Visa Inc. (NYSE:V) Shares Acquired by Baystate Wealth Management LLC

Baystate Wealth Management LLC lifted its holdings in Visa Inc. (NYSE:V) by 4.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,012 shares of the credit-card processor’s stock after buying an additional 82 shares during the quarter. Baystate Wealth Management LLC’s holdings in Visa were worth $524,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of V. Hibernia Wealth Partners LLC acquired a new position in shares of Visa in the third quarter worth $25,000. Altshuler Shaham Ltd acquired a new stake in Visa during the third quarter worth about $25,000. O Brien Wealth Partners LLC acquired a new stake in Visa during the fourth quarter worth about $32,000. Financial Freedom LLC purchased a new stake in shares of Visa in the fourth quarter worth about $32,000. Finally, Nalls Sherbakoff Group LLC boosted its position in shares of Visa by 545.5% in the third quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock worth $33,000 after buying an additional 120 shares during the period. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Visa news, CAO Peter M. Andreski sold 2,615 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total value of $729,271.20. Following the completion of the sale, the chief accounting officer now directly owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Visa news, CEO Ryan Mcinerney sold 8,200 shares of Visa stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the completion of the sale, the chief executive officer now owns 538 shares of the company’s stock, valued at $150,833.68. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Peter M. Andreski sold 2,615 shares of the business’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total value of $729,271.20. Following the completion of the sale, the chief accounting officer now directly owns 4,898 shares of the company’s stock, valued at approximately $1,365,954.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 55,511 shares of company stock worth $15,131,081. 0.19% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

V has been the subject of a number of analyst reports. Wells Fargo & Company increased their price target on Visa from $300.00 to $325.00 and gave the company an “overweight” rating in a report on Wednesday, March 6th. Barclays increased their price target on Visa from $304.00 to $319.00 and gave the stock an “overweight” rating in a research report on Monday, January 29th. Susquehanna raised their target price on Visa from $300.00 to $326.00 and gave the company a “positive” rating in a research report on Friday, January 26th. TD Cowen initiated coverage on Visa in a research note on Thursday. They issued a “buy” rating and a $320.00 price objective on the stock. Finally, Redburn Atlantic reissued a “neutral” rating and issued a $307.00 price objective on shares of Visa in a research note on Wednesday, March 27th. Five investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $296.87.

Visa Price Performance

Visa stock opened at $275.96 on Monday. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $506.80 billion, a PE ratio of 31.76, a P/E/G ratio of 1.91 and a beta of 0.96. Visa Inc. has a 12 month low of $216.14 and a 12 month high of $290.96. The stock has a 50-day moving average price of $280.13 and a two-hundred day moving average price of $261.92.

Visa (NYSE:V) last released its earnings results on Thursday, January 25th. The credit-card processor reported $2.41 EPS for the quarter, topping the consensus estimate of $2.34 by $0.07. The business had revenue of $8.63 billion during the quarter, compared to analysts’ expectations of $8.55 billion. Visa had a return on equity of 50.02% and a net margin of 53.92%. The firm’s revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the firm posted $2.18 earnings per share. Analysts expect that Visa Inc. will post 9.89 EPS for the current year.

Visa Announces Dividend

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

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.