Aviso Wealth Management Has $1.82 Million Stock Position in Visa Inc. (NYSE:V)

Aviso Wealth Management boosted its holdings in shares of Visa Inc. (NYSE:V) by 12.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,761 shares of the credit-card processor’s stock after acquiring an additional 635 shares during the quarter. Visa accounts for about 0.9% of Aviso Wealth Management’s investment portfolio, making the stock its 25th largest holding. Aviso Wealth Management’s holdings in Visa were worth $1,821,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of V. Heritage Wealth Advisors increased its stake in shares of Visa by 0.5% in the fourth quarter. Heritage Wealth Advisors now owns 20,213 shares of the credit-card processor’s stock worth $6,388,000 after acquiring an additional 95 shares during the last quarter. Graney & King LLC acquired a new position in Visa in the 4th quarter worth about $379,000. Sellwood Investment Partners LLC purchased a new stake in shares of Visa during the 4th quarter worth about $41,000. Blue Grotto Capital LLC acquired a new stake in shares of Visa during the 4th quarter valued at about $4,741,000. Finally, Banco BTG Pactual S.A. bought a new stake in shares of Visa in the 4th quarter valued at approximately $392,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insider Buying and Selling

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $363.00, for a total value of $3,129,060.00. Following the completion of the sale, the chief executive officer now owns 537 shares of the company’s stock, valued at $194,931. The trade was a 94.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Paul D. Fabara sold 39,350 shares of the business’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $340.41, for a total value of $13,395,133.50. Following the completion of the sale, the insider now owns 26,413 shares of the company’s stock, valued at approximately $8,991,249.33. This trade represents a 59.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 143,205 shares of company stock worth $48,560,961. Company insiders own 0.13% of the company’s stock.

Visa Trading Up 0.3 %

V opened at $344.95 on Wednesday. The firm’s fifty day simple moving average is $341.94 and its 200 day simple moving average is $314.21. The stock has a market capitalization of $640.84 billion, a P/E ratio of 34.77, a P/E/G ratio of 2.33 and a beta of 0.95. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $366.54.

Visa (NYSE:V) last released 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 return on equity of 54.79% and a net margin of 54.27%. As a group, research analysts anticipate that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were issued a $0.59 dividend. The ex-dividend date was Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.68%. Visa’s payout ratio is 23.79%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on V. The Goldman Sachs Group lifted their target price 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. Wells Fargo & Company upped their price objective on shares of Visa from $360.00 to $395.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Raymond James restated an “outperform” rating and set a $393.00 target price (up from $374.00) on shares of Visa in a report on Friday, January 31st. Morgan Stanley increased their price objective on Visa from $326.00 to $371.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Finally, Oppenheimer restated an “outperform” rating on shares of Visa in a report on Thursday, February 13th. Six equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Visa currently has an average rating of “Moderate Buy” and a consensus target price of $353.96.

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.