Ullmann Wealth Partners Group LLC Increases Holdings in Visa Inc. (NYSE:V)

Ullmann Wealth Partners Group LLC increased its stake in shares of Visa Inc. (NYSE:V) by 17.2% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 1,552 shares of the credit-card processor’s stock after acquiring an additional 228 shares during the quarter. Ullmann Wealth Partners Group LLC’s holdings in Visa were worth $544,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Bradley & Co. Private Wealth Management LLC purchased a new stake in shares of Visa in the 4th quarter valued at $27,000. POM Investment Strategies LLC raised its holdings in shares of Visa by 48.5% in the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock valued at $31,000 after buying an additional 32 shares during the period. Compass Planning Associates Inc purchased a new stake in shares of Visa in the 4th quarter valued at $32,000. FPC Investment Advisory Inc. raised its holdings in shares of Visa by 377.3% in the 4th quarter. FPC Investment Advisory Inc. now owns 105 shares of the credit-card processor’s stock valued at $36,000 after buying an additional 83 shares during the period. Finally, NewSquare Capital LLC purchased a new stake in shares of Visa in the 4th quarter valued at $35,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Visa Price Performance

NYSE:V opened at $366.67 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. The stock’s 50-day simple moving average is $344.98 and its 200 day simple moving average is $335.10. The company has a market cap of $676.56 billion, a P/E ratio of 36.96, a P/E/G ratio of 2.33 and a beta of 0.96. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $371.00.

Visa (NYSE:V) last announced its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, topping analysts’ consensus estimates of $2.68 by $0.08. The firm had revenue of $9.59 billion for the quarter, compared to the consensus estimate of $9.57 billion. Visa had a return on equity of 54.79% and a net margin of 54.27%. The business’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.51 earnings per share. As a group, sell-side analysts forecast that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date of this dividend was Tuesday, May 13th. Visa’s dividend payout ratio (DPR) is presently 23.72%.

Insiders Place Their Bets

In other news, insider Paul D. Fabara sold 39,350 shares of the company’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $327.20, for a total value of $12,875,320.00. Following the transaction, the insider now owns 26,413 shares of the company’s stock, valued at approximately $8,642,333.60. This represents a 59.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of the company’s stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $345.58, for a total value of $889,868.50. Following the completion of the transaction, the general counsel now directly owns 11,925 shares in the company, valued at $4,121,041.50. The trade was a 17.76% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 121,948 shares of company stock valued at $41,546,299 over the last 90 days. 0.13% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Citigroup assumed coverage on Visa in a research note on Monday. They set a “buy” rating for the company. UBS Group upped their price objective on Visa from $395.00 to $405.00 and gave the stock a “buy” rating in a research report on Wednesday, May 28th. Oppenheimer reaffirmed an “outperform” rating on shares of Visa in a research report on Thursday, February 13th. Susquehanna reaffirmed a “positive” rating on shares of Visa in a research report on Friday, March 21st. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of Visa in a research report on Thursday, February 13th. Five investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $372.80.

About Visa

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.