Advisory Alpha LLC Has $959,000 Stock Position in Visa Inc. (NYSE:V)

Advisory Alpha LLC grew its stake in Visa Inc. (NYSE:V) by 12.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,435 shares of the credit-card processor’s stock after purchasing an additional 383 shares during the quarter. Advisory Alpha LLC’s holdings in Visa were worth $959,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. GUNN & Co INVESTMENT MANAGEMENT INC. acquired a new stake in Visa during the 3rd quarter worth $2,951,000. Invst LLC raised its stake in Visa by 2.1% during the 3rd quarter. Invst LLC now owns 3,649 shares of the credit-card processor’s stock worth $839,000 after buying an additional 75 shares during the period. Quantum Financial Advisors LLC raised its stake in Visa by 63.0% during the 3rd quarter. Quantum Financial Advisors LLC now owns 4,499 shares of the credit-card processor’s stock worth $1,035,000 after buying an additional 1,739 shares during the period. Modera Wealth Management LLC raised its stake in Visa by 1.5% during the 3rd quarter. Modera Wealth Management LLC now owns 134,265 shares of the credit-card processor’s stock worth $30,882,000 after buying an additional 2,004 shares during the period. Finally, Scarborough Advisors LLC acquired a new stake in Visa during the 3rd quarter worth $203,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Wall Street Analysts Forecast Growth

V has been the topic of several research analyst reports. UBS Group raised their price objective on Visa from $315.00 to $325.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. TD Cowen initiated coverage on Visa in a research note on Thursday, April 11th. They issued a “buy” rating and a $320.00 price target on the stock. Redburn Atlantic restated a “neutral” rating and issued a $307.00 price objective on shares of Visa in a report on Wednesday, March 27th. Robert W. Baird raised their price objective on Visa from $314.00 to $320.00 and gave the company an “outperform” rating in a report on Wednesday, April 17th. Finally, Evercore ISI reduced their price target on Visa from $335.00 to $330.00 and set an “outperform” rating for the company in a report on Tuesday, June 25th. Six analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $304.44.

Visa Stock Up 0.6 %

Shares of V traded up $1.65 during trading hours on Friday, hitting $264.20. The stock had a trading volume of 1,256,981 shares, compared to its average volume of 6,830,402. The firm has a 50 day simple moving average of $272.88 and a 200-day simple moving average of $273.85. Visa Inc. has a 1-year low of $227.68 and a 1-year high of $290.96. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.40 and a quick ratio of 1.40. The firm has a market capitalization of $483.21 billion, a P/E ratio of 29.34, a price-to-earnings-growth ratio of 1.80 and a beta of 0.95.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, beating the consensus estimate of $2.43 by $0.08. Visa had a return on equity of 51.23% and a net margin of 53.87%. The firm had revenue of $8.78 billion during the quarter, compared to the consensus estimate of $8.62 billion. During the same quarter in the previous year, the company posted $2.09 earnings per share. The company’s quarterly revenue was up 9.9% on a year-over-year basis. Sell-side analysts predict that Visa Inc. will post 9.94 EPS for the current fiscal year.

Visa Dividend Announcement

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

Insider Transactions at Visa

In other Visa news, insider Paul D. Fabara sold 25,293 shares of the business’s stock in a transaction that occurred on 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Lloyd Carney sold 909 shares of the business’s stock in a transaction dated 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Paul D. Fabara sold 25,293 shares of the stock in a transaction dated Wednesday, May 15th. The shares were 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 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. 0.19% of the stock is currently owned by insiders.

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.