RD Lewis Holdings Inc. Buys Shares of 9,076 Visa Inc. (NYSE:V)

RD Lewis Holdings Inc. bought a new stake in Visa Inc. (NYSE:V) during the 4th quarter, Holdings Channel reports. The firm bought 9,076 shares of the credit-card processor’s stock, valued at approximately $3,158,000. Visa accounts for about 3.6% of RD Lewis Holdings Inc.’s portfolio, making the stock its 5th largest holding.

Several other institutional investors and hedge funds also recently bought and sold shares of V. Decker Retirement Planning Inc. acquired a new position in shares of Visa in the 4th quarter worth approximately $26,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in Visa during the 4th quarter worth approximately $27,000. Peterson Financial Group Inc. acquired a new stake in Visa during the 3rd quarter worth approximately $26,000. POM Investment Strategies LLC increased its position in shares of Visa by 48.5% in the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock valued at $31,000 after purchasing an additional 32 shares during the last quarter. Finally, Modus Advisors LLC purchased a new stake in shares of Visa in the 4th quarter valued at approximately $32,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Visa

In other news, insider Tullier Kelly Mahon sold 33,741 shares of the company’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the completion of the transaction, the insider now owns 36,566 shares in the company, valued at approximately $12,789,689.82. This represents a 47.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was 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. Insiders have sold 103,855 shares of company stock valued at $35,165,827 over the last ninety days. Corporate insiders own 0.13% of the company’s stock.

Visa Price Performance

Visa stock opened at $334.35 on Tuesday. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $366.54. The firm has a 50 day moving average price of $338.39 and a 200 day moving average price of $311.61. The company has a market cap of $621.15 billion, a price-to-earnings ratio of 33.70, a PEG ratio of 2.33 and a beta of 0.95. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12.

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

Visa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were issued a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.71%. Visa’s dividend payout ratio is presently 23.79%.

Wall Street Analyst Weigh In

V has been the topic of a number of recent analyst reports. Oppenheimer reaffirmed an “outperform” rating on shares of Visa in a research report on Thursday, February 13th. JPMorgan Chase & Co. raised their price objective on shares of Visa from $340.00 to $375.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Keefe, Bruyette & Woods reissued a “hold” rating on shares of Visa in a research report on Thursday, February 13th. UBS Group raised their price objective on shares of Visa from $350.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Finally, StockNews.com downgraded shares of Visa from a “buy” rating to a “hold” rating in a research report on Wednesday, March 12th. Seven research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Visa presently has an average rating of “Moderate Buy” and a consensus price target of $353.96.

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.