Visa Inc. (NYSE:V) Shares Sold by New Wave Wealth Advisors LLC

New Wave Wealth Advisors LLC trimmed its position in Visa Inc. (NYSE:V) by 4.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,282 shares of the credit-card processor’s stock after selling 58 shares during the quarter. New Wave Wealth Advisors LLC’s holdings in Visa were worth $405,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Czech National Bank grew its holdings in shares of Visa by 13.4% during the third quarter. Czech National Bank now owns 340,238 shares of the credit-card processor’s stock valued at $93,548,000 after purchasing an additional 40,268 shares during the last quarter. GAMMA Investing LLC grew its stake in Visa by 17.1% during the 3rd quarter. GAMMA Investing LLC now owns 33,270 shares of the credit-card processor’s stock worth $9,148,000 after buying an additional 4,848 shares during the last quarter. Herbst Group LLC increased its position in Visa by 75.8% in the third quarter. Herbst Group LLC now owns 9,105 shares of the credit-card processor’s stock worth $2,503,000 after buying an additional 3,925 shares during the period. WealthBridge Capital Management LLC lifted its stake in Visa by 16.8% in the third quarter. WealthBridge Capital Management LLC now owns 4,437 shares of the credit-card processor’s stock valued at $1,220,000 after buying an additional 638 shares during the last quarter. Finally, Smith Anglin Financial LLC boosted its holdings in shares of Visa by 0.7% during the third quarter. Smith Anglin Financial LLC now owns 5,912 shares of the credit-card processor’s stock valued at $1,625,000 after acquiring an additional 43 shares during the period. 82.15% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on V. Seaport Res Ptn upgraded shares of Visa from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. Piper Sandler lifted their target price on Visa from $322.00 to $368.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Macquarie increased their price target on Visa from $300.00 to $335.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Raymond James restated an “outperform” rating and set a $393.00 price objective (up from $374.00) on shares of Visa in a research note on Friday. Finally, JPMorgan Chase & Co. increased their target price on shares of Visa from $340.00 to $375.00 and gave the company an “overweight” rating in a research report on Friday. Four investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Visa currently has an average rating of “Moderate Buy” and an average price target of $352.27.

Visa Price Performance

Shares of NYSE:V opened at $342.05 on Monday. The company’s fifty day moving average is $317.74 and its two-hundred day moving average is $293.12. The company has a market cap of $637.19 billion, a P/E ratio of 35.15, a price-to-earnings-growth ratio of 2.27 and a beta of 0.96. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $351.25. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.55.

Visa (NYSE:V) last posted its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.09. Visa had a return on equity of 53.16% and a net margin of 54.96%. Equities analysts expect that Visa Inc. will post 11.18 earnings per share for the current fiscal year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 11th will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date is Tuesday, February 11th. Visa’s payout ratio is presently 23.79%.

Insider Buying and Selling at Visa

In related news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total value of $2,739,263.60. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, 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 owns 17,894 shares of the company’s stock, valued at $5,510,815.18. This trade represents a 10.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

Visa 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.