Visa Inc. (NYSE:V) Shares Acquired by 44 Wealth Management LLC

44 Wealth Management LLC lifted its stake in shares of Visa Inc. (NYSE:V - Free Report) by 14.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,879 shares of the credit-card processor's stock after purchasing an additional 739 shares during the quarter. 44 Wealth Management LLC's holdings in Visa were worth $2,060,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sellwood Investment Partners LLC acquired a new stake in shares of Visa during the fourth quarter worth approximately $41,000. Mountain Hill Investment Partners Corp. acquired a new position in Visa during the fourth quarter worth about $47,000. Measured Risk Portfolios Inc. purchased a new position in Visa in the 4th quarter worth about $47,000. Navigoe LLC purchased a new position in Visa in the 4th quarter worth about $53,000. Finally, O Brien Wealth Partners LLC purchased a new position in Visa during the 1st quarter valued at about $54,000. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Visa news, insider Paul D. Fabara sold 11,636 shares of Visa stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $375.00, for a total transaction of $4,363,500.00. Following the completion of the sale, the insider directly owned 26,413 shares of the company's stock, valued at $9,904,875. The trade was a 30.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Ryan Mcinerney sold 8,630 shares of Visa stock in a transaction on Tuesday, July 1st. The shares were 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 owned 537 shares in the company, valued at $190,001.34. This represents a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 101,108 shares of company stock valued at $36,771,200. Insiders own 0.13% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on V shares. Evercore ISI began coverage on Visa in a report on Wednesday, April 9th. They issued an "in-line" rating and a $330.00 target price for the company. Piper Sandler increased their target price on Visa from $383.00 to $384.00 and gave the company an "overweight" rating in a research note on Wednesday, April 30th. Truist Financial assumed coverage on Visa in a report on Monday, June 2nd. They set a "buy" rating and a $400.00 price objective for the company. BMO Capital Markets lifted their target price on Visa from $370.00 to $380.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Finally, William Blair reissued an "outperform" rating on shares of Visa in a report on Wednesday, April 30th. Five analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Visa currently has an average rating of "Moderate Buy" and an average target price of $372.84.

Visa Stock Performance

Shares of NYSE:V traded up $2.36 during midday trading on Wednesday, reaching $356.91. 2,511,262 shares of the company's stock traded hands, compared to its average volume of 6,820,673. Visa Inc. has a one year low of $252.70 and a one year high of $375.51. The stock has a 50 day moving average of $356.43 and a 200 day moving average of $342.00. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.08 and a current ratio of 1.08. The company has a market cap of $658.55 billion, a price-to-earnings ratio of 35.87, a P/E/G ratio of 2.42 and a beta of 0.92.

Visa (NYSE:V - Get Free Report) last released its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.68 by $0.08. The firm had revenue of $9.59 billion during the quarter, compared to analysts' expectations of $9.57 billion. Visa had a return on equity of 56.28% and a net margin of 52.86%. The firm's revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the business posted $2.51 earnings per share. As a group, equities research analysts anticipate that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.66%. The ex-dividend date of this dividend was Tuesday, May 13th. Visa's payout ratio is 23.72%.

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.