Brookstone Capital Management Boosts Stake in Visa Inc. (NYSE:V)

Brookstone Capital Management lifted its position in shares of Visa Inc. (NYSE:V - Free Report) by 15.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,830 shares of the credit-card processor's stock after acquiring an additional 5,952 shares during the quarter. Brookstone Capital Management's holdings in Visa were worth $15,361,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Sellwood Investment Partners LLC purchased a new position in Visa in the 4th quarter valued at about $41,000. Mountain Hill Investment Partners Corp. purchased a new position in Visa in the 4th quarter valued at about $47,000. Measured Risk Portfolios Inc. purchased a new position in Visa in the 4th quarter valued at about $47,000. O Brien Wealth Partners LLC purchased a new position in Visa in the 1st quarter valued at about $54,000. Finally, Global X Japan Co. Ltd. purchased a new position in Visa in the 1st quarter valued at about $56,000. 82.15% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Visa

In related news, CEO Ryan Mcinerney sold 8,630 shares of Visa stock in a transaction that occurred 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 sale, the chief executive officer owned 537 shares in the company, valued at approximately $190,001.34. This trade represents a 94.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul D. Fabara sold 11,636 shares of Visa stock in a transaction that occurred on Wednesday, June 11th. The shares were 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 owned 26,413 shares of the company's stock, valued at $9,904,875. This trade represents a 30.58% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 101,108 shares of company stock worth $36,771,200. Insiders own 0.13% of the company's stock.

Visa Stock Up 1.3%

Shares of NYSE V opened at $358.70 on Monday. The company has a 50 day simple moving average of $355.79 and a 200-day simple moving average of $341.65. The company has a market capitalization of $661.86 billion, a P/E ratio of 36.05, a P/E/G ratio of 2.43 and a beta of 0.92. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.08 and a quick ratio of 1.08. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $375.51.

Visa (NYSE:V - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.68 by $0.08. The business had revenue of $9.59 billion during the quarter, compared to the consensus estimate of $9.57 billion. Visa had a net margin of 52.86% and a return on equity of 56.28%. The business's revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the firm earned $2.51 EPS. On average, equities 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 annualized dividend and a yield of 0.66%. Visa's dividend payout ratio (DPR) is presently 23.72%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on V shares. Susquehanna reaffirmed a "positive" rating on shares of Visa in a research note on Friday, March 21st. Barclays reaffirmed an "overweight" rating on shares of Visa in a research note on Friday, June 13th. Truist Financial assumed coverage on shares of Visa in a research note on Monday, June 2nd. They issued a "buy" rating and a $400.00 price target on the stock. Citigroup assumed coverage on shares of Visa in a report on Monday, June 2nd. They issued a "buy" rating for the company. Finally, Mizuho upgraded shares of Visa from a "neutral" rating to an "outperform" rating and increased their price objective for the company from $359.00 to $425.00 in a report on Thursday, June 5th. Five research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $372.84.

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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