Drucker Wealth 3.0 LLC Decreases Stake in Visa Inc. $V

Key Points

• Drucker Wealth 3.0 LLC reduced its stake in Visa Inc. by 17.7%, owning 6,386 shares after selling 1,372 shares in Q2, with holdings valued at $2.28 million.
• Several large investors increased their stakes in Visa, including Fjarde AP Fonden Fourth Swedish National Pension Fund, which boosted its stake by 14.5% in Q1.
• Visa reported a quarterly earnings surpassing estimates, with earnings per share at $2.98 and revenues of $10.17 billion, reflecting a 14.3% revenue growth compared to the previous year.

Drucker Wealth 3.0 LLC lowered its position in Visa Inc. (NYSE:V - Free Report) by 17.7% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 6,386 shares of the credit-card processor's stock after selling 1,372 shares during the quarter. Drucker Wealth 3.0 LLC's holdings in Visa were worth $2,284,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in V. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in Visa by 14.5% in the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 455,183 shares of the credit-card processor's stock worth $159,523,000 after purchasing an additional 57,800 shares during the period. Precedent Wealth Partners LLC boosted its stake in Visa by 7.5% in the 2nd quarter. Precedent Wealth Partners LLC now owns 1,588 shares of the credit-card processor's stock worth $564,000 after purchasing an additional 111 shares during the period. Consilium Wealth Advisory LLC bought a new position in Visa in the 2nd quarter worth about $862,000. Iron Gate Global Advisors LLC boosted its stake in Visa by 5.9% in the 1st quarter. Iron Gate Global Advisors LLC now owns 62,890 shares of the credit-card processor's stock worth $22,040,000 after purchasing an additional 3,484 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Visa by 7.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 14,277,146 shares of the credit-card processor's stock worth $5,003,569,000 after purchasing an additional 955,392 shares during the period. Hedge funds and other institutional investors own 82.15% of the company's stock.

Visa Stock Performance

NYSE:V opened at $348.39 on Wednesday. The business has a 50 day moving average of $344.01 and a 200 day moving average of $346.98. The company has a market capitalization of $638.53 billion, a price-to-earnings ratio of 34.02, a PEG ratio of 2.03 and a beta of 0.90. Visa Inc. has a 1-year low of $278.35 and a 1-year high of $375.51. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.12 and a quick ratio of 1.12.

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

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, August 12th were given a $0.59 dividend. The ex-dividend date was Tuesday, August 12th. This represents a $2.36 dividend on an annualized basis and a yield of 0.7%. Visa's payout ratio is presently 23.05%.

Wall Street Analyst Weigh In

Several brokerages have commented on V. Macquarie raised their target price on Visa from $380.00 to $425.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Oppenheimer lifted their price target on Visa from $390.00 to $391.00 and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. UBS Group reiterated a "buy" rating and set a $415.00 price target (up previously from $405.00) on shares of Visa in a research report on Wednesday, July 30th. Erste Group Bank downgraded Visa from a "buy" rating to a "hold" rating in a research report on Monday, September 22nd. Finally, Truist Financial dropped their price target on Visa from $400.00 to $397.00 and set a "buy" rating for the company in a research report on Thursday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Visa presently has an average rating of "Moderate Buy" and an average target price of $389.00.

Insider Buying and Selling

In other Visa news, CEO Ryan Mcinerney sold 10,485 shares of Visa stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $342.30, for a total value of $3,589,015.50. Following the transaction, the chief executive officer directly owned 537 shares of the company's stock, valued at $183,815.10. The trade was a 95.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of Visa stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $344.02, for a total value of $697,328.54. Following the completion of the transaction, the general counsel directly owned 11,925 shares in the company, valued at $4,102,438.50. This trade represents a 14.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.13% of the company's stock.

Visa Company 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.

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