Consolidated Planning Corp Acquires 2,315 Shares of Visa Inc. (NYSE:V)

Consolidated Planning Corp raised its holdings in Visa Inc. (NYSE:VFree Report) by 27.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,720 shares of the credit-card processor’s stock after acquiring an additional 2,315 shares during the quarter. Consolidated Planning Corp’s holdings in Visa were worth $2,992,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of V. Financial Gravity Asset Management Inc. boosted its holdings in Visa by 1,148.0% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 8,599 shares of the credit-card processor’s stock valued at $1,978,000 after purchasing an additional 7,910 shares during the period. Revisor Wealth Management LLC bought a new stake in shares of Visa in the 3rd quarter worth approximately $931,000. Creative Planning grew its holdings in shares of Visa by 7.8% during the 3rd quarter. Creative Planning now owns 519,481 shares of the credit-card processor’s stock worth $119,486,000 after purchasing an additional 37,446 shares in the last quarter. Mezzasalma Advisors LLC increased its position in shares of Visa by 1.4% during the third quarter. Mezzasalma Advisors LLC now owns 26,722 shares of the credit-card processor’s stock valued at $6,146,000 after purchasing an additional 360 shares during the period. Finally, Spartan Planning & Wealth Management acquired a new position in shares of Visa in the third quarter valued at $316,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insider Transactions at Visa

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

Visa Trading Down 0.2 %

Shares of NYSE:V traded down $0.52 during trading on Tuesday, hitting $265.88. 543,995 shares of the company’s stock were exchanged, compared to its average volume of 6,792,605. 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 $486.28 billion, a P/E ratio of 29.74, a PEG ratio of 1.85 and a beta of 0.95. The firm has a 50-day moving average price of $273.13 and a two-hundred day moving average price of $273.96. Visa Inc. has a 1-year low of $227.68 and a 1-year high of $290.96.

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

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Friday, May 17th were given a $0.52 dividend. The ex-dividend date was Thursday, May 16th. This represents a $2.08 annualized dividend and a dividend yield of 0.78%. Visa’s dividend payout ratio is presently 23.24%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. William Blair restated an “outperform” rating on shares of Visa in a research note on Wednesday, April 24th. Redburn Atlantic reissued a “neutral” rating and issued a $307.00 price target on shares of Visa in a research report on Wednesday, March 27th. Robert W. Baird lifted their price objective on Visa from $314.00 to $320.00 and gave the company an “outperform” rating in a report on Wednesday, April 17th. Mizuho increased their target price on Visa from $265.00 to $275.00 and gave the stock a “neutral” rating in a report on Thursday, May 2nd. Finally, UBS Group raised their target price on Visa from $315.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Five equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $303.56.

View Our Latest Stock Report on V

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.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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