Segment Wealth Management LLC Purchases 2,478 Shares of Visa Inc. (NYSE:V)

Segment Wealth Management LLC boosted its position in shares of Visa Inc. (NYSE:VFree Report) by 4.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 60,450 shares of the credit-card processor’s stock after buying an additional 2,478 shares during the quarter. Visa makes up about 1.4% of Segment Wealth Management LLC’s holdings, making the stock its 12th biggest holding. Segment Wealth Management LLC’s holdings in Visa were worth $15,738,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC raised its holdings in Visa by 316.4% during the 4th quarter. Sequoia Financial Advisors LLC now owns 139,999 shares of the credit-card processor’s stock valued at $36,449,000 after buying an additional 106,377 shares during the last quarter. B.O.S.S. Retirement Advisors LLC raised its holdings in Visa by 1.3% during the 4th quarter. B.O.S.S. Retirement Advisors LLC now owns 12,112 shares of the credit-card processor’s stock valued at $3,153,000 after buying an additional 152 shares during the last quarter. Tobam raised its holdings in Visa by 4.1% during the 4th quarter. Tobam now owns 3,700 shares of the credit-card processor’s stock valued at $963,000 after buying an additional 145 shares during the last quarter. Turtle Creek Wealth Advisors LLC bought a new stake in Visa during the 4th quarter valued at $2,651,000. Finally, Fortune Financial Advisors LLC raised its holdings in Visa by 4.5% in the 4th quarter. Fortune Financial Advisors LLC now owns 7,613 shares of the credit-card processor’s stock worth $1,982,000 after purchasing an additional 326 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CAO Peter M. Andreski sold 2,615 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total transaction of $729,271.20. Following the sale, the chief accounting officer now owns 4,898 shares of the company’s stock, valued at approximately $1,365,954.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Ryan Mcinerney sold 8,150 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total value of $2,228,128.50. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Peter M. Andreski sold 2,615 shares of the stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total transaction of $729,271.20. Following the completion of the transaction, the chief accounting officer now owns 4,898 shares in the company, valued at approximately $1,365,954.24. The disclosure for this sale can be found here. Insiders have sold a total of 55,511 shares of company stock valued at $15,131,081 in the last 90 days. 0.19% of the stock is currently owned by insiders.

Visa Stock Performance

Shares of V stock opened at $275.54 on Friday. Visa Inc. has a one year low of $216.14 and a one year high of $290.96. The company’s 50-day moving average is $280.15 and its 200 day moving average is $261.17. The company has a market capitalization of $506.03 billion, a price-to-earnings ratio of 31.71, a price-to-earnings-growth ratio of 1.90 and a beta of 0.96. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.45 and a current ratio of 1.45.

Visa (NYSE:VGet Free Report) last announced its quarterly earnings results 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 firm had revenue of $8.63 billion for the quarter, compared to the consensus estimate of $8.55 billion. Visa had a net margin of 53.92% and a return on equity of 50.02%. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the firm posted $2.18 EPS. Sell-side analysts expect that Visa Inc. will post 9.89 EPS for the current fiscal year.

Visa Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts have commented on V shares. Evercore ISI upped their price objective on shares of Visa from $325.00 to $335.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. Raymond James upped their price objective on shares of Visa from $287.00 to $311.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Monness Crespi & Hardt started coverage on shares of Visa in a report on Wednesday, December 20th. They issued a “neutral” rating for the company. UBS Group upped their price objective on shares of Visa from $305.00 to $315.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Finally, TD Cowen started coverage on shares of Visa in a report on Thursday. They issued a “buy” rating and a $320.00 price objective for the company. Five analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $296.87.

Read Our Latest Stock Report on Visa

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.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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