Heritage Family Offices LLP Purchases 291 Shares of Visa Inc. (NYSE:V)

Heritage Family Offices LLP lifted its holdings in Visa Inc. (NYSE:V) by 4.8% in the fourth quarter, HoldingsChannel reports. The firm owned 6,392 shares of the credit-card processor’s stock after purchasing an additional 291 shares during the quarter. Visa accounts for 1.0% of Heritage Family Offices LLP’s portfolio, making the stock its 24th largest position. Heritage Family Offices LLP’s holdings in Visa were worth $2,020,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Edgestream Partners L.P. boosted its holdings in shares of Visa by 27.0% in the 2nd quarter. Edgestream Partners L.P. now owns 9,860 shares of the credit-card processor’s stock worth $2,588,000 after purchasing an additional 2,096 shares during the period. Miramar Capital LLC boosted its stake in Visa by 45.0% during the second quarter. Miramar Capital LLC now owns 41,734 shares of the credit-card processor’s stock worth $10,954,000 after buying an additional 12,945 shares during the period. LJI Wealth Management LLC bought a new position in Visa during the second quarter valued at $372,000. WCG Wealth Advisors LLC raised its stake in shares of Visa by 14.4% in the second quarter. WCG Wealth Advisors LLC now owns 34,576 shares of the credit-card processor’s stock valued at $9,075,000 after acquiring an additional 4,363 shares during the period. Finally, MQS Management LLC bought a new stake in shares of Visa in the 2nd quarter worth about $980,000. Institutional investors own 82.15% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Barclays boosted their target price on Visa from $319.00 to $347.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. Morgan Stanley boosted their target price on shares of Visa from $326.00 to $371.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Visa from $300.00 to $340.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Mizuho upped their target price on shares of Visa from $279.00 to $292.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Finally, Citigroup raised their target price on shares of Visa from $326.00 to $354.00 and gave the stock a “buy” rating in a research report on Tuesday. Four investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $331.92.

Insider Buying and Selling

In other news, insider Paul D. Fabara sold 2,171 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total value of $668,602.87. Following the sale, the insider now directly owns 17,894 shares of the company’s stock, valued at $5,510,815.18. This represents a 10.82 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total transaction of $2,739,263.60. The disclosure for this sale can be found here. 0.13% of the stock is owned by corporate insiders.

Visa Stock Up 0.3 %

V stock opened at $317.10 on Friday. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.55. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $321.61. The stock has a market capitalization of $590.71 billion, a PE ratio of 32.59, a price-to-earnings-growth ratio of 2.06 and a beta of 0.96. The firm has a 50 day moving average of $312.94 and a 200 day moving average of $287.85.

Visa (NYSE:V) last released its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.58 by $0.13. Visa had a return on equity of 53.16% and a net margin of 54.96%. The firm had revenue of $9.62 billion for the quarter, compared to the consensus estimate of $9.49 billion. During the same period in the prior year, the firm earned $2.33 EPS. The firm’s revenue was up 11.7% on a year-over-year basis. Sell-side analysts forecast that Visa Inc. will post 11.22 earnings per share for the current year.

Visa Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Tuesday, November 12th were given a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $2.36 dividend on an annualized basis and a yield of 0.74%. This is a positive change from Visa’s previous quarterly dividend of $0.52. Visa’s dividend payout ratio is currently 24.25%.

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.