Core Wealth Partners LLC Increases Position in Visa Inc. (NYSE:V)

Core Wealth Partners LLC grew its holdings in Visa Inc. (NYSE:V) by 9.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,207 shares of the credit-card processor’s stock after purchasing an additional 466 shares during the quarter. Visa comprises approximately 0.9% of Core Wealth Partners LLC’s portfolio, making the stock its 26th largest holding. Core Wealth Partners LLC’s holdings in Visa were worth $1,645,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Decker Retirement Planning Inc. acquired a new position in Visa in the 4th quarter valued at about $26,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of Visa during the 4th quarter worth approximately $27,000. POM Investment Strategies LLC lifted its holdings in Visa by 48.5% in the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock valued at $31,000 after acquiring an additional 32 shares during the last quarter. Modus Advisors LLC acquired a new position in Visa in the fourth quarter valued at approximately $32,000. Finally, Compass Planning Associates Inc acquired a new stake in Visa during the fourth quarter worth $32,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on V shares. Oppenheimer reiterated an “outperform” rating on shares of Visa in a report on Thursday, February 13th. Morgan Stanley increased their target price on shares of Visa from $326.00 to $371.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Bank of America boosted their price target on shares of Visa from $331.00 to $363.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. JPMorgan Chase & Co. increased their price objective on shares of Visa from $340.00 to $375.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Finally, Keefe, Bruyette & Woods reissued a “hold” rating on shares of Visa in a research report on Thursday, February 13th. Six analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $353.96.

Insiders Place Their Bets

In related news, General Counsel Julie B. Rottenberg sold 2,572 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $340.00, for a total transaction of $874,480.00. Following the completion of the sale, the general counsel now owns 11,925 shares in the company, valued at $4,054,500. This represents a 17.74 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Peter M. Andreski sold 2,332 shares of Visa stock in a transaction on Friday, February 7th. The shares were sold at an average price of $349.62, for a total transaction of $815,313.84. Following the completion of the transaction, the chief accounting officer now owns 4,488 shares in the company, valued at approximately $1,569,094.56. This represents a 34.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 143,205 shares of company stock valued at $48,560,961. 0.13% of the stock is currently owned by insiders.

Visa Price Performance

Shares of NYSE V opened at $344.95 on Wednesday. The stock’s 50-day simple moving average is $341.94 and its 200-day simple moving average is $314.21. The firm has a market capitalization of $640.84 billion, a PE ratio of 34.77, a price-to-earnings-growth ratio of 2.33 and a beta of 0.95. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $366.54. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12.

Visa (NYSE:V) last released its quarterly earnings data 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, equities research analysts forecast that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were paid a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.68%. Visa’s dividend payout ratio is presently 23.79%.

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.