Apella Capital LLC Purchases 12,640 Shares of Visa Inc. $V

Key Points

• Apella Capital LLC significantly increased its holdings in Visa, acquiring 12,640 shares during the 2nd quarter, which boosted its position by 422.9%.
• Visa reported a quarterly EPS of $2.98, beating expectations, with a revenue of $10.17 billion, indicating a 14.3% year-over-year increase.
• The company recently declared a quarterly dividend of $0.59, representing a 0.7% yield and a 23.05% payout ratio.

Apella Capital LLC lifted its position in shares of Visa Inc. (NYSE:V - Free Report) by 422.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 15,629 shares of the credit-card processor's stock after acquiring an additional 12,640 shares during the quarter. Apella Capital LLC's holdings in Visa were worth $5,574,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its stake in shares of Visa by 50.1% during the 4th quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor's stock valued at $6,522,000 after buying an additional 6,883 shares in the last quarter. Revolve Wealth Partners LLC raised its holdings in Visa by 68.9% during the 4th quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor's stock valued at $3,733,000 after acquiring an additional 4,817 shares during the period. Tema Etfs LLC purchased a new stake in shares of Visa during the fourth quarter worth $1,156,000. Tang Capital Management LLC lifted its position in shares of Visa by 42.2% during the fourth quarter. Tang Capital Management LLC now owns 4,718 shares of the credit-card processor's stock worth $1,491,000 after acquiring an additional 1,400 shares in the last quarter. Finally, Stuart Chaussee & Associates Inc. grew its holdings in Visa by 91.9% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 453 shares of the credit-card processor's stock valued at $143,000 after buying an additional 217 shares in the last quarter. Hedge funds and other institutional investors own 82.15% of the company's stock.

Visa Stock Performance

NYSE:V opened at $339.33 on Monday. Visa Inc. has a twelve month low of $268.23 and a twelve month high of $375.51. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.52. The firm's fifty day simple moving average is $347.03 and its 200 day simple moving average is $346.86. The stock has a market cap of $621.92 billion, a P/E ratio of 33.14, a price-to-earnings-growth ratio of 2.26 and a beta of 0.92.

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

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, August 12th were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Tuesday, August 12th. Visa's dividend payout ratio is presently 23.05%.

Insiders Place Their Bets

In other Visa news, CEO Ryan Mcinerney sold 8,630 shares of the company's stock in a transaction dated 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 sale, the chief executive officer owned 537 shares in the company, valued at approximately $190,001.34. This represents a 94.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of Visa stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $344.02, for a total transaction of $697,328.54. Following the transaction, the general counsel owned 11,925 shares of the company's stock, valued at $4,102,438.50. The trade was a 14.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.13% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Morgan Stanley upped their target price on shares of Visa from $386.00 to $402.00 and gave the stock an "overweight" rating in a report on Wednesday, July 30th. Raymond James Financial restated an "outperform" rating on shares of Visa in a research report on Wednesday, July 30th. Macquarie upped their price objective on Visa from $380.00 to $425.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Deutsche Bank Aktiengesellschaft began coverage on shares of Visa in a report on Thursday, July 17th. They issued a "buy" rating and a $410.00 price objective for the company. Finally, Barclays reiterated an "overweight" rating and issued a $408.00 price objective (up previously from $396.00) on shares of Visa in a report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, Visa has a consensus rating of "Moderate Buy" and an average target price of $385.96.

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.

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