings of V. International Assets Investment Management LLC grew its position in shares of Visa by 45,189.4% in the 3rd quarter. International Assets Investment Management LLC now owns 9,758,505 shares of the credit-card processor's stock worth $2,683,101,000 after buying an additional 9,736,958 shares during the last quarter. State Street Corp grew its position in Visa by 4.5% during the 3rd quarter. State Street Corp now owns 76,610,942 shares of the credit-card processor's stock worth $21,064,179,000 after purchasing an additional 3,327,977 shares during the last quarter. FMR LLC grew its position in Visa by 6.1% during the 3rd quarter. FMR LLC now owns 57,111,843 shares of the credit-card processor's stock worth $15,702,901,000 after purchasing an additional 3,265,518 shares during the last quarter. Geode Capital Management LLC grew its position in Visa by 7.7% during the 3rd quarter. Geode Capital Management LLC now owns 38,655,250 shares of the credit-card processor's stock worth $10,601,135,000 after purchasing an additional 2,772,549 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Visa during the 3rd quarter worth approximately $268,640,000. Hedge funds and other institutional investors own 82.15% of the company's stock.

Insiders Place Their Bets

In other news, General Counsel Julie B. Rottenberg sold 2,572 shares of the company's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $340.00, for a total transaction of $874,480.00. Following the completion of the sale, the general counsel now owns 11,925 shares of the company's stock, valued at $4,054,500. This represents a 17.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Tullier Kelly Mahon sold 33,741 shares of the company's stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the sale, the insider now directly owns 36,566 shares of the company's stock, valued at $12,789,689.82. The trade was a 47.99 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 55,885 shares of company stock worth $19,161,447. Company insiders own 0.13% of the company's stock.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Seaport Res Ptn raised shares of Visa from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 14th. Morgan Stanley boosted their target price on shares of Visa from $326.00 to $371.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 18th. Macquarie boosted their target price on shares of Visa from $300.00 to $335.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. boosted their target price on shares of Visa from $340.00 to $375.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Finally, TD Cowen lifted their price objective on shares of Visa from $318.00 to $325.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Four analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $355.31.

Visa Price Performance

NYSE:V traded down $2.22 during trading hours on Friday, reaching $348.27. 6,910,504 shares of the company were exchanged, compared to its average volume of 5,753,988. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. The stock's 50-day moving average is $329.14 and its 200-day moving average is $302.03. The firm has a market cap of $647.01 billion, a PE ratio of 35.11, a price-to-earnings-growth ratio of 2.36 and a beta of 0.97. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $357.15.

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 analysts' consensus estimates of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. On average, sell-side analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The business 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 dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend is Tuesday, February 11th. Visa's dividend payout ratio is presently 23.79%.

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.