Heirloom Wealth Management Has $18.15 Million Stock Position in Visa Inc. (NYSE:V)

Heirloom Wealth Management lifted its holdings in Visa Inc. (NYSE:V) by 1.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 69,719 shares of the credit-card processor’s stock after acquiring an additional 986 shares during the period. Visa accounts for approximately 7.0% of Heirloom Wealth Management’s holdings, making the stock its 5th biggest holding. Heirloom Wealth Management’s holdings in Visa were worth $18,151,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in V. Altshuler Shaham Ltd bought a new stake in Visa in the third quarter worth about $25,000. O Brien Wealth Partners LLC bought a new stake in Visa in the fourth quarter worth about $32,000. Nalls Sherbakoff Group LLC lifted its stake in 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 purchasing an additional 120 shares during the last quarter. Valued Wealth Advisors LLC bought a new stake in Visa in the fourth quarter worth about $37,000. Finally, Financial Freedom LLC bought a new stake in Visa in the fourth quarter worth about $32,000. Institutional investors own 82.15% of the company’s stock.

Visa Stock Down 0.6 %

V stock opened at $269.78 on Friday. The stock has a market capitalization of $495.45 billion, a P/E ratio of 31.04, a P/E/G ratio of 1.86 and a beta of 0.96. The firm has a 50-day simple moving average of $279.58 and a 200-day simple moving average of $263.12. 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 $216.14 and a 52 week high of $290.96.

Visa (NYSE:V) last released its earnings results on Thursday, January 25th. The credit-card processor reported $2.41 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 53.92% and a return on equity of 50.02%. The company’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.18 earnings per share. 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 announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 9th were paid 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 dividend yield of 0.77%. Visa’s dividend payout ratio is currently 23.94%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on V. Raymond James raised their price objective on shares of Visa from $287.00 to $311.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. William Blair reissued an “outperform” rating on shares of Visa in a report on Friday, January 26th. Royal Bank of Canada lifted their price objective on shares of Visa from $290.00 to $309.00 and gave the company an “outperform” rating in a report on Friday, January 26th. KeyCorp lifted their price objective on shares of Visa from $275.00 to $300.00 and gave the company an “overweight” rating in a report on Monday, January 8th. Finally, Redburn Atlantic reissued a “neutral” rating and set a $307.00 price objective on shares of Visa in a report on Wednesday, March 27th. Five research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Visa presently has a consensus rating of “Moderate Buy” and a consensus target price of $298.43.

Insider Activity at Visa

In related 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 transaction of $729,271.20. Following the completion of the sale, the chief accounting officer now 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 SEC, which can be accessed through this hyperlink. In related news, CEO Ryan Mcinerney sold 8,150 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $273.39, for a total transaction of $2,228,128.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 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 transaction of $729,271.20. Following the completion of the transaction, the chief accounting officer now owns 4,898 shares in the company, valued at $1,365,954.24. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,965 shares of company stock valued at $5,256,352. Corporate insiders own 0.19% of the company’s stock.

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.