Peak Financial Advisors LLC has made a significant investment by purchasing **7,006 shares** of **Visa Inc.** (NYSE: V) during the third quarter of 2023. This acquisition, reported in the fund’s recent Form 13F filing with the **Securities and Exchange Commission**, is valued at approximately **$2.39 million**. Visa now constitutes about **1.1%** of Peak Financial Advisors’ portfolio, ranking as its **26th largest holding**.
Several other investment firms have also adjusted their positions in Visa recently. **BankPlus Wealth Management LLC** increased its holdings by **0.9%** during the second quarter, acquiring an additional **29 shares** and bringing its total to **3,338 shares** worth **$1.19 million**. Similarly, **Transcendent Capital Group LLC** expanded its stake by **2.9%**, now owning **1,013 shares** valued at **$360,000** following a purchase of **29 shares**.
**Insight Wealth Strategies LLC** enhanced its position in Visa by **1.6%** during the third quarter, increasing its total to **1,875 shares** worth **$640,000**. **Old Port Advisors** raised its stake by **0.9%**, resulting in **3,423 shares** valued at approximately **$1.17 million**. **Interchange Capital Partners LLC** also lifted its position by **0.5%**, now holding **6,413 shares** valued at **$2.28 million**. Collectively, hedge funds and institutional investors own about **82.15%** of Visa’s stock.
Analysts Remain Optimistic
Visa’s stock has garnered positive attention from Wall Street analysts. **Weiss Ratings** reaffirmed a **“buy (b)”** rating on **October 8, 2023**, while **Citigroup** upgraded Visa to a **“strong-buy”** rating on **October 23, 2023**. **Macquarie** reduced its target price from **$425.00** to **$410.00** but maintained an **“outperform”** rating. **Raymond James Financial** also reiterated an **“outperform”** rating, increasing its price target to **$408.00** from **$398.00**. **UBS Group** set a target price of **$425.00**, affirming its **“buy”** rating.
According to **MarketBeat.com**, five analysts have rated Visa as a **strong buy**, while nineteen have given it a **buy** rating and four have suggested a **hold**. The stock currently has an average target price of **$402.52**.
Visa’s Stock Performance and Earnings
On Friday, Visa’s shares opened at **$349.45**. The company maintains a **debt-to-equity ratio** of **0.53**, with a **quick ratio** and **current ratio** both at **1.08**. Visa’s stock has a **50-day moving average** of **$337.48** and a **200-day moving average** of **$344.79**. The company’s market capitalization stands at **$636.61 billion**, with a **P/E ratio** of **34.23** and a **P/E/G ratio** of **2.04**.
Visa’s recent earnings report, released on **October 28, 2023**, revealed earnings of **$2.98** per share, surpassing analysts’ expectations of **$2.97**. The company’s revenue for the quarter reached **$10.72 billion**, exceeding projections of **$10.60 billion** and reflecting an **11.5%** year-over-year increase. Analysts forecast that Visa will achieve an **EPS** of **11.3** for the current fiscal year.
In addition to strong earnings, Visa declared a quarterly dividend of **$0.67** per share, which was paid on **December 1, 2023**, to shareholders of record as of **November 12, 2023**. This marks an increase from the previous quarterly dividend of **$0.59**, resulting in an annualized dividend of **$2.68** and a yield of **0.8%**. Visa’s payout ratio is currently **26.25%**.
Insider Transactions
In recent insider trading activity, **Lloyd Carney**, a director at Visa, sold **900 shares** on **November 4, 2023**, at an average price of **$336.48**, totaling **$302,832.00**. Following this transaction, Carney’s remaining stake is approximately **2,468 shares**, valued at around **$830,432.64**, representing a **26.72%** decrease in his position.
Additionally, **Paul D. Fabara**, another insider, sold **2,172 shares** on **November 21, 2023**, for an average price of **$325.93**, amounting to **$707,919.96**. After this sale, Fabara’s ownership decreased by **7.60%**, leaving him with **26,413 shares** valued at approximately **$8.61 million**. Over the past ninety days, insiders have sold a total of **24,042 shares** worth **$8.18 million**. Insiders currently hold **0.12%** of Visa’s stock.
About Visa Inc.
Visa Inc. is a leading global payments technology company that facilitates electronic funds transfers and digital commerce, connecting consumers, merchants, financial institutions, and governments. Operating one of the world’s largest payment networks, Visa provides processing, authorization, clearing, and settlement services for credit, debit, and prepaid card transactions.
Through its network-based model, Visa enables partner banks and issuers to offer branded payment products while focusing on the infrastructure and technologies that securely move money worldwide. Its offerings include a wide array of payment products, real-time push-payment capabilities, tokenization, fraud management tools, and data analytics services.
For further insights into Visa’s financial activities, investors can visit **HoldingsChannel.com** for the latest **13F filings** and insider trades related to the company.
