Sugarloaf Wealth Management LLC Boosts Holdings in Visa Inc. (NYSE:V)

Sugarloaf Wealth Management LLC lifted its stake in Visa Inc. (NYSE:VFree Report) by 3.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,386 shares of the credit-card processor’s stock after purchasing an additional 415 shares during the period. Visa accounts for about 0.8% of Sugarloaf Wealth Management LLC’s investment portfolio, making the stock its 19th biggest holding. Sugarloaf Wealth Management LLC’s holdings in Visa were worth $3,485,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of V. Moneta Group Investment Advisors LLC lifted its position in Visa by 116,608.6% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 24,504,130 shares of the credit-card processor’s stock valued at $5,090,978,000 after acquiring an additional 24,483,134 shares during the period. Norges Bank purchased a new position in Visa during the 4th quarter valued at about $3,067,232,000. Morgan Stanley lifted its position in Visa by 13.0% during the 4th quarter. Morgan Stanley now owns 51,122,866 shares of the credit-card processor’s stock valued at $10,621,287,000 after acquiring an additional 5,864,340 shares during the period. Capital World Investors lifted its position in Visa by 50.8% during the 2nd quarter. Capital World Investors now owns 16,012,583 shares of the credit-card processor’s stock valued at $3,802,668,000 after acquiring an additional 5,391,512 shares during the period. Finally, Capital International Investors lifted its position in Visa by 21.9% during the 2nd quarter. Capital International Investors now owns 20,454,279 shares of the credit-card processor’s stock valued at $4,856,299,000 after acquiring an additional 3,678,089 shares during the period. 81.35% of the stock is owned by hedge funds and other institutional investors.

Visa Price Performance

Visa stock opened at $283.04 on Monday. The company has a market cap of $519.81 billion, a price-to-earnings ratio of 32.57, a PEG ratio of 1.97 and a beta of 0.96. The firm’s fifty day moving average is $275.87 and its 200 day moving average is $256.61. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.54. Visa Inc. has a 52-week low of $208.76 and a 52-week high of $289.04.

Visa (NYSE:VGet Free Report) last posted its quarterly earnings data on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share for the quarter, beating analysts’ consensus estimates of $2.34 by $0.07. Visa had a net margin of 53.92% and a return on equity of 50.02%. The business had revenue of $8.63 billion for the quarter, compared to analysts’ expectations of $8.55 billion. During the same quarter in the previous year, the business posted $2.18 earnings per share. The business’s revenue was up 9.3% compared to the same quarter last year. Sell-side analysts forecast that Visa Inc. will post 9.9 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 $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend was Thursday, February 8th. Visa’s payout ratio is presently 23.94%.

Insider Transactions at Visa

In other news, CAO Peter M. Andreski sold 2,615 shares of the company’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 transaction, the chief accounting officer now directly owns 4,898 shares in the company, valued at $1,365,954.24. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CAO Peter M. Andreski sold 2,615 shares of the company’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 transaction, the chief accounting officer now directly owns 4,898 shares in the company, valued at $1,365,954.24. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Ryan Mcinerney sold 8,150 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $273.39, for a total transaction of $2,228,128.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 47,311 shares of company stock worth $12,832,129. Insiders own 0.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on V. Raymond James lifted their target price on shares of Visa from $287.00 to $311.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Wedbush lifted their price target on shares of Visa from $270.00 to $280.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. Barclays lifted their price target on shares of Visa from $304.00 to $319.00 and gave the stock an “overweight” rating in a research note on Monday, January 29th. Wells Fargo & Company lifted their price target on shares of Visa from $300.00 to $325.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 6th. Finally, Mizuho lifted their price target on shares of Visa from $243.00 to $265.00 and gave the stock a “neutral” rating in a research note on Thursday, January 18th. Four equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat, Visa currently has an average rating of “Moderate Buy” and a consensus target price of $293.30.

View Our Latest Stock Analysis 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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