CMH Wealth Management LLC Buys 277 Shares of Visa Inc. (NYSE:V)

CMH Wealth Management LLC increased its stake in shares of Visa Inc. (NYSE:V) by 1.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,966 shares of the credit-card processor’s stock after acquiring an additional 277 shares during the quarter. Visa makes up about 1.9% of CMH Wealth Management LLC’s portfolio, making the stock its 20th largest position. CMH Wealth Management LLC’s holdings in Visa were worth $8,206,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Sfmg LLC lifted its stake in shares of Visa by 0.6% in the second quarter. Sfmg LLC now owns 21,642 shares of the credit-card processor’s stock valued at $5,680,000 after buying an additional 122 shares in the last quarter. Insigneo Advisory Services LLC lifted its stake in shares of Visa by 8.5% in the second quarter. Insigneo Advisory Services LLC now owns 24,253 shares of the credit-card processor’s stock valued at $6,219,000 after buying an additional 1,899 shares in the last quarter. Point72 Hong Kong Ltd lifted its stake in shares of Visa by 64.1% in the second quarter. Point72 Hong Kong Ltd now owns 67,327 shares of the credit-card processor’s stock valued at $17,671,000 after buying an additional 26,295 shares in the last quarter. Kingfisher Capital LLC lifted its stake in shares of Visa by 0.7% in the second quarter. Kingfisher Capital LLC now owns 14,913 shares of the credit-card processor’s stock valued at $3,914,000 after buying an additional 99 shares in the last quarter. Finally, Unisphere Establishment lifted its stake in shares of Visa by 4.1% in the second quarter. Unisphere Establishment now owns 1,520,000 shares of the credit-card processor’s stock valued at $398,954,000 after buying an additional 60,000 shares in the last quarter. 82.15% of the stock is owned by institutional investors.

Insider Activity

In other Visa news, insider Paul D. Fabara sold 2,171 shares of Visa stock in a transaction that occurred on 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 $5,510,815.18. The trade was a 10.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction that occurred 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 disclosure for this sale can be found here. 0.13% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

V has been the topic of a number of recent research reports. Royal Bank of Canada raised their price objective on shares of Visa from $311.00 to $322.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Robert W. Baird raised their price target on shares of Visa from $330.00 to $340.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Wells Fargo & Company raised their price target on shares of Visa from $325.00 to $360.00 and gave the company an “overweight” rating in a research report on Friday, January 3rd. TD Cowen raised their price target on shares of Visa from $318.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, Seaport Res Ptn raised shares of Visa from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Four research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Visa currently has a consensus rating of “Moderate Buy” and an average target price of $332.81.

Visa Price Performance

V stock opened at $323.55 on Thursday. The firm has a 50 day moving average of $313.86 and a 200-day moving average of $289.47. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.55. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $325.74. The firm has a market capitalization of $602.73 billion, a P/E ratio of 33.25, a price-to-earnings-growth ratio of 2.15 and a beta of 0.96.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, October 29th. The credit-card processor reported $2.71 EPS for the quarter, beating analysts’ consensus estimates of $2.58 by $0.13. Visa had a net margin of 54.96% and a return on equity of 53.16%. The company had revenue of $9.62 billion during the quarter, compared to analyst estimates of $9.49 billion. During the same period last year, the business earned $2.33 earnings per share. Visa’s revenue was up 11.7% compared to the same quarter last year. As a group, sell-side analysts predict that Visa Inc. will post 11.2 earnings per share for the current fiscal year.

Visa Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th were given a $0.59 dividend. This is a positive change from Visa’s previous quarterly dividend of $0.52. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend was Tuesday, November 12th. Visa’s dividend payout ratio (DPR) is 24.25%.

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.