Yoder Wealth Management Inc. Invests $460,000 in Visa Inc. (NYSE:V)

Yoder Wealth Management Inc. bought a new position in shares of Visa Inc. (NYSE:V) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 1,767 shares of the credit-card processor’s stock, valued at approximately $460,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in V. Altshuler Shaham Ltd acquired a new stake in Visa during the 3rd quarter worth approximately $25,000. O Brien Wealth Partners LLC acquired a new position in Visa in the 4th quarter valued at $32,000. Nalls Sherbakoff Group LLC raised its holdings in shares of Visa by 545.5% during the 3rd quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock worth $33,000 after buying an additional 120 shares in the last quarter. Valued Wealth Advisors LLC acquired a new position in shares of Visa during the 4th quarter worth $37,000. Finally, Life Planning Partners Inc acquired a new position in shares of Visa during the 4th quarter worth $71,000. 82.15% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on V shares. Redburn Atlantic reissued a “neutral” rating and set a $307.00 price target on shares of Visa in a report on Wednesday, March 27th. Wells Fargo & Company boosted their price target on Visa from $300.00 to $325.00 and gave the stock an “overweight” rating in a report on Wednesday, March 6th. UBS Group boosted their price target on Visa from $315.00 to $325.00 and gave the stock a “buy” rating in a report on Wednesday. Evercore ISI boosted their price objective on Visa from $325.00 to $335.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. Finally, Oppenheimer boosted their price objective on Visa from $297.00 to $299.00 and gave the stock an “outperform” rating in a research report on Wednesday. Five research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to MarketBeat, Visa has a consensus rating of “Moderate Buy” and an average price target of $302.58.

Insiders Place Their Bets

In other Visa news, Director Lloyd Carney sold 909 shares of the firm’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $275.55, for a total value of $250,474.95. Following the completion of the sale, the director now directly owns 2,591 shares of the company’s stock, valued at $713,950.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Visa news, Director Lloyd Carney sold 909 shares of the firm’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $275.55, for a total value of $250,474.95. Following the completion of the sale, the director now directly owns 2,591 shares of the company’s stock, valued at $713,950.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ryan Mcinerney sold 8,200 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $280.36, for a total value of $2,298,952.00. Following the completion of the sale, the chief executive officer now directly owns 538 shares of the company’s stock, valued at $150,833.68. The disclosure for this sale can be found here. Insiders sold 19,874 shares of company stock valued at $5,506,827 over the last ninety days. 0.19% of the stock is currently owned by insiders.

Visa Stock Down 0.2 %

Shares of Visa stock traded down $0.58 on Friday, hitting $274.58. The company had a trading volume of 6,840,359 shares, compared to its average volume of 5,951,953. The stock has a market capitalization of $504.27 billion, a price-to-earnings ratio of 30.68, a P/E/G ratio of 1.90 and a beta of 0.96. Visa Inc. has a 1 year low of $216.14 and a 1 year high of $290.96. The stock has a 50 day moving average of $279.24 and a 200-day moving average of $264.33. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.45 and a current ratio of 1.40.

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

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 17th will be issued a $0.52 dividend. 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 is presently 23.24%.

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.