Total Wealth Planning & Management Inc. Has $594,000 Stock Position in Visa Inc. $V

by · The Markets Daily

Total Wealth Planning & Management Inc. decreased its stake in Visa Inc. (NYSE:V – Free Report) by 3.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,672 shares of the credit-card processor’s stock after selling 68 shares during the quarter. Total Wealth Planning & Management Inc.’s holdings in Visa were worth $594,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Keystone Global Partners LLC acquired a new stake in Visa during the 1st quarter worth about $26,000. von Borstel & Associates Inc. acquired a new stake in Visa during the 1st quarter worth about $27,000. Family Legacy Financial Solutions LLC acquired a new stake in Visa during the 2nd quarter worth about $28,000. Cranbrook Wealth Management LLC boosted its position in Visa by 82.0% during the 2nd quarter. Cranbrook Wealth Management LLC now owns 91 shares of the credit-card processor’s stock worth $32,000 after acquiring an additional 41 shares during the period. Finally, 1 North Wealth Services LLC acquired a new stake in Visa during the 1st quarter worth about $38,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Robert W. Baird set a $410.00 price objective on Visa and gave the stock an “outperform” rating in a research report on Monday, October 6th. Barclays reaffirmed an “overweight” rating and set a $408.00 price target (up from $396.00) on shares of Visa in a research note on Thursday, July 31st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Visa in a research note on Wednesday, October 8th. Truist Financial cut their price target on Visa from $400.00 to $397.00 and set a “buy” rating for the company in a research note on Thursday, July 17th. Finally, Erste Group Bank downgraded Visa from a “buy” rating to a “hold” rating in a research note on Monday, September 22nd. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Visa presently has a consensus rating of “Moderate Buy” and an average price target of $389.00.

Get Our Latest Stock Report on V

Visa Stock Down 0.2%

Shares of V stock opened at $343.05 on Tuesday. The stock’s 50 day simple moving average is $343.79 and its 200 day simple moving average is $346.97. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.12 and a current ratio of 1.12. Visa Inc. has a twelve month low of $277.99 and a twelve month high of $375.51. The company has a market capitalization of $628.73 billion, a price-to-earnings ratio of 33.50, a PEG ratio of 2.03 and a beta of 0.90.

Visa (NYSE:V – Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share for the quarter, beating analysts’ consensus estimates of $2.85 by $0.13. Visa had a return on equity of 58.93% and a net margin of 52.16%.The business had revenue of $10.17 billion for the quarter, compared to the consensus estimate of $9.82 billion. During the same period last year, the business earned $2.42 EPS. The firm’s revenue was up 14.3% compared to the same quarter last year. As a group, research analysts predict that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, August 12th were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Tuesday, August 12th. Visa’s dividend payout ratio (DPR) is presently 23.05%.

Insider Buying and Selling

In other Visa news, General Counsel Julie B. Rottenberg sold 2,027 shares of the firm’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $344.02, for a total value of $697,328.54. Following the sale, the general counsel owned 11,925 shares of the company’s stock, valued at $4,102,438.50. This trade represents a 14.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Ryan Mcinerney sold 10,485 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $342.30, for a total value of $3,589,015.50. Following the completion of the sale, the chief executive officer directly owned 537 shares in the company, valued at $183,815.10. This trade represents a 95.13% decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is currently 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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