Cozad Asset Management Inc. Has $2.78 Million Holdings in Visa Inc. (NYSE:V)

Key Points

• Cozad Asset Management Inc. increased its stake in Visa Inc. by 41.5% during the first quarter, owning 7,940 shares valued at approximately $2.78 million.
• Multiple hedge funds have raised their positions in Visa, with Brighton Jones LLC increasing its stake by 50.1% and Revolve Wealth Partners LLC by 68.9% in the fourth quarter.
• Visa recently received several positive analyst ratings, including a new price target of $410.00 from Deutsche Bank and an upgraded target from Mizuho to $425.00.

Cozad Asset Management Inc. raised its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 41.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,940 shares of the credit-card processor's stock after acquiring an additional 2,328 shares during the quarter. Cozad Asset Management Inc.'s holdings in Visa were worth $2,783,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. Brighton Jones LLC increased its holdings in Visa by 50.1% in the 4th quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor's stock valued at $6,522,000 after acquiring an additional 6,883 shares during the last quarter. Revolve Wealth Partners LLC grew its stake in shares of Visa by 68.9% in the 4th quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor's stock worth $3,733,000 after buying an additional 4,817 shares in the last quarter. Hazlett Burt & Watson Inc. grew its stake in shares of Visa by 9.6% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 5,427 shares of the credit-card processor's stock worth $1,719,000 after buying an additional 475 shares in the last quarter. FSB Premier Wealth Management Inc. grew its stake in shares of Visa by 8.7% in the 4th quarter. FSB Premier Wealth Management Inc. now owns 7,238 shares of the credit-card processor's stock worth $2,288,000 after buying an additional 579 shares in the last quarter. Finally, Axiom Investors LLC DE grew its stake in shares of Visa by 11.9% in the 4th quarter. Axiom Investors LLC DE now owns 836,418 shares of the credit-card processor's stock worth $264,342,000 after buying an additional 89,206 shares in the last quarter. Hedge funds and other institutional investors own 82.15% of the company's stock.

Visa Price Performance

Shares of Visa stock traded down $6.93 on Friday, hitting $338.54. The company's stock had a trading volume of 5,756,968 shares, compared to its average volume of 6,610,929. Visa Inc. has a 52-week low of $254.51 and a 52-week high of $375.51. The company has a quick ratio of 1.08, a current ratio of 1.12 and a debt-to-equity ratio of 0.52. The firm has a fifty day moving average price of $355.36 and a 200-day moving average price of $346.13. The company has a market capitalization of $624.67 billion, a P/E ratio of 33.07, a price-to-earnings-growth ratio of 2.36 and a beta of 0.92.

Visa (NYSE:V - Get Free Report) last posted its earnings results on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.85 by $0.13. Visa had a net margin of 52.16% and a return on equity of 58.93%. The firm had revenue of $10.17 billion during the quarter, compared to the consensus estimate of $9.82 billion. During the same quarter in the prior year, the company earned $2.42 EPS. The company's revenue was up 14.3% on a year-over-year basis. On average, equities research analysts expect that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 12th will be given a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, August 12th. This represents a $2.36 annualized dividend and a yield of 0.7%. Visa's dividend payout ratio (DPR) is currently 23.05%.

Insider Buying and Selling at Visa

In other news, CEO Ryan Mcinerney sold 8,630 shares of the firm's 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 transaction, the chief executive officer directly owned 537 shares of the company's stock, valued at approximately $190,001.34. This trade represents a 94.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul D. Fabara sold 11,636 shares of Visa stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $375.00, for a total value of $4,363,500.00. Following the transaction, the insider directly owned 26,413 shares in the company, valued at approximately $9,904,875. The trade was a 30.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 89,913 shares of company stock worth $32,902,432 over the last ninety days. 0.13% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

V has been the subject of several research reports. BMO Capital Markets boosted their price objective on shares of Visa from $370.00 to $380.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Raymond James Financial restated an "outperform" rating on shares of Visa in a report on Wednesday. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Visa in a report on Thursday, July 17th. They issued a "buy" rating and a $410.00 price target for the company. Truist Financial reduced their price objective on shares of Visa from $400.00 to $397.00 and set a "buy" rating for the company in a research note on Thursday, July 17th. Finally, Mizuho upgraded shares of Visa from a "neutral" rating to an "outperform" rating and boosted their price objective for the stock from $359.00 to $425.00 in a research note on Thursday, June 5th. Five 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 company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $380.84.

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.