Artemis Wealth Advisors LLC Raises Stock Holdings in Visa Inc. $V

Key Points

• Artemis Wealth Advisors increased its Visa holdings by 511.2% in the second quarter, ending with 8,000 shares valued at approximately $2.75 million. Institutional investors collectively own 82.15% of Visa’s outstanding stock.
• Visa reported quarterly EPS of $3.32, exceeding estimates by $0.09, while revenue rose 14.4% year over year to $11.63 billion. Shares were trading near $364.55, close to their 52-week high.
• Visa declared a quarterly dividend of $0.67 per share and has authorization for a $20 billion share-repurchase program. Analysts maintain a consensus “Buy” rating with an average price target of $413.58.

Artemis Wealth Advisors LLC raised its holdings in Visa Inc. (NYSE:V - Free Report) by 511.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,000 shares of the credit-card processor's stock after purchasing an additional 6,691 shares during the period. Visa comprises 0.3% of Artemis Wealth Advisors LLC's holdings, making the stock its 24th largest position. Artemis Wealth Advisors LLC's holdings in Visa were worth $2,745,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Visa by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 160,975,832 shares of the credit-card processor's stock valued at $56,455,834,000 after buying an additional 1,054,343 shares in the last quarter. State Street Corp increased its holdings in Visa by 0.8% in the 4th quarter. State Street Corp now owns 82,798,151 shares of the credit-card processor's stock worth $29,038,140,000 after acquiring an additional 626,821 shares in the last quarter. Geode Capital Management LLC increased its holdings in Visa by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 44,042,586 shares of the credit-card processor's stock worth $15,411,395,000 after acquiring an additional 388,996 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Visa by 1.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 41,092,294 shares of the credit-card processor's stock worth $14,411,480,000 after acquiring an additional 716,218 shares during the period. Finally, Bank of America Corp DE raised its position in Visa by 1.7% during the fourth quarter. Bank of America Corp DE now owns 23,835,336 shares of the credit-card processor's stock worth $8,359,291,000 after acquiring an additional 398,459 shares during the period. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Visa Trading Up 1.6%

V opened at $364.55 on Wednesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.99 and a quick ratio of 0.99. The company's 50 day simple moving average is $350.95 and its two-hundred day simple moving average is $328.80. Visa Inc. has a 1-year low of $293.89 and a 1-year high of $373.97. The firm has a market capitalization of $650.52 billion, a price-to-earnings ratio of 31.00, a price-to-earnings-growth ratio of 1.95 and a beta of 0.74.

Visa (NYSE:V - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The credit-card processor reported $3.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.23 by $0.09. The business had revenue of $11.63 billion during the quarter, compared to analyst estimates of $11.40 billion. Visa had a return on equity of 67.68% and a net margin of 50.78%.The business's revenue was up 14.4% compared to the same quarter last year. During the same period in the prior year, the business earned $2.98 earnings per share. Analysts expect that Visa Inc. will post 13.16 EPS for the current fiscal year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th will be paid a dividend of $0.67 per share. The ex-dividend date of this dividend is Tuesday, August 11th. This represents a $2.68 dividend on an annualized basis and a yield of 0.7%. Visa's payout ratio is 22.79%.

Visa declared that its board has authorized a stock repurchase plan on Tuesday, April 28th that permits the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization permits the credit-card processor to purchase up to 3.6% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several research firms have issued reports on V. Raymond James Financial reaffirmed an "outperform" rating and set a $406.00 price objective on shares of Visa in a report on Wednesday, July 29th. Sanford C. Bernstein reissued an "outperform" rating and set a $450.00 target price on shares of Visa in a research note on Tuesday, June 2nd. Barclays began coverage on shares of Visa in a research report on Tuesday, July 7th. They set an "overweight" rating and a $420.00 price target for the company. BNP Paribas Exane raised shares of Visa to a "strong-buy" rating in a research note on Tuesday, July 21st. Finally, Citigroup reiterated a "buy" rating and issued a $440.00 price objective (up from $400.00) on shares of Visa in a report on Wednesday, July 29th. Seven equities research analysts have rated the stock with a Strong Buy rating and twenty-four have issued a Buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $413.58.

Trending Headlines about Visa

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Analyst coverage highlighted Visa’s payment growth as a key investment theme, reinforcing expectations that rising transaction volumes and digital commerce can support continued earnings expansion. Top Analyst Reports for Visa, Lam Research & Caterpillar
• Positive Sentiment: Visa Direct’s 21% transaction growth and expansion into cross-border payments and stablecoin use cases could create an additional growth engine beyond traditional card payments. Can Visa Direct Give Visa's Growth Story a New Direction?
• Positive Sentiment: Visa joined Rain’s Agentic Payments Alliance alongside Mastercard, Fiserv, Circle, Solana and Remitly. The initiative could help Visa establish standards and capture transactions generated by AI agents making purchases for consumers and businesses. Visa and Mastercard Join Rain’s Agentic Commerce Coalition
• Positive Sentiment: Kraken’s new Krak debit card is issued on Visa’s network and allows U.S. customers to spend crypto and fiat balances across more than 600 assets. Additional card issuance and transaction volume could modestly increase Visa’s payments activity. Kraken’s Krak debuts US debit card
• Positive Sentiment: Bill Ackman’s newly disclosed investment in Visa adds a high-profile endorsement of the company’s long-term value proposition, potentially improving investor sentiment. Bill Ackman Bets Big on Visa
• Neutral Sentiment: Visa is reportedly seeking a new stablecoin settlement partner after Mastercard acquired BVNK. The search underscores Visa’s commitment to the emerging market, although the need to replace a partner may reflect increased competitive pressure. Visa Seeks New Stablecoin Partner

Insiders Place Their Bets

In other Visa news, General Counsel Julie B. Rottenberg sold 2,027 shares of the company's stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $360.00, for a total value of $729,720.00. Following the completion of the sale, the general counsel directly owned 18,404 shares in the company, valued at $6,625,440. This represents a 9.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ryan Mcinerney sold 20,970 shares of the firm's stock in a transaction on Monday, June 29th. The stock was sold at an average price of $340.25, for a total value of $7,135,042.50. Following the completion of the sale, the chief executive officer directly owned 15,174 shares of the company's stock, valued at $5,162,953.50. This trade represents a 58.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 90,759 shares of company stock valued at $32,375,779. Insiders own 0.12% of the company's stock.

About Visa

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world's largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa's network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa's product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.

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