Oakwell Private Wealth Management LLC Purchases 352 Shares of Visa Inc. (NYSE:V)

Oakwell Private Wealth Management LLC raised its stake in shares of Visa Inc. (NYSE:V) by 14.7% during the fourth quarter, Holdings Channel reports. The firm owned 2,749 shares of the credit-card processor’s stock after buying an additional 352 shares during the quarter. Oakwell Private Wealth Management LLC’s holdings in Visa were worth $716,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. GoalVest Advisory LLC lifted its holdings in shares of Visa by 3.4% during the fourth quarter. GoalVest Advisory LLC now owns 1,217 shares of the credit-card processor’s stock worth $317,000 after purchasing an additional 40 shares during the period. Destiny Wealth Partners LLC raised its stake in shares of Visa by 2.5% during the 4th quarter. Destiny Wealth Partners LLC now owns 1,668 shares of the credit-card processor’s stock worth $433,000 after buying an additional 40 shares during the period. Sunflower Bank N.A. increased its position in shares of Visa by 1.3% during the fourth quarter. Sunflower Bank N.A. now owns 3,143 shares of the credit-card processor’s stock worth $818,000 after purchasing an additional 41 shares in the last quarter. Parker Financial LLC increased its position in shares of Visa by 4.8% during the fourth quarter. Parker Financial LLC now owns 925 shares of the credit-card processor’s stock worth $241,000 after purchasing an additional 42 shares in the last quarter. Finally, Patron Partners LLC increased its position in shares of Visa by 1.0% during the fourth quarter. Patron Partners LLC now owns 4,295 shares of the credit-card processor’s stock worth $1,118,000 after purchasing an additional 42 shares in the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.

Visa Trading Up 0.3 %

NYSE:V traded up $0.91 on Wednesday, hitting $269.52. 1,483,086 shares of the stock were exchanged, compared to its average volume of 5,879,528. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.53. Visa Inc. has a fifty-two week low of $216.14 and a fifty-two week high of $290.96. The stock has a market cap of $494.98 billion, a PE ratio of 30.11, a PEG ratio of 1.87 and a beta of 0.96. The stock has a fifty day moving average of $278.98 and a 200-day moving average of $265.19.

Visa (NYSE:V) last posted its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.43 by $0.08. Visa had a return on equity of 51.23% and a net margin of 53.87%. The business had revenue of $8.78 billion during the quarter, compared to analyst estimates of $8.62 billion. During the same quarter last year, the firm earned $2.09 earnings per share. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. As a group, equities analysts expect that Visa Inc. will post 9.9 earnings per share for the current fiscal year.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 17th will be paid a $0.52 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.77%. Visa’s dividend payout ratio (DPR) is currently 23.24%.

Insider Activity

In related news, Director Lloyd Carney sold 909 shares of the stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $275.55, for a total value of $250,474.95. Following the completion of the transaction, the director now owns 2,591 shares of the company’s stock, valued at $713,950.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, 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 value of $2,228,128.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lloyd Carney sold 909 shares of the stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $275.55, for a total value of $250,474.95. Following the completion of the transaction, the director now directly owns 2,591 shares of the company’s stock, valued at approximately $713,950.05. The disclosure for this sale can be found here. Over the last quarter, insiders sold 19,874 shares of company stock worth $5,506,827. 0.19% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Keefe, Bruyette & Woods raised their target price on Visa from $305.00 to $315.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. Wells Fargo & Company raised their price objective on Visa from $300.00 to $325.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. Susquehanna raised their price objective on Visa from $300.00 to $326.00 and gave the stock a “positive” rating in a research report on Friday, January 26th. Redburn Atlantic reissued a “neutral” rating and set a $307.00 price objective on shares of Visa in a research report on Wednesday, March 27th. Finally, Wedbush raised their price objective on Visa from $280.00 to $300.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Five investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat.com, Visa has a consensus rating of “Moderate Buy” and a consensus target price of $302.58.

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.