Puff Wealth Management LLC Takes Position in Visa Inc. (NYSE:V)

Puff Wealth Management LLC purchased a new position in shares of Visa Inc. (NYSE:V) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 2,276 shares of the credit-card processor’s stock, valued at approximately $719,000. Visa comprises about 1.2% of Puff Wealth Management LLC’s investment portfolio, making the stock its 27th biggest position.

A number of other large investors have also bought and sold shares of the stock. Elevation Wealth Partners LLC boosted its stake in Visa by 3.3% during the fourth quarter. Elevation Wealth Partners LLC now owns 939 shares of the credit-card processor’s stock valued at $297,000 after buying an additional 30 shares in the last quarter. Warther Private Wealth LLC raised its holdings in shares of Visa by 1.0% during the fourth quarter. Warther Private Wealth LLC now owns 2,935 shares of the credit-card processor’s stock valued at $928,000 after acquiring an additional 30 shares during the period. Crescent Grove Advisors LLC lifted its holdings in shares of Visa by 2.2% in the fourth quarter. Crescent Grove Advisors LLC now owns 1,437 shares of the credit-card processor’s stock valued at $454,000 after purchasing an additional 31 shares in the last quarter. Vicus Capital lifted its stake in Visa by 3.1% in the 4th quarter. Vicus Capital now owns 1,032 shares of the credit-card processor’s stock worth $326,000 after acquiring an additional 31 shares in the last quarter. Finally, Phoenix Wealth Advisors boosted its position in Visa by 3.4% during the 4th quarter. Phoenix Wealth Advisors now owns 964 shares of the credit-card processor’s stock worth $305,000 after acquiring an additional 32 shares during the period. 82.15% of the stock is owned by hedge funds and other institutional investors.

Visa Stock Performance

V stock opened at $353.73 on Tuesday. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $356.08. The company has a quick ratio of 1.28, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The company has a market cap of $657.15 billion, a P/E ratio of 35.66, a price-to-earnings-growth ratio of 2.32 and a beta of 0.97. The business’s fifty day moving average is $325.14 and its 200-day moving average is $299.42.

Visa (NYSE:V) last released its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. Equities research analysts forecast that Visa Inc. will post 11.27 EPS for the current year.

Visa Announces Dividend

The business also recently announced 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 annualized dividend and a yield of 0.67%. Visa’s dividend payout ratio (DPR) is currently 23.79%.

Insider Buying and Selling

In related news, insider Paul D. Fabara sold 2,171 shares of the company’s 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 sale, the insider now owns 17,894 shares in the company, valued at approximately $5,510,815.18. This represents a 10.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Tullier Kelly Mahon sold 33,741 shares of the company’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the sale, the insider now directly owns 36,566 shares in the company, valued at $12,789,689.82. This trade represents a 47.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 58,056 shares of company stock worth $19,830,050 over the last ninety days. Company insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on V shares. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Visa from $300.00 to $340.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Royal Bank of Canada boosted their price objective on shares of Visa from $311.00 to $322.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Keefe, Bruyette & Woods increased their target price on Visa from $360.00 to $400.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Citigroup raised their price target on shares of Visa from $354.00 to $393.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Finally, Raymond James reiterated an “outperform” rating and set a $393.00 price target (up previously from $374.00) on shares of Visa in a research note on Friday, January 31st. Four investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently 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.