Element Wealth LLC Sells 133 Shares of Visa Inc. (NYSE:V)

Element Wealth LLC decreased its holdings in Visa Inc. (NYSE:V) by 7.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,540 shares of the credit-card processor’s stock after selling 133 shares during the period. Element Wealth LLC’s holdings in Visa were worth $401,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of the business. Trust Co of Kansas increased its stake in shares of Visa by 38.2% in the fourth quarter. Trust Co of Kansas now owns 18,802 shares of the credit-card processor’s stock worth $4,895,000 after purchasing an additional 5,194 shares in the last quarter. Linden Thomas Advisory Services LLC grew its stake in Visa by 25.9% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 10,372 shares of the credit-card processor’s stock worth $2,700,000 after buying an additional 2,135 shares in the last quarter. Masso Torrence Wealth Management Inc. grew its stake in Visa by 8.0% in the 4th quarter. Masso Torrence Wealth Management Inc. now owns 3,512 shares of the credit-card processor’s stock worth $914,000 after buying an additional 261 shares in the last quarter. Lorne Steinberg Wealth Management Inc. grew its stake in Visa by 1.0% in the 4th quarter. Lorne Steinberg Wealth Management Inc. now owns 28,395 shares of the credit-card processor’s stock worth $7,393,000 after buying an additional 276 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew its stake in Visa by 13.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 12,529 shares of the credit-card processor’s stock worth $3,262,000 after buying an additional 1,476 shares in the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Visa Stock Performance

V traded up $2.25 during trading on Wednesday, reaching $276.36. The company’s stock had a trading volume of 4,181,242 shares, compared to its average volume of 5,853,114. Visa Inc. has a 52-week low of $216.14 and a 52-week high of $290.96. The company’s fifty day moving average price is $279.49 and its 200-day moving average price is $263.90. The company has a market capitalization of $507.54 billion, a price-to-earnings ratio of 31.86, a price-to-earnings-growth ratio of 1.88 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:V) last announced its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share for the quarter, beating analysts’ consensus estimates of $2.43 by $0.08. The company had revenue of $8.78 billion for the quarter, compared to analyst estimates of $8.62 billion. Visa had a return on equity of 50.02% and a net margin of 53.92%. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.09 EPS. On average, equities analysts forecast that Visa Inc. will post 9.88 earnings per share for the current fiscal year.

Visa Announces Dividend

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

Insider Buying and Selling

In other news, CAO Peter M. Andreski sold 2,615 shares of the business’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CAO Peter M. Andreski sold 2,615 shares of the business’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ryan Mcinerney sold 8,200 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the sale, the chief executive officer now directly owns 538 shares of the company’s stock, valued at $150,833.68. The disclosure for this sale can be found here. Insiders sold 18,965 shares of company stock worth $5,256,352 in the last ninety days. Insiders own 0.19% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on V shares. Oppenheimer boosted their price target on shares of Visa from $297.00 to $299.00 and gave the stock an “outperform” rating in a research note on Wednesday. Robert W. Baird upped their price target on shares of Visa from $314.00 to $320.00 and gave the company an “outperform” rating in a report on Wednesday, April 17th. KeyCorp boosted their price objective on shares of Visa from $275.00 to $300.00 and gave the company an “overweight” rating in a research report on Monday, January 8th. Mizuho reaffirmed a “neutral” rating and issued a $265.00 target price on shares of Visa in a research report on Wednesday, March 27th. Finally, Redburn Atlantic reaffirmed a “neutral” rating and issued a $307.00 target price on shares of Visa in a research report on Wednesday, March 27th. Five research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $302.43.

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.