Davis Rea LTD. Purchases Shares of 18,410 Visa Inc. (NYSE:V)

Davis Rea LTD. bought a new position in shares of Visa Inc. (NYSE:V - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 18,410 shares of the credit-card processor's stock, valued at approximately $6,452,000. Visa accounts for about 1.7% of Davis Rea LTD.'s investment portfolio, making the stock its 17th largest position.

Several other large investors have also added to or reduced their stakes in V. von Borstel & Associates Inc. bought a new position in shares of Visa in the first quarter valued at approximately $27,000. Sellwood Investment Partners LLC bought a new position in shares of Visa in the fourth quarter valued at approximately $41,000. Measured Risk Portfolios Inc. bought a new position in shares of Visa in the fourth quarter valued at approximately $47,000. O Brien Wealth Partners LLC bought a new stake in Visa during the first quarter worth $54,000. Finally, Global X Japan Co. Ltd. bought a new stake in Visa during the first quarter worth $56,000. Institutional investors and hedge funds own 82.15% of the company's stock.

Visa Trading Up 0.8%

Shares of NYSE:V traded up $2.96 during trading on Friday, reaching $356.93. The company's stock had a trading volume of 3,915,274 shares, compared to its average volume of 5,404,370. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.45. Visa Inc. has a 12 month low of $254.51 and a 12 month high of $375.51. The firm's 50 day simple moving average is $356.30 and its two-hundred day simple moving average is $345.00. The stock has a market capitalization of $658.60 billion, a PE ratio of 35.87, a price-to-earnings-growth ratio of 2.39 and a beta of 0.92.

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, 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 business had revenue of $9.59 billion during the quarter, compared to the consensus estimate of $9.57 billion. During the same quarter last year, the firm earned $2.51 earnings per share. The firm's quarterly revenue was up 9.3% compared to the same quarter last year. On average, research analysts predict that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

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

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Wall Street Zen raised Visa from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. BMO Capital Markets lifted their price objective on Visa from $370.00 to $380.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Mizuho raised Visa from a "neutral" rating to an "outperform" rating and lifted their price objective for the company from $359.00 to $425.00 in a research note on Thursday, June 5th. Barclays reissued an "overweight" rating on shares of Visa in a research note on Friday, June 13th. Finally, Piper Sandler lifted their price target on Visa from $383.00 to $384.00 and gave the stock an "overweight" rating in a research note 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 company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $375.52.

Insider Buying and Selling at Visa

In related news, insider Paul D. Fabara sold 11,636 shares of the company's stock in a transaction dated 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 transaction, the insider owned 26,413 shares in the company, valued at $9,904,875. This represents a 30.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ryan Mcinerney sold 8,630 shares of the stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $353.82, for a total transaction of $3,053,466.60. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 101,108 shares of company stock valued at $36,771,200. 0.13% of the stock is owned by 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.