LVW Advisors LLC Purchases 114 Shares of Visa Inc. (NYSE:V)

LVW Advisors LLC grew its position in Visa Inc. (NYSE:V) by 0.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,950 shares of the credit-card processor’s stock after purchasing an additional 114 shares during the quarter. Visa makes up about 0.8% of LVW Advisors LLC’s investment portfolio, making the stock its 20th largest holding. LVW Advisors LLC’s holdings in Visa were worth $6,992,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of V. Bradley & Co. Private Wealth Management LLC bought a new position in shares of Visa during the fourth quarter worth $27,000. POM Investment Strategies LLC boosted its position in shares of Visa by 48.5% during the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock worth $31,000 after acquiring an additional 32 shares during the last quarter. Compass Planning Associates Inc bought a new position in shares of Visa during the fourth quarter worth $32,000. NewSquare Capital LLC bought a new position in shares of Visa during the fourth quarter worth $35,000. Finally, FPC Investment Advisory Inc. boosted its position in shares of Visa by 377.3% during the fourth quarter. FPC Investment Advisory Inc. now owns 105 shares of the credit-card processor’s stock worth $36,000 after acquiring an additional 83 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors.

Visa Trading Up 0.8%

V stock opened at $365.43 on Monday. The company has a market capitalization of $674.28 billion, a PE ratio of 36.84, a P/E/G ratio of 2.33 and a beta of 0.96. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $369.15. The firm’s 50-day moving average is $343.40 and its 200 day moving average is $333.88. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12.

Visa (NYSE:V) last posted its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 EPS for the quarter, topping 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 net margin of 54.27% and a return on equity of 54.79%. The firm’s revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the firm posted $2.51 EPS. On average, research analysts anticipate that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Tuesday, May 13th will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.65%. The ex-dividend date of this dividend is Tuesday, May 13th. Visa’s dividend payout ratio is presently 23.72%.

Insiders Place Their Bets

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $350.44, for a total transaction of $3,020,792.80. Following the transaction, the chief executive officer now directly owns 537 shares in the company, valued at $188,186.28. This represents a 94.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul D. Fabara sold 39,350 shares of the stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $327.20, for a total transaction of $12,875,320.00. Following the transaction, the insider now owns 26,413 shares in the company, valued at approximately $8,642,333.60. The trade was a 59.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 113,328 shares of company stock worth $38,419,222 in the last three months. Corporate insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on V shares. Evercore ISI started coverage on shares of Visa in a research report on Wednesday, April 9th. They set an “in-line” rating and a $330.00 target price for the company. Susquehanna reaffirmed a “positive” rating on shares of Visa in a research note on Friday, March 21st. Barclays upped their price target on shares of Visa from $361.00 to $396.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. William Blair reaffirmed an “outperform” rating on shares of Visa in a research note on Wednesday, April 30th. Finally, BMO Capital Markets upped their price target on shares of Visa from $370.00 to $380.00 and gave the company an “outperform” rating in a research note on Wednesday, April 30th. Six analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Visa has an average rating of “Moderate Buy” and an average target price of $366.13.

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.