Relyea Zuckerberg Hanson LLC raised its position in shares of Visa Inc. (NYSE:V - Free Report) by 49.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,911 shares of the credit-card processor's stock after purchasing an additional 4,963 shares during the quarter. Relyea Zuckerberg Hanson LLC's holdings in Visa were worth $4,713,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of the company. Unionview LLC grew its position in Visa by 1.5% in the third quarter. Unionview LLC now owns 2,296 shares of the credit-card processor's stock worth $631,000 after buying an additional 33 shares during the last quarter. Forza Wealth Management LLC lifted its position 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 acquiring an additional 33 shares in the last quarter. Presilium Private Wealth LLC boosted its stake in Visa by 2.2% in the 4th quarter. Presilium Private Wealth LLC now owns 1,503 shares of the credit-card processor's stock worth $475,000 after purchasing an additional 33 shares during the period. FWG Holdings LLC raised its stake in Visa by 1.1% during the 3rd quarter. FWG Holdings LLC now owns 3,168 shares of the credit-card processor's stock valued at $900,000 after purchasing an additional 34 shares during the period. Finally, St. Louis Trust Co lifted its holdings in shares of Visa by 0.9% in the third quarter. St. Louis Trust Co now owns 3,885 shares of the credit-card processor's stock valued at $1,068,000 after purchasing an additional 34 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.
Visa Price Performance
Shares of NYSE:V traded up $2.72 during trading on Friday, reaching $319.97. The stock had a trading volume of 5,746,152 shares, compared to its average volume of 5,703,089. The stock has a market capitalization of $596.06 billion, a PE ratio of 32.88, a P/E/G ratio of 2.06 and a beta of 0.96. 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 Inc. has a 52 week low of $252.70 and a 52 week high of $321.61. The business's 50-day moving average price is $313.41 and its 200 day moving average price is $288.59.
Visa (NYSE:V - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The credit-card processor reported $2.71 EPS for the quarter, beating analysts' consensus estimates 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 last year, the company earned $2.33 EPS. The business's quarterly revenue was up 11.7% compared to the same quarter last year. As a group, equities analysts predict that Visa Inc. will post 11.22 earnings per share for the current year.
Visa Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th were given a dividend of $0.59 per share. This is a boost from Visa's previous quarterly dividend of $0.52. The ex-dividend date was Tuesday, November 12th. This represents a $2.36 annualized dividend and a dividend yield of 0.74%. Visa's payout ratio is presently 24.25%.
Wall Street Analysts Forecast Growth
V has been the subject of several analyst reports. Robert W. Baird lifted their price objective on shares of Visa from $330.00 to $340.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. Seaport Res Ptn raised Visa from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 14th. Piper Sandler increased their price objective on Visa from $319.00 to $322.00 and gave the company an "overweight" rating in a report on Wednesday, October 30th. BMO Capital Markets boosted their target price on Visa from $310.00 to $320.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Finally, TD Cowen upped their target price on Visa from $318.00 to $325.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Visa presently has a consensus rating of "Moderate Buy" and a consensus target price of $331.92.
Get Our Latest Stock Report on V
Insider Activity
In related news, CEO Ryan Mcinerney sold 8,620 shares of the firm's stock in a transaction 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 sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Paul D. Fabara sold 2,171 shares of Visa stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $307.97, for a total value of $668,602.87. Following the transaction, the insider now owns 17,894 shares in the company, valued at $5,510,815.18. This trade represents a 10.82 % decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by company insiders.
About Visa
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Free Report)
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.
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