Outlook Wealth Advisors LLC Lowers Stock Position in Visa Inc. (NYSE:V)

Outlook Wealth Advisors LLC lessened its stake in shares of Visa Inc. (NYSE:V) by 6.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,458 shares of the credit-card processor’s stock after selling 288 shares during the quarter. Outlook Wealth Advisors LLC’s holdings in Visa were worth $1,161,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. BCK Partners Inc. purchased a new position in Visa in the first quarter worth approximately $2,717,000. Markel Corp lifted its position in shares of Visa by 0.3% during the 1st quarter. Markel Corp now owns 961,105 shares of the credit-card processor’s stock worth $213,144,000 after buying an additional 3,065 shares during the last quarter. AMI Investment Management Inc. purchased a new stake in shares of Visa during the 1st quarter worth approximately $2,323,000. Ergoteles LLC purchased a new stake in shares of Visa during the 1st quarter worth approximately $538,000. Finally, XTX Topco Ltd purchased a new stake in shares of Visa during the 1st quarter worth approximately $1,496,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Visa Price Performance

Shares of NYSE V opened at $271.28 on Tuesday. The stock has a market cap of $498.21 billion, a price-to-earnings ratio of 31.22, a PEG ratio of 1.91 and a beta of 0.96. Visa Inc. has a 52 week low of $216.14 and a 52 week high of $290.96. The company’s 50-day moving average price is $280.04 and its 200 day moving average price is $262.19. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.54.

Visa (NYSE:V) last released its quarterly earnings results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.34 by $0.07. Visa had a net margin of 53.92% and a return on equity of 50.02%. The company had revenue of $8.63 billion for the quarter, compared to analysts’ expectations of $8.55 billion. During the same period last year, the company earned $2.18 EPS. The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. As a group, research analysts forecast that Visa Inc. will post 9.89 earnings per share for the current fiscal year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 9th were issued a dividend of $0.52 per share. The ex-dividend date was Thursday, February 8th. This represents a $2.08 annualized dividend and a dividend yield of 0.77%. Visa’s payout ratio is currently 23.94%.

Insider Transactions at Visa

In related news, CAO Peter M. Andreski sold 2,615 shares of the firm’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 value of $729,271.20. Following the transaction, the chief accounting officer now owns 4,898 shares in the company, valued at $1,365,954.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CAO Peter M. Andreski sold 2,615 shares of the firm’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 value of $729,271.20. Following the transaction, the chief accounting officer now owns 4,898 shares in the company, valued at $1,365,954.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Ryan Mcinerney sold 8,150 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total transaction of $2,228,128.50. The disclosure for this sale can be found here. Insiders have sold a total of 55,511 shares of company stock worth $15,131,081 in the last three months. Company insiders own 0.19% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on V. Wedbush upped their price target on shares of Visa from $270.00 to $280.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. Barclays upped their price target on shares of Visa from $304.00 to $319.00 and gave the company an “overweight” rating in a research report on Monday, January 29th. Redburn Atlantic reiterated a “neutral” rating and issued a $307.00 price target on shares of Visa in a research report on Wednesday, March 27th. Mizuho reiterated a “neutral” rating and issued a $265.00 price target on shares of Visa in a research report on Wednesday, March 27th. Finally, KeyCorp upped their price target on shares of Visa from $275.00 to $300.00 and gave the company an “overweight” rating in a research report on Monday, January 8th. Five investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $296.87.

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.