Visa Inc. (NYSE:V) Shares Purchased by Absher Wealth Management LLC

Absher Wealth Management LLC boosted its stake in shares of Visa Inc. (NYSE:V) by 1.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 90,512 shares of the credit-card processor’s stock after buying an additional 1,425 shares during the period. Visa accounts for 3.7% of Absher Wealth Management LLC’s investment portfolio, making the stock its 12th largest position. Absher Wealth Management LLC’s holdings in Visa were worth $28,605,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Peterson Financial Group Inc. acquired a new position in Visa during the third quarter worth $26,000. Decker Retirement Planning Inc. acquired a new position in Visa during the fourth quarter worth $26,000. Reston Wealth Management LLC acquired a new position in Visa during the third quarter worth $31,000. Modus Advisors LLC acquired a new position in Visa during the fourth quarter worth $32,000. Finally, Sugar Maple Asset Management LLC acquired a new position in Visa during the fourth quarter worth $44,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on V shares. Piper Sandler reissued an “overweight” rating and set a $383.00 price objective (up previously from $368.00) on shares of Visa in a research note on Friday, January 31st. Bank of America upped their price target on Visa from $331.00 to $363.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Barclays upped their price target on Visa from $361.00 to $396.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Oppenheimer upped their price target on Visa from $375.00 to $390.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Finally, Raymond James reaffirmed an “outperform” rating and issued a $393.00 price target (up previously from $374.00) on shares of Visa in a research note on Friday, January 31st. Four research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $354.73.

Visa Price Performance

Shares of NYSE V opened at $348.26 on Friday. The stock’s 50-day moving average is $320.41 and its two-hundred day moving average is $295.12. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.28. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $351.25. The company has a market cap of $648.77 billion, a price-to-earnings ratio of 35.11, a price-to-earnings-growth ratio of 2.30 and a beta of 0.97.

Visa (NYSE:V) last issued its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share 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%. Analysts forecast that Visa Inc. will post 11.2 EPS for the current fiscal year.

Visa Announces Dividend

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

Insider Activity

In other news, 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 value of $668,602.87. Following the transaction, the insider now owns 17,894 shares in the company, valued at approximately $5,510,815.18. This represents a 10.82 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Tullier Kelly Mahon sold 33,741 shares of the stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.77, for a total value 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. The trade was a 47.99 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 58,056 shares of company stock worth $19,830,050. 0.13% of the stock is currently owned by insiders.

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.