Canvas Wealth Advisors LLC Purchases 68 Shares of Visa Inc. (NYSE:V)

Canvas Wealth Advisors LLC raised its position in shares of Visa Inc. (NYSE:V) by 3.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,164 shares of the credit-card processor’s stock after purchasing an additional 68 shares during the period. Canvas Wealth Advisors LLC’s holdings in Visa were worth $684,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of V. Peterson Financial Group Inc. purchased a new stake in shares of Visa during the third quarter worth $26,000. Decker Retirement Planning Inc. purchased a new stake in shares of Visa during the fourth quarter worth $26,000. Reston Wealth Management LLC purchased a new stake in shares of Visa during the third quarter worth $31,000. Modus Advisors LLC purchased a new stake in shares of Visa during the fourth quarter worth $32,000. Finally, Sugar Maple Asset Management LLC purchased a new stake in shares of Visa during the fourth quarter worth $44,000. 82.15% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Tullier Kelly Mahon sold 33,741 shares of the firm’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $349.77, for a total value of $11,801,589.57. Following the sale, the insider now directly owns 36,566 shares of the company’s stock, valued at $12,789,689.82. This trade represents a 47.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Julie B. Rottenberg sold 2,572 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $340.00, for a total value of $874,480.00. Following the completion of the sale, the general counsel now directly owns 11,925 shares in the company, valued at $4,054,500. The trade was a 17.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 58,056 shares of company stock valued at $19,830,050 over the last ninety days. 0.13% of the stock is owned by insiders.

Visa Stock Down 0.1 %

Shares of NYSE:V opened at $350.88 on Wednesday. The stock’s 50-day moving average price is $321.77 and its 200-day moving average price is $296.88. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $352.12. The stock has a market capitalization of $651.85 billion, a P/E ratio of 35.37, a price-to-earnings-growth ratio of 2.32 and a beta of 0.97. The company has a current ratio of 1.12, a quick ratio of 1.28 and a debt-to-equity ratio of 0.45.

Visa (NYSE:V) last announced its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 anticipate that Visa Inc. will post 11.27 earnings per share for the current year.

Visa Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts have issued reports on V shares. Citigroup increased their target price on Visa from $354.00 to $393.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. UBS Group increased their price objective on Visa from $350.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Seaport Res Ptn upgraded Visa from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Macquarie increased their price objective on Visa from $300.00 to $335.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Finally, Bank of America increased their price objective on Visa from $331.00 to $363.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Four equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $354.73.

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.