Brookstone Capital Management Purchases 5,952 Shares of Visa Inc. (NYSE:V)

Brookstone Capital Management grew its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 15.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and 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 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Sellwood Investment Partners LLC acquired a new stake in shares of Visa during the fourth quarter valued at about $41,000. Mountain Hill Investment Partners Corp. acquired a new stake in Visa during the 4th quarter worth approximately $47,000. Measured Risk Portfolios Inc. bought a new stake in Visa during the 4th quarter worth approximately $47,000. Navigoe LLC acquired a new position in Visa in the 4th quarter valued at approximately $53,000. Finally, O Brien Wealth Partners LLC acquired a new position in Visa in the 1st quarter valued at approximately $54,000. Institutional investors own 82.15% of the company's stock.

Visa Stock Down 0.6%

NYSE V traded down $2.20 on Thursday, reaching $355.56. The company had a trading volume of 6,115,751 shares, compared to its average volume of 6,837,809. The stock has a market capitalization of $656.07 billion, a P/E ratio of 35.74, a P/E/G ratio of 2.40 and a beta of 0.92. The company's fifty day moving average is $356.66 and its 200 day moving average is $342.11. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $375.51. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.45.

Visa (NYSE:V - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.68 by $0.08. The firm had revenue of $9.59 billion during the quarter, compared to the consensus estimate of $9.57 billion. Visa had a return on equity of 56.28% and a net margin of 52.86%. The business's revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.51 EPS. Sell-side analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th were paid a $0.59 dividend. The ex-dividend date of this dividend 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%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on V shares. Jefferies Financial Group lifted their price target on shares of Visa from $400.00 to $410.00 and gave the stock a "buy" rating in a report on Tuesday, May 27th. Evercore ISI began coverage on Visa in a research note on Wednesday, April 9th. They issued an "in-line" rating and a $330.00 price target for the company. Oppenheimer raised their price objective on Visa from $390.00 to $391.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. Piper Sandler upped their target price on Visa from $383.00 to $384.00 and gave the company an "overweight" rating in a report on Wednesday, April 30th. Finally, BMO Capital Markets upped their target price on Visa from $370.00 to $380.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Five research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Visa presently has an average rating of "Moderate Buy" and an average target price of $372.84.

Insider Buying and Selling at Visa

In other Visa news, General Counsel Julie B. Rottenberg sold 2,575 shares of the company's stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $345.58, for a total value of $889,868.50. Following the completion of the transaction, the general counsel owned 11,925 shares in the company, valued at $4,121,041.50. This represents a 17.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ryan Mcinerney sold 8,630 shares of the company's stock in a transaction 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 transaction, the chief executive officer owned 537 shares of the company's stock, valued at $190,001.34. This trade represents a 94.14% decrease in their position. The disclosure for this sale can be found here. Insiders sold 101,108 shares of company stock worth $36,771,200 in the last quarter. 0.13% of the stock is currently owned by company insiders.

Visa 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.