Alterna Wealth Management Inc. Has $1.20 Million Position in Visa Inc. (NYSE:V)

Alterna Wealth Management Inc. lowered its position in Visa Inc. (NYSE:V) by 1.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 3,787 shares of the credit-card processor’s stock after selling 60 shares during the quarter. Visa accounts for approximately 1.0% of Alterna Wealth Management Inc.’s portfolio, making the stock its 25th biggest holding. Alterna Wealth Management Inc.’s holdings in Visa were worth $1,197,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Decker Retirement Planning Inc. acquired a new stake in Visa in the fourth quarter valued at $26,000. Peterson Financial Group Inc. acquired a new stake in shares of Visa during the 3rd quarter worth about $26,000. Modus Advisors LLC acquired a new stake in shares of Visa during the 4th quarter worth about $32,000. Reston Wealth Management LLC acquired a new stake in shares of Visa during the 3rd quarter worth about $31,000. Finally, Sugar Maple Asset Management LLC acquired a new stake in shares of Visa during the 4th quarter worth about $44,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on V shares. BMO Capital Markets raised their target price on shares of Visa from $310.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. The Goldman Sachs Group raised their price target on shares of Visa from $346.00 to $384.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Barclays raised their price target on shares of Visa from $361.00 to $396.00 and gave the stock an “overweight” rating in a research report on Monday. UBS Group raised their price target on shares of Visa from $350.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Finally, William Blair reaffirmed an “outperform” rating on shares of Visa in a research report on Friday, January 31st. Four investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $354.73.

Insider Buying and Selling

In other news, insider Paul D. Fabara sold 2,171 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total value of $668,602.87. Following the transaction, the insider now owns 17,894 shares in the company, valued at approximately $5,510,815.18. The trade was a 10.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $340.00, for a total transaction of $2,930,800.00. The disclosure for this sale can be found here. Insiders have sold a total of 21,983 shares of company stock worth $7,213,146 in the last ninety days. Company insiders own 0.13% of the company’s stock.

Visa Trading Down 0.1 %

V opened at $345.31 on Wednesday. The company’s 50 day moving average is $318.40 and its 200-day moving average is $293.81. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $351.25. The company has a current ratio of 1.12, a quick ratio of 1.28 and a debt-to-equity ratio of 0.45. The company has a market cap of $643.27 billion, a P/E ratio of 34.81, a PEG ratio of 2.30 and a beta of 0.97.

Visa (NYSE:V) last posted its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, topping the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. Equities research analysts predict that Visa Inc. will post 11.2 earnings per share for the current fiscal year.

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 11th will be given a dividend of $0.59 per share. The ex-dividend date is Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.68%. Visa’s dividend payout ratio is presently 23.79%.

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.