Caliber Wealth Management LLC KS Purchases Shares of 6,988 Visa Inc. (NYSE:V)

Key Points

• Caliber Wealth Management LLC KS has invested approximately $2.45 million in Visa Inc. by acquiring 6,988 shares, as disclosed in its recent SEC filing.
• Several analysts have issued ratings upgrades for Visa, with Deutsche Bank projecting a $410 price target and a consensus rating of "Moderate Buy" among analysts.
• Visa recently announced a quarterly dividend of $0.59 per share, reflecting a dividend yield of 0.67% and a payout ratio of 23.72%.

Caliber Wealth Management LLC KS bought a new position in shares of Visa Inc. (NYSE:V - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 6,988 shares of the credit-card processor's stock, valued at approximately $2,449,000.

A number of other large investors also recently modified their holdings of the business. FWL Investment Management LLC lifted its holdings in shares of Visa by 0.5% during the fourth quarter. FWL Investment Management LLC now owns 6,344 shares of the credit-card processor's stock worth $2,005,000 after purchasing an additional 29 shares during the period. Yeomans Consulting Group Inc. boosted its holdings in Visa by 2.9% during the first quarter. Yeomans Consulting Group Inc. now owns 1,027 shares of the credit-card processor's stock worth $360,000 after purchasing an additional 29 shares during the last quarter. Capstone Financial Advisors Inc. boosted its stake in Visa by 3.6% in the fourth quarter. Capstone Financial Advisors Inc. now owns 872 shares of the credit-card processor's stock valued at $276,000 after acquiring an additional 30 shares during the last quarter. Headinvest LLC boosted its stake in Visa by 0.8% in the fourth quarter. Headinvest LLC now owns 4,003 shares of the credit-card processor's stock valued at $1,265,000 after acquiring an additional 30 shares during the last quarter. Finally, Kennebec Savings Bank lifted its stake in shares of Visa by 0.9% during the 1st quarter. Kennebec Savings Bank now owns 3,372 shares of the credit-card processor's stock valued at $1,182,000 after buying an additional 30 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Visa

In other news, General Counsel Julie B. Rottenberg sold 2,575 shares of the business's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $345.58, for a total transaction of $889,868.50. Following the completion of the transaction, the general counsel directly owned 11,925 shares of the company's stock, valued at approximately $4,121,041.50. The trade was a 17.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Ryan Mcinerney sold 8,630 shares of the business's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $353.82, for a total value of $3,053,466.60. Following the transaction, the chief executive officer directly owned 537 shares of the company's stock, valued at approximately $190,001.34. This represents a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 101,108 shares of company stock valued at $36,771,200 in the last three months. 0.13% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently commented on V shares. Citigroup assumed coverage on shares of Visa in a report on Monday, June 2nd. They set a "buy" rating on the stock. William Blair restated an "outperform" rating on shares of Visa in a research note on Wednesday, April 30th. Oppenheimer lifted their price target on shares of Visa from $390.00 to $391.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. The Goldman Sachs Group started coverage on shares of Visa in a report on Monday, June 2nd. They set a "neutral" rating on the stock. Finally, Wall Street Zen upgraded shares of Visa from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Five research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $375.52.

Visa Trading Up 0.8%

Shares of NYSE V traded up $2.96 during trading on Friday, hitting $356.93. 3,915,274 shares of the company were exchanged, compared to its average volume of 5,404,370. Visa Inc. has a 12-month low of $254.51 and a 12-month high of $375.51. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.08 and a current ratio of 1.08. The company has a fifty day moving average price of $356.30 and a 200-day moving average price of $345.22. The firm has a market capitalization of $658.60 billion, a PE ratio of 35.87, a P/E/G ratio of 2.41 and a beta of 0.92.

Visa (NYSE:V - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 EPS for the quarter, topping the consensus estimate of $2.68 by $0.08. The business had revenue of $9.59 billion for the quarter, compared to analyst estimates of $9.57 billion. Visa had a return on equity of 56.28% and a net margin of 52.86%. The company's quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.51 EPS. As a group, equities research analysts expect that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th were given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.66%. The ex-dividend date was Tuesday, May 13th. Visa's dividend payout ratio is currently 23.72%.

About Visa

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.