Kathmere Capital Management LLC Grows Stock Position in Visa Inc. (NYSE:V)

Kathmere Capital Management LLC lifted its holdings in Visa Inc. (NYSE:V - Free Report) by 7.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,487 shares of the credit-card processor's stock after buying an additional 956 shares during the quarter. Kathmere Capital Management LLC's holdings in Visa were worth $4,727,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. von Borstel & Associates Inc. purchased a new stake in shares of Visa in the first quarter worth approximately $27,000. Sellwood Investment Partners LLC bought a new position in Visa in the fourth quarter worth approximately $41,000. Mountain Hill Investment Partners Corp. bought a new position in Visa in the fourth quarter worth approximately $47,000. Measured Risk Portfolios Inc. bought a new position in Visa in the fourth quarter worth approximately $47,000. Finally, O Brien Wealth Partners LLC bought a new position in Visa in the first quarter worth approximately $54,000. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on V. Truist Financial began coverage on Visa in a research note on Monday, June 2nd. They issued a "buy" rating and a $400.00 price objective on the stock. Susquehanna reissued a "positive" rating on shares of Visa in a research note on Friday, March 21st. Jefferies Financial Group increased their price objective on Visa from $400.00 to $410.00 and gave the stock a "buy" rating in a research note on Tuesday, May 27th. Citigroup began coverage on Visa in a research note on Monday, June 2nd. They issued a "buy" rating on the stock. Finally, BMO Capital Markets increased their price objective on Visa from $370.00 to $380.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Five equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $372.84.

Visa Stock Down 2.3%

Shares of V traded down $8.17 during midday trading on Friday, hitting $347.71. 7,577,927 shares of the company's stock traded hands, compared to its average volume of 6,822,520. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $375.51. The firm's fifty day moving average is $356.93 and its 200-day moving average is $342.71. 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 stock has a market capitalization of $641.58 billion, a price-to-earnings ratio of 34.95, a price-to-earnings-growth ratio of 2.36 and a beta of 0.92.

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

Visa Announces Dividend

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

Insider Buying and Selling

In related news, General Counsel Julie B. Rottenberg sold 2,575 shares of the firm's stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $345.58, for a total value of $889,868.50. Following the completion of the transaction, the general counsel owned 11,925 shares in the company, valued at $4,121,041.50. This trade represents a 17.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 value of $3,053,466.60. Following the completion of the transaction, the chief executive officer owned 537 shares of the company's stock, valued at $190,001.34. This trade represents a 94.14% decrease in their position. The disclosure for this sale can be found here. Insiders sold 101,108 shares of company stock worth $36,771,200 in the last 90 days. Insiders own 0.13% of the company's stock.

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.