ForthRight Wealth Management LLC Purchases 236 Shares of Visa Inc. (NYSE:V)

ForthRight Wealth Management LLC boosted its stake in shares of Visa Inc. (NYSE:V) by 2.8% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,677 shares of the credit-card processor’s stock after buying an additional 236 shares during the quarter. Visa makes up approximately 0.8% of ForthRight Wealth Management LLC’s portfolio, making the stock its 21st largest holding. ForthRight Wealth Management LLC’s holdings in Visa were worth $2,386,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Hilltop National Bank bought a new position in shares of Visa in the first quarter worth approximately $1,212,000. Absolute Capital Management LLC bought a new position in shares of Visa in the first quarter worth approximately $404,000. Davidson Capital Management Inc. increased its position in shares of Visa by 0.5% in the first quarter. Davidson Capital Management Inc. now owns 9,275 shares of the credit-card processor’s stock worth $2,588,000 after purchasing an additional 44 shares during the last quarter. Empirical Finance LLC increased its position in shares of Visa by 4.4% in the first quarter. Empirical Finance LLC now owns 45,724 shares of the credit-card processor’s stock worth $12,761,000 after purchasing an additional 1,914 shares during the last quarter. Finally, Arjuna Capital grew its position in Visa by 0.8% during the second quarter. Arjuna Capital now owns 11,851 shares of the credit-card processor’s stock valued at $3,111,000 after acquiring an additional 96 shares during the last quarter. Institutional investors own 82.15% of the company’s stock.

Analyst Ratings Changes

V has been the topic of a number of recent research reports. Citigroup increased their price target on shares of Visa from $319.00 to $326.00 and gave the company a “buy” rating in a research report on Wednesday. Morgan Stanley increased their price target on shares of Visa from $322.00 to $326.00 and gave the company an “overweight” rating in a research report on Wednesday. BNP Paribas upgraded shares of Visa from a “neutral” rating to an “outperform” rating and set a $325.00 price target on the stock in a research report on Tuesday, September 3rd. Compass Point started coverage on shares of Visa in a research report on Wednesday, September 4th. They set a “buy” rating and a $319.00 price target on the stock. Finally, Robert W. Baird raised their target price on shares of Visa from $330.00 to $340.00 and gave the stock an “outperform” rating in a report on Wednesday. Four analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $320.70.

Visa Stock Performance

V stock opened at $290.74 on Friday. The company has a quick ratio of 1.37, a current ratio of 1.28 and a debt-to-equity ratio of 0.55. The business’s fifty day simple moving average is $281.00 and its two-hundred day simple moving average is $273.63. Visa Inc. has a twelve month low of $239.20 and a twelve month high of $296.34. The firm has a market cap of $529.82 billion, a price-to-earnings ratio of 29.88, a PEG ratio of 1.94 and a beta of 0.95.

Visa (NYSE:V) last announced its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 EPS for the quarter, beating 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 quarter last year, the firm posted $2.33 earnings per share. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. Analysts predict that Visa Inc. will post 11.17 earnings per share for the current year.

Visa Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Tuesday, November 12th will be issued a dividend of $0.59 per share. This is an increase from Visa’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.81%. Visa’s payout ratio is 21.38%.

Insider Buying and Selling

In other news, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $276.37, for a total value of $2,382,309.40. Following the completion of the sale, the chief executive officer now directly owns 538 shares in the company, valued at $148,687.06. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.19% of the company’s stock.

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.