Kingsman Wealth Management Inc. Has $800,000 Stock Holdings in Visa Inc. $V

Kingsman Wealth Management Inc. trimmed its holdings in Visa Inc. (NYSE:V) by 76.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,343 shares of the credit-card processor’s stock after selling 7,508 shares during the quarter. Kingsman Wealth Management Inc.’s holdings in Visa were worth $800,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its holdings in Visa by 50.1% during the 4th quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor’s stock worth $6,522,000 after buying an additional 6,883 shares in the last quarter. Revolve Wealth Partners LLC raised its position in shares of Visa by 68.9% during the fourth quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor’s stock worth $3,733,000 after acquiring an additional 4,817 shares during the last quarter. Nicholas Hoffman & Company LLC. raised its position in shares of Visa by 4.6% during the first quarter. Nicholas Hoffman & Company LLC. now owns 10,941 shares of the credit-card processor’s stock worth $3,834,000 after acquiring an additional 477 shares during the last quarter. Axiom Investors LLC DE lifted its stake in shares of Visa by 4.7% during the first quarter. Axiom Investors LLC DE now owns 875,340 shares of the credit-card processor’s stock valued at $306,772,000 after acquiring an additional 38,922 shares during the period. Finally, Concentric Capital Strategies LP lifted its stake in shares of Visa by 48.4% during the first quarter. Concentric Capital Strategies LP now owns 24,644 shares of the credit-card processor’s stock valued at $8,637,000 after acquiring an additional 8,037 shares during the period. Institutional investors own 82.15% of the company’s stock.

Visa Stock Down 0.7%

Shares of NYSE V opened at $350.99 on Friday. Visa Inc. has a 52-week low of $299.00 and a 52-week high of $375.51. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a market cap of $639.41 billion, a P/E ratio of 34.38, a P/E/G ratio of 2.06 and a beta of 0.81. The firm has a 50 day moving average price of $339.16 and a 200 day moving average price of $343.92.

Visa (NYSE:V) last posted its earnings results on Tuesday, October 28th. The credit-card processor reported $2.98 earnings per share for the quarter, topping the consensus estimate of $2.97 by $0.01. Visa had a net margin of 50.15% and a return on equity of 60.31%. The company had revenue of $10.72 billion for the quarter, compared to analyst estimates of $10.60 billion. During the same period last year, the business posted $2.71 earnings per share. The business’s revenue for the quarter was up 11.5% compared to the same quarter last year. Analysts expect that Visa Inc. will post 11.3 EPS for the current year.

Visa Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Wednesday, November 12th were issued a dividend of $0.67 per share. This is a boost from Visa’s previous quarterly dividend of $0.59. This represents a $2.68 annualized dividend and a yield of 0.8%. The ex-dividend date was Wednesday, November 12th. Visa’s dividend payout ratio is presently 26.25%.

Analyst Ratings Changes

A number of analysts recently commented on the company. Erste Group Bank lowered Visa from a “buy” rating to a “hold” rating in a research report on Monday, September 22nd. Morgan Stanley set a $398.00 price target on shares of Visa and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Raymond James Financial restated an “outperform” rating and issued a $408.00 price objective (up from $398.00) on shares of Visa in a report on Wednesday, October 29th. Robert W. Baird set a $425.00 price objective on shares of Visa in a research note on Wednesday, October 29th. Finally, Wells Fargo & Company upgraded shares of Visa to a “strong-buy” rating in a research report on Wednesday, October 22nd. Five analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, Visa presently has a consensus rating of “Buy” and a consensus target price of $402.52.

Insiders Place Their Bets

In other news, insider Paul D. Fabara sold 2,172 shares of the firm’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $325.93, for a total transaction of $707,919.96. Following the sale, the insider owned 26,413 shares of the company’s stock, valued at $8,608,789.09. This trade represents a 7.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Lloyd Carney sold 900 shares of Visa stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $336.48, for a total value of $302,832.00. Following the transaction, the director owned 2,468 shares in the company, valued at $830,432.64. This trade represents a 26.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 13,557 shares of company stock worth $4,586,137. Corporate insiders own 0.12% of the company’s stock.

Visa Profile

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.