Falcon Wealth Planning Grows Stock Holdings in Visa Inc. (NYSE:V)

Falcon Wealth Planning lifted its holdings in Visa Inc. (NYSE:V) by 10.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,318 shares of the credit-card processor’s stock after acquiring an additional 120 shares during the quarter. Falcon Wealth Planning’s holdings in Visa were worth $346,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in V. Livelsberger Financial Advisory acquired a new position in shares of Visa during the 4th quarter worth approximately $25,000. Westend Capital Management LLC acquired a new position in Visa during the first quarter worth $25,000. Frank Rimerman Advisors LLC acquired a new stake in shares of Visa in the fourth quarter valued at about $33,000. Bbjs Financial Advisors LLC purchased a new stake in shares of Visa during the second quarter worth about $35,000. Finally, Abich Financial Wealth Management LLC increased its stake in Visa by 52.9% during the 1st quarter. Abich Financial Wealth Management LLC now owns 133 shares of the credit-card processor’s stock worth $37,000 after buying an additional 46 shares in the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Visa Stock Up 0.3 %

Shares of V stock traded up $0.71 during trading on Wednesday, reaching $260.84. The company’s stock had a trading volume of 3,232,716 shares, compared to its average volume of 7,206,243. Visa Inc. has a 1-year low of $227.78 and a 1-year high of $290.96. The stock’s 50-day moving average price is $267.11 and its 200 day moving average price is $273.77. The company has a market capitalization of $475.33 billion, a price-to-earnings ratio of 29.08, a P/E/G ratio of 1.83 and a beta of 0.95. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.37 and a quick ratio of 1.37.

Visa (NYSE:V) last posted its quarterly earnings results on Tuesday, July 23rd. The credit-card processor reported $2.42 EPS for the quarter, hitting the consensus estimate of $2.42. The business had revenue of $8.90 billion during 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%. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.16 earnings per share. On average, research analysts anticipate that Visa Inc. will post 9.91 EPS for the current year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Friday, August 9th will be given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend is Friday, August 9th. Visa’s dividend payout ratio is currently 23.24%.

Analysts Set New Price Targets

V has been the topic of a number of recent research reports. Mizuho boosted their price target on shares of Visa from $265.00 to $275.00 and gave the stock a “neutral” rating in a research report on Thursday, May 2nd. Macquarie reissued an “outperform” rating and set a $300.00 price objective on shares of Visa in a research note on Wednesday, July 24th. Robert W. Baird raised their target price on Visa from $314.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 17th. JPMorgan Chase & Co. reduced their price target on Visa from $300.00 to $290.00 and set an “overweight” rating on the stock in a report on Wednesday, July 24th. Finally, Evercore ISI dropped their price objective on shares of Visa from $335.00 to $330.00 and set an “outperform” rating for the company in a report on Tuesday, June 25th. Six equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $307.25.

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.