Buckley Wealth Management LLC Has $1.22 Million Holdings in Visa Inc. (NYSE:V)

Buckley Wealth Management LLC decreased its position in Visa Inc. (NYSE:V) by 1.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 4,668 shares of the credit-card processor’s stock after selling 55 shares during the period. Buckley Wealth Management LLC’s holdings in Visa were worth $1,215,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GoalVest Advisory LLC boosted its holdings in Visa by 3.4% in the fourth quarter. GoalVest Advisory LLC now owns 1,217 shares of the credit-card processor’s stock valued at $317,000 after acquiring an additional 40 shares during the last quarter. Sunflower Bank N.A. raised its stake in shares of Visa by 1.3% during the fourth quarter. Sunflower Bank N.A. now owns 3,143 shares of the credit-card processor’s stock worth $818,000 after buying an additional 41 shares during the last quarter. HWG Holdings LP lifted its holdings in Visa by 18.4% in the second quarter. HWG Holdings LP now owns 270 shares of the credit-card processor’s stock valued at $64,000 after buying an additional 42 shares during the period. Powers Advisory Group LLC boosted its stake in Visa by 4.1% in the third quarter. Powers Advisory Group LLC now owns 1,101 shares of the credit-card processor’s stock valued at $253,000 after acquiring an additional 43 shares during the last quarter. Finally, Marco Investment Management LLC grew its holdings in Visa by 3.9% during the 3rd quarter. Marco Investment Management LLC now owns 1,141 shares of the credit-card processor’s stock worth $262,000 after acquiring an additional 43 shares during the period. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CAO Peter M. Andreski sold 2,615 shares of Visa stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total value of $729,271.20. Following the completion of the sale, the chief accounting officer now directly owns 4,898 shares in the company, valued at $1,365,954.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Visa news, CAO Peter M. Andreski sold 2,615 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total transaction of $729,271.20. Following the completion of the transaction, the chief accounting officer now directly owns 4,898 shares in the company, valued at $1,365,954.24. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Ryan Mcinerney sold 8,150 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total value of $2,228,128.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 47,311 shares of company stock valued at $12,832,129. 0.19% of the stock is owned by company insiders.

Visa Stock Performance

Shares of V stock traded up $0.70 during trading on Thursday, reaching $279.72. 2,714,541 shares of the company’s stock were exchanged, compared to its average volume of 5,597,521. Visa Inc. has a twelve month low of $216.14 and a twelve month high of $290.96. The firm’s fifty day moving average price is $278.86 and its 200-day moving average price is $258.51. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $513.71 billion, a PE ratio of 32.09, a PEG ratio of 1.94 and a beta of 0.96.

Visa (NYSE:V) last announced its earnings results on Thursday, January 25th. The credit-card processor reported $2.41 EPS for the quarter, topping the consensus estimate of $2.34 by $0.07. The business had revenue of $8.63 billion during the quarter, compared to the consensus estimate of $8.55 billion. Visa had a net margin of 53.92% and a return on equity of 50.02%. Visa’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.18 EPS. As a group, sell-side analysts anticipate that Visa Inc. will post 9.89 EPS for the current year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 9th were given a $0.52 dividend. The ex-dividend date was Thursday, February 8th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.74%. Visa’s payout ratio is presently 23.94%.

Analyst Ratings Changes

V has been the subject of several analyst reports. Barclays boosted their target price on Visa from $304.00 to $319.00 and gave the stock an “overweight” rating in a research report on Monday, January 29th. Evercore ISI increased their target price on shares of Visa from $325.00 to $335.00 and gave the stock an “outperform” rating in a report on Tuesday. Citigroup boosted their price target on shares of Visa from $296.00 to $306.00 and gave the company a “buy” rating in a report on Thursday, January 18th. Jefferies Financial Group raised their price objective on Visa from $280.00 to $295.00 and gave the stock a “buy” rating in a research note on Tuesday, December 12th. Finally, Susquehanna boosted their target price on Visa from $300.00 to $326.00 and gave the company a “positive” rating in a research note on Friday, January 26th. Five research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $295.82.

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.