Visa Inc. (NYSE:V) Shares Purchased by CJM Wealth Advisers Ltd.

CJM Wealth Advisers Ltd. boosted its position in shares of Visa Inc. (NYSE:V) by 1.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,914 shares of the credit-card processor’s stock after purchasing an additional 63 shares during the quarter. Visa makes up 0.4% of CJM Wealth Advisers Ltd.’s portfolio, making the stock its 22nd biggest holding. CJM Wealth Advisers Ltd.’s holdings in Visa were worth $1,237,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. AdvisorShares Investments LLC boosted its stake in Visa by 4.3% in the 2nd quarter. AdvisorShares Investments LLC now owns 1,695 shares of the credit-card processor’s stock worth $446,000 after buying an additional 70 shares during the last quarter. Qsemble Capital Management LP grew its holdings in Visa by 187.7% in the second quarter. Qsemble Capital Management LP now owns 15,550 shares of the credit-card processor’s stock valued at $4,081,000 after purchasing an additional 10,146 shares during the period. Cibc World Market Inc. raised its stake in Visa by 2.2% during the second quarter. Cibc World Market Inc. now owns 882,371 shares of the credit-card processor’s stock worth $231,596,000 after purchasing an additional 19,232 shares during the period. Y.D. More Investments Ltd raised its stake in Visa by 9.4% during the second quarter. Y.D. More Investments Ltd now owns 17,109 shares of the credit-card processor’s stock worth $4,490,000 after purchasing an additional 1,466 shares during the period. Finally, Achmea Investment Management B.V. boosted its holdings in shares of Visa by 3.5% in the 2nd quarter. Achmea Investment Management B.V. now owns 185,329 shares of the credit-card processor’s stock valued at $48,644,000 after purchasing an additional 6,253 shares during the last quarter. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total transaction of $2,739,263.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul D. Fabara sold 2,171 shares of the stock in a transaction dated Friday, November 22nd. The stock was 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. This trade represents a 10.82 % decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is owned by corporate insiders.

Visa Stock Performance

Shares of Visa stock opened at $312.74 on Friday. The firm has a market cap of $582.60 billion, a PE ratio of 32.14, a price-to-earnings-growth ratio of 2.11 and a beta of 0.96. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $321.61. The firm’s 50-day simple moving average is $311.80 and its 200-day simple moving average is $286.63. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.28 and a current ratio of 1.28.

Visa (NYSE:V) last released its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 EPS for the quarter, topping analysts’ consensus estimates of $2.58 by $0.13. Visa had a return on equity of 53.16% and a net margin of 54.96%. The company had revenue of $9.62 billion for the quarter, compared to the consensus estimate of $9.49 billion. During the same quarter last year, the business posted $2.33 EPS. Visa’s quarterly revenue was up 11.7% compared to the same quarter last year. Equities analysts forecast that Visa Inc. will post 11.23 earnings per share for the current fiscal year.

Visa Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th were paid a dividend of $0.59 per share. This is a positive change from Visa’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $2.36 annualized dividend and a yield of 0.75%. Visa’s payout ratio is presently 24.25%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on V. Citigroup increased their target price on Visa from $319.00 to $326.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. TD Cowen lifted their price objective on Visa from $318.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Wells Fargo & Company increased their target price on shares of Visa from $325.00 to $360.00 and gave the stock an “overweight” rating in a research report on Friday, January 3rd. Royal Bank of Canada lifted their price target on shares of Visa from $311.00 to $322.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $317.00 price objective on shares of Visa in a research report on Thursday, September 12th. Four analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Visa presently has a consensus rating of “Moderate Buy” and an average price target of $330.85.

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.