Vanguard Capital Wealth Advisors Has $238,000 Position in Visa Inc. (NYSE:V)

Vanguard Capital Wealth Advisors cut its position in shares of Visa Inc. (NYSE:V) by 5.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 905 shares of the credit-card processor’s stock after selling 52 shares during the period. Vanguard Capital Wealth Advisors’ holdings in Visa were worth $238,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Wambolt & Associates LLC grew its stake in Visa by 6.5% in the 2nd quarter. Wambolt & Associates LLC now owns 21,417 shares of the credit-card processor’s stock valued at $5,638,000 after buying an additional 1,315 shares during the last quarter. Beverly Hills Private Wealth LLC boosted its holdings in Visa by 48.3% in the 2nd quarter. Beverly Hills Private Wealth LLC now owns 8,225 shares of the credit-card processor’s stock valued at $2,159,000 after purchasing an additional 2,677 shares during the period. PFG Advisors boosted its holdings in Visa by 4.0% in the 2nd quarter. PFG Advisors now owns 24,193 shares of the credit-card processor’s stock valued at $6,350,000 after purchasing an additional 932 shares during the period. Achmea Investment Management B.V. boosted its holdings in Visa by 3.5% in the 2nd quarter. Achmea Investment Management B.V. now owns 185,329 shares of the credit-card processor’s stock valued at $48,644,000 after purchasing an additional 6,253 shares during the period. Finally, Y.D. More Investments Ltd boosted its holdings in Visa by 9.4% in the 2nd quarter. Y.D. More Investments Ltd now owns 17,109 shares of the credit-card processor’s stock valued at $4,490,000 after purchasing an additional 1,466 shares during the period. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $276.37, for a total transaction of $2,382,309.40. Following the transaction, the chief executive officer now owns 538 shares in the company, valued at approximately $148,687.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.19% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on V shares. Bank of America reaffirmed a “neutral” rating and set a $297.00 price target (down previously from $305.00) on shares of Visa in a report on Wednesday, July 10th. TD Cowen cut their price target on shares of Visa from $320.00 to $318.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Evercore ISI cut their price target 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. Macquarie reiterated an “outperform” rating and set a $300.00 price objective on shares of Visa in a research report on Wednesday, July 24th. Finally, Piper Sandler lowered their price objective on shares of Visa from $322.00 to $319.00 and set an “overweight” rating for the company in a research report on Wednesday, July 24th. Six analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $309.54.

Visa Stock Down 0.5 %

Visa stock opened at $283.96 on Thursday. Visa Inc. has a 1-year low of $227.78 and a 1-year high of $290.96. The firm has a market capitalization of $517.46 billion, a price-to-earnings ratio of 31.73, a price-to-earnings-growth ratio of 1.97 and a beta of 0.96. The firm’s fifty day moving average price is $267.62 and its two-hundred day moving average price is $273.21. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.54.

Visa (NYSE:V) last released its quarterly earnings results on Tuesday, July 23rd. The credit-card processor reported $2.42 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.42. Visa had a net margin of 54.72% and a return on equity of 51.94%. The company had revenue of $8.90 billion for the quarter, compared to analyst estimates of $8.92 billion. During the same period last year, the firm earned $2.16 earnings per share. The firm’s revenue was up 9.6% on a year-over-year basis. On average, equities research analysts predict that Visa Inc. will post 9.92 earnings per share for the current fiscal year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Friday, August 9th were issued a $0.52 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.73%. Visa’s payout ratio is 23.24%.

About Visa

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.