Evermay Wealth Management LLC Buys 5,012 Shares of Visa (V)

Evermay Wealth Management LLC increased its stake in shares of Visa (NYSE:V) by 199.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,529 shares of the credit-card processor’s stock after acquiring an additional 5,012 shares during the quarter. Evermay Wealth Management LLC’s holdings in Visa were worth $858,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. Roble Belko & Company Inc grew its position in shares of Visa by 220.8% in the 4th quarter. Roble Belko & Company Inc now owns 879 shares of the credit-card processor’s stock worth $100,000 after buying an additional 605 shares during the last quarter. Fusion Family Wealth LLC grew its position in shares of Visa by 138.8% in the 4th quarter. Fusion Family Wealth LLC now owns 955 shares of the credit-card processor’s stock worth $109,000 after buying an additional 555 shares during the last quarter. Welch Investments LLC bought a new stake in shares of Visa in the 3rd quarter worth approximately $101,000. Massey Quick Simon & CO. LLC bought a new stake in shares of Visa in the 3rd quarter worth approximately $110,000. Finally, Burt Wealth Advisors grew its position in shares of Visa by 91.3% in the 3rd quarter. Burt Wealth Advisors now owns 1,492 shares of the credit-card processor’s stock worth $157,000 after buying an additional 712 shares during the last quarter. Institutional investors and hedge funds own 81.58% of the company’s stock.

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In other news, EVP Lynne Biggar sold 1,712 shares of the business’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $120.00, for a total value of $205,440.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.14% of the stock is owned by insiders.



V stock opened at $121.27 on Wednesday. Visa has a 1-year low of $90.98 and a 1-year high of $126.88. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.07 and a quick ratio of 2.07. The firm has a market capitalization of $255,918.70, a PE ratio of 34.85, a price-to-earnings-growth ratio of 1.65 and a beta of 0.98.

Visa (NYSE:V) last posted its quarterly earnings results on Thursday, February 1st. The credit-card processor reported $1.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.98 by $0.10. Visa had a return on equity of 32.97% and a net margin of 38.12%. The firm had revenue of $4.86 billion during the quarter, compared to analysts’ expectations of $4.82 billion. During the same quarter in the previous year, the business earned $0.86 earnings per share. The company’s revenue was up 9.0% on a year-over-year basis. research analysts anticipate that Visa will post 4.39 EPS for the current fiscal year.

Visa declared that its board has authorized a stock buyback program on Thursday, February 1st that allows the company to repurchase $7.50 billion in shares. This repurchase authorization allows the credit-card processor to buy shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 5th. Stockholders of record on Friday, May 18th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend is Thursday, May 17th. Visa’s dividend payout ratio is currently 24.14%.

A number of equities research analysts have recently weighed in on V shares. Susquehanna Bancshares lifted their price objective on Visa from $126.00 to $148.00 in a research report on Thursday, December 28th. Cowen restated a “buy” rating and set a $129.00 price target on shares of Visa in a research report on Friday, January 12th. Citigroup restated a “buy” rating and set a $136.00 price target (up from $124.00) on shares of Visa in a research report on Friday, January 12th. Stephens restated a “buy” rating and set a $135.00 price target on shares of Visa in a research report on Wednesday, January 10th. Finally, Credit Suisse Group set a $129.00 price target on Visa and gave the company a “buy” rating in a research report on Monday, January 8th. Three equities research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company. Visa presently has an average rating of “Buy” and a consensus price target of $135.19.

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Visa Profile

Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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