Graney & King LLC Grows Stock Holdings in Visa Inc. $V

Graney & King LLC raised its stake in Visa Inc. (NYSE:V) by 3.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,243 shares of the credit-card processor’s stock after acquiring an additional 43 shares during the period. Graney & King LLC’s holdings in Visa were worth $436,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Keystone Global Partners LLC bought a new stake in Visa in the 1st quarter valued at $26,000. von Borstel & Associates Inc. bought a new stake in Visa in the 1st quarter valued at $27,000. Measured Risk Portfolios Inc. bought a new stake in shares of Visa in the 4th quarter worth about $47,000. O Brien Wealth Partners LLC bought a new stake in shares of Visa in the 1st quarter worth about $54,000. Finally, Global X Japan Co. Ltd. purchased a new position in shares of Visa during the 1st quarter worth about $56,000. 82.15% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Raymond James Financial reaffirmed an “outperform” rating on shares of Visa in a research note on Wednesday, July 30th. Oppenheimer lifted their price target on shares of Visa from $390.00 to $391.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 2nd. The Goldman Sachs Group assumed coverage on shares of Visa in a research report on Monday, June 2nd. They issued a “neutral” rating for the company. Morgan Stanley boosted their price objective on shares of Visa from $386.00 to $402.00 and gave the company an “overweight” rating in a research report on Wednesday, July 30th. Finally, Macquarie boosted their price objective on shares of Visa from $380.00 to $425.00 and gave the company an “outperform” rating in a research report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $380.84.

Insider Activity at Visa

In related news, insider Paul D. Fabara sold 11,636 shares of the business’s stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $375.00, for a total transaction of $4,363,500.00. Following the transaction, the insider directly owned 26,413 shares in the company, valued at approximately $9,904,875. The trade was a 30.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Ryan Mcinerney sold 8,630 shares of Visa stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $353.82, for a total transaction of $3,053,466.60. Following the transaction, the chief executive officer directly owned 537 shares in the company, valued at $190,001.34. This trade represents a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 77,127 shares of company stock worth $28,340,553. 0.13% of the stock is owned by company insiders.

Visa Trading Down 0.1%

Shares of Visa stock opened at $350.72 on Thursday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a fifty day moving average price of $347.87 and a 200 day moving average price of $347.44. Visa Inc. has a 1 year low of $267.67 and a 1 year high of $375.51. The stock has a market cap of $642.80 billion, a PE ratio of 34.25, a price-to-earnings-growth ratio of 2.34 and a beta of 0.94.

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

Visa Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Tuesday, August 12th will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 0.7%. The ex-dividend date is Tuesday, August 12th. Visa’s dividend payout ratio (DPR) is currently 23.05%.

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.