Oregon Pacific Wealth Management LLC Takes $623,000 Position in Visa Inc. (NYSE:V)

Oregon Pacific Wealth Management LLC acquired a new position in Visa Inc. (NYSE:V) in the 4th quarter, Holdings Channel reports. The firm acquired 1,971 shares of the credit-card processor’s stock, valued at approximately $623,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Czech National Bank increased its holdings in Visa by 13.4% in the 3rd quarter. Czech National Bank now owns 340,238 shares of the credit-card processor’s stock valued at $93,548,000 after purchasing an additional 40,268 shares during the last quarter. Axiom Advisory LLC grew its stake in shares of Visa by 12.8% in the third quarter. Axiom Advisory LLC now owns 3,584 shares of the credit-card processor’s stock valued at $972,000 after buying an additional 406 shares in the last quarter. Atomi Financial Group Inc. raised its holdings in shares of Visa by 5.9% in the 3rd quarter. Atomi Financial Group Inc. now owns 13,350 shares of the credit-card processor’s stock valued at $3,670,000 after buying an additional 747 shares during the period. Sugarloaf Wealth Management LLC lifted its stake in Visa by 2.2% during the 3rd quarter. Sugarloaf Wealth Management LLC now owns 14,377 shares of the credit-card processor’s stock worth $3,953,000 after acquiring an additional 305 shares in the last quarter. Finally, Country Trust Bank boosted its holdings in Visa by 0.3% during the 3rd quarter. Country Trust Bank now owns 270,906 shares of the credit-card processor’s stock valued at $74,486,000 after acquiring an additional 941 shares during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Trading Up 1.2 %

V opened at $349.27 on Thursday. The company has a quick ratio of 1.28, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $351.25. The business’s 50 day moving average is $319.07 and its two-hundred day moving average is $294.37. The firm has a market cap of $650.64 billion, a price-to-earnings ratio of 35.21, a price-to-earnings-growth ratio of 2.30 and a beta of 0.97.

Visa (NYSE:V) last announced its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, beating 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%. On average, research analysts predict that Visa Inc. will post 11.2 EPS for the current year.

Visa Dividend Announcement

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

Analyst Ratings Changes

A number of analysts have issued reports on V shares. Wells Fargo & Company boosted their price target on shares of Visa from $360.00 to $395.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Jefferies Financial Group increased their target price on shares of Visa from $320.00 to $330.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. William Blair restated an “outperform” rating on shares of Visa in a research note on Friday, January 31st. Bank of America increased their price objective on Visa from $331.00 to $363.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Visa from $300.00 to $340.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Visa presently has a consensus rating of “Moderate Buy” and an average target price of $354.73.

Insider Transactions at Visa

In other Visa news, General Counsel Julie B. Rottenberg sold 2,572 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $340.00, for a total transaction of $874,480.00. Following the completion of the transaction, the general counsel now owns 11,925 shares in the company, valued at approximately $4,054,500. This represents a 17.74 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 transaction of $668,602.87. Following the completion of the sale, the insider now directly owns 17,894 shares in the company, valued at approximately $5,510,815.18. The trade was a 10.82 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,983 shares of company stock worth $7,213,146. Company insiders own 0.13% of the company’s stock.

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.