Yoder Wealth Management Inc. Takes $460,000 Position in Visa Inc. (NYSE:V)

Yoder Wealth Management Inc. purchased a new stake in shares of Visa Inc. (NYSE:V) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,767 shares of the credit-card processor’s stock, valued at approximately $460,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. FMR LLC boosted its holdings in shares of Visa by 4.7% during the third quarter. FMR LLC now owns 50,357,747 shares of the credit-card processor’s stock valued at $11,582,785,000 after acquiring an additional 2,257,605 shares during the period. Northern Trust Corp raised its stake in shares of Visa by 4.7% during the third quarter. Northern Trust Corp now owns 17,073,700 shares of the credit-card processor’s stock valued at $3,927,122,000 after purchasing an additional 763,505 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Visa by 2.7% during the third quarter. Ameriprise Financial Inc. now owns 14,229,004 shares of the credit-card processor’s stock valued at $3,272,846,000 after purchasing an additional 374,489 shares in the last quarter. Jennison Associates LLC raised its stake in shares of Visa by 0.7% during the fourth quarter. Jennison Associates LLC now owns 11,824,113 shares of the credit-card processor’s stock valued at $3,078,408,000 after purchasing an additional 85,123 shares in the last quarter. Finally, Brown Advisory Inc. raised its stake in shares of Visa by 1.5% during the third quarter. Brown Advisory Inc. now owns 7,542,434 shares of the credit-card processor’s stock valued at $1,734,835,000 after purchasing an additional 108,280 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insider Activity at Visa

In related news, Director Lloyd Carney sold 909 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $275.55, for a total value of $250,474.95. Following the completion of the sale, the director now owns 2,591 shares of the company’s stock, valued at approximately $713,950.05. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, Director Lloyd Carney sold 909 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $275.55, for a total value of $250,474.95. Following the completion of the sale, the director now directly owns 2,591 shares in the company, valued at approximately $713,950.05. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Ryan Mcinerney sold 8,150 shares of the business’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 value of $2,228,128.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,874 shares of company stock valued at $5,506,827. 0.19% of the stock is owned by corporate insiders.

Visa Stock Down 0.2 %

NYSE:V traded down $0.58 on Friday, hitting $274.58. 6,840,359 shares of the company’s stock traded hands, compared to its average volume of 5,951,953. The company has a current ratio of 1.40, a quick ratio of 1.45 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 firm has a 50-day moving average price of $279.24 and a 200-day moving average price of $264.33. The company has a market cap of $504.27 billion, a PE ratio of 30.68, a price-to-earnings-growth ratio of 1.90 and a beta of 0.96.

Visa (NYSE:V) last announced its quarterly earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, beating the consensus estimate of $2.43 by $0.08. The business had revenue of $8.78 billion during the quarter, compared to analysts’ expectations of $8.62 billion. Visa had a return on equity of 51.23% and a net margin of 53.87%. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.09 EPS. Equities analysts anticipate that Visa Inc. will post 9.89 EPS for the current fiscal year.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 17th will be paid a $0.52 dividend. The ex-dividend date is Thursday, May 16th. This represents a $2.08 annualized dividend and a dividend yield of 0.76%. Visa’s payout ratio is 23.24%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on V. Evercore ISI lifted their price objective on shares of Visa from $325.00 to $335.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. Royal Bank of Canada lifted their price objective on shares of Visa from $309.00 to $315.00 and gave the company an “outperform” rating in a research note on Wednesday. Citigroup lifted their price objective on shares of Visa from $314.00 to $321.00 and gave the company a “buy” rating in a research note on Wednesday. Robert W. Baird boosted their price target on shares of Visa from $314.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 17th. Finally, Wells Fargo & Company boosted their price target on shares of Visa from $300.00 to $325.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. Five analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $302.58.

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.