Segment Wealth Management LLC Grows Position in Visa Inc. (NYSE:V)

Segment Wealth Management LLC boosted its position in Visa Inc. (NYSE:V) by 0.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 65,517 shares of the credit-card processor’s stock after purchasing an additional 209 shares during the period. Visa makes up approximately 1.4% of Segment Wealth Management LLC’s investment portfolio, making the stock its 12th biggest holding. Segment Wealth Management LLC’s holdings in Visa were worth $20,706,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Unionview LLC increased its position in shares of Visa by 1.5% during the third quarter. Unionview LLC now owns 2,296 shares of the credit-card processor’s stock worth $631,000 after purchasing an additional 33 shares in the last quarter. Forza Wealth Management LLC increased its position in Visa by 2.9% during the 4th quarter. Forza Wealth Management LLC now owns 1,164 shares of the credit-card processor’s stock valued at $368,000 after buying an additional 33 shares in the last quarter. Presilium Private Wealth LLC increased its position in Visa by 2.2% during the 4th quarter. Presilium Private Wealth LLC now owns 1,503 shares of the credit-card processor’s stock valued at $475,000 after buying an additional 33 shares in the last quarter. St. Louis Trust Co raised its stake in Visa by 0.9% in the third quarter. St. Louis Trust Co now owns 3,885 shares of the credit-card processor’s stock valued at $1,068,000 after buying an additional 34 shares during the last quarter. Finally, FWG Holdings LLC boosted its holdings in Visa by 1.1% in the third quarter. FWG Holdings LLC now owns 3,168 shares of the credit-card processor’s stock worth $900,000 after acquiring an additional 34 shares in the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on V shares. Morgan Stanley increased their price objective on shares of Visa from $326.00 to $371.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Seaport Res Ptn raised shares of Visa from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Susquehanna boosted their price objective on shares of Visa from $339.00 to $375.00 and gave the company a “positive” rating in a report on Wednesday, December 11th. Keefe, Bruyette & Woods raised their target price on Visa from $335.00 to $360.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Finally, Macquarie lifted their price target on Visa from $300.00 to $335.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Four equities research 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’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $332.81.

Insider Buying and Selling

In other news, insider Paul D. Fabara sold 2,171 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $307.97, for a total value of $668,602.87. Following the transaction, the insider now directly owns 17,894 shares of the company’s stock, valued at approximately $5,510,815.18. This trade represents a 10.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were 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 currently owned by insiders.

Visa Stock Down 0.0 %

Shares of V opened at $323.55 on Thursday. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.55. The firm has a market cap of $602.73 billion, a P/E ratio of 33.25, a PEG ratio of 2.15 and a beta of 0.96. The stock’s 50 day moving average is $313.86 and its two-hundred day moving average is $289.47. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $325.74.

Visa (NYSE:V) last released its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.58 by $0.13. Visa had a net margin of 54.96% and a return on equity of 53.16%. The firm had revenue of $9.62 billion for the quarter, compared to analysts’ expectations of $9.49 billion. During the same quarter last year, the company earned $2.33 EPS. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. Analysts predict that Visa Inc. will post 11.2 earnings per share for the current fiscal year.

Visa Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Tuesday, November 12th were paid a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This is a positive change from Visa’s previous quarterly dividend of $0.52. This represents a $2.36 dividend on an annualized basis and a yield of 0.73%. Visa’s dividend payout ratio (DPR) is currently 24.25%.

Visa Company 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.