CMH Wealth Management LLC Purchases 735 Shares of Visa Inc (V)
CMH Wealth Management LLC lifted its position in Visa Inc (NYSE:V) by 3.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,160 shares of the credit-card processor’s stock after purchasing an additional 735 shares during the quarter. Visa accounts for 1.8% of CMH Wealth Management LLC’s portfolio, making the stock its 20th largest position. CMH Wealth Management LLC’s holdings in Visa were worth $2,924,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Highwater Wealth Management LLC bought a new stake in Visa in the fourth quarter valued at $33,000. Contravisory Investment Management Inc. grew its position in Visa by 180.9% in the fourth quarter. Contravisory Investment Management Inc. now owns 396 shares of the credit-card processor’s stock valued at $52,000 after acquiring an additional 255 shares during the period. G&S Capital LLC grew its position in Visa by 86.0% in the fourth quarter. G&S Capital LLC now owns 519 shares of the credit-card processor’s stock valued at $68,000 after acquiring an additional 240 shares during the period. Quadrant Private Wealth Management LLC bought a new stake in Visa in the third quarter valued at $200,000. Finally, O Dell Group LLC bought a new stake in Visa in the third quarter valued at $200,000. Institutional investors and hedge funds own 80.38% of the company’s stock.
In other news, Vice Chairman Ellen Richey sold 81,005 shares of the company’s stock in a transaction on Thursday, February 7th. The stock was sold at an average price of $139.99, for a total transaction of $11,339,889.95. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP James H. Hoffmeister sold 6,480 shares of the company’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $151.00, for a total value of $978,480.00. Following the transaction, the senior vice president now directly owns 6,480 shares in the company, valued at approximately $978,480. The disclosure for this sale can be found here. Insiders have sold 102,485 shares of company stock worth $14,568,370 in the last ninety days. 0.17% of the stock is currently owned by insiders.
Visa (NYSE:V) last issued its quarterly earnings results on Wednesday, January 30th. The credit-card processor reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.05. Visa had a return on equity of 39.32% and a net margin of 50.61%. The business had revenue of $5.51 billion for the quarter, compared to analyst estimates of $5.41 billion. During the same quarter in the prior year, the firm posted $1.08 earnings per share. The firm’s revenue for the quarter was up 13.2% compared to the same quarter last year. Research analysts anticipate that Visa Inc will post 5.32 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, March 5th. Stockholders of record on Friday, February 15th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.64%. The ex-dividend date was Thursday, February 14th. Visa’s dividend payout ratio (DPR) is presently 21.69%.
A number of analysts have weighed in on the company. Wedbush upped their price target on Visa from $150.00 to $162.00 and gave the company an “outperform” rating in a research report on Thursday. reiterated a “buy” rating on shares of Visa in a research report on Tuesday, February 12th. SunTrust Banks reiterated an “outperform” rating and issued a $250.00 price target on shares of Visa in a research report on Friday, February 1st. Cantor Fitzgerald restated a “buy” rating and set a $160.00 target price on shares of Visa in a report on Thursday, January 31st. Finally, Jefferies Financial Group assumed coverage on Visa in a report on Monday, January 28th. They set a “buy” rating and a $135.99 target price on the stock. One investment analyst has rated the stock with a hold rating and twenty-eight have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $163.23.
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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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