ORG Partners LLC Acquires 1,179 Shares of Visa Inc. (NYSE:V)

ORG Partners LLC lifted its holdings in shares of Visa Inc. (NYSE:V) by 28.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 5,307 shares of the credit-card processor’s stock after purchasing an additional 1,179 shares during the period. ORG Partners LLC’s holdings in Visa were worth $1,680,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Baker Tilly Wealth Management LLC grew its stake in shares of Visa by 5.2% during the fourth quarter. Baker Tilly Wealth Management LLC now owns 12,117 shares of the credit-card processor’s stock valued at $3,829,000 after purchasing an additional 601 shares during the last quarter. CJM Wealth Advisers Ltd. lifted its holdings in Visa by 1.6% during the 4th quarter. CJM Wealth Advisers Ltd. now owns 3,914 shares of the credit-card processor’s stock worth $1,237,000 after buying an additional 63 shares in the last quarter. Fortitude Family Office LLC boosted its position in Visa by 69.2% in the 4th quarter. Fortitude Family Office LLC now owns 2,587 shares of the credit-card processor’s stock valued at $818,000 after buying an additional 1,058 shares during the last quarter. Watts Gwilliam & Co. LLC raised its position in shares of Visa by 5.6% during the fourth quarter. Watts Gwilliam & Co. LLC now owns 12,540 shares of the credit-card processor’s stock worth $3,908,000 after acquiring an additional 667 shares during the last quarter. Finally, Cumberland Advisors Inc. acquired a new position in shares of Visa during the fourth quarter valued at $202,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Visa Stock Performance

Shares of NYSE:V traded down $4.30 during trading on Friday, reaching $308.30. 1,331,253 shares of the stock were exchanged, compared to its average volume of 4,572,812. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $321.61. The stock has a 50-day moving average price of $311.80 and a 200-day moving average price of $286.63. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.55. The firm has a market cap of $574.32 billion, a PE ratio of 31.69, a PEG ratio of 2.11 and a beta of 0.96.

Visa (NYSE:V) last announced its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.58 by $0.13. Visa had a net margin of 54.96% and a return on equity of 53.16%. The company had revenue of $9.62 billion during the quarter, compared to analysts’ expectations of $9.49 billion. During the same quarter in the previous year, the business posted $2.33 earnings per share. Visa’s quarterly revenue was up 11.7% on a year-over-year basis. Research analysts expect that Visa Inc. will post 11.23 EPS for the current fiscal year.

Visa Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.77%. This is an increase from Visa’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Tuesday, November 12th. Visa’s dividend payout ratio is presently 24.25%.

Insider Transactions at Visa

In other 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 value of $2,739,263.60. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Paul D. Fabara sold 2,171 shares of Visa stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $307.97, for a total value of $668,602.87. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on V shares. Piper Sandler increased their price target on Visa from $319.00 to $322.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. TD Cowen raised their target price on Visa from $318.00 to $325.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Macquarie upped their price target on Visa from $300.00 to $335.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Wells Fargo & Company lifted their price objective on shares of Visa from $325.00 to $360.00 and gave the stock an “overweight” rating in a research note on Friday, January 3rd. Finally, Morgan Stanley boosted their price objective on shares of Visa from $326.00 to $371.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Four analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $330.85.

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.