Revisor Wealth Management LLC Has $1.15 Million Stake in Visa Inc. (NYSE:V)

Revisor Wealth Management LLC increased its stake in shares of Visa Inc. (NYSE:V - Free Report) by 37.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,270 shares of the credit-card processor's stock after purchasing an additional 897 shares during the period. Revisor Wealth Management LLC's holdings in Visa were worth $1,146,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Sellwood Investment Partners LLC acquired a new position in Visa in the fourth quarter valued at about $41,000. Mountain Hill Investment Partners Corp. acquired a new position in Visa in the fourth quarter valued at about $47,000. Measured Risk Portfolios Inc. acquired a new position in Visa in the fourth quarter valued at about $47,000. Navigoe LLC acquired a new position in Visa in the fourth quarter valued at about $53,000. Finally, O Brien Wealth Partners LLC acquired a new position in Visa in the first quarter valued at about $54,000. 82.15% of the stock is owned by institutional investors and hedge funds.

Visa Stock Down 0.6%

V traded down $2.21 on Tuesday, hitting $354.43. 6,964,583 shares of the company were exchanged, compared to its average volume of 6,837,239. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $375.51. The company has a market cap of $653.98 billion, a PE ratio of 35.62, a PEG ratio of 2.42 and a beta of 0.92. 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 stock's fifty day moving average is $356.43 and its 200-day moving average is $342.00.

Visa (NYSE:V - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.68 by $0.08. The firm had revenue of $9.59 billion for the quarter, compared to analyst estimates of $9.57 billion. Visa had a return on equity of 56.28% and a net margin of 52.86%. The business's revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.51 earnings per share. Equities research analysts predict that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th were paid a $0.59 dividend. The ex-dividend date was Tuesday, May 13th. This represents a $2.36 annualized dividend and a yield of 0.67%. Visa's dividend payout ratio is 23.72%.

Wall Street Analysts Forecast Growth

V has been the subject of a number of research analyst reports. Jefferies Financial Group boosted their target price on Visa from $400.00 to $410.00 and gave the company a "buy" rating in a research note on Tuesday, May 27th. Piper Sandler boosted their price target on Visa from $383.00 to $384.00 and gave the company an "overweight" rating in a report on Wednesday, April 30th. Barclays restated an "overweight" rating on shares of Visa in a report on Friday, June 13th. Macquarie cut their price target on Visa from $400.00 to $380.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Finally, Mizuho upgraded Visa from a "neutral" rating to an "outperform" rating and boosted their price target for the company from $359.00 to $425.00 in a report on Thursday, June 5th. Five investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $372.84.

Insider Buying and Selling at Visa

In other Visa news, insider Paul D. Fabara sold 11,636 shares of the company's stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $375.00, for a total value of $4,363,500.00. Following the sale, the insider owned 26,413 shares in the company, valued at $9,904,875. This represents a 30.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of the company'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 value of $889,868.50. Following the completion of the sale, the general counsel owned 11,925 shares in the company, valued at $4,121,041.50. This represents a 17.76% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 101,108 shares of company stock worth $36,771,200 over the last 90 days. Company insiders own 0.13% of the company's stock.

About Visa

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.