Physician Wealth Advisors Inc. Grows Holdings in Visa Inc. (NYSE:V)

Physician Wealth Advisors Inc. raised its position in Visa Inc. (NYSE:V) by 3.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,238 shares of the credit-card processor’s stock after buying an additional 81 shares during the period. Physician Wealth Advisors Inc.’s holdings in Visa were worth $607,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. New Mexico Educational Retirement Board increased its stake in shares of Visa by 14.5% during the first quarter. New Mexico Educational Retirement Board now owns 96,434 shares of the credit-card processor’s stock worth $26,913,000 after purchasing an additional 12,200 shares in the last quarter. Founders Financial Securities LLC grew its stake in Visa by 4.0% during the 1st quarter. Founders Financial Securities LLC now owns 13,277 shares of the credit-card processor’s stock valued at $3,705,000 after acquiring an additional 508 shares in the last quarter. Atticus Wealth Management LLC grew its stake in Visa by 3.1% during the 1st quarter. Atticus Wealth Management LLC now owns 3,930 shares of the credit-card processor’s stock valued at $1,097,000 after acquiring an additional 120 shares in the last quarter. Foguth Wealth Management LLC. purchased a new stake in Visa during the 1st quarter valued at about $292,000. Finally, Brown Miller Wealth Management LLC grew its stake in Visa by 530.4% during the 1st quarter. Brown Miller Wealth Management LLC now owns 10,270 shares of the credit-card processor’s stock valued at $2,866,000 after acquiring an additional 8,641 shares in the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insider Buying and Selling at Visa

In other news, CEO Ryan Mcinerney sold 8,200 shares of Visa stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the completion of the sale, the chief executive officer now directly owns 538 shares in the company, valued at $150,833.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Ryan Mcinerney sold 8,200 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 538 shares of the company’s stock, valued at $150,833.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lloyd Carney sold 909 shares of Visa stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $275.55, for a total transaction of $250,474.95. Following the transaction, the director now directly owns 2,591 shares in the company, valued at $713,950.05. The disclosure for this sale can be found here. In the last three months, insiders sold 34,402 shares of company stock worth $9,559,382. 0.19% of the stock is owned by corporate insiders.

Visa Stock Performance

NYSE:V traded down $4.12 during trading hours on Friday, reaching $262.47. 13,957,270 shares of the company’s stock were exchanged, compared to its average volume of 8,762,266. The firm has a market capitalization of $480.04 billion, a price-to-earnings ratio of 29.33, a P/E/G ratio of 1.80 and a beta of 0.97. The company has a 50-day moving average of $273.88 and a 200 day moving average of $273.50. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.53. Visa Inc. has a 1-year low of $227.68 and a 1-year high of $290.96.

Visa (NYSE:V) last released its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, topping the consensus estimate of $2.43 by $0.08. Visa had a net margin of 53.87% and a return on equity of 51.23%. The company had revenue of $8.78 billion during the quarter, compared to analysts’ expectations of $8.62 billion. During the same quarter last year, the business earned $2.09 EPS. The business’s revenue was up 9.9% on a year-over-year basis. Research analysts anticipate that Visa Inc. will post 9.94 EPS for the current year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Friday, May 17th were issued a dividend of $0.52 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $2.08 annualized dividend and a yield of 0.79%. Visa’s dividend payout ratio (DPR) is currently 23.24%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on V. Royal Bank of Canada boosted their target price on shares of Visa from $309.00 to $315.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Redburn Atlantic reiterated a “neutral” rating and issued a $307.00 target price on shares of Visa in a report on Wednesday, March 27th. Macquarie boosted their target price on shares of Visa from $290.00 to $300.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Wells Fargo & Company boosted their target price on shares of Visa from $300.00 to $325.00 and gave the company an “overweight” rating in a report on Wednesday, March 6th. Finally, Evercore ISI decreased their target price on shares of Visa from $335.00 to $330.00 and set an “outperform” rating on the stock in a report on Tuesday, June 25th. Five research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $303.56.

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.