Global Wealth Management Investment Advisory Inc. Decreases Stake in Visa Inc. (NYSE:V)

Global Wealth Management Investment Advisory Inc. lowered its position in Visa Inc. (NYSE:V) by 11.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 611 shares of the credit-card processor’s stock after selling 79 shares during the quarter. Global Wealth Management Investment Advisory Inc.’s holdings in Visa were worth $159,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Altshuler Shaham Ltd acquired a new stake in Visa during the third quarter worth approximately $25,000. O Brien Wealth Partners LLC acquired a new stake in Visa during the fourth quarter worth approximately $32,000. Valued Wealth Advisors LLC acquired a new stake in Visa during the fourth quarter worth approximately $37,000. Stuart Chaussee & Associates Inc. raised its holdings in Visa by 66.2% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 236 shares of the credit-card processor’s stock worth $61,000 after purchasing an additional 94 shares in the last quarter. Finally, Life Planning Partners Inc acquired a new stake in Visa during the fourth quarter worth approximately $71,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insider Buying and Selling

In related news, CEO Ryan Mcinerney sold 8,200 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $280.36, for a total value of $2,298,952.00. Following the sale, the chief executive officer now directly owns 538 shares in the company, valued at approximately $150,833.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CAO Peter M. Andreski sold 2,615 shares of the business’s stock in a transaction dated 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 transaction, the chief accounting officer now owns 4,898 shares of the company’s stock, valued at approximately $1,365,954.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ryan Mcinerney sold 8,200 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the completion of the transaction, the chief executive officer now directly owns 538 shares of the company’s stock, valued at approximately $150,833.68. The disclosure for this sale can be found here. Insiders have sold 11,724 shares of company stock worth $3,278,698 in the last three months. Corporate insiders own 0.19% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on V. Wells Fargo & Company raised their price objective on shares of Visa from $300.00 to $325.00 and gave the stock an “overweight” rating in a report on Wednesday, March 6th. Keefe, Bruyette & Woods lifted their target price on shares of Visa from $305.00 to $315.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Wedbush lifted their target price on shares of Visa from $280.00 to $300.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Raymond James lifted their target price on shares of Visa from $287.00 to $311.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Finally, Barclays lifted their target price on shares of Visa from $304.00 to $319.00 and gave the company an “overweight” rating in a report on Monday, January 29th. Five equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Visa currently has an average rating of “Moderate Buy” and a consensus target price of $303.00.

Visa Price Performance

Shares of NYSE V opened at $267.32 on Thursday. The firm has a market capitalization of $490.94 billion, a P/E ratio of 29.87, a PEG ratio of 1.84 and a beta of 0.95. Visa Inc. has a one year low of $216.14 and a one year high of $290.96. The company’s fifty day moving average is $278.79 and its two-hundred day moving average is $265.21. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.40 and a current ratio of 1.40.

Visa (NYSE:V) last issued its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, topping the consensus estimate of $2.43 by $0.08. The company had revenue of $8.78 billion for the quarter, compared to analyst estimates of $8.62 billion. Visa had a net margin of 53.87% and a return on equity of 51.23%. The business’s revenue was up 9.9% on a year-over-year basis. During the same period in the previous year, the firm earned $2.09 EPS. Analysts forecast that Visa Inc. will post 9.93 EPS for the current fiscal year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 17th will be given a $0.52 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.08 annualized dividend and a dividend yield of 0.78%. Visa’s dividend payout ratio is presently 23.24%.

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.