Meadow Creek Wealth Advisors LLC Has $1.88 Million Stock Position in Visa Inc. (NYSE:V)

Meadow Creek Wealth Advisors LLC boosted its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 15.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,361 shares of the credit-card processor's stock after acquiring an additional 732 shares during the quarter. Visa accounts for 1.4% of Meadow Creek Wealth Advisors LLC's portfolio, making the stock its 16th biggest holding. Meadow Creek Wealth Advisors LLC's holdings in Visa were worth $1,879,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Hirtle Callaghan & Co LLC boosted its holdings in Visa by 1.3% in the 4th quarter. Hirtle Callaghan & Co LLC now owns 2,291 shares of the credit-card processor's stock valued at $724,000 after purchasing an additional 29 shares during the last quarter. FWL Investment Management LLC boosted its holdings in Visa by 0.5% in the 4th quarter. FWL Investment Management LLC now owns 6,344 shares of the credit-card processor's stock valued at $2,005,000 after purchasing an additional 29 shares during the last quarter. Strategic Family Wealth Counselors L.L.C. boosted its holdings in Visa by 0.4% in the 4th quarter. Strategic Family Wealth Counselors L.L.C. now owns 7,283 shares of the credit-card processor's stock valued at $2,302,000 after purchasing an additional 30 shares during the last quarter. Capstone Financial Advisors Inc. boosted its holdings in Visa by 3.6% in the 4th quarter. Capstone Financial Advisors Inc. now owns 872 shares of the credit-card processor's stock valued at $276,000 after purchasing an additional 30 shares during the last quarter. Finally, Headinvest LLC boosted its holdings in Visa by 0.8% in the 4th quarter. Headinvest LLC now owns 4,003 shares of the credit-card processor's stock valued at $1,265,000 after purchasing an additional 30 shares during the last quarter. Hedge funds and other institutional investors own 82.15% of the company's stock.

Insider Buying and Selling

In related news, insider Paul D. Fabara sold 11,636 shares of the firm's stock in a transaction that occurred 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 directly owned 26,413 shares in the company, valued at approximately $9,904,875. This trade represents a 30.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 that occurred on Thursday, May 1st. The shares were sold at an average price of $345.58, for a total transaction of $889,868.50. Following the transaction, the general counsel directly owned 11,925 shares in the company, valued at approximately $4,121,041.50. The trade was a 17.76% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 101,108 shares of company stock worth $36,771,200. 0.13% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on V shares. William Blair restated an "outperform" rating on shares of Visa in a report on Wednesday, April 30th. Piper Sandler upped their price objective on shares of Visa from $383.00 to $384.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. Macquarie decreased their price objective on shares of Visa from $400.00 to $380.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Wall Street Zen upgraded shares of Visa from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Finally, Barclays restated an "overweight" rating on shares of Visa in a report on Friday, June 13th. 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 company. According to data from MarketBeat.com, Visa currently has a consensus rating of "Moderate Buy" and a consensus target price of $372.84.

Visa Price Performance

Shares of NYSE:V traded down $2.21 during trading hours on Monday, hitting $356.65. 5,135,922 shares of the company's stock traded hands, compared to its average volume of 6,843,617. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $375.51. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.08 and a current ratio of 1.08. The company's fifty day simple moving average is $356.17 and its two-hundred day simple moving average is $341.92. The company has a market cap of $658.08 billion, a price-to-earnings ratio of 35.84, a price-to-earnings-growth ratio of 2.43 and a beta of 0.92.

Visa (NYSE:V - Get Free Report) last announced its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 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 company had revenue of $9.59 billion during the quarter, compared to analysts' expectations of $9.57 billion. During the same period last year, the company posted $2.51 earnings per share. The business's revenue for the quarter was up 9.3% on a year-over-year basis. As a group, equities analysts anticipate that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 13th were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.66%. The ex-dividend date was Tuesday, May 13th. Visa's dividend 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.