Pacific Wealth Strategies Group Inc. Has $1.58 Million Stock Holdings in Visa Inc. (NYSE:V)

Pacific Wealth Strategies Group Inc. raised its holdings in Visa Inc. (NYSE:V) by 1.1% in the 4th quarter, HoldingsChannel reports. The fund owned 5,004 shares of the credit-card processor’s stock after acquiring an additional 52 shares during the period. Visa comprises approximately 1.1% of Pacific Wealth Strategies Group Inc.’s holdings, making the stock its 21st biggest position. Pacific Wealth Strategies Group Inc.’s holdings in Visa were worth $1,582,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Decker Retirement Planning Inc. acquired a new position in shares of Visa in the 4th quarter worth approximately $26,000. Peterson Financial Group Inc. bought a new position in Visa during the third quarter worth $26,000. Modus Advisors LLC acquired a new position in Visa in the fourth quarter valued at $32,000. Reston Wealth Management LLC bought a new stake in Visa during the third quarter valued at $31,000. Finally, Sugar Maple Asset Management LLC acquired a new stake in Visa during the 4th quarter worth about $44,000. Institutional investors own 82.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on V. BMO Capital Markets upped their target price on Visa from $310.00 to $320.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Barclays increased their price target on Visa from $361.00 to $396.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Raymond James reiterated an “outperform” rating and issued a $393.00 price objective (up previously from $374.00) on shares of Visa in a research note on Friday, January 31st. Jefferies Financial Group boosted their target price on shares of Visa from $320.00 to $330.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, Oppenheimer lifted their price target on shares of Visa from $375.00 to $390.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Four analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $354.73.

Insider Buying and Selling

In related news, CAO Peter M. Andreski sold 2,332 shares of the business’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $349.62, for a total value of $815,313.84. Following the sale, the chief accounting officer now directly owns 4,488 shares in the company, valued at approximately $1,569,094.56. The trade was a 34.19 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Tullier Kelly Mahon sold 33,741 shares of the stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the transaction, the insider now owns 36,566 shares of the company’s stock, valued at $12,789,689.82. This represents a 47.99 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 58,056 shares of company stock worth $19,830,050. Insiders own 0.13% of the company’s stock.

Visa Price Performance

Visa stock opened at $351.26 on Tuesday. The stock has a market cap of $652.56 billion, a P/E ratio of 35.41, a P/E/G ratio of 2.32 and a beta of 0.97. The company has a quick ratio of 1.28, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The company’s 50 day moving average price is $321.08 and its two-hundred day moving average price is $296.19. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $351.90.

Visa (NYSE:V) last posted its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. On average, equities analysts predict that Visa Inc. will post 11.27 earnings per share for the current year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 11th will be given a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.67%. Visa’s payout ratio is currently 23.79%.

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.