Linscomb Wealth Inc. Has $12.69 Million Position in Visa Inc. (NYSE:V)

Linscomb Wealth Inc. lifted its position in Visa Inc. (NYSE:V) by 1.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,148 shares of the credit-card processor’s stock after acquiring an additional 391 shares during the period. Visa makes up approximately 0.6% of Linscomb Wealth Inc.’s holdings, making the stock its 24th biggest holding. Linscomb Wealth Inc.’s holdings in Visa were worth $12,688,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. QRG Capital Management Inc. lifted its holdings in Visa by 8.9% during the fourth quarter. QRG Capital Management Inc. now owns 234,873 shares of the credit-card processor’s stock worth $74,229,000 after acquiring an additional 19,133 shares in the last quarter. AWM Capital LLC increased its holdings in shares of Visa by 30.7% in the fourth quarter. AWM Capital LLC now owns 1,040 shares of the credit-card processor’s stock worth $329,000 after acquiring an additional 244 shares in the last quarter. Versor Investments LP bought a new position in shares of Visa during the 4th quarter valued at about $534,000. Crown Wealth Group LLC lifted its holdings in shares of Visa by 1.4% during the 4th quarter. Crown Wealth Group LLC now owns 3,439 shares of the credit-card processor’s stock valued at $1,087,000 after purchasing an additional 47 shares in the last quarter. Finally, Motiv8 Investments LLC grew its position in shares of Visa by 30.3% in the 4th quarter. Motiv8 Investments LLC now owns 3,868 shares of the credit-card processor’s stock valued at $1,222,000 after purchasing an additional 899 shares during the period. Institutional investors own 82.15% of the company’s stock.

Visa Stock Up 2.1 %

V stock opened at $363.33 on Friday. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $364.00. The business’s 50 day simple moving average is $333.03 and its 200 day simple moving average is $305.34. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $674.99 billion, a PE ratio of 36.63, a PEG ratio of 2.33 and a beta of 0.97.

Visa (NYSE:V) last released its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, beating the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. As a group, research analysts anticipate that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders 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 0.65%. Visa’s dividend payout ratio (DPR) is presently 23.79%.

Analysts Set New Price Targets

Several analysts have commented on V shares. William Blair restated an “outperform” rating on shares of Visa in a report on Friday, January 31st. Barclays raised their price objective on shares of Visa from $361.00 to $396.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Susquehanna upped their target price on shares of Visa from $395.00 to $410.00 and gave the stock a “positive” rating in a research note on Friday, February 21st. Mizuho lifted their price target on Visa from $279.00 to $292.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Finally, Keefe, Bruyette & Woods restated a “hold” rating on shares of Visa in a report on Thursday, February 13th. Six analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Visa presently has a consensus rating of “Moderate Buy” and a consensus target price of $353.96.

Insider Transactions at Visa

In related news, insider Tullier Kelly Mahon sold 33,741 shares of the firm’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the transaction, the insider now directly owns 36,566 shares of the company’s stock, valued at approximately $12,789,689.82. This trade represents a 47.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Peter M. Andreski sold 2,332 shares of the business’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.62, for a total transaction of $815,313.84. Following the completion of the sale, the chief accounting officer now directly owns 4,488 shares of the company’s stock, valued at $1,569,094.56. This represents a 34.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 55,885 shares of company stock worth $19,161,447 over the last quarter. Company insiders own 0.13% of the company’s stock.

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.