Alta Wealth Advisors LLC Buys 55 Shares of Visa Inc. (NYSE:V)

Alta Wealth Advisors LLC boosted its position in Visa Inc. (NYSE:VFree Report) by 1.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,620 shares of the credit-card processor’s stock after buying an additional 55 shares during the quarter. Alta Wealth Advisors LLC’s holdings in Visa were worth $1,010,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the business. WealthPlan Investment Management LLC lifted its holdings in shares of Visa by 60.5% during the third quarter. WealthPlan Investment Management LLC now owns 5,564 shares of the credit-card processor’s stock valued at $1,280,000 after purchasing an additional 2,098 shares during the last quarter. Ramirez Asset Management Inc. purchased a new position in Visa in the 3rd quarter worth about $2,264,000. Townsquare Capital LLC raised its holdings in shares of Visa by 0.9% during the third quarter. Townsquare Capital LLC now owns 252,872 shares of the credit-card processor’s stock valued at $58,163,000 after purchasing an additional 2,135 shares during the last quarter. Holderness Investments Co. lifted its holdings in shares of Visa by 0.8% during the 3rd quarter. Holderness Investments Co. now owns 6,987 shares of the credit-card processor’s stock valued at $1,607,000 after buying an additional 55 shares during the period. Finally, Stonebridge Capital Advisors LLC boosted its position in Visa by 1.3% in the third quarter. Stonebridge Capital Advisors LLC now owns 62,319 shares of the credit-card processor’s stock worth $14,334,000 after purchasing an additional 827 shares during the last quarter. Institutional investors own 82.15% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Citigroup increased their price objective on shares of Visa from $314.00 to $321.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Oppenheimer boosted their target price on shares of Visa from $297.00 to $299.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Mizuho lifted their price objective on shares of Visa from $265.00 to $275.00 and gave the stock a “neutral” rating in a research note on Thursday, May 2nd. Robert W. Baird upped their target price on Visa from $314.00 to $320.00 and gave the company an “outperform” rating in a research note on Wednesday, April 17th. Finally, UBS Group upped their target price on shares of Visa from $315.00 to $325.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Five analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. Based on data from MarketBeat, Visa currently has a consensus rating of “Moderate Buy” and a consensus price target of $303.56.

Read Our Latest Report on Visa

Insider Transactions at Visa

In other news, Director Lloyd Carney sold 909 shares of Visa stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $275.55, for a total transaction of $250,474.95. Following the sale, the director now owns 2,591 shares of the company’s stock, valued at approximately $713,950.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Paul D. Fabara sold 25,293 shares of the firm’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $277.15, for a total value of $7,009,954.95. Following the transaction, the insider now directly owns 17,894 shares in the company, valued at approximately $4,959,322.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lloyd Carney sold 909 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $275.55, for a total transaction of $250,474.95. Following the completion of the sale, the director now directly owns 2,591 shares of the company’s stock, valued at approximately $713,950.05. The disclosure for this sale can be found here. 0.19% of the stock is owned by corporate insiders.

Visa Price Performance

V stock traded up $1.37 on Friday, hitting $270.36. 7,986,435 shares of the company’s stock traded hands, compared to its average volume of 9,135,279. Visa Inc. has a 1-year low of $227.68 and a 1-year high of $290.96. The stock has a fifty day moving average of $273.24 and a 200-day moving average of $273.80. The stock has a market cap of $494.47 billion, a price-to-earnings ratio of 30.21, a P/E/G ratio of 1.85 and a beta of 0.95. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.53.

Visa (NYSE:VGet Free Report) last released its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share for the quarter, beating the consensus estimate of $2.43 by $0.08. The company had revenue of $8.78 billion for the quarter, compared to analysts’ expectations of $8.62 billion. Visa had a return on equity of 51.23% and a net margin of 53.87%. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.09 EPS. On average, analysts forecast that Visa Inc. will post 9.94 EPS for the current fiscal year.

Visa Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Friday, May 17th were issued a dividend of $0.52 per share. The ex-dividend date was Thursday, May 16th. This represents a $2.08 annualized dividend and a yield of 0.77%. Visa’s dividend payout ratio (DPR) is currently 23.24%.

About Visa

(Free Report)

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.

Further Reading

Institutional Ownership by Quarter for Visa (NYSE:V)

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