Graybill Wealth Management LTD. Invests $5.83 Million in Visa Inc. (NYSE:V)

Graybill Wealth Management LTD. purchased a new stake in Visa Inc. (NYSE:V - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 16,626 shares of the credit-card processor's stock, valued at approximately $5,827,000. Visa comprises 2.0% of Graybill Wealth Management LTD.'s holdings, making the stock its 20th largest position.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Hirtle Callaghan & Co LLC lifted its position in Visa by 1.3% during the fourth quarter. Hirtle Callaghan & Co LLC now owns 2,291 shares of the credit-card processor's stock valued at $724,000 after buying an additional 29 shares in the last quarter. FWL Investment Management LLC lifted its position in Visa by 0.5% during the fourth quarter. FWL Investment Management LLC now owns 6,344 shares of the credit-card processor's stock valued at $2,005,000 after buying an additional 29 shares in the last quarter. Capstone Financial Advisors Inc. lifted its position in Visa by 3.6% during the fourth quarter. Capstone Financial Advisors Inc. now owns 872 shares of the credit-card processor's stock valued at $276,000 after buying an additional 30 shares in the last quarter. Headinvest LLC lifted its position in Visa by 0.8% during the fourth quarter. Headinvest LLC now owns 4,003 shares of the credit-card processor's stock valued at $1,265,000 after buying an additional 30 shares in the last quarter. Finally, Kennebec Savings Bank lifted its position in Visa by 0.9% during the first quarter. Kennebec Savings Bank now owns 3,372 shares of the credit-card processor's stock valued at $1,182,000 after buying an additional 30 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company's stock.

Visa Stock Up 0.7%

Shares of NYSE:V opened at $350.45 on Tuesday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.45. The company has a fifty day simple moving average of $356.96 and a 200 day simple moving average of $343.09. The firm has a market cap of $646.63 billion, a PE ratio of 35.22, a price-to-earnings-growth ratio of 2.36 and a beta of 0.92. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $375.51.

Visa (NYSE:V - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.68 by $0.08. The business had revenue of $9.59 billion during the quarter, compared to analyst estimates of $9.57 billion. Visa had a net margin of 52.86% and a return on equity of 56.28%. The business's revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.51 earnings per share. On average, equities research analysts anticipate that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th were paid a dividend of $0.59 per share. The ex-dividend date was Tuesday, May 13th. This represents a $2.36 annualized dividend and a yield of 0.67%. Visa's payout ratio is 23.72%.

Insider Buying and Selling at Visa

In other Visa news, insider Paul D. Fabara sold 11,636 shares of the business's 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 completion of the sale, the insider owned 26,413 shares in the company, valued at $9,904,875. The trade was a 30.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Ryan Mcinerney sold 8,630 shares of the business's stock in a transaction 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 sale, the chief executive officer owned 537 shares of the company's stock, valued at approximately $190,001.34. The trade was a 94.14% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 101,108 shares of company stock worth $36,771,200 over the last 90 days. Insiders own 0.13% of the company's stock.

Analyst Upgrades and Downgrades

V has been the topic of a number of recent research reports. William Blair reaffirmed an "outperform" rating on shares of Visa in a research report on Wednesday, April 30th. Barclays reaffirmed an "overweight" rating on shares of Visa in a research report on Friday, June 13th. Piper Sandler lifted their price target on shares of Visa from $383.00 to $384.00 and gave the company an "overweight" rating in a research report on Wednesday, April 30th. Truist Financial assumed coverage on shares of Visa in a research note on Monday, June 2nd. They set a "buy" rating and a $400.00 price objective on the stock. Finally, Evercore ISI assumed coverage on shares of Visa in a research note on Wednesday, April 9th. They set an "in-line" rating and a $330.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Visa currently has a consensus rating of "Moderate Buy" and an average price target of $372.84.

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.

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