Capital Advisors Ltd. LLC Raises Stock Holdings in Visa Inc. (NYSE:V)

Capital Advisors Ltd. LLC boosted its position in Visa Inc. (NYSE:V) by 0.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,839 shares of the credit-card processor’s stock after buying an additional 30 shares during the period. Capital Advisors Ltd. LLC’s holdings in Visa were worth $1,345,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital & Planning LLC lifted its position in Visa by 21.2% in the fourth quarter. Capital & Planning LLC now owns 949 shares of the credit-card processor’s stock valued at $300,000 after purchasing an additional 166 shares during the period. Sovereign Investment Advisors LLC acquired a new stake in Visa in the fourth quarter valued at about $424,000. Brighton Jones LLC lifted its position in Visa by 50.1% in the fourth quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor’s stock valued at $6,522,000 after purchasing an additional 6,883 shares during the period. Union Bancaire Privee UBP SA acquired a new stake in Visa in the fourth quarter valued at about $202,074,000. Finally, Revolve Wealth Partners LLC lifted its position in shares of Visa by 68.9% during the 4th quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor’s stock valued at $3,733,000 after acquiring an additional 4,817 shares during the period. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Visa

In other Visa news, General Counsel Julie B. Rottenberg sold 2,575 shares of the business’s stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $345.58, for a total value of $889,868.50. Following the transaction, the general counsel now owns 11,925 shares in the company, valued at $4,121,041.50. The trade was a 17.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Paul D. Fabara sold 46,214 shares of the business’s stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $370.00, for a total transaction of $17,099,180.00. Following the completion of the transaction, the insider now owns 26,413 shares in the company, valued at $9,772,810. This represents a 63.63% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 168,162 shares of company stock worth $58,645,479. 0.13% of the stock is currently owned by corporate insiders.

Visa Stock Up 0.7%

Shares of V opened at $373.19 on Thursday. The firm has a market cap of $688.59 billion, a PE ratio of 37.62, a price-to-earnings-growth ratio of 2.33 and a beta of 0.94. The company’s fifty day moving average is $347.68 and its two-hundred day moving average is $336.77. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two 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 0.45.

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

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 13th were issued a dividend of $0.59 per share. The ex-dividend date was Tuesday, May 13th. This represents a $2.36 annualized dividend and a dividend yield of 0.63%. Visa’s payout ratio is 23.72%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on V. Truist Financial began coverage on shares of Visa in a research report on Monday, June 2nd. They set a “buy” rating and a $400.00 price target for the company. Susquehanna reiterated a “positive” rating on shares of Visa in a research report on Friday, March 21st. Oppenheimer reiterated an “outperform” rating on shares of Visa in a research report on Thursday, February 13th. William Blair reiterated an “outperform” rating on shares of Visa in a research report on Wednesday, April 30th. Finally, UBS Group lifted their price target on shares of Visa from $395.00 to $405.00 and gave the company a “buy” rating in a research report on Wednesday, May 28th. Five equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $372.80.

About Visa

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.