Visa Inc. $V Shares Bought by CW Advisors LLC

CW Advisors LLC lifted its position in Visa Inc. (NYSE:V) by 18.5% during the first quarter, HoldingsChannel.com reports. The fund owned 185,045 shares of the credit-card processor’s stock after acquiring an additional 28,886 shares during the period. Visa makes up 0.8% of CW Advisors LLC’s portfolio, making the stock its 20th largest position. CW Advisors LLC’s holdings in Visa were worth $64,805,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in V. Keystone Global Partners LLC acquired a new stake in shares of Visa in the first quarter worth approximately $26,000. von Borstel & Associates Inc. acquired a new stake in shares of Visa in the first quarter worth approximately $27,000. Measured Risk Portfolios Inc. acquired a new stake in shares of Visa in the fourth quarter worth approximately $47,000. Navigoe LLC acquired a new stake in shares of Visa in the fourth quarter worth approximately $53,000. Finally, O Brien Wealth Partners LLC acquired a new stake in shares of Visa in the first quarter worth approximately $54,000. 82.15% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Visa

In other Visa news, General Counsel Julie B. Rottenberg sold 2,027 shares of Visa stock in a transaction on Monday, August 18th. The stock was sold at an average price of $344.02, for a total value of $697,328.54. Following the sale, the general counsel owned 11,925 shares in the company, valued at $4,102,438.50. The trade was a 14.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ryan Mcinerney sold 8,630 shares of Visa stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $353.82, for a total value of $3,053,466.60. Following the completion of the sale, the chief executive officer owned 537 shares in the company, valued at $190,001.34. This represents a 94.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 77,127 shares of company stock worth $28,340,553 over the last quarter. 0.13% of the stock is currently owned by company insiders.

Visa Price Performance

NYSE:V opened at $343.99 on Thursday. Visa Inc. has a 52 week low of $265.31 and a 52 week high of $375.51. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $630.46 billion, a P/E ratio of 33.59, a P/E/G ratio of 2.28 and a beta of 0.94. The stock’s fifty day moving average is $348.54 and its two-hundred day moving average is $347.39.

Visa (NYSE:V) last posted its earnings results on Tuesday, July 29th. The credit-card processor reported $2.98 EPS for the quarter, beating analysts’ consensus estimates of $2.85 by $0.13. Visa had a return on equity of 58.93% and a net margin of 52.16%.The company had revenue of $10.17 billion for the quarter, compared to the consensus estimate of $9.82 billion. During the same quarter in the previous year, the business earned $2.42 earnings per share. The company’s revenue for the quarter was up 14.3% on a year-over-year basis. Equities analysts expect that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 12th will be given a $0.59 dividend. The ex-dividend date is Tuesday, August 12th. This represents a $2.36 dividend on an annualized basis and a yield of 0.7%. Visa’s payout ratio is currently 23.05%.

Wall Street Analysts Forecast Growth

V has been the topic of a number of research analyst reports. Mizuho raised Visa from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $359.00 to $425.00 in a research note on Thursday, June 5th. UBS Group reiterated a “buy” rating and set a $415.00 price objective (up previously from $405.00) on shares of Visa in a research report on Wednesday, July 30th. The Goldman Sachs Group began coverage on Visa in a research report on Monday, June 2nd. They set a “neutral” rating on the stock. Oppenheimer lifted their price objective on Visa from $390.00 to $391.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 2nd. Finally, Truist Financial reduced their price objective on Visa from $400.00 to $397.00 and set a “buy” rating on the stock in a research report on Thursday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $380.84.

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.