Visa Inc. $V Shares Purchased by WealthBridge Capital Management LLC

WealthBridge Capital Management LLC raised its holdings in Visa Inc. (NYSE:V) by 5.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,560 shares of the credit-card processor’s stock after buying an additional 251 shares during the quarter. WealthBridge Capital Management LLC’s holdings in Visa were worth $1,619,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Keystone Global Partners LLC purchased a new stake in Visa in the first quarter valued at approximately $26,000. Family Legacy Financial Solutions LLC purchased a new position in Visa during the second quarter worth approximately $28,000. Harbor Asset Planning Inc. purchased a new position in Visa during the second quarter worth approximately $29,000. Cranbrook Wealth Management LLC boosted its holdings in shares of Visa by 82.0% in the 2nd quarter. Cranbrook Wealth Management LLC now owns 91 shares of the credit-card processor’s stock valued at $32,000 after purchasing an additional 41 shares during the last quarter. Finally, Hoese & Co LLP purchased a new stake in shares of Visa during the 2nd quarter valued at $36,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Price Performance

V stock opened at $328.24 on Friday. The firm has a market cap of $597.97 billion, a P/E ratio of 32.15, a price-to-earnings-growth ratio of 1.92 and a beta of 0.87. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.08 and a current ratio of 1.08. Visa Inc. has a 1 year low of $299.00 and a 1 year high of $375.51. The stock has a 50-day simple moving average of $340.46 and a 200-day simple moving average of $347.92.

Visa (NYSE:V) last released its quarterly earnings results on Tuesday, October 28th. The credit-card processor reported $2.98 EPS for the quarter, topping the consensus estimate of $2.97 by $0.01. The firm had revenue of $10.72 billion for the quarter, compared to analyst estimates of $10.60 billion. Visa had a return on equity of 60.31% and a net margin of 50.15%.Visa’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same period in the previous year, the company posted $2.71 EPS. On average, equities analysts predict that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Wednesday, November 12th will be given a dividend of $0.67 per share. The ex-dividend date of this dividend is Wednesday, November 12th. This is an increase from Visa’s previous quarterly dividend of $0.59. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.8%. Visa’s dividend payout ratio is presently 26.25%.

Insider Activity

In related news, Director Lloyd Carney sold 900 shares of the firm’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $336.48, for a total transaction of $302,832.00. Following the completion of the sale, the director directly owned 2,468 shares of the company’s stock, valued at approximately $830,432.64. This trade represents a 26.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul D. Fabara sold 2,172 shares of Visa stock in a transaction on Friday, November 21st. The stock was sold at an average price of $325.93, for a total transaction of $707,919.96. Following the sale, the insider directly owned 26,413 shares in the company, valued at $8,608,789.09. This trade represents a 7.60% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 24,042 shares of company stock worth $8,175,152. 0.13% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on V. Robert W. Baird set a $425.00 price objective on Visa in a report on Wednesday, October 29th. Weiss Ratings restated a “buy (b)” rating on shares of Visa in a research note on Wednesday, October 8th. Raymond James Financial restated an “outperform” rating and issued a $408.00 price objective (up from $398.00) on shares of Visa in a report on Wednesday, October 29th. Citigroup upgraded Visa to a “strong-buy” rating in a report on Thursday, October 23rd. Finally, Barclays reissued an “overweight” rating and set a $408.00 target price (up previously from $396.00) on shares of Visa in a research report on Thursday, July 31st. Four analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Visa has an average rating of “Moderate Buy” and a consensus price target of $400.00.

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.