Visa Inc. (NYSE:V) Holdings Raised by Barlow Wealth Partners Inc.

Barlow Wealth Partners Inc. increased its holdings in Visa Inc. (NYSE:V - Free Report) by 1.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 103,839 shares of the credit-card processor's stock after buying an additional 1,394 shares during the quarter. Visa comprises approximately 4.5% of Barlow Wealth Partners Inc.'s investment portfolio, making the stock its 3rd largest holding. Barlow Wealth Partners Inc.'s holdings in Visa were worth $34,804,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Hirtle Callaghan & Co LLC grew its position in Visa by 1.3% during the 4th quarter. Hirtle Callaghan & Co LLC now owns 2,291 shares of the credit-card processor's stock worth $724,000 after acquiring an additional 29 shares during the last quarter. FWL Investment Management LLC grew its position in Visa by 0.5% during the 4th quarter. FWL Investment Management LLC now owns 6,344 shares of the credit-card processor's stock worth $2,005,000 after acquiring an additional 29 shares during the last quarter. Capstone Financial Advisors Inc. grew its position in Visa by 3.6% during the 4th quarter. Capstone Financial Advisors Inc. now owns 872 shares of the credit-card processor's stock worth $276,000 after acquiring an additional 30 shares during the last quarter. Headinvest LLC grew its position in Visa by 0.8% during the 4th quarter. Headinvest LLC now owns 4,003 shares of the credit-card processor's stock worth $1,265,000 after acquiring an additional 30 shares during the last quarter. Finally, Kennebec Savings Bank grew its position in Visa by 0.9% during the 1st quarter. Kennebec Savings Bank now owns 3,372 shares of the credit-card processor's stock worth $1,182,000 after acquiring an additional 30 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. William Blair reiterated an "outperform" rating on shares of Visa in a research report on Wednesday, April 30th. Barclays reiterated an "overweight" rating on shares of Visa in a research report on Friday, June 13th. Macquarie reduced their price target on Visa from $400.00 to $380.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Wall Street Zen upgraded Visa from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Finally, BMO Capital Markets upped their price target on Visa from $370.00 to $380.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. 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 company's stock. Based on data from MarketBeat, Visa currently has a consensus rating of "Moderate Buy" and a consensus target price of $372.84.

Insider Activity at Visa

In other Visa news, insider Paul D. Fabara sold 46,214 shares of Visa stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $370.00, for a total transaction of $17,099,180.00. Following the completion of the sale, the insider directly owned 26,413 shares of the company's stock, valued at $9,772,810. The trade was a 63.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of Visa stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $345.58, for a total value of $889,868.50. Following the sale, the general counsel owned 11,925 shares in the company, valued at $4,121,041.50. This trade represents a 17.76% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 101,108 shares of company stock worth $36,771,200. Company insiders own 0.13% of the company's stock.

Visa Price Performance

Shares of NYSE:V traded up $4.48 during midday trading on Friday, hitting $358.70. The company had a trading volume of 3,702,810 shares, compared to its average volume of 6,850,467. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $375.51. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.08 and a quick ratio of 1.08. The stock has a market cap of $661.86 billion, a price-to-earnings ratio of 36.05, a price-to-earnings-growth ratio of 2.43 and a beta of 0.92. The business's 50-day simple moving average is $355.79 and its 200-day simple moving average is $341.46.

Visa (NYSE:V - Get Free Report) last posted 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. Visa had a return on equity of 56.28% and a net margin of 52.86%. The company had revenue of $9.59 billion during the quarter, compared to analysts' expectations of $9.57 billion. During the same quarter last year, the firm earned $2.51 earnings per share. The firm's quarterly revenue was up 9.3% compared to the same quarter last year. On average, research analysts predict that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 13th were issued a $0.59 dividend. The ex-dividend date was Tuesday, May 13th. This represents a $2.36 dividend on an annualized basis and a yield of 0.66%. Visa's dividend payout ratio (DPR) is presently 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.