Bray Capital Advisors Sells 39 Shares of Visa Inc. (NYSE:V)

Bray Capital Advisors lessened its stake in shares of Visa Inc. (NYSE:VFree Report) by 0.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,786 shares of the credit-card processor’s stock after selling 39 shares during the quarter. Visa accounts for about 1.8% of Bray Capital Advisors’ investment portfolio, making the stock its 14th largest position. Bray Capital Advisors’ holdings in Visa were worth $6,917,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also modified their holdings of the company. Livelsberger Financial Advisory bought a new position in shares of Visa during the 4th quarter worth approximately $25,000. Westend Capital Management LLC acquired a new stake in Visa during the 1st quarter valued at $25,000. O Brien Wealth Partners LLC acquired a new stake in Visa during the 4th quarter valued at $32,000. Frank Rimerman Advisors LLC acquired a new stake in Visa during the 4th quarter valued at $33,000. Finally, Valued Wealth Advisors LLC acquired a new stake in Visa during the 4th quarter valued at $37,000. Institutional investors own 82.15% of the company’s stock.

Visa Stock Performance

V stock opened at $270.36 on Friday. The business’s 50-day moving average price is $273.24 and its two-hundred day moving average price is $273.80. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.53. The firm has a market cap of $494.47 billion, a PE ratio of 30.21, a P/E/G ratio of 1.85 and a beta of 0.95. Visa Inc. has a 1-year low of $227.68 and a 1-year high of $290.96.

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

Visa Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on V. Evercore ISI dropped their price target on Visa from $335.00 to $330.00 and set an “outperform” rating for the company in a report on Tuesday, June 25th. Citigroup raised their price target on Visa from $314.00 to $321.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Oppenheimer raised their price target on Visa from $297.00 to $299.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Mizuho raised their price target on Visa from $265.00 to $275.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. Finally, William Blair reissued an “outperform” rating on shares of Visa 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’s stock. Based on data from MarketBeat.com, Visa presently has an average rating of “Moderate Buy” and an average target price of $303.56.

Get Our Latest Research Report on Visa

Insider Activity

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

Visa Profile

(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.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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