Level Four Advisory Services LLC Has $13.96 Million Stock Holdings in Visa Inc. $V

Key Points

• Level Four Advisory Services LLC has reduced its stake in Visa Inc. by 4.1%, now holding approximately $13.96 million worth of shares, which constitute around 0.6% of its total portfolio.
• Visa's stock received a mixed range of ratings from analysts, with the consensus rating being a "Moderate Buy" and a current target price of $380.84.
• Visa recently announced a quarterly dividend of $0.59, reflecting an annualized yield of 0.7%, with the payout ratio standing at 23.05%.

Level Four Advisory Services LLC decreased its stake in Visa Inc. (NYSE:V - Free Report) by 4.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,832 shares of the credit-card processor's stock after selling 1,689 shares during the period. Visa accounts for approximately 0.6% of Level Four Advisory Services LLC's holdings, making the stock its 29th largest position. Level Four Advisory Services LLC's holdings in Visa were worth $13,960,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Keystone Global Partners LLC acquired a new position in shares of Visa during the 1st quarter worth approximately $26,000. von Borstel & Associates Inc. acquired a new stake in shares of Visa in the 1st quarter valued at approximately $27,000. Measured Risk Portfolios Inc. bought a new position in shares of Visa in the fourth quarter valued at $47,000. Navigoe LLC acquired a new position in Visa during the fourth quarter worth $53,000. Finally, O Brien Wealth Partners LLC acquired a new position in Visa during the first quarter worth $54,000. Institutional investors and hedge funds own 82.15% of the company's stock.

Analyst Ratings Changes

V has been the subject of a number of recent analyst reports. Truist Financial cut their price target on shares of Visa from $400.00 to $397.00 and set a "buy" rating for the company in a research note on Thursday, July 17th. BMO Capital Markets upped their target price on shares of Visa from $370.00 to $380.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Visa in a research note on Thursday, July 17th. They issued a "buy" rating and a $410.00 target price for the company. Mizuho raised Visa from a "neutral" rating to an "outperform" rating and boosted their price target for the stock from $359.00 to $425.00 in a research report on Thursday, June 5th. Finally, Wall Street Zen upgraded Visa from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, Visa presently has a consensus rating of "Moderate Buy" and a consensus target price of $380.84.

Visa Stock Down 0.1%

Shares of NYSE V opened at $342.51 on Wednesday. The company has a 50 day simple moving average of $349.13 and a 200 day simple moving average of $347.41. 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 Inc. has a 1 year low of $265.31 and a 1 year high of $375.51. The firm has a market cap of $627.75 billion, a PE ratio of 33.45, a price-to-earnings-growth ratio of 2.28 and a beta of 0.94.

Visa (NYSE:V - Get Free Report) last posted 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. Visa had a net margin of 52.16% and a return on equity of 58.93%. The firm had revenue of $10.17 billion for the quarter, compared to analyst estimates of $9.82 billion. During the same period in the previous year, the firm posted $2.42 EPS. The company's revenue for the quarter was up 14.3% compared to the same quarter last year. On average, research analysts forecast that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Tuesday, August 12th will be paid a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, August 12th. This represents a $2.36 annualized dividend and a dividend yield of 0.7%. Visa's payout ratio is currently 23.05%.

Insider Activity at Visa

In related news, General Counsel Julie B. Rottenberg sold 2,027 shares of the firm's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $344.02, for a total transaction of $697,328.54. Following the completion of the transaction, the general counsel directly owned 11,925 shares of the company's stock, valued at $4,102,438.50. This trade represents a 14.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Paul D. Fabara sold 11,636 shares of Visa stock in a transaction dated Wednesday, June 11th. The stock was 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 in the company, valued at $9,904,875. The trade was a 30.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 77,127 shares of company stock worth $28,340,553 over the last three months. Company 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.

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