Whelan Financial Buys New Holdings in Visa Inc. (NYSE:V)

Whelan Financial purchased a new position in Visa Inc. (NYSE:V) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 735 shares of the credit-card processor’s stock, valued at approximately $205,000.

A number of other hedge funds have also recently added to or reduced their stakes in V. Marshall Financial Group LLC raised its holdings in shares of Visa by 2.6% in the 1st quarter. Marshall Financial Group LLC now owns 9,999 shares of the credit-card processor’s stock worth $2,791,000 after acquiring an additional 257 shares during the last quarter. American National Bank & Trust Co. VA purchased a new stake in shares of Visa in the first quarter worth approximately $9,288,000. Retirement Guys Formula LLC lifted its holdings in shares of Visa by 5.2% in the first quarter. Retirement Guys Formula LLC now owns 4,528 shares of the credit-card processor’s stock valued at $1,264,000 after purchasing an additional 222 shares in the last quarter. Fruth Investment Management purchased a new position in shares of Visa during the first quarter valued at approximately $208,000. Finally, Tempus Wealth Planning LLC grew its holdings in Visa by 20.8% during the first quarter. Tempus Wealth Planning LLC now owns 2,563 shares of the credit-card processor’s stock worth $715,000 after buying an additional 442 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on V shares. Evercore ISI decreased their price target on Visa from $335.00 to $330.00 and set an “outperform” rating for the company in a research report on Tuesday, June 25th. Macquarie increased their price target on shares of Visa from $290.00 to $300.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. UBS Group lifted their price objective on shares of Visa from $315.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Redburn Atlantic reissued a “neutral” rating and set a $307.00 target price on shares of Visa in a research report on Wednesday, March 27th. Finally, Oppenheimer lifted their price target on shares of Visa from $297.00 to $299.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. 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 a consensus rating of “Moderate Buy” and a consensus target price of $303.56.

Insiders Place Their Bets

In other Visa news, Director Lloyd Carney sold 909 shares of the firm’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $275.55, for a total value of $250,474.95. Following the completion of the sale, the director now directly owns 2,591 shares in the company, valued at $713,950.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Visa news, Director Lloyd Carney sold 909 shares of the firm’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $275.55, for a total transaction of $250,474.95. Following the completion of the transaction, the director now owns 2,591 shares of the company’s stock, valued at $713,950.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul D. Fabara sold 25,293 shares of the company’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 in the company, valued at $4,959,322.10. The disclosure for this sale can be found here. Company insiders own 0.19% of the company’s stock.

Visa Trading Up 0.3 %

V stock traded up $0.76 during trading on Thursday, hitting $268.99. 5,017,760 shares of the company traded hands, compared to its average volume of 9,395,944. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.40 and a current ratio of 1.40. The company has a 50-day moving average of $273.45 and a 200-day moving average of $273.65. The firm has a market capitalization of $491.97 billion, a PE ratio of 30.05, a P/E/G ratio of 1.84 and a beta of 0.95. Visa Inc. has a 1 year low of $227.68 and a 1 year high of $290.96.

Visa (NYSE:V) last announced its quarterly earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share for the quarter, beating 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 business had revenue of $8.78 billion during the quarter, compared to analysts’ expectations of $8.62 billion. During the same quarter in the prior year, the company posted $2.09 EPS. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. Analysts predict that Visa Inc. will post 9.94 earnings per share for the current fiscal year.

Visa Announces Dividend

The business 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 annualized dividend and a yield of 0.77%. The ex-dividend date was Thursday, May 16th. Visa’s dividend payout ratio (DPR) is currently 23.24%.

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.