Visa Inc. (NYSE:V) Stake Raised by Ameliora Wealth Management Ltd.

Ameliora Wealth Management Ltd. increased its position in shares of Visa Inc. (NYSE:V - Free Report) by 6.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 14,831 shares of the credit-card processor's stock after acquiring an additional 846 shares during the quarter. Visa makes up approximately 2.0% of Ameliora Wealth Management Ltd.'s holdings, making the stock its 14th biggest holding. Ameliora Wealth Management Ltd.'s holdings in Visa were worth $5,198,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Visa in the 4th quarter valued at $5,171,271,000. GAMMA Investing LLC boosted its holdings in shares of Visa by 38,416.3% in the 1st quarter. GAMMA Investing LLC now owns 14,761,375 shares of the credit-card processor's stock valued at $5,173,271,000 after purchasing an additional 14,723,050 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Visa by 4.6% in the 4th quarter. Vanguard Group Inc. now owns 159,405,343 shares of the credit-card processor's stock valued at $50,378,465,000 after purchasing an additional 7,079,706 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Visa in the 4th quarter valued at $1,955,403,000. Finally, Proficio Capital Partners LLC boosted its holdings in Visa by 17,018.7% in the fourth quarter. Proficio Capital Partners LLC now owns 3,949,118 shares of the credit-card processor's stock valued at $1,248,079,000 after acquiring an additional 3,926,049 shares during the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Visa Stock Down 0.6%

NYSE V traded down $2.28 during trading hours on Thursday, reaching $371.03. 2,588,685 shares of the company traded hands, compared to its average volume of 6,412,320. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $375.51. The company has a 50 day moving average of $347.68 and a two-hundred day moving average of $336.77. The stock has a market capitalization of $684.61 billion, a PE ratio of 37.40, a PEG ratio of 2.33 and a beta of 0.94.

Visa (NYSE:V - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 EPS for the quarter, topping the consensus estimate of $2.68 by $0.08. Visa had a net margin of 54.27% and a return on equity of 54.79%. The business had revenue of $9.59 billion for the quarter, compared to analysts' expectations of $9.57 billion. During the same quarter last year, the company posted $2.51 earnings per share. The company's quarterly revenue was up 9.3% compared to the same quarter last year. As a group, equities analysts expect that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 13th were paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 0.64%. The ex-dividend date of this dividend was Tuesday, May 13th. Visa's dividend payout ratio (DPR) is presently 23.72%.

Wall Street Analysts Forecast Growth

V has been the topic of several research analyst reports. Susquehanna reaffirmed a "positive" rating on shares of Visa in a research note on Friday, March 21st. Mizuho upgraded Visa from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from $359.00 to $425.00 in a report on Thursday, June 5th. Wall Street Zen upgraded Visa from a "hold" rating to a "buy" rating in a report on Monday, May 12th. The Goldman Sachs Group started coverage on shares of Visa in a research note on Monday, June 2nd. They set a "neutral" rating for the company. Finally, Piper Sandler upped their target price on Visa from $383.00 to $384.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 30th. Five analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $372.80.

Insider Buying and Selling

In related news, insider Paul D. Fabara sold 39,350 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $327.20, for a total value of $12,875,320.00. Following the sale, the insider now owns 26,413 shares of the company's stock, valued at approximately $8,642,333.60. This trade represents a 59.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $350.44, for a total value of $3,020,792.80. Following the completion of the sale, the chief executive officer now owns 537 shares in the company, valued at $188,186.28. The trade was a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 168,162 shares of company stock worth $58,645,479 over the last ninety days. 0.13% of the stock is owned by 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.