Acorn Creek Capital LLC Increases Holdings in Visa Inc. (NYSE:V)

Acorn Creek Capital LLC boosted its position in Visa Inc. (NYSE:VFree Report) by 31.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,596 shares of the credit-card processor’s stock after purchasing an additional 382 shares during the period. Acorn Creek Capital LLC’s holdings in Visa were worth $504,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Peterson Financial Group Inc. purchased a new position in shares of Visa in the third quarter valued at $26,000. Decker Retirement Planning Inc. acquired a new stake in Visa in the 4th quarter valued at about $26,000. Reston Wealth Management LLC acquired a new position in Visa during the third quarter worth about $31,000. Modus Advisors LLC acquired a new stake in shares of Visa in the fourth quarter valued at approximately $32,000. Finally, West Financial Advisors LLC raised its position in shares of Visa by 101.4% during the 3rd quarter. West Financial Advisors LLC now owns 145 shares of the credit-card processor’s stock worth $40,000 after purchasing an additional 73 shares during the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.

Visa Price Performance

Shares of NYSE V opened at $343.26 on Friday. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $639.46 billion, a price-to-earnings ratio of 35.28, a price-to-earnings-growth ratio of 2.17 and a beta of 0.96. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $344.44. The business has a 50 day simple moving average of $316.43 and a 200-day simple moving average of $292.09.

Visa (NYSE:VGet Free Report) last announced its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, beating analysts’ consensus estimates of $2.66 by $0.09. Visa had a net margin of 54.96% and a return on equity of 53.16%. As a group, equities research analysts expect that Visa Inc. will post 11.19 earnings per share for the current year.

Visa Announces Dividend

The business also recently disclosed 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. This represents a $2.36 dividend on an annualized basis and a yield of 0.69%. Visa’s dividend payout ratio is currently 24.25%.

Wall Street Analyst Weigh In

V has been the topic of several recent research reports. Jefferies Financial Group upped their price objective on Visa from $320.00 to $330.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Oppenheimer raised their price target on shares of Visa from $321.00 to $375.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Royal Bank of Canada boosted their price objective on shares of Visa from $311.00 to $322.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Seaport Res Ptn upgraded shares of Visa from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Finally, Piper Sandler boosted their price target on Visa from $322.00 to $368.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Four research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Visa currently has an average rating of “Moderate Buy” and an average price target of $335.52.

View Our Latest Stock Report on V

Insider Buying and Selling

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total transaction of $2,739,263.60. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Paul D. Fabara sold 2,171 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total value of $668,602.87. Following the completion of the transaction, the insider now directly owns 17,894 shares of the company’s stock, valued at approximately $5,510,815.18. The trade was a 10.82 % decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is owned by company insiders.

Visa Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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