Elwood & Goetz Wealth Advisory Group LLC Acquires 209 Shares of Visa Inc. (NYSE:V)

Elwood & Goetz Wealth Advisory Group LLC lifted its holdings in Visa Inc. (NYSE:V) by 18.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,366 shares of the credit-card processor’s stock after purchasing an additional 209 shares during the quarter. Elwood & Goetz Wealth Advisory Group LLC’s holdings in Visa were worth $479,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Sovereign Investment Advisors LLC acquired a new position in shares of Visa during the fourth quarter worth about $424,000. Brighton Jones LLC boosted its position in Visa by 50.1% during the 4th quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor’s stock worth $6,522,000 after acquiring an additional 6,883 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new position in Visa during the 4th quarter worth approximately $202,074,000. Revolve Wealth Partners LLC grew its stake 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 worth $3,733,000 after acquiring an additional 4,817 shares in the last quarter. Finally, Leverage Partners Absolute Return Fund SPC acquired a new stake in shares of Visa in the fourth quarter valued at approximately $204,000. 82.15% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $345.58, for a total transaction of $2,978,899.60. Following the completion of the sale, the chief executive officer now directly owns 537 shares in the company, valued at approximately $185,576.46. This represents a 94.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Paul D. Fabara sold 14,813 shares of the stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $355.04, for a total value of $5,259,207.52. Following the sale, the insider now directly owns 26,413 shares in the company, valued at approximately $9,377,671.52. This trade represents a 35.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 101,098 shares of company stock worth $36,738,526 in the last 90 days. Company insiders own 0.13% of the company’s stock.

Visa Stock Up 1.7%

Shares of V opened at $344.18 on Tuesday. The firm has a market cap of $635.07 billion, a P/E ratio of 34.59, a price-to-earnings-growth ratio of 2.28 and a beta of 0.94. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.08 and a current ratio of 1.08. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $375.51. The firm’s 50-day simple moving average is $351.95 and its 200 day simple moving average is $339.18.

Visa (NYSE:V) last posted its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 EPS for the quarter, beating the consensus estimate of $2.68 by $0.08. The company had revenue of $9.59 billion for the quarter, compared to the consensus estimate of $9.57 billion. Visa had a return on equity of 56.28% and a net margin of 52.86%. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.51 earnings per share. On average, analysts forecast 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 issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend was Tuesday, May 13th. Visa’s dividend payout ratio is 23.72%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on V shares. Barclays restated an “overweight” rating on shares of Visa in a report on Friday, June 13th. Truist Financial initiated coverage on shares of Visa in a research report on Monday, June 2nd. They set a “buy” rating and a $400.00 price target on the stock. Macquarie reduced their price objective on shares of Visa from $400.00 to $380.00 and set an “outperform” rating for the company in a research note on Wednesday, April 30th. Jefferies Financial Group lifted their target price on Visa from $400.00 to $410.00 and gave the company a “buy” rating in a research report on Tuesday, May 27th. Finally, Piper Sandler upped their target price on Visa from $383.00 to $384.00 and gave the stock an “overweight” rating in a report on Wednesday, April 30th. Five equities 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. According to MarketBeat, Visa has a consensus rating of “Moderate Buy” and an average 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.