ForthRight Wealth Management LLC Has $2.29 Million Holdings in Visa Inc. (NYSE:V)

ForthRight Wealth Management LLC trimmed its holdings in Visa Inc. (NYSE:VFree Report) by 9.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,797 shares of the credit-card processor’s stock after selling 956 shares during the period. Visa accounts for 0.9% of ForthRight Wealth Management LLC’s holdings, making the stock its 22nd largest position. ForthRight Wealth Management LLC’s holdings in Visa were worth $2,290,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in V. GoalVest Advisory LLC grew its position in Visa by 3.4% during the fourth quarter. GoalVest Advisory LLC now owns 1,217 shares of the credit-card processor’s stock worth $317,000 after buying an additional 40 shares in the last quarter. Destiny Wealth Partners LLC raised its holdings in shares of Visa by 2.5% in the 4th quarter. Destiny Wealth Partners LLC now owns 1,668 shares of the credit-card processor’s stock valued at $433,000 after acquiring an additional 40 shares in the last quarter. Sunflower Bank N.A. raised its holdings in shares of Visa by 1.3% in the 4th quarter. Sunflower Bank N.A. now owns 3,143 shares of the credit-card processor’s stock valued at $818,000 after acquiring an additional 41 shares in the last quarter. HWG Holdings LP raised its holdings in shares of Visa by 18.4% in the 2nd quarter. HWG Holdings LP now owns 270 shares of the credit-card processor’s stock valued at $64,000 after acquiring an additional 42 shares in the last quarter. Finally, Parker Financial LLC raised its holdings in shares of Visa by 4.8% in the 4th quarter. Parker Financial LLC now owns 925 shares of the credit-card processor’s stock valued at $241,000 after acquiring an additional 42 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors.

Visa Trading Down 0.5 %

V opened at $276.96 on Thursday. The stock has a market cap of $508.64 billion, a PE ratio of 31.87, a PEG ratio of 1.92 and a beta of 0.96. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.54. The business has a 50 day moving average of $279.87 and a 200-day moving average of $259.82. Visa Inc. has a 52 week low of $216.14 and a 52 week high of $290.96.

Visa (NYSE:VGet Free Report) last announced its quarterly earnings data on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.34 by $0.07. The business had revenue of $8.63 billion during the quarter, compared to analysts’ expectations of $8.55 billion. Visa had a return on equity of 50.02% and a net margin of 53.92%. The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.18 earnings per share. Equities research analysts predict that Visa Inc. will post 9.89 earnings per share for the current fiscal year.

Visa Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 9th were paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 0.75%. The ex-dividend date was Thursday, February 8th. Visa’s dividend payout ratio is currently 23.94%.

Insider Transactions at Visa

In other news, CEO Ryan Mcinerney sold 8,200 shares of the business’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $280.36, for a total value of $2,298,952.00. Following the completion of the transaction, the chief executive officer now owns 538 shares in the company, valued at $150,833.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Ryan Mcinerney sold 8,200 shares of the business’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $280.36, for a total value of $2,298,952.00. Following the completion of the transaction, the chief executive officer now owns 538 shares in the company, valued at $150,833.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Peter M. Andreski sold 2,615 shares of Visa stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total value of $729,271.20. Following the completion of the sale, the chief accounting officer now directly owns 4,898 shares of the company’s stock, valued at approximately $1,365,954.24. The disclosure for this sale can be found here. Insiders sold 55,511 shares of company stock worth $15,131,081 over the last quarter. 0.19% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have weighed in on V shares. Wells Fargo & Company raised their price target on Visa from $300.00 to $325.00 and gave the company an “overweight” rating in a report on Wednesday, March 6th. Redburn Atlantic reaffirmed a “neutral” rating and issued a $307.00 price target on shares of Visa in a report on Wednesday, March 27th. William Blair reissued an “outperform” rating on shares of Visa in a report on Friday, January 26th. UBS Group raised their price objective on Visa from $305.00 to $315.00 and gave the company a “buy” rating in a report on Friday, January 26th. Finally, Raymond James raised their price objective on Visa from $287.00 to $311.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Five equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $295.82.

Get Our Latest Report on V

About Visa

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc. (NYSE:VFree Report).

Institutional Ownership by Quarter for Visa (NYSE:V)

Receive News & Ratings for Visa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa and related companies with MarketBeat.com's FREE daily email newsletter.