Napa Wealth Management Makes New Investment in Visa Inc. $V

Key Points

• Napa Wealth Management has invested approximately $1.60 million in Visa Inc. by acquiring 4,567 shares in the first quarter of this year.
• Visa reported earnings of $2.98 per share for the last quarter, exceeding the consensus estimate of $2.85, and recorded a revenue of $10.17 billion, surpassing analyst expectations.
• The company will pay a quarterly dividend of $0.59 per share on September 2nd, with an annualized dividend yield of 0.7%.

Napa Wealth Management acquired a new stake in shares of Visa Inc. (NYSE:V - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 4,567 shares of the credit-card processor's stock, valued at approximately $1,601,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in V. Brighton Jones LLC grew its holdings in Visa by 50.1% during the fourth quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor's stock valued at $6,522,000 after purchasing an additional 6,883 shares during the last quarter. Revolve Wealth Partners LLC grew its holdings in Visa by 68.9% during the fourth quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor's stock valued at $3,733,000 after purchasing an additional 4,817 shares during the last quarter. Topsail Wealth Management LLC acquired a new position in Visa during the fourth quarter valued at approximately $1,676,000. Kovitz Investment Group Partners LLC grew its holdings in Visa by 295.4% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 2,362,202 shares of the credit-card processor's stock valued at $746,550,000 after purchasing an additional 1,764,781 shares during the last quarter. Finally, Rothschild Capital Partners LLC boosted its position in shares of Visa by 10.9% in the fourth quarter. Rothschild Capital Partners LLC now owns 41,365 shares of the credit-card processor's stock valued at $13,073,000 after acquiring an additional 4,082 shares during the period. Institutional investors own 82.15% of the company's stock.

Insider Buying and Selling at Visa

In other Visa news, General Counsel Julie B. Rottenberg sold 2,027 shares of the company's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $344.02, for a total value of $697,328.54. Following the sale, the general counsel directly owned 11,925 shares in the company, valued at $4,102,438.50. This represents a 14.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Paul D. Fabara sold 11,636 shares of the company's stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $375.00, for a total value of $4,363,500.00. Following the completion of the sale, the insider owned 26,413 shares in the company, valued at $9,904,875. This trade represents a 30.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have 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.

Analyst Ratings Changes

V has been the subject of several research reports. Wall Street Zen raised Visa from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Barclays reissued an "overweight" rating and issued a $408.00 price objective (up from $396.00) on shares of Visa in a research report on Thursday, July 31st. Jefferies Financial Group increased their price objective on Visa from $400.00 to $410.00 and gave the company a "buy" rating in a research report on Tuesday, May 27th. BMO Capital Markets increased their price objective on Visa from $370.00 to $380.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Finally, Morgan Stanley increased their price objective on Visa from $386.00 to $402.00 and gave the company an "overweight" rating in a research report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Visa has a consensus rating of "Moderate Buy" and an average price target of $380.84.

Visa Stock Performance

V stock traded up $5.6280 during midday trading on Friday, hitting $349.3180. The stock had a trading volume of 4,972,225 shares, compared to its average volume of 6,490,094. The firm has a market capitalization of $640.23 billion, a price-to-earnings ratio of 34.11, a P/E/G ratio of 2.33 and a beta of 0.94. Visa Inc. has a 52 week low of $265.31 and a 52 week high of $375.51. The stock has a 50-day simple moving average of $347.92 and a 200 day simple moving average of $347.39. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.52.

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

Visa Announces Dividend

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

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.