Magnolia Private Wealth LLC Buys New Shares in Visa Inc. (NYSE:V)

Magnolia Private Wealth LLC acquired a new stake in Visa Inc. (NYSE:V) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 682 shares of the credit-card processor’s stock, valued at approximately $216,000.

Several other institutional investors have also recently modified their holdings of the company. Swedbank AB grew its holdings in Visa by 10.7% in the third quarter. Swedbank AB now owns 2,059,111 shares of the credit-card processor’s stock valued at $566,153,000 after purchasing an additional 199,440 shares during the period. Howard Capital Management Group LLC increased its stake in Visa by 0.6% during the third quarter. Howard Capital Management Group LLC now owns 106,355 shares of the credit-card processor’s stock worth $29,242,000 after acquiring an additional 610 shares during the last quarter. Pettinga Financial Advisors LLC acquired a new position in shares of Visa in the 3rd quarter valued at $228,000. Farmers & Merchants Investments Inc. increased its position in shares of Visa by 3.2% during the 3rd quarter. Farmers & Merchants Investments Inc. now owns 72,449 shares of the credit-card processor’s stock worth $19,920,000 after purchasing an additional 2,250 shares during the last quarter. Finally, Hedeker Wealth LLC raised its stake in shares of Visa by 0.8% in the 3rd quarter. Hedeker Wealth LLC now owns 24,224 shares of the credit-card processor’s stock valued at $6,660,000 after acquiring an additional 202 shares during the period. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Visa Stock Up 1.4 %

V stock opened at $355.56 on Friday. The company has a 50 day moving average price of $332.12 and a two-hundred day moving average price of $304.62. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. Visa Inc. has a one year low of $252.70 and a one year high of $360.31. The stock has a market capitalization of $660.55 billion, a P/E ratio of 35.84, a PEG ratio of 2.33 and a beta of 0.97.

Visa (NYSE:V) last issued its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. As a group, sell-side analysts expect that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 11th will be paid a $0.59 dividend. The ex-dividend date is Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a yield of 0.66%. Visa’s dividend payout ratio (DPR) is 23.79%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on V. Susquehanna raised their price target on Visa from $395.00 to $410.00 and gave the stock a “positive” rating in a research report on Friday, February 21st. Barclays boosted their price target on shares of Visa from $361.00 to $396.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Seaport Res Ptn raised shares of Visa from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Mizuho lifted their price objective on shares of Visa from $279.00 to $292.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Finally, Morgan Stanley upped their target price on shares of Visa from $326.00 to $371.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Six equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Visa currently has an average rating of “Moderate Buy” and an average price target of $353.96.

Insider Buying and Selling at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of Visa 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 sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Peter M. Andreski sold 2,332 shares of Visa stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.62, for a total transaction of $815,313.84. Following the sale, the chief accounting officer now owns 4,488 shares in the company, valued at approximately $1,569,094.56. This represents a 34.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 55,885 shares of company stock worth $19,161,447 over the last quarter. 0.13% of the stock is owned by corporate insiders.

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.