Visa Inc. (NYSE:V) Shares Bought by Beese Fulmer Investment Management Inc.

Beese Fulmer Investment Management Inc. grew its holdings in shares of Visa Inc. (NYSE:VGet Rating) by 12.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,177 shares of the credit-card processor’s stock after purchasing an additional 476 shares during the period. Beese Fulmer Investment Management Inc.’s holdings in Visa were worth $822,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Ardevora Asset Management LLP increased its position in Visa by 16,298.4% during the 2nd quarter. Ardevora Asset Management LLP now owns 278,772 shares of the credit-card processor’s stock worth $54,887,000 after purchasing an additional 277,072 shares during the period. RBA Wealth Management LLC grew its holdings in shares of Visa by 2.4% in the 2nd quarter. RBA Wealth Management LLC now owns 19,668 shares of the credit-card processor’s stock worth $3,872,000 after acquiring an additional 461 shares during the period. Salvus Wealth Management LLC grew its holdings in shares of Visa by 2.2% in the 2nd quarter. Salvus Wealth Management LLC now owns 2,801 shares of the credit-card processor’s stock worth $551,000 after acquiring an additional 59 shares during the period. Sanders Morris Harris LLC grew its holdings in shares of Visa by 0.6% in the 2nd quarter. Sanders Morris Harris LLC now owns 9,090 shares of the credit-card processor’s stock worth $1,802,000 after acquiring an additional 50 shares during the period. Finally, Thrive Wealth Management LLC grew its holdings in shares of Visa by 20.9% in the 2nd quarter. Thrive Wealth Management LLC now owns 6,584 shares of the credit-card processor’s stock worth $1,296,000 after acquiring an additional 1,139 shares during the period. Institutional investors and hedge funds own 81.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on V. Royal Bank of Canada lowered their price target on Visa from $278.00 to $262.00 in a report on Wednesday, July 27th. Daiwa Capital Markets cut Visa from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $230.00 to $225.00 in a report on Tuesday, August 16th. Susquehanna Bancshares lowered their price target on Visa from $290.00 to $260.00 in a report on Thursday, July 28th. Wolfe Research lowered their price target on Visa from $285.00 to $260.00 in a report on Wednesday, July 20th. Finally, Citigroup lowered their price target on Visa from $270.00 to $254.00 in a report on Tuesday, July 26th. Four research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $257.64.

Visa Stock Performance

NYSE V opened at $193.30 on Monday. The firm has a market capitalization of $365.42 billion, a P/E ratio of 28.51, a P/E/G ratio of 1.56 and a beta of 0.90. Visa Inc. has a 1-year low of $185.91 and a 1-year high of $236.96. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.43 and a quick ratio of 1.43. The business’s 50-day simple moving average is $207.53 and its 200-day simple moving average is $207.32.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Friday, August 12th were paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 0.78%. The ex-dividend date was Thursday, August 11th. Visa’s dividend payout ratio is currently 22.12%.

Insider Activity

In other news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of Visa stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $212.11, for a total value of $1,908,990.00. Following the transaction, the chief executive officer now directly owns 156,887 shares of the company’s stock, valued at approximately $33,277,301.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.21% of the company’s stock.

Visa Company Profile

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Visa Inc operates as a payments technology company worldwide. The company facilitates digital payments among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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