Visa Inc. (NYSE:V) Shares Bought by Peterson Wealth Services

Peterson Wealth Services grew its holdings in shares of Visa Inc. (NYSE:V) by 1.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,867 shares of the credit-card processor’s stock after buying an additional 396 shares during the period. Visa accounts for about 2.1% of Peterson Wealth Services’ holdings, making the stock its 12th largest holding. Peterson Wealth Services’ holdings in Visa were worth $6,911,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wesbanco Bank Inc. increased its stake in Visa by 1.4% in the third quarter. Wesbanco Bank Inc. now owns 8,367 shares of the credit-card processor’s stock valued at $2,301,000 after purchasing an additional 114 shares during the last quarter. Creative Planning boosted its holdings in shares of Visa by 2.4% in the 3rd quarter. Creative Planning now owns 566,729 shares of the credit-card processor’s stock valued at $155,822,000 after buying an additional 13,318 shares in the last quarter. Swedbank AB grew its position in shares of Visa by 10.7% in the 3rd quarter. Swedbank AB now owns 2,059,111 shares of the credit-card processor’s stock valued at $566,153,000 after buying an additional 199,440 shares during the last quarter. Prospect Financial Services LLC acquired a new stake in Visa during the 3rd quarter worth $357,000. Finally, Petredis Investment Advisors LLC raised its stake in Visa by 0.3% during the 3rd quarter. Petredis Investment Advisors LLC now owns 22,219 shares of the credit-card processor’s stock worth $6,109,000 after acquiring an additional 75 shares in the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Visa Trading Up 0.2 %

Shares of V stock opened at $351.43 on Thursday. The business’s fifty day moving average price is $322.53 and its 200 day moving average price is $297.52. The firm has a market capitalization of $652.88 billion, a PE ratio of 35.43, a P/E/G ratio of 2.32 and a beta of 0.97. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.28. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $352.12.

Visa (NYSE:V) last posted its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. As a group, sell-side analysts forecast that Visa Inc. will post 11.27 EPS for the current fiscal year.

Visa Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th will be issued a $0.59 dividend. The ex-dividend date is Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a yield of 0.67%. Visa’s dividend payout ratio (DPR) is presently 23.79%.

Insider Transactions at Visa

In other news, General Counsel Julie B. Rottenberg sold 2,572 shares of Visa stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $340.00, for a total transaction of $874,480.00. Following the completion of the transaction, the general counsel now owns 11,925 shares of the company’s stock, valued at $4,054,500. The trade was a 17.74 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Paul D. Fabara sold 2,171 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $307.97, for a total transaction of $668,602.87. Following the completion of the sale, the insider now directly owns 17,894 shares in the company, valued at approximately $5,510,815.18. The trade was a 10.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 58,056 shares of company stock valued at $19,830,050 in the last quarter. 0.13% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on V. The Goldman Sachs Group upped their price objective on shares of Visa from $346.00 to $384.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Piper Sandler reissued an “overweight” rating and issued a $383.00 target price (up from $368.00) on shares of Visa in a research report on Friday, January 31st. William Blair reaffirmed an “outperform” rating on shares of Visa in a research report on Friday, January 31st. Mizuho increased their price objective on Visa from $279.00 to $292.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Finally, Wells Fargo & Company raised their target price on shares of Visa from $360.00 to $395.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Four equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $354.73.

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.