Visa Inc. (NYSE:V) Shares Acquired by Alpha Cubed Investments LLC

Alpha Cubed Investments LLC lifted its stake in shares of Visa Inc. (NYSE:V) by 7.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 131,540 shares of the credit-card processor’s stock after purchasing an additional 8,904 shares during the quarter. Visa comprises about 1.9% of Alpha Cubed Investments LLC’s investment portfolio, making the stock its 14th largest position. Alpha Cubed Investments LLC’s holdings in Visa were worth $34,246,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in V. Trifecta Capital Advisors LLC grew its stake in Visa by 2.7% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 20,176 shares of the credit-card processor’s stock valued at $4,641,000 after acquiring an additional 536 shares during the last quarter. Jmac Enterprises LLC boosted its stake in shares of Visa by 20.5% during the 3rd quarter. Jmac Enterprises LLC now owns 2,188 shares of the credit-card processor’s stock worth $503,000 after purchasing an additional 372 shares during the last quarter. Roof Eidam Maycock Peralta LLC boosted its stake in shares of Visa by 0.7% during the 3rd quarter. Roof Eidam Maycock Peralta LLC now owns 9,533 shares of the credit-card processor’s stock worth $2,193,000 after purchasing an additional 65 shares during the last quarter. Riversedge Advisors LLC boosted its stake in shares of Visa by 48.5% during the 3rd quarter. Riversedge Advisors LLC now owns 2,130 shares of the credit-card processor’s stock worth $490,000 after purchasing an additional 696 shares during the last quarter. Finally, Patriot Financial Group Insurance Agency LLC boosted its stake in shares of Visa by 8.3% during the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 9,852 shares of the credit-card processor’s stock worth $2,266,000 after purchasing an additional 751 shares during the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Mizuho reaffirmed a “neutral” rating and set a $265.00 price target on shares of Visa in a research note on Wednesday, March 27th. Wells Fargo & Company raised their price target on shares of Visa from $300.00 to $325.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 6th. Royal Bank of Canada increased their price objective on shares of Visa from $309.00 to $315.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Barclays increased their price objective on shares of Visa from $304.00 to $319.00 and gave the stock an “overweight” rating in a report on Monday, January 29th. Finally, Citigroup increased their price objective on shares of Visa from $314.00 to $321.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Five investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat.com, Visa presently has an average rating of “Moderate Buy” and an average target price of $302.58.

Visa Stock Down 1.2 %

NYSE:V traded down $3.20 during trading hours on Tuesday, hitting $268.64. The stock had a trading volume of 6,375,486 shares, compared to its average volume of 5,935,847. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.53. Visa Inc. has a 1-year low of $216.14 and a 1-year high of $290.96. The business has a 50 day simple moving average of $279.11 and a two-hundred day simple moving average of $264.97. The company has a market cap of $493.36 billion, a PE ratio of 30.17, a price-to-earnings-growth ratio of 1.89 and a beta of 0.96.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.43 by $0.08. Visa had a net margin of 53.87% and a return on equity of 51.23%. The company had revenue of $8.78 billion during the quarter, compared to the consensus estimate of $8.62 billion. During the same quarter last year, the company earned $2.09 earnings per share. Visa’s revenue for the quarter was up 9.9% on a year-over-year basis. Analysts predict that Visa Inc. will post 9.89 EPS for the current year.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 17th will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 0.77%. The ex-dividend date is Thursday, May 16th. Visa’s dividend payout ratio (DPR) is 23.24%.

Insider Buying and Selling at Visa

In other news, Director Lloyd Carney sold 909 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $275.55, for a total transaction of $250,474.95. Following the completion of the sale, the director now owns 2,591 shares of the company’s stock, valued at $713,950.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Lloyd Carney sold 909 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $275.55, for a total transaction of $250,474.95. Following the completion of the sale, the director now owns 2,591 shares of the company’s stock, valued at $713,950.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ryan Mcinerney sold 8,150 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total transaction of $2,228,128.50. The disclosure for this sale can be found here. Insiders sold 19,874 shares of company stock valued at $5,506,827 over the last 90 days. 0.19% of the stock is owned by corporate 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.