Meriwether Wealth & Planning LLC Acquires Shares of 4,689 Visa Inc. (NYSE:V)

Meriwether Wealth & Planning LLC acquired a new stake in Visa Inc. (NYSE:V) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,689 shares of the credit-card processor’s stock, valued at approximately $1,482,000. Visa accounts for approximately 1.1% of Meriwether Wealth & Planning LLC’s investment portfolio, making the stock its 20th largest holding.

Other institutional investors also recently bought and sold shares of the company. Decker Retirement Planning Inc. acquired a new stake in shares of Visa in the fourth quarter worth approximately $26,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of Visa in the fourth quarter worth approximately $27,000. Peterson Financial Group Inc. acquired a new stake in shares of Visa in the third quarter worth approximately $26,000. POM Investment Strategies LLC boosted its stake in shares of Visa by 48.5% in the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock worth $31,000 after acquiring an additional 32 shares during the last quarter. Finally, Modus Advisors LLC acquired a new stake in shares of Visa in the fourth quarter worth approximately $32,000. 82.15% of the stock is owned by institutional investors and hedge funds.

Visa Trading Up 0.5 %

V opened at $345.79 on Monday. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $366.54. The stock has a market capitalization of $642.41 billion, a price-to-earnings ratio of 34.86, a PEG ratio of 2.33 and a beta of 0.95. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. The business has a fifty day moving average price of $336.18 and a 200 day moving average price of $308.92.

Visa (NYSE:V) last released its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, topping the consensus estimate of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. Sell-side analysts expect that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages have recently issued reports on V. The Goldman Sachs Group lifted their price target on Visa from $346.00 to $384.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Piper Sandler reaffirmed an “overweight” rating and issued a $383.00 price target (up from $368.00) on shares of Visa in a research note on Friday, January 31st. William Blair reiterated an “outperform” rating on shares of Visa in a research report on Friday, January 31st. Barclays lifted their price objective on Visa from $361.00 to $396.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Finally, Bank of America lifted their price objective on Visa from $331.00 to $363.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Six investment 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 company. According to data from MarketBeat.com, Visa presently has an average rating of “Moderate Buy” and an average price target of $353.96.

Insider Transactions at Visa

In other news, insider Tullier Kelly Mahon sold 33,741 shares of the business’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $349.77, for a total value of $11,801,589.57. Following the completion of the sale, the insider now directly owns 36,566 shares of the company’s stock, valued at approximately $12,789,689.82. The trade was a 47.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Julie B. Rottenberg sold 2,572 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $340.00, for a total value of $874,480.00. Following the completion of the sale, the general counsel now directly owns 11,925 shares of the company’s stock, valued at $4,054,500. The trade was a 17.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 64,505 shares of company stock valued at $22,290,507. 0.13% of the stock is currently owned by corporate insiders.

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.