Visa Inc. (NYSE:V) Stock Position Boosted by Stokes Capital Advisors LLC

Stokes Capital Advisors LLC boosted its position in Visa Inc. (NYSE:VGet Rating) by 3.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,919 shares of the credit-card processor’s stock after buying an additional 1,186 shares during the period. Visa makes up about 2.3% of Stokes Capital Advisors LLC’s holdings, making the stock its 10th biggest position. Stokes Capital Advisors LLC’s holdings in Visa were worth $6,481,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cross Staff Investments Inc raised its stake in shares of Visa by 0.7% during the 1st quarter. Cross Staff Investments Inc now owns 6,801 shares of the credit-card processor’s stock worth $1,508,000 after buying an additional 47 shares during the last quarter. Physicians Financial Services Inc. raised its stake in shares of Visa by 0.3% during the 1st quarter. Physicians Financial Services Inc. now owns 19,388 shares of the credit-card processor’s stock worth $4,300,000 after buying an additional 49 shares during the last quarter. Westhampton Capital LLC increased its position in Visa by 3.4% during the 1st quarter. Westhampton Capital LLC now owns 1,510 shares of the credit-card processor’s stock worth $335,000 after purchasing an additional 50 shares in the last quarter. Sanders Morris Harris LLC increased its position in Visa by 0.6% during the 2nd quarter. Sanders Morris Harris LLC now owns 9,090 shares of the credit-card processor’s stock worth $1,802,000 after purchasing an additional 50 shares in the last quarter. Finally, Alhambra Investment Partners LLC increased its position in Visa by 1.0% during the 1st quarter. Alhambra Investment Partners LLC now owns 5,273 shares of the credit-card processor’s stock worth $1,169,000 after purchasing an additional 52 shares in the last quarter. 81.49% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on V. Wolfe Research dropped their price objective on Visa from $285.00 to $260.00 in a research report on Wednesday, July 20th. Piper Sandler dropped their price objective on Visa from $239.00 to $204.00 and set an “overweight” rating for the company in a research report on Wednesday, July 6th. Barclays lifted their price objective on Visa from $263.00 to $271.00 and gave the stock an “overweight” rating in a research report on Thursday, July 28th. Mizuho dropped their price objective on Visa from $235.00 to $215.00 and set a “neutral” rating for the company in a research report on Friday, July 1st. Finally, Wells Fargo & Company dropped their price objective on Visa from $280.00 to $255.00 and set an “overweight” rating for the company in a research report on Wednesday, July 13th. Four equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $257.64.

Visa Stock Down 0.7 %

Shares of NYSE:V opened at $185.79 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.43 and a current ratio of 1.43. Visa Inc. has a 1 year low of $184.66 and a 1 year high of $236.96. The stock has a market capitalization of $351.22 billion, a P/E ratio of 27.40, a PEG ratio of 1.51 and a beta of 0.90. The stock has a 50-day simple moving average of $206.30 and a 200-day simple moving average of $206.99.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Friday, August 12th were given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend was Thursday, August 11th. Visa’s dividend payout ratio (DPR) is presently 22.12%.

Insider Buying and Selling

In related news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the business’s stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $212.11, for a total transaction 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 this hyperlink. 0.21% of the stock is currently owned by corporate insiders.

Visa 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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