Tempus Wealth Planning LLC Buys 266 Shares of Visa Inc. (NYSE:V)

Tempus Wealth Planning LLC boosted its holdings in shares of Visa Inc. (NYSE:V) by 7.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 3,804 shares of the credit-card processor’s stock after purchasing an additional 266 shares during the period. Tempus Wealth Planning LLC’s holdings in Visa were worth $1,202,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Crescent Grove Advisors LLC raised its stake in Visa by 2.2% in the 4th quarter. Crescent Grove Advisors LLC now owns 1,437 shares of the credit-card processor’s stock valued at $454,000 after acquiring an additional 31 shares during the period. Phoenix Wealth Advisors grew its stake in shares of Visa by 3.4% in the fourth quarter. Phoenix Wealth Advisors now owns 964 shares of the credit-card processor’s stock valued at $305,000 after acquiring an additional 32 shares in the last quarter. Unionview LLC boosted its holdings in Visa by 1.5% in the 3rd quarter. Unionview LLC now owns 2,296 shares of the credit-card processor’s stock valued at $631,000 after purchasing an additional 33 shares during the period. Forza Wealth Management LLC grew its position in shares of Visa by 2.9% during the 4th quarter. Forza Wealth Management LLC now owns 1,164 shares of the credit-card processor’s stock worth $368,000 after purchasing an additional 33 shares in the last quarter. Finally, Presilium Private Wealth LLC increased its holdings in shares of Visa by 2.2% during the fourth quarter. Presilium Private Wealth LLC now owns 1,503 shares of the credit-card processor’s stock worth $475,000 after purchasing an additional 33 shares during the period. Institutional investors own 82.15% of the company’s stock.

Insider Transactions at Visa

In other Visa news, General Counsel Julie B. Rottenberg sold 2,572 shares of Visa stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $340.00, for a total value of $874,480.00. Following the completion of the sale, the general counsel now directly owns 11,925 shares of the company’s stock, valued at approximately $4,054,500. The trade was a 17.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Paul D. Fabara sold 2,171 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $307.97, for a total transaction of $668,602.87. Following the transaction, the insider now directly owns 17,894 shares in the company, valued at $5,510,815.18. This trade represents a 10.82 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,983 shares of company stock valued at $7,213,146. Corporate insiders own 0.13% of the company’s stock.

Visa Price Performance

Visa stock opened at $347.28 on Friday. The stock’s 50 day moving average is $319.76 and its 200 day moving average is $294.76. Visa Inc. has a one year low of $252.70 and a one year high of $351.25. The firm has a market cap of $646.94 billion, a P/E ratio of 35.01, a P/E/G ratio of 2.30 and a beta of 0.97. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.28.

Visa (NYSE:V) last issued its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. As a group, research analysts expect that Visa Inc. will post 11.2 EPS for the current year.

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th will be issued a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a yield of 0.68%. Visa’s payout ratio is currently 23.79%.

Analyst Ratings Changes

V has been the subject of several recent research reports. Jefferies Financial Group boosted their price target on Visa from $320.00 to $330.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. William Blair restated an “outperform” rating on shares of Visa in a research report on Friday, January 31st. BMO Capital Markets upped their price objective on shares of Visa from $310.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Mizuho boosted their target price on shares of Visa from $279.00 to $292.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Finally, Keefe, Bruyette & Woods increased their price target on shares of Visa from $360.00 to $400.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Four research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $354.73.

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.