MW Advisory LLC Makes New $1.77 Million Investment in Visa Inc. $V

Key Points

• MW Advisory LLC acquired 5,161 Visa shares worth approximately $1.77 million in the second quarter, making Visa its 26th-largest holding and 0.7% of its portfolio. Institutional investors collectively own 82.15% of Visa.
• Visa reported quarterly EPS of $3.32, beating estimates by $0.09, while revenue rose 14.4% year over year to $11.63 billion. The company paid a $0.67 quarterly dividend, yielding approximately 0.7%.
• Wall Street remains bullish, with Visa receiving a consensus “Buy” rating and an average price target of $416.62 versus its reported share price of $374.46; however, insiders sold more than $37.5 million of stock during the quarter.

MW Advisory LLC acquired a new stake in Visa Inc. (NYSE:V - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 5,161 shares of the credit-card processor's stock, valued at approximately $1,771,000. Visa comprises approximately 0.7% of MW Advisory LLC's investment portfolio, making the stock its 26th biggest position.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Parvin Asset Management LLC boosted its position in Visa by 200.0% during the 3rd quarter. Parvin Asset Management LLC now owns 75 shares of the credit-card processor's stock valued at $26,000 after buying an additional 50 shares during the period. Philadelphia Investment Partners LLC purchased a new position in shares of Visa in the second quarter valued at about $29,000. Virtus Advisers LLC bought a new position in shares of Visa during the second quarter valued at about $33,000. RHL Group LLC bought a new position in shares of Visa during the fourth quarter valued at about $34,000. Finally, Timmons Wealth Management LLC purchased a new stake in shares of Visa during the fourth quarter worth about $34,000. Institutional investors own 82.15% of the company's stock.

Visa Trading Down 1.1%

Shares of V opened at $374.46 on Friday. The firm's 50-day moving average price is $363.63 and its 200-day moving average price is $333.27. The firm has a market capitalization of $668.20 billion, a price-to-earnings ratio of 31.84, a PEG ratio of 2.03 and a beta of 0.76. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.60. Visa Inc. has a 1-year low of $293.89 and a 1-year high of $385.57.

Visa (NYSE:V - Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The credit-card processor reported $3.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.23 by $0.09. Visa had a net margin of 50.78% and a return on equity of 67.68%. The company had revenue of $11.63 billion for the quarter, compared to analysts' expectations of $11.40 billion. During the same quarter in the previous year, the company earned $2.98 earnings per share. Visa's quarterly revenue was up 14.4% on a year-over-year basis. Sell-side analysts anticipate that Visa Inc. will post 13.16 EPS for the current year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th were given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Tuesday, August 11th. Visa's payout ratio is presently 22.79%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on V. JPMorgan Chase & Co. raised their target price on Visa from $400.00 to $450.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 29th. Wolfe Research reaffirmed an "outperform" rating and set a $460.00 price target (up from $435.00) on shares of Visa in a research report on Tuesday, August 25th. BNP Paribas Exane upgraded Visa to a "strong-buy" rating in a report on Tuesday, July 21st. UBS Group reiterated a "buy" rating and issued a $420.00 price objective (up from $410.00) on shares of Visa in a research report on Wednesday, July 29th. Finally, Susquehanna reissued a "positive" rating and set a $427.00 target price (up from $410.00) on shares of Visa in a research note on Wednesday, July 29th. Seven equities research analysts have rated the stock with a Strong Buy rating and twenty-four have given a Buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $416.62.

Insiders Place Their Bets

In other Visa news, insider Tullier Mahon sold 57,272 shares of the company's stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $364.97, for a total transaction of $20,902,561.84. Following the transaction, the insider owned 49,662 shares in the company, valued at approximately $18,125,140.14. This represents a 53.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Julie Rottenberg sold 2,028 shares of the stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $381.35, for a total value of $773,377.80. Following the completion of the transaction, the general counsel directly owned 18,404 shares of the company's stock, valued at $7,018,365.40. This represents a 9.93% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 104,537 shares of company stock worth $37,540,837. Company insiders own 0.12% of the company's stock.

Visa Company Profile

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world's largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa's network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa's product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.

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