Visa Inc. $V Shares Bought by Mountain Capital Investment Advisors Inc.

Mountain Capital Investment Advisors Inc. grew its holdings in shares of Visa Inc. (NYSE:V) by 5.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,102 shares of the credit-card processor’s stock after purchasing an additional 263 shares during the period. Visa makes up approximately 0.3% of Mountain Capital Investment Advisors Inc.’s investment portfolio, making the stock its 15th largest holding. Mountain Capital Investment Advisors Inc.’s holdings in Visa were worth $1,814,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of V. Brighton Jones LLC boosted its stake in Visa by 50.1% during the fourth quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor’s stock valued at $6,522,000 after buying an additional 6,883 shares in the last quarter. Revolve Wealth Partners LLC boosted its stake in Visa by 68.9% during the fourth quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor’s stock valued at $3,733,000 after buying an additional 4,817 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Visa by 9.9% in the 1st quarter. GAMMA Investing LLC now owns 42,120 shares of the credit-card processor’s stock valued at $14,761,000 after purchasing an additional 3,795 shares during the period. Figure 8 Investment Strategies LLC boosted its position in shares of Visa by 1.0% in the 1st quarter. Figure 8 Investment Strategies LLC now owns 8,624 shares of the credit-card processor’s stock valued at $3,022,000 after purchasing an additional 83 shares during the period. Finally, Narwhal Capital Management boosted its position in shares of Visa by 6.4% in the 1st quarter. Narwhal Capital Management now owns 52,609 shares of the credit-card processor’s stock valued at $18,437,000 after purchasing an additional 3,177 shares during the period. Institutional investors own 82.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Citigroup assumed coverage on Visa in a research report on Wednesday. They set a “buy” rating and a $450.00 price objective for the company. Barclays restated an “overweight” rating and set a $408.00 price objective (up from $396.00) on shares of Visa in a research report on Thursday, July 31st. Morgan Stanley raised their price objective on Visa from $386.00 to $402.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 30th. Weiss Ratings restated a “buy (b)” rating on shares of Visa in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company set a $412.00 price objective on Visa and gave the stock an “overweight” rating in a research report on Tuesday. One 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $392.75.

Visa Trading Down 0.6%

V stock opened at $345.10 on Thursday. The company has a market cap of $632.50 billion, a P/E ratio of 33.70, a PEG ratio of 2.05 and a beta of 0.90. Visa Inc. has a twelve month low of $280.78 and a twelve month 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 business has a fifty day moving average of $344.72 and a 200-day moving average of $347.09.

Visa (NYSE:V) last released its quarterly earnings data 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. The business had revenue of $10.17 billion during the quarter, compared to the consensus estimate of $9.82 billion. Visa had a return on equity of 58.93% and a net margin of 52.16%.The firm’s revenue was up 14.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.42 earnings per share. As a group, equities research analysts expect that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

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

Insiders Place Their Bets

In other news, General Counsel Julie B. Rottenberg sold 2,027 shares of Visa stock in a transaction dated Monday, August 18th. The stock was 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 directly owned 11,925 shares of the company’s stock, valued at approximately $4,102,438.50. This trade represents a 14.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Ryan Mcinerney sold 10,485 shares of Visa stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $342.30, for a total value of $3,589,015.50. Following the transaction, the chief executive officer owned 537 shares of the company’s stock, valued at $183,815.10. This trade represents 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.

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.