TruWealth Advisors LLC Has $17.56 Million Stock Position in Visa Inc. (NYSE:V)

TruWealth Advisors LLC increased its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 1.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 55,547 shares of the credit-card processor's stock after acquiring an additional 909 shares during the period. TruWealth Advisors LLC's holdings in Visa were worth $17,555,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Custom Index Systems LLC bought a new position in shares of Visa during the third quarter valued at $731,000. Copley Financial Group Inc. acquired a new stake in shares of Visa during the 3rd quarter worth about $616,000. FORA Capital LLC bought a new position in Visa during the 3rd quarter valued at about $7,987,000. Chicago Capital LLC boosted its position in Visa by 5.2% in the third quarter. Chicago Capital LLC now owns 404,914 shares of the credit-card processor's stock valued at $111,331,000 after buying an additional 20,023 shares in the last quarter. Finally, Nexus Investment Management ULC grew its stake in Visa by 5,034.0% during the third quarter. Nexus Investment Management ULC now owns 56,371 shares of the credit-card processor's stock worth $15,499,000 after buying an additional 55,273 shares during the last quarter. Institutional investors own 82.15% of the company's stock.

Analysts Set New Price Targets

V has been the topic of several recent analyst reports. Oppenheimer boosted their target price on Visa from $321.00 to $375.00 and gave the stock an "outperform" rating in a report on Thursday, December 19th. Wells Fargo & Company increased their target price on Visa from $325.00 to $360.00 and gave the stock an "overweight" rating in a report on Friday, January 3rd. Morgan Stanley lifted their price target on Visa from $326.00 to $371.00 and gave the company an "overweight" rating in a report on Wednesday, December 18th. Royal Bank of Canada increased their price objective on shares of Visa from $311.00 to $322.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Finally, BMO Capital Markets boosted their target price on shares of Visa from $310.00 to $320.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th. Four analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $331.92.

Insiders Place Their Bets

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the company's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total transaction of $2,739,263.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul D. Fabara sold 2,171 shares of the firm's stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total transaction of $668,602.87. Following the transaction, the insider now directly owns 17,894 shares of the company's stock, valued at $5,510,815.18. This represents 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 Trading Up 0.9 %

V traded up $2.72 during mid-day trading on Monday, hitting $319.97. The stock had a trading volume of 5,746,152 shares, compared to its average volume of 5,703,089. The stock's fifty day simple moving average is $313.41 and its 200-day simple moving average is $288.73. The firm has a market capitalization of $596.06 billion, a price-to-earnings ratio of 32.88, a price-to-earnings-growth ratio of 2.06 and a beta of 0.96. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $321.61. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.28 and a quick ratio of 1.28.

Visa (NYSE:V - Get Free Report) last posted its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share for the quarter, topping the consensus estimate of $2.58 by $0.13. Visa had a return on equity of 53.16% and a net margin of 54.96%. The firm had revenue of $9.62 billion for the quarter, compared to analyst estimates of $9.49 billion. During the same period in the previous year, the company posted $2.33 earnings per share. The company's revenue for the quarter was up 11.7% on a year-over-year basis. As a group, research analysts forecast that Visa Inc. will post 11.22 EPS for the current fiscal year.

Visa Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Tuesday, November 12th were paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.74%. This is a boost from Visa's previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Tuesday, November 12th. Visa's dividend payout ratio is presently 24.25%.

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.