Visa Inc. (NYSE:V) Shares Bought by Capital Investment Advisory Services LLC

Capital Investment Advisory Services LLC increased its position in shares of Visa Inc. (NYSE:V - Free Report) by 6.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,115 shares of the credit-card processor's stock after purchasing an additional 926 shares during the period. Capital Investment Advisory Services LLC's holdings in Visa were worth $5,648,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in V. Sellwood Investment Partners LLC acquired a new stake in shares of Visa in the fourth quarter valued at approximately $41,000. Mountain Hill Investment Partners Corp. acquired a new stake in shares of Visa in the fourth quarter valued at approximately $47,000. Measured Risk Portfolios Inc. acquired a new stake in shares of Visa in the fourth quarter valued at approximately $47,000. Navigoe LLC acquired a new stake in shares of Visa in the fourth quarter valued at approximately $53,000. Finally, O Brien Wealth Partners LLC acquired a new stake in Visa during the first quarter worth approximately $54,000. 82.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

V has been the topic of a number of analyst reports. Mizuho upgraded shares of Visa from a "neutral" rating to an "outperform" rating and raised their target price for the stock from $359.00 to $425.00 in a research report on Thursday, June 5th. The Goldman Sachs Group initiated coverage on shares of Visa in a research report on Monday, June 2nd. They set a "neutral" rating on the stock. Jefferies Financial Group raised their target price on shares of Visa from $400.00 to $410.00 and gave the stock a "buy" rating in a research report on Tuesday, May 27th. Truist Financial initiated coverage on shares of Visa in a research report on Monday, June 2nd. They set a "buy" rating and a $400.00 target price on the stock. Finally, Evercore ISI initiated coverage on shares of Visa in a research report on Wednesday, April 9th. They set an "in-line" rating and a $330.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $372.84.

Visa Trading Down 0.6%

Shares of V stock traded down $2.20 during mid-day trading on Thursday, reaching $355.56. The company's stock had a trading volume of 6,115,751 shares, compared to its average volume of 6,837,809. The company's 50 day simple moving average is $356.66 and its 200-day simple moving average is $342.11. Visa Inc. has a 12-month low of $252.70 and a 12-month 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. The firm has a market capitalization of $656.07 billion, a PE ratio of 35.74, a price-to-earnings-growth ratio of 2.40 and a beta of 0.92.

Visa (NYSE:V - Get Free Report) last released its quarterly 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 net margin of 52.86% and a return on equity of 56.28%. The firm had revenue of $9.59 billion for the quarter, compared to the consensus estimate of $9.57 billion. During the same quarter in the previous year, the firm posted $2.51 EPS. The firm's quarterly revenue was up 9.3% on a year-over-year basis. On average, research analysts predict that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 13th were paid a dividend of $0.59 per share. 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 (DPR) is 23.72%.

Insider Buying and Selling

In related news, insider Paul D. Fabara sold 11,636 shares of Visa stock in a transaction 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 sale, the insider owned 26,413 shares of the company's stock, valued at $9,904,875. The trade was a 30.58% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Ryan Mcinerney sold 8,630 shares of Visa stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $353.82, for a total transaction of $3,053,466.60. Following the sale, the chief executive officer directly owned 537 shares in the company, 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 have sold 101,108 shares of company stock valued at $36,771,200 in the last quarter. Company insiders own 0.13% of the company's stock.

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.