Capital Advisors Ltd. LLC Increases Stock Holdings in Visa Inc. (NYSE:V)

Capital Advisors Ltd. LLC raised its position in Visa Inc. (NYSE:V) by 1.7% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 3,648 shares of the credit-card processor’s stock after buying an additional 61 shares during the quarter. Capital Advisors Ltd. LLC’s holdings in Visa were worth $1,018,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in V. Evergreen Capital Management LLC boosted its holdings in Visa by 1.3% during the third quarter. Evergreen Capital Management LLC now owns 19,789 shares of the credit-card processor’s stock worth $4,552,000 after buying an additional 251 shares in the last quarter. EULAV Asset Management grew its holdings in shares of Visa by 2.3% in the 3rd quarter. EULAV Asset Management now owns 68,522 shares of the credit-card processor’s stock worth $15,761,000 after acquiring an additional 1,508 shares during the period. Elevatus Welath Management purchased a new position in Visa in the 3rd quarter valued at approximately $242,000. LaSalle St. Investment Advisors LLC raised its holdings in Visa by 1.7% during the third quarter. LaSalle St. Investment Advisors LLC now owns 3,987 shares of the credit-card processor’s stock worth $917,000 after purchasing an additional 67 shares during the last quarter. Finally, Kingfisher Capital LLC boosted its position in Visa by 0.3% during the third quarter. Kingfisher Capital LLC now owns 15,094 shares of the credit-card processor’s stock worth $3,472,000 after purchasing an additional 45 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on V. Wedbush lifted their price target on Visa from $280.00 to $300.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Macquarie raised their price objective on shares of Visa from $290.00 to $300.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Redburn Atlantic reissued a “neutral” rating and set a $307.00 price target on shares of Visa in a research report on Wednesday, March 27th. Wells Fargo & Company upped their target price on shares of Visa from $300.00 to $325.00 and gave the company an “overweight” rating in a report on Wednesday, March 6th. Finally, Evercore ISI reduced their target price on Visa from $335.00 to $330.00 and set an “outperform” rating on the stock in a report on Tuesday, June 25th. Five research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $303.56.

Visa Stock Performance

NYSE:V traded up $4.79 during mid-day trading on Tuesday, hitting $268.03. The stock had a trading volume of 5,193,201 shares, compared to its average volume of 6,805,736. The company has a 50 day simple moving average of $273.70 and a 200-day simple moving average of $273.61. The stock has a market capitalization of $490.21 billion, a price-to-earnings ratio of 29.77, a P/E/G ratio of 1.80 and a beta of 0.95. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.53. Visa Inc. has a 52 week low of $227.68 and a 52 week high of $290.96.

Visa (NYSE:V) last posted its earnings results 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 for the quarter, compared to analysts’ expectations of $8.62 billion. During the same period last year, the firm earned $2.09 EPS. The firm’s revenue was up 9.9% compared to the same quarter last year. On average, research analysts expect that Visa Inc. will post 9.94 earnings per share for the current fiscal year.

Visa Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Friday, May 17th were paid a dividend of $0.52 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $2.08 annualized dividend and a yield of 0.78%. Visa’s payout ratio is 23.24%.

Insider Buying and Selling at Visa

In related 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 sale, the insider now owns 17,894 shares of the company’s stock, valued at $4,959,322.10. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Visa news, insider Paul D. Fabara sold 25,293 shares of the business’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $277.15, for a total value of $7,009,954.95. Following the sale, the insider now directly owns 17,894 shares in the company, valued at $4,959,322.10. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Lloyd Carney sold 909 shares of the company’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 completion of the sale, the director now directly owns 2,591 shares of the company’s stock, valued at $713,950.05. The disclosure for this sale can be found here. 0.19% of the stock is owned by corporate insiders.

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.