Hoxton Planning & Management LLC Purchases New Shares in Visa Inc. (NYSE:V)

Key Points

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Hoxton Planning & Management LLC acquired a new stake in shares of Visa Inc. (NYSE:V - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 1,861 shares of the credit-card processor's stock, valued at approximately $652,000.

A number of other hedge funds also recently made changes to their positions in the company. von Borstel & Associates Inc. bought a new stake in shares of Visa in the first quarter worth $27,000. Measured Risk Portfolios Inc. bought a new stake in Visa during the fourth quarter valued at $47,000. Navigoe LLC bought a new stake in Visa during the fourth quarter valued at $53,000. O Brien Wealth Partners LLC bought a new stake in Visa during the first quarter valued at $54,000. Finally, Hurley Capital LLC bought a new stake in Visa during the fourth quarter valued at $56,000. Hedge funds and other institutional investors own 82.15% of the company's stock.

Analyst Upgrades and Downgrades

V has been the subject of several recent research reports. UBS Group reiterated a "buy" rating and set a $415.00 target price (up previously from $405.00) on shares of Visa in a research note on Wednesday. Macquarie boosted their price target on shares of Visa from $380.00 to $425.00 and gave the company an "outperform" rating in a report on Thursday. Piper Sandler boosted their price target on shares of Visa from $383.00 to $384.00 and gave the company an "overweight" rating in a report on Wednesday, April 30th. Deutsche Bank Aktiengesellschaft began coverage on shares of Visa in a report on Thursday, July 17th. They set a "buy" rating and a $410.00 price target for the company. Finally, Citigroup began coverage on shares of Visa in a report on Monday, June 2nd. They set a "buy" rating for the company. Five equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $380.84.

Insider Buying and Selling at Visa

In other news, insider Paul D. Fabara sold 11,636 shares of the firm's stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $375.00, for a total value of $4,363,500.00. Following the sale, the insider owned 26,413 shares in the company, valued at approximately $9,904,875. This trade represents a 30.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Ryan Mcinerney sold 8,630 shares of the firm's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $353.82, for a total value of $3,053,466.60. Following the completion of the transaction, the chief executive officer directly owned 537 shares of the company's stock, valued at approximately $190,001.34. This trade represents a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 89,913 shares of company stock worth $32,902,432. 0.13% of the stock is currently owned by corporate insiders.

Visa Stock Down 1.4%

NYSE:V traded down $4.92 during mid-day trading on Friday, reaching $340.55. The stock had a trading volume of 1,977,836 shares, compared to its average volume of 6,581,209. The business's 50 day moving average is $355.36 and its 200 day moving average is $346.13. Visa Inc. has a fifty-two week low of $254.51 and a fifty-two week high of $375.51. The stock has a market cap of $628.37 billion, a P/E ratio of 33.25, a PEG ratio of 2.36 and a beta of 0.92. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.12 and a quick ratio of 1.08.

Visa (NYSE:V - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The credit-card processor reported $2.98 EPS for the quarter, topping analysts' consensus estimates of $2.85 by $0.13. Visa had a return on equity of 58.93% and a net margin of 52.16%. The firm had revenue of $10.17 billion for the quarter, compared to the consensus estimate of $9.82 billion. During the same quarter in the prior year, the company posted $2.42 earnings per share. The firm's revenue was up 14.3% on a year-over-year basis. As a group, sell-side analysts predict that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 12th will be paid a $0.59 dividend. The ex-dividend date is Tuesday, August 12th. This represents a $2.36 annualized dividend and a dividend yield of 0.7%. Visa's dividend payout ratio (DPR) is presently 23.05%.

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.