Motley Fool Asset Management LLC Increases Stock Position in Visa Inc. (NYSE:V)

Key Points

• Motley Fool Asset Management LLC increased its stake in Visa Inc. by 2.8%, now owning 101,180 shares valued at approximately $35.46 million, making it the fund's 14th largest position.
• Visa reported **earnings per share** of $2.98 for the last quarter, surpassing expectations, with a net margin of 52.16% and revenues of $10.17 billion, a 14.3% increase year-over-year.
• The company declared a quarterly dividend of **$0.59** per share, representing a dividend yield of 0.7%, which is set to be paid on September 2nd to shareholders on record as of August 12th.

Motley Fool Asset Management LLC grew its position in Visa Inc. (NYSE:V - Free Report) by 2.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 101,180 shares of the credit-card processor's stock after purchasing an additional 2,738 shares during the period. Visa comprises about 2.0% of Motley Fool Asset Management LLC's portfolio, making the stock its 14th largest position. Motley Fool Asset Management LLC's holdings in Visa were worth $35,460,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. von Borstel & Associates Inc. purchased a new stake in Visa during the first quarter worth about $27,000. Measured Risk Portfolios Inc. purchased a new stake in Visa during the fourth quarter worth about $47,000. Navigoe LLC purchased a new stake in Visa during the fourth quarter worth about $53,000. O Brien Wealth Partners LLC bought a new position in Visa during the first quarter worth about $54,000. Finally, Global X Japan Co. Ltd. bought a new position in Visa during the first quarter worth about $56,000. Hedge funds and other institutional investors own 82.15% of the company's stock.

Visa Stock Performance

Visa stock opened at $336.86 on Monday. The firm's fifty day moving average price is $352.79 and its 200-day moving average price is $347.26. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a market cap of $617.39 billion, a P/E ratio of 32.90, a price-to-earnings-growth ratio of 2.25 and a beta of 0.94. Visa Inc. has a fifty-two week low of $258.74 and a fifty-two week high of $375.51.

Visa (NYSE:V - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share for the quarter, beating the consensus estimate of $2.85 by $0.13. The firm had revenue of $10.17 billion for the quarter, compared to analysts' expectations of $9.82 billion. Visa had a net margin of 52.16% and a return on equity of 58.93%. The business's quarterly revenue was up 14.3% on a year-over-year basis. During the same quarter last year, the company posted $2.42 EPS. On average, equities research analysts expect that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 12th will be paid a dividend of $0.59 per share. 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 dividend payout ratio (DPR) is 23.05%.

Insider Activity at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,630 shares of Visa stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 537 shares of the company's stock, valued at approximately $190,001.34. This trade represents a 94.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Paul D. Fabara sold 46,214 shares of Visa stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $370.00, for a total transaction of $17,099,180.00. Following the transaction, the insider directly owned 26,413 shares in the company, valued at $9,772,810. This trade represents a 63.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 75,100 shares of company stock worth $27,643,224 over the last three months. Insiders own 0.13% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on V. Mizuho upgraded shares of Visa from a "neutral" rating to an "outperform" rating and increased their target price for the stock from $359.00 to $425.00 in a research report on Thursday, June 5th. Wall Street Zen upgraded shares of Visa from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Macquarie increased their target price on shares of Visa from $380.00 to $425.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. BMO Capital Markets increased their target price on shares of Visa from $370.00 to $380.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Finally, Truist Financial cut their target price on shares of Visa from $400.00 to $397.00 and set a "buy" rating for the company in a research report on Thursday, July 17th. Five research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned 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 $380.84.

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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