Dogwood Wealth Management LLC Grows Stock Holdings in Visa Inc. (NYSE:V)

Dogwood Wealth Management LLC lifted its position in Visa Inc. (NYSE:V - Free Report) by 1,572.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,291 shares of the credit-card processor's stock after purchasing an additional 2,154 shares during the quarter. Dogwood Wealth Management LLC's holdings in Visa were worth $803,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. von Borstel & Associates Inc. bought a new stake in shares of Visa in the first quarter worth about $27,000. Sellwood Investment Partners LLC bought a new stake in Visa during the fourth quarter worth approximately $41,000. Mountain Hill Investment Partners Corp. bought a new stake in Visa during the fourth quarter worth approximately $47,000. Measured Risk Portfolios Inc. bought a new stake in Visa during the fourth quarter worth approximately $47,000. Finally, O Brien Wealth Partners LLC bought a new stake in Visa during the first quarter worth approximately $54,000. 82.15% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Oppenheimer boosted their price objective on Visa from $390.00 to $391.00 and gave the stock an "outperform" rating in a research note 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 research note on Wednesday, April 30th. Citigroup began coverage on Visa in a report on Monday, June 2nd. They issued a "buy" rating for the company. UBS Group boosted their price target on Visa from $395.00 to $405.00 and gave the company a "buy" rating in a report on Wednesday, May 28th. Finally, Wall Street Zen upgraded Visa from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Five analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Visa currently has an average rating of "Moderate Buy" and a consensus target price of $372.84.

Insider Transactions at Visa

In related news, insider Paul D. Fabara sold 11,636 shares of the firm's stock in a transaction dated Wednesday, June 11th. The shares were 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 of the company's stock, valued at approximately $9,904,875. This trade represents a 30.58% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of the firm's stock in a transaction dated Thursday, May 1st. The shares were 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 in the company, valued at $4,121,041.50. This represents a 17.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 101,108 shares of company stock valued at $36,771,200 in the last ninety days. 0.13% of the stock is currently owned by corporate insiders.

Visa Stock Performance

Shares of NYSE V traded down $8.66 during mid-day trading on Friday, hitting $347.22. The stock had a trading volume of 3,455,008 shares, compared to its average volume of 6,667,984. The company has a 50 day moving average of $356.93 and a two-hundred day moving average of $342.37. The firm has a market cap of $640.67 billion, a PE ratio of 34.91, a PEG ratio of 2.43 and a beta of 0.92. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.08 and a current ratio of 1.08. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $375.51.

Visa (NYSE:V - Get Free Report) last posted its 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 business had revenue of $9.59 billion for the quarter, compared to analyst estimates of $9.57 billion. During the same period in the prior year, the company posted $2.51 EPS. The company's revenue for the quarter was up 9.3% on a year-over-year basis. Research analysts predict that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th were paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.68%. The ex-dividend date was Tuesday, May 13th. Visa's payout ratio is currently 23.72%.

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.