Alliance Wealth Advisors LLC UT Has $4.31 Million Stake in Visa Inc. (NYSE:V)

Alliance Wealth Advisors LLC UT lifted its stake in shares of Visa Inc. (NYSE:V) by 0.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,544 shares of the credit-card processor’s stock after acquiring an additional 147 shares during the period. Visa makes up about 1.4% of Alliance Wealth Advisors LLC UT’s investment portfolio, making the stock its 9th largest holding. Alliance Wealth Advisors LLC UT’s holdings in Visa were worth $4,307,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently made changes to their positions in the company. Altshuler Shaham Ltd bought a new stake in shares of Visa during the third quarter worth $25,000. O Brien Wealth Partners LLC bought a new stake in shares of Visa during the fourth quarter worth $32,000. Valued Wealth Advisors LLC bought a new stake in shares of Visa during the fourth quarter worth $37,000. Stuart Chaussee & Associates Inc. increased its position in shares of Visa by 66.2% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 236 shares of the credit-card processor’s stock worth $61,000 after acquiring an additional 94 shares in the last quarter. Finally, Macroview Investment Management LLC grew its position in Visa by 1,019.2% in the third quarter. Macroview Investment Management LLC now owns 291 shares of the credit-card processor’s stock valued at $67,000 after purchasing an additional 265 shares in the last quarter. Institutional investors own 82.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on V. TD Cowen began coverage on shares of Visa in a research report on Thursday, April 11th. They issued a “buy” rating and a $320.00 target price for the company. Susquehanna raised their target price on shares of Visa from $300.00 to $326.00 and gave the company a “positive” rating in a research report on Friday, January 26th. Redburn Atlantic reaffirmed a “neutral” rating and issued a $307.00 target price on shares of Visa in a research report on Wednesday, March 27th. KeyCorp raised their target price on shares of Visa from $275.00 to $300.00 and gave the company an “overweight” rating in a research report on Monday, January 8th. Finally, Wedbush increased their price target on shares of Visa from $280.00 to $300.00 and gave the company an “outperform” rating in a research note on Wednesday. Five investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $302.58.

Insider Activity at Visa

In related news, Director Lloyd Carney sold 909 shares of Visa stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $275.55, for a total transaction of $250,474.95. Following the sale, the director now directly owns 2,591 shares of the company’s stock, valued at approximately $713,950.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Lloyd Carney sold 909 shares of Visa stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $275.55, for a total transaction of $250,474.95. Following the sale, the director now directly owns 2,591 shares of the company’s stock, valued at approximately $713,950.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Peter M. Andreski sold 2,615 shares of Visa stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total transaction of $729,271.20. Following the sale, the chief accounting officer now owns 4,898 shares in the company, valued at $1,365,954.24. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,874 shares of company stock valued at $5,506,827. 0.19% of the stock is owned by insiders.

Visa Stock Performance

Shares of NYSE V traded down $0.64 during mid-day trading on Friday, reaching $274.52. 6,840,615 shares of the company were exchanged, compared to its average volume of 6,528,673. Visa Inc. has a twelve month low of $216.14 and a twelve month high of $290.96. The stock has a market capitalization of $504.16 billion, a P/E ratio of 30.67, a P/E/G ratio of 1.89 and a beta of 0.96. The company’s 50-day simple moving average is $279.24 and its 200-day simple moving average is $264.33. The company has a quick ratio of 1.45, a current ratio of 1.40 and a debt-to-equity ratio of 0.53.

Visa (NYSE:V) last released its quarterly earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, topping analysts’ consensus estimates of $2.43 by $0.08. Visa had a net margin of 53.87% and a return on equity of 51.23%. The business had revenue of $8.78 billion for the quarter, compared to analyst estimates of $8.62 billion. During the same period last year, the firm earned $2.09 earnings per share. Visa’s revenue for the quarter was up 9.9% compared to the same quarter last year. As a group, research analysts predict that Visa Inc. will post 9.89 earnings per share for the current year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 17th will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend is Thursday, May 16th. Visa’s dividend payout ratio (DPR) is presently 23.24%.

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.