Future Financial Wealth Managment LLC Acquires 110 Shares of Visa Inc. (NYSE:V)

Future Financial Wealth Managment LLC boosted its holdings in Visa Inc. (NYSE:V) by 6.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,925 shares of the credit-card processor’s stock after acquiring an additional 110 shares during the quarter. Future Financial Wealth Managment LLC’s holdings in Visa were worth $537,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Livelsberger Financial Advisory bought a new position in shares of Visa during the 4th quarter valued at $25,000. Westend Capital Management LLC bought a new position in shares of Visa during the 1st quarter valued at $25,000. O Brien Wealth Partners LLC bought a new position in shares of Visa during the 4th quarter valued at $32,000. Frank Rimerman Advisors LLC bought a new position in shares of Visa during the 4th quarter valued at $33,000. Finally, Valued Wealth Advisors LLC bought a new position in Visa in the 4th quarter worth $37,000. 82.15% of the stock is owned by institutional investors.

Visa Trading Down 1.0 %

Shares of NYSE:V traded down $2.64 during trading on Tuesday, reaching $273.66. The company’s stock had a trading volume of 19,896,519 shares, compared to its average volume of 6,662,618. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.53. Visa Inc. has a 12 month low of $226.02 and a 12 month high of $290.96. The firm’s 50 day simple moving average is $274.11 and its two-hundred day simple moving average is $273.41. The stock has a market capitalization of $500.51 billion, a PE ratio of 30.58, a price-to-earnings-growth ratio of 1.88 and a beta of 0.97.

Visa (NYSE:V) last announced its quarterly earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, beating analysts’ consensus estimates of $2.43 by $0.08. Visa had a net margin of 53.87% and a return on equity of 51.23%. The firm had revenue of $8.78 billion during the quarter, compared to the consensus estimate of $8.62 billion. During the same quarter last year, the firm earned $2.09 EPS. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. On average, research analysts predict that Visa Inc. will post 9.94 EPS for the current fiscal year.

Visa Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Friday, May 17th were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date was Thursday, May 16th. Visa’s payout ratio is 23.24%.

Insider Activity at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,200 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $280.36, for a total value of $2,298,952.00. Following the completion of the sale, the chief executive officer now owns 538 shares of the company’s stock, valued at $150,833.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Visa news, CEO Ryan Mcinerney sold 8,200 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $280.36, for a total value of $2,298,952.00. Following the completion of the sale, the chief executive officer now owns 538 shares of the company’s stock, valued at $150,833.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Paul D. Fabara sold 25,293 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $277.15, for a total transaction of $7,009,954.95. Following the completion of the sale, the insider now directly owns 17,894 shares of the company’s stock, valued at approximately $4,959,322.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 34,402 shares of company stock valued at $9,559,382. Insiders own 0.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on V. Oppenheimer raised their target price on Visa from $297.00 to $299.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Wells Fargo & Company raised their target price on Visa from $300.00 to $325.00 and gave the stock an “overweight” rating in a report on Wednesday, March 6th. TD Cowen began coverage on Visa in a report on Thursday, April 11th. They issued a “buy” rating and a $320.00 target price on the stock. Wedbush raised their target price on Visa from $280.00 to $300.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Finally, William Blair reiterated an “outperform” rating on shares of Visa in a research note on Wednesday, April 24th. Five equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $303.56.

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.