Midland Wealth Advisors LLC Has $1.22 Million Stake in Visa Inc. (NYSE:V)

Midland Wealth Advisors LLC lessened its holdings in Visa Inc. (NYSE:V) by 11.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,863 shares of the credit-card processor’s stock after selling 518 shares during the quarter. Midland Wealth Advisors LLC’s holdings in Visa were worth $1,221,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. FWG Holdings LLC increased its stake in Visa by 13.3% in the fourth quarter. FWG Holdings LLC now owns 3,588 shares of the credit-card processor’s stock valued at $1,241,000 after acquiring an additional 420 shares during the period. Lauterbach Financial Advisors LLC acquired a new stake in Visa during the fourth quarter valued at approximately $222,000. Main Street Research LLC grew its stake in shares of Visa by 2.6% in the 4th quarter. Main Street Research LLC now owns 168,028 shares of the credit-card processor’s stock valued at $53,104,000 after purchasing an additional 4,262 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Visa by 6.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,124,986 shares of the credit-card processor’s stock valued at $355,541,000 after purchasing an additional 63,504 shares during the period. Finally, Schwarz Dygos Wheeler Investment Advisors LLC lifted its position in shares of Visa by 2.1% during the 4th quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 7,834 shares of the credit-card processor’s stock worth $2,476,000 after buying an additional 163 shares during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. UBS Group increased their price objective on Visa from $350.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Visa in a research report on Thursday, February 13th. Barclays boosted their price target on shares of Visa from $361.00 to $396.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. The Goldman Sachs Group raised their price objective on shares of Visa from $346.00 to $384.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Finally, Seaport Res Ptn upgraded shares of Visa from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. Six research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $353.96.

Visa Stock Performance

V stock opened at $345.79 on Monday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $366.54. The business’s fifty day moving average is $336.18 and its 200-day moving average is $308.92. The company has a market cap of $642.41 billion, a P/E ratio of 34.86, a price-to-earnings-growth ratio of 2.33 and a beta of 0.95.

Visa (NYSE:V) last issued its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) 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%. Equities research analysts forecast that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

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

Insiders Place Their Bets

In related news, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $363.00, for a total value of $3,129,060.00. Following the completion of the transaction, the chief executive officer now directly owns 537 shares in the company, valued at approximately $194,931. The trade was a 94.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Peter M. Andreski sold 2,332 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $349.62, for a total transaction of $815,313.84. Following the sale, the chief accounting officer now owns 4,488 shares in the company, valued at $1,569,094.56. This trade represents a 34.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 64,505 shares of company stock worth $22,290,507. Company insiders own 0.13% of the company’s stock.

Visa Company 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.