Perfromance Wealth Partners LLC Cuts Stock Holdings in Visa Inc. (NYSE:V)

Perfromance Wealth Partners LLC lowered its stake in shares of Visa Inc. (NYSE:V) by 1.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 55,451 shares of the credit-card processor’s stock after selling 632 shares during the period. Visa comprises approximately 0.6% of Perfromance Wealth Partners LLC’s holdings, making the stock its 19th biggest holding. Perfromance Wealth Partners LLC’s holdings in Visa were worth $17,525,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Peterson Financial Group Inc. purchased a new position in shares of Visa in the 3rd quarter valued at $26,000. Decker Retirement Planning Inc. purchased a new position in shares of Visa in the 4th quarter valued at $26,000. Reston Wealth Management LLC purchased a new position in shares of Visa in the 3rd quarter valued at $31,000. Modus Advisors LLC purchased a new position in shares of Visa in the 4th quarter valued at $32,000. Finally, West Financial Advisors LLC raised its stake in shares of Visa by 101.4% in the 3rd quarter. West Financial Advisors LLC now owns 145 shares of the credit-card processor’s stock valued at $40,000 after acquiring an additional 73 shares during the period. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insider Activity at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total transaction of $2,739,263.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Paul D. Fabara sold 2,171 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $307.97, for a total transaction of $668,602.87. Following the sale, the insider now owns 17,894 shares in the company, 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. 0.13% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Susquehanna raised their target price on shares of Visa from $339.00 to $375.00 and gave the company a “positive” rating in a research note on Wednesday, December 11th. Barclays raised their price target on shares of Visa from $319.00 to $347.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Wells Fargo & Company raised their price target on shares of Visa from $325.00 to $360.00 and gave the company an “overweight” rating in a report on Friday, January 3rd. Morgan Stanley raised their price target on shares of Visa from $326.00 to $371.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Finally, Macquarie raised their price target on shares of Visa from $300.00 to $335.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $332.81.

Visa Trading Up 1.4 %

Shares of NYSE:V opened at $328.18 on Friday. The company has a market cap of $611.36 billion, a PE ratio of 33.73, a P/E/G ratio of 2.17 and a beta of 0.96. The company’s 50-day moving average price is $314.14 and its 200 day moving average price is $289.71. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $328.51. 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 issued its quarterly earnings data on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share for the quarter, beating the consensus estimate of $2.58 by $0.13. The firm had revenue of $9.62 billion for the quarter, compared to the consensus estimate of $9.49 billion. Visa had a net margin of 54.96% and a return on equity of 53.16%. Visa’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period last year, the firm posted $2.33 EPS. Sell-side analysts anticipate that Visa Inc. will post 11.2 earnings per share for the current year.

Visa Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Tuesday, November 12th were given a $0.59 dividend. The ex-dividend date was Tuesday, November 12th. This is an increase from Visa’s previous quarterly dividend of $0.52. This represents a $2.36 annualized dividend and a yield of 0.72%. Visa’s dividend payout ratio (DPR) is currently 24.25%.

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.