922 Shares in Visa Inc. (NYSE:V) Purchased by Centennial Wealth Advisory LLC

Centennial Wealth Advisory LLC purchased a new position in Visa Inc. (NYSE:V) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 922 shares of the credit-card processor’s stock, valued at approximately $242,000.

Other institutional investors have also modified their holdings of the company. Livelsberger Financial Advisory acquired a new position in shares of Visa in the fourth quarter worth about $25,000. Westend Capital Management LLC acquired a new stake in Visa during the first quarter valued at approximately $25,000. Frank Rimerman Advisors LLC acquired a new stake in Visa during the fourth quarter valued at approximately $33,000. TruNorth Capital Management LLC raised its stake in Visa by 211.9% during the second quarter. TruNorth Capital Management LLC now owns 131 shares of the credit-card processor’s stock valued at $34,000 after buying an additional 89 shares in the last quarter. Finally, Bbjs Financial Advisors LLC acquired a new stake in Visa during the second quarter valued at approximately $35,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on V. Macquarie restated an “outperform” rating and set a $300.00 price objective on shares of Visa in a research note on Wednesday, July 24th. Wedbush upped their target price on Visa from $280.00 to $300.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Piper Sandler lowered their target price on Visa from $322.00 to $319.00 and set an “overweight” rating for the company in a report on Wednesday, July 24th. UBS Group upped their target price on Visa from $315.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Finally, William Blair raised Visa to a “strong-buy” rating in a report on Tuesday, July 23rd. Six 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $308.50.

Visa Price Performance

NYSE V traded up $0.10 on Wednesday, reaching $268.15. 6,639,302 shares of the stock traded hands, compared to its average volume of 7,217,395. The firm’s fifty day simple moving average is $266.10 and its 200 day simple moving average is $273.43. 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 company has a market cap of $490.42 billion, a price-to-earnings ratio of 29.99, a P/E/G ratio of 1.89 and a beta of 0.95. Visa Inc. has a 12 month low of $227.78 and a 12 month high of $290.96.

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

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Friday, August 9th will be given a dividend of $0.52 per share. 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 (DPR) is presently 23.24%.

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.