State of Wyoming Acquires 4,249 Shares of Visa Inc. (NYSE:V)

State of Wyoming raised its holdings in Visa Inc. (NYSE:V) by 99.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,529 shares of the credit-card processor’s stock after purchasing an additional 4,249 shares during the quarter. Visa makes up about 0.3% of State of Wyoming’s investment portfolio, making the stock its 22nd largest position. State of Wyoming’s holdings in Visa were worth $2,696,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of V. Riverstone Advisors LLC bought a new stake in Visa in the fourth quarter valued at about $217,000. Blue Rock Wealth Management LLC bought a new stake in Visa in the fourth quarter valued at about $306,000. Aptus Capital Advisors LLC increased its holdings in Visa by 19.8% in the fourth quarter. Aptus Capital Advisors LLC now owns 182,658 shares of the credit-card processor’s stock valued at $57,727,000 after purchasing an additional 30,185 shares during the last quarter. Journey Strategic Wealth LLC increased its holdings in Visa by 16.4% in the fourth quarter. Journey Strategic Wealth LLC now owns 9,678 shares of the credit-card processor’s stock valued at $3,058,000 after purchasing an additional 1,361 shares during the last quarter. Finally, King Wealth Management Group increased its holdings in Visa by 9.0% in the fourth quarter. King Wealth Management Group now owns 74,874 shares of the credit-card processor’s stock valued at $23,663,000 after purchasing an additional 6,172 shares during the last quarter. Institutional investors own 82.15% of the company’s stock.

Insider Buying and Selling

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $363.00, for a total value of $3,129,060.00. Following the transaction, the chief executive officer now owns 537 shares in the company, valued at $194,931. The trade was a 94.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Paul D. Fabara sold 14,813 shares of Visa stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $355.04, for a total value of $5,259,207.52. Following the completion of the transaction, the insider now owns 26,413 shares in the company, valued at approximately $9,377,671.52. This represents a 35.93% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 121,948 shares of company stock worth $41,548,282. Company insiders own 0.13% of the company’s stock.

Visa Stock Performance

Shares of NYSE V opened at $365.23 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. The stock’s fifty day moving average price is $338.59 and its two-hundred day moving average price is $329.61. Visa Inc. has a one year low of $252.70 and a one year high of $366.54. The firm has a market cap of $673.90 billion, a price-to-earnings ratio of 36.82, a P/E/G ratio of 2.33 and a beta of 0.96.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 EPS for the quarter, beating analysts’ consensus estimates of $2.68 by $0.08. Visa had a return on equity of 54.79% and a net margin of 54.27%. The firm had revenue of $9.59 billion for the quarter, compared to analyst estimates of $9.57 billion. During the same period in the prior year, the firm posted $2.51 EPS. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. On average, equities analysts forecast that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th will be issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend is Tuesday, May 13th. Visa’s dividend payout ratio (DPR) is currently 23.72%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on V. BMO Capital Markets upped their price objective on Visa from $370.00 to $380.00 and gave the company an “outperform” rating in a report on Wednesday, April 30th. Raymond James reissued an “outperform” rating and issued a $393.00 target price (up from $374.00) on shares of Visa in a research note on Friday, January 31st. Oppenheimer reissued an “outperform” rating on shares of Visa in a research note on Thursday, February 13th. William Blair reissued an “outperform” rating on shares of Visa in a research note on Wednesday, April 30th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating on shares of Visa in a research note on Thursday, February 13th. Six equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $362.38.

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.