Natural Investments LLC Purchases 944 Shares of Visa Inc. $V

Key Points

• Natural Investments LLC increased its stake in Visa Inc. by 17.6%, acquiring 944 additional shares, bringing its total holdings to 6,306 shares valued at approximately $2.24 million.
• Visa's CEO, Ryan Mcinerney, recently sold 10,485 shares at an average price of $342.30, representing a significant decrease of 95.13% in his position within the company.
• Analysts have a generally positive outlook on Visa, with an average price target of $389.00 and a majority rating the stock as a Buy or Outperform.

Natural Investments LLC boosted its position in Visa Inc. (NYSE:V - Free Report) by 17.6% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 6,306 shares of the credit-card processor's stock after purchasing an additional 944 shares during the period. Natural Investments LLC's holdings in Visa were worth $2,238,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Yeomans Consulting Group Inc. lifted its stake in Visa by 2.9% in the 1st quarter. Yeomans Consulting Group Inc. now owns 1,027 shares of the credit-card processor's stock worth $360,000 after purchasing an additional 29 shares in the last quarter. Semus Wealth Partners LLC lifted its stake in Visa by 0.8% in the 1st quarter. Semus Wealth Partners LLC now owns 3,449 shares of the credit-card processor's stock worth $1,209,000 after purchasing an additional 29 shares in the last quarter. BankPlus Wealth Management LLC increased its holdings in shares of Visa by 0.9% in the 2nd quarter. BankPlus Wealth Management LLC now owns 3,338 shares of the credit-card processor's stock worth $1,185,000 after buying an additional 29 shares during the last quarter. Wood Tarver Financial Group LLC increased its holdings in shares of Visa by 11.1% in the 1st quarter. Wood Tarver Financial Group LLC now owns 301 shares of the credit-card processor's stock worth $105,000 after buying an additional 30 shares during the last quarter. Finally, Synergy Investment Management LLC increased its holdings in shares of Visa by 5.3% in the 1st quarter. Synergy Investment Management LLC now owns 597 shares of the credit-card processor's stock worth $209,000 after buying an additional 30 shares during the last quarter. 82.15% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Macquarie increased their price target on shares of Visa from $380.00 to $425.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Truist Financial decreased their price target on shares of Visa from $400.00 to $397.00 and set a "buy" rating on the stock in a report on Thursday, July 17th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Visa in a report on Thursday, July 17th. They issued a "buy" rating and a $410.00 price target on the stock. Robert W. Baird set a $410.00 price target on shares of Visa and gave the stock an "outperform" rating in a report on Monday, October 6th. Finally, Erste Group Bank lowered shares of Visa from a "buy" rating to a "hold" rating in a report on Monday, September 22nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $389.00.

Insiders Place Their Bets

In other Visa news, CEO Ryan Mcinerney sold 10,485 shares of the firm's stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $342.30, for a total value of $3,589,015.50. Following the sale, the chief executive officer owned 537 shares of the company's stock, valued at $183,815.10. This trade represents a 95.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 sale, the general counsel directly owned 11,925 shares in the company, valued at approximately $4,102,438.50. This trade represents a 14.53% decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is owned by company insiders.

Visa Price Performance

V stock opened at $345.81 on Thursday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.12 and a current ratio of 1.12. Visa Inc. has a 52 week low of $278.35 and a 52 week high of $375.51. The firm's fifty day moving average is $344.14 and its 200 day moving average is $346.97. The firm has a market cap of $633.80 billion, a P/E ratio of 33.77, a P/E/G ratio of 2.06 and a beta of 0.90.

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

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 12th were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was 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.

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