1,002 Shares in Visa Inc. $V Acquired by Alaska Wealth Advisors

Alaska Wealth Advisors bought a new stake in Visa Inc. (NYSE:V) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,002 shares of the credit-card processor’s stock, valued at approximately $356,000.

Several other institutional investors also recently modified their holdings of V. Keystone Global Partners LLC bought a new position in Visa during the first quarter valued at $26,000. von Borstel & Associates Inc. bought a new position in Visa during the first quarter valued at $27,000. Family Legacy Financial Solutions LLC bought a new position in Visa during the second quarter valued at $28,000. Harbor Asset Planning Inc. bought a new position in Visa during the second quarter valued at $29,000. Finally, Cranbrook Wealth Management LLC grew its holdings in Visa by 82.0% during the second quarter. Cranbrook Wealth Management LLC now owns 91 shares of the credit-card processor’s stock valued at $32,000 after purchasing an additional 41 shares during the period. 82.15% of the stock is owned by institutional investors.

Visa Stock Performance

Shares of NYSE:V opened at $345.10 on Thursday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $632.50 billion, a price-to-earnings ratio of 33.70, a PEG ratio of 2.05 and a beta of 0.90. The firm’s 50-day moving average is $344.72 and its 200 day moving average is $347.09. Visa Inc. has a 12 month low of $280.78 and a 12 month high of $375.51.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $9.82 billion. During the same period last year, the firm earned $2.42 earnings per share. The company’s quarterly revenue was up 14.3% on a year-over-year basis. Research analysts predict that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 12th were issued a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.7%. Visa’s dividend payout ratio (DPR) is currently 23.05%.

Insiders Place Their Bets

In other Visa news, General Counsel Julie B. Rottenberg sold 2,027 shares of Visa stock in a transaction on Monday, August 18th. The shares were sold at an average price of $344.02, for a total value of $697,328.54. Following the completion of the transaction, the general counsel owned 11,925 shares of the company’s stock, valued at approximately $4,102,438.50. The trade was a 14.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ryan Mcinerney sold 10,485 shares of Visa stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $342.30, for a total transaction of $3,589,015.50. Following the completion of the transaction, the chief executive officer directly owned 537 shares of the company’s stock, valued at $183,815.10. The trade was a 95.13% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on V shares. Morgan Stanley increased their target price on Visa from $386.00 to $402.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 30th. Truist Financial lowered 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. KeyCorp reiterated an “overweight” rating and issued a $405.00 price objective on shares of Visa in a research report on Wednesday. Deutsche Bank Aktiengesellschaft began coverage on Visa in a research report on Thursday, July 17th. They issued a “buy” rating and a $410.00 price objective on the stock. Finally, Citigroup began coverage on Visa in a research report on Wednesday. They issued a “buy” rating and a $450.00 price objective on the stock. 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 company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $392.75.

Visa 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.