Pacific Wealth Strategies Group Inc. Decreases Position in Visa Inc. (NYSE:V)

Pacific Wealth Strategies Group Inc. lessened its holdings in Visa Inc. (NYSE:V) by 0.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,287 shares of the credit-card processor’s stock after selling 46 shares during the quarter. Visa accounts for 1.3% of Pacific Wealth Strategies Group Inc.’s investment portfolio, making the stock its 20th biggest position. Pacific Wealth Strategies Group Inc.’s holdings in Visa were worth $1,377,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Altshuler Shaham Ltd bought a new stake in shares of Visa during the 3rd quarter valued at about $25,000. O Brien Wealth Partners LLC bought a new stake in Visa during the fourth quarter worth about $32,000. Nalls Sherbakoff Group LLC boosted its stake in Visa by 545.5% during the third quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock worth $33,000 after acquiring an additional 120 shares in the last quarter. Valued Wealth Advisors LLC bought a new stake in Visa during the fourth quarter worth about $37,000. Finally, Macroview Investment Management LLC boosted its stake in Visa by 1,019.2% during the third quarter. Macroview Investment Management LLC now owns 291 shares of the credit-card processor’s stock worth $67,000 after acquiring an additional 265 shares in the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on V shares. Keefe, Bruyette & Woods upped their target price on shares of Visa from $305.00 to $315.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. William Blair reiterated an “outperform” rating on shares of Visa in a research report on Friday, January 26th. KeyCorp upped their target price on shares of Visa from $275.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday, January 8th. Wedbush increased their price objective on shares of Visa from $280.00 to $300.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Raymond James increased their target price on shares of Visa from $287.00 to $311.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. Five analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $301.35.

Insider Activity at Visa

In related news, CEO Ryan Mcinerney sold 8,150 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $273.39, for a total value of $2,228,128.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Visa news, CEO Ryan Mcinerney sold 8,150 shares of Visa stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $273.39, for a total value of $2,228,128.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Peter M. Andreski sold 2,615 shares of Visa 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 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 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. 0.19% of the stock is owned by insiders.

Visa Stock Up 1.0 %

V stock traded up $2.66 during midday trading on Wednesday, reaching $276.77. 2,898,388 shares of the company were exchanged, compared to its average volume of 5,837,713. The company has a market cap of $508.29 billion, a price-to-earnings ratio of 31.92, 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 Inc. has a 1-year low of $216.14 and a 1-year high of $290.96. The stock’s 50-day simple moving average is $279.49 and its 200 day simple moving average is $263.90.

Visa (NYSE:V) last released its quarterly earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.43 by $0.08. The business had revenue of $8.78 billion during the quarter, compared to the consensus estimate of $8.62 billion. Visa had a return on equity of 50.02% and a net margin of 53.92%. The business’s revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.09 EPS. On average, equities analysts forecast that Visa Inc. will post 9.88 earnings per share for the current year.

Visa Dividend Announcement

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

About Visa

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.