Abich Financial Wealth Management LLC Acquires 46 Shares of Visa Inc. (NYSE:V)

Abich Financial Wealth Management LLC boosted its stake in shares of Visa Inc. (NYSE:V) by 52.9% 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 133 shares of the credit-card processor’s stock after purchasing an additional 46 shares during the quarter. Abich Financial Wealth Management LLC’s holdings in Visa were worth $37,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Livelsberger Financial Advisory bought a new position in Visa during the fourth quarter worth about $25,000. Westend Capital Management LLC acquired a new stake in shares of Visa in the first quarter valued at approximately $25,000. O Brien Wealth Partners LLC bought a new stake in shares of Visa in the fourth quarter valued at approximately $32,000. Frank Rimerman Advisors LLC acquired a new stake in Visa during the fourth quarter worth approximately $33,000. Finally, Vermillion & White Wealth Management Group LLC bought a new position in Visa during the 4th quarter worth $40,000. 82.15% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Citigroup decreased their price target on Visa from $321.00 to $319.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Wedbush lifted their price objective on shares of Visa from $280.00 to $300.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. StockNews.com downgraded shares of Visa from a “buy” rating to a “hold” rating in a research note on Tuesday, July 30th. William Blair raised shares of Visa to a “strong-buy” rating in a research note on Tuesday, July 23rd. Finally, Jefferies Financial Group lowered their target price on Visa from $325.00 to $300.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Seven investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $307.25.

Visa Trading Up 0.2 %

V traded up $0.65 during trading on Friday, hitting $266.58. The company’s stock had a trading volume of 7,017,857 shares, compared to its average volume of 7,476,283. The firm has a market capitalization of $487.56 billion, a P/E ratio of 29.79, a PEG ratio of 1.88 and a beta of 0.95. Visa Inc. has a twelve month low of $227.78 and a twelve month high of $290.96. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.54. The stock’s fifty day moving average price is $268.91 and its 200-day moving average price is $274.31.

Visa (NYSE:V) last released its earnings results on Tuesday, July 23rd. The credit-card processor reported $2.42 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.42. The company had revenue of $8.90 billion for the quarter, compared to the consensus estimate of $8.92 billion. Visa had a net margin of 54.72% and a return on equity of 51.94%. Visa’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.16 EPS. Analysts anticipate that Visa Inc. will post 9.91 EPS for the current year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Friday, August 9th will be issued a $0.52 dividend. The ex-dividend date of this dividend is Friday, August 9th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.78%. Visa’s dividend payout ratio is presently 23.24%.

Insiders Place Their Bets

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. Corporate insiders own 0.19% of the company’s stock.

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.