Visa Inc. (NYSE:V) is McDonough Capital Management Inc’s 7th Largest Position

McDonough Capital Management Inc raised its holdings in shares of Visa Inc. (NYSE:V) by 0.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,064 shares of the credit-card processor’s stock after buying an additional 146 shares during the quarter. Visa comprises about 5.7% of McDonough Capital Management Inc’s portfolio, making the stock its 7th biggest holding. McDonough Capital Management Inc’s holdings in Visa were worth $8,784,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Hirtle Callaghan & Co LLC increased its position in Visa by 1.3% in the 4th quarter. Hirtle Callaghan & Co LLC now owns 2,291 shares of the credit-card processor’s stock worth $724,000 after purchasing an additional 29 shares during the last quarter. FWL Investment Management LLC increased its position in Visa by 0.5% in the 4th quarter. FWL Investment Management LLC now owns 6,344 shares of the credit-card processor’s stock worth $2,005,000 after purchasing an additional 29 shares during the last quarter. Elevation Wealth Partners LLC increased its position in Visa by 3.3% in the 4th quarter. Elevation Wealth Partners LLC now owns 939 shares of the credit-card processor’s stock worth $297,000 after purchasing an additional 30 shares during the last quarter. Warther Private Wealth LLC increased its position in Visa by 1.0% in the 4th quarter. Warther Private Wealth LLC now owns 2,935 shares of the credit-card processor’s stock worth $928,000 after purchasing an additional 30 shares during the last quarter. Finally, Valmark Advisers Inc. increased its position in Visa by 0.4% in the 4th quarter. Valmark Advisers Inc. now owns 7,251 shares of the credit-card processor’s stock worth $2,292,000 after purchasing an additional 30 shares during the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Visa Price Performance

Shares of NYSE:V opened at $370.44 on Monday. The business has a 50 day moving average price of $345.45 and a 200 day moving average price of $335.88. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $371.83. The company has a market cap of $683.52 billion, a price-to-earnings ratio of 37.34, a PEG ratio of 2.33 and a beta of 0.94. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45.

Visa (NYSE:V) last announced its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 EPS for the quarter, topping analysts’ consensus estimates of $2.68 by $0.08. Visa had a return on equity of 54.79% and a net margin of 54.27%. The company had revenue of $9.59 billion during the quarter, compared to the consensus estimate of $9.57 billion. During the same quarter last year, the company earned $2.51 EPS. The company’s quarterly revenue was up 9.3% on a year-over-year basis. Research analysts predict that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th were given a $0.59 dividend. The ex-dividend date was Tuesday, May 13th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.64%. Visa’s dividend payout ratio is currently 23.72%.

Insiders Place Their Bets

In related news, General Counsel Julie B. Rottenberg sold 2,575 shares of the firm’s stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $345.58, for a total transaction of $889,868.50. Following the completion of the transaction, the general counsel now owns 11,925 shares in the company, valued at $4,121,041.50. This trade represents a 17.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paul D. Fabara sold 46,214 shares of the firm’s stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $370.00, for a total value of $17,099,180.00. Following the transaction, the insider now owns 26,413 shares of the company’s stock, valued at $9,772,810. This trade represents a 63.63% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 168,162 shares of company stock worth $58,645,479. 0.13% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages have weighed in on V. Citigroup began coverage on Visa in a research report on Monday, June 2nd. They issued a “buy” rating on the stock. Oppenheimer reaffirmed an “outperform” rating on shares of Visa in a research report on Thursday, February 13th. Mizuho raised Visa from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $359.00 to $425.00 in a research report on Thursday. Piper Sandler upped their target price on Visa from $383.00 to $384.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 30th. Finally, BMO Capital Markets increased their price objective on Visa from $370.00 to $380.00 and gave the company an “outperform” rating in a report on Wednesday, April 30th. Five research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $372.80.

Visa Company Profile

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.