Mpwm Advisory Solutions LLC Invests $776,000 in Visa Inc. (NYSE:V)

Mpwm Advisory Solutions LLC acquired a new position in Visa Inc. (NYSE:V) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 2,455 shares of the credit-card processor’s stock, valued at approximately $776,000. Visa accounts for approximately 0.6% of Mpwm Advisory Solutions LLC’s investment portfolio, making the stock its 27th largest holding.

Other institutional investors have also made changes to their positions in the company. Bradley & Co. Private Wealth Management LLC acquired a new position in Visa during the fourth quarter worth $27,000. POM Investment Strategies LLC increased its holdings in Visa by 48.5% during the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock worth $31,000 after buying an additional 32 shares during the last quarter. Compass Planning Associates Inc acquired a new position in Visa during the fourth quarter worth $32,000. FPC Investment Advisory Inc. increased its holdings in Visa by 377.3% during the fourth quarter. FPC Investment Advisory Inc. now owns 105 shares of the credit-card processor’s stock worth $36,000 after buying an additional 83 shares during the last quarter. Finally, NewSquare Capital LLC acquired a new position in Visa during the fourth quarter worth $35,000. Institutional investors own 82.15% of the company’s stock.

Insider Buying and Selling

In other news, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $350.44, for a total value of $3,020,792.80. Following the completion of the transaction, the chief executive officer now owns 537 shares of the company’s stock, valued at $188,186.28. This represents a 94.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Paul D. Fabara sold 39,350 shares of the company’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $327.20, for a total value of $12,875,320.00. Following the completion of the transaction, the insider now directly owns 26,413 shares of the company’s stock, valued at $8,642,333.60. This represents a 59.84% decrease in their position. The disclosure for this sale can be found here. Insiders sold 121,948 shares of company stock valued at $41,548,282 over the last quarter. 0.13% of the stock is owned by company insiders.

Visa Trading Up 0.7%

V opened at $367.76 on Tuesday. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $369.15. The company has a 50-day simple moving average of $339.28 and a 200 day simple moving average of $330.43. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $678.58 billion, a price-to-earnings ratio of 37.07, a P/E/G ratio of 2.33 and a beta of 0.96.

Visa (NYSE:V) last posted its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, topping the consensus estimate of $2.68 by $0.08. Visa had a net margin of 54.27% and a return on equity of 54.79%. The business had revenue of $9.59 billion during the quarter, compared to analysts’ expectations of $9.57 billion. During the same quarter in the prior year, the business posted $2.51 earnings per share. Visa’s revenue was up 9.3% compared to the same quarter last year. Analysts predict that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Tuesday, May 13th will be given a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $2.36 annualized dividend and a yield of 0.64%. Visa’s dividend payout ratio is 23.72%.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Oppenheimer reiterated an “outperform” rating on shares of Visa in a report on Thursday, February 13th. Susquehanna reiterated a “positive” rating on shares of Visa in a report on Friday, March 21st. Piper Sandler upped their price objective on shares of Visa from $383.00 to $384.00 and gave the company an “overweight” rating in a report on Wednesday, April 30th. StockNews.com upgraded shares of Visa from a “hold” rating to a “buy” rating in a report on Monday, May 12th. Finally, Keefe, Bruyette & Woods reiterated a “hold” 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-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $362.38.

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.