Visa Inc. $V Holdings Lifted by Buckhead Capital Management LLC

Buckhead Capital Management LLC lifted its stake in Visa Inc. (NYSE:V) by 1.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,466 shares of the credit-card processor’s stock after buying an additional 197 shares during the quarter. Visa makes up about 2.0% of Buckhead Capital Management LLC’s investment portfolio, making the stock its 8th largest position. Buckhead Capital Management LLC’s holdings in Visa were worth $5,136,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Keystone Global Partners LLC purchased a new stake in Visa in the 1st quarter worth $26,000. von Borstel & Associates Inc. purchased a new stake in shares of Visa in the first quarter worth about $27,000. Family Legacy Financial Solutions LLC purchased a new stake in shares of Visa in the second quarter worth about $28,000. Harbor Asset Planning Inc. purchased a new stake in shares of Visa in the second quarter worth about $29,000. Finally, Cranbrook Wealth Management LLC lifted its position in shares of Visa by 82.0% in the second quarter. Cranbrook Wealth Management LLC now owns 91 shares of the credit-card processor’s stock worth $32,000 after buying an additional 41 shares in the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Truist Financial decreased their price objective on Visa from $400.00 to $397.00 and set a “buy” rating on the stock in a report on Thursday, July 17th. Macquarie decreased their price target on shares of Visa from $425.00 to $410.00 and set an “outperform” rating on the stock in a research note on Wednesday. Robert W. Baird set a $425.00 price target on shares of Visa in a research note on Wednesday. Erste Group Bank cut shares of Visa from a “buy” rating to a “hold” rating in a research report on Monday, September 22nd. Finally, Wells Fargo & Company upgraded shares of Visa to a “strong-buy” rating in a research report on Wednesday, October 22nd. Four equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $400.00.

Insider Activity at Visa

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

Visa Trading Down 1.1%

Shares of V opened at $341.07 on Friday. Visa Inc. has a twelve month low of $287.19 and a twelve month high of $375.51. The company has a market cap of $625.11 billion, a P/E ratio of 33.41, a P/E/G ratio of 2.03 and a beta of 0.90. The company has a current ratio of 1.08, a quick ratio of 1.12 and a debt-to-equity ratio of 0.53. The company’s fifty day simple moving average is $344.78 and its 200-day simple moving average is $348.40.

Visa (NYSE:V) last announced its earnings results on Tuesday, October 28th. The credit-card processor reported $2.98 earnings per share for the quarter, beating the consensus estimate of $2.97 by $0.01. Visa had a net margin of 50.15% and a return on equity of 60.31%. The business had revenue of $10.72 billion for the quarter, compared to the consensus estimate of $10.60 billion. During the same quarter in the prior year, the firm posted $2.71 earnings per share. The business’s revenue for the quarter was up 11.5% on a year-over-year basis. As a group, analysts expect that Visa Inc. will post 11.3 EPS for the current year.

Visa Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Wednesday, November 12th will be issued a $0.67 dividend. The ex-dividend date is Wednesday, November 12th. This is a positive change from Visa’s previous quarterly dividend of $0.59. This represents a $2.68 annualized dividend and a dividend yield of 0.8%. Visa’s dividend payout ratio (DPR) is currently 23.11%.

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.