RVW Wealth LLC Raises Holdings in Visa Inc. (NYSE:V)

Key Points

• RVW Wealth LLC increased its stake in Visa Inc. by 452% in the first quarter, acquiring an additional 3,792 shares and bringing its total holdings to 4,631 shares, valued at approximately $1.62 million.
• Visa recently reported quarterly earnings of $2.98 per share, exceeding analyst expectations of $2.85, with quarterly revenue of $10.17 billion, up 14.3% year-over-year.
• The company declared a quarterly dividend of $0.59 per share, payable on September 2nd, which represents an annualized dividend yield of 0.67%.

RVW Wealth LLC raised its stake in Visa Inc. (NYSE:V - Free Report) by 452.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 4,631 shares of the credit-card processor's stock after purchasing an additional 3,792 shares during the quarter. RVW Wealth LLC's holdings in Visa were worth $1,623,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. von Borstel & Associates Inc. purchased a new stake in shares of Visa in the 1st quarter worth about $27,000. Measured Risk Portfolios Inc. bought a new stake in Visa during the fourth quarter worth about $47,000. O Brien Wealth Partners LLC bought a new stake in Visa during the first quarter worth about $54,000. Global X Japan Co. Ltd. purchased a new stake in Visa in the first quarter worth about $56,000. Finally, Cedar Mountain Advisors LLC increased its stake in shares of Visa by 28.5% during the first quarter. Cedar Mountain Advisors LLC now owns 167 shares of the credit-card processor's stock valued at $59,000 after purchasing an additional 37 shares in the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.

Visa Stock Performance

Shares of NYSE:V traded down $6.38 during trading on Friday, hitting $339.09. 1,172,342 shares of the stock traded hands, compared to its average volume of 6,577,767. The company has a fifty day moving average price of $355.36 and a two-hundred day moving average price of $346.13. Visa Inc. has a 52-week low of $254.51 and a 52-week high of $375.51. The company has a market cap of $625.68 billion, a price-to-earnings ratio of 33.30, a P/E/G ratio of 2.36 and a beta of 0.92. The company has a quick ratio of 1.08, a current ratio of 1.12 and a debt-to-equity ratio of 0.52.

Visa (NYSE:V - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $9.82 billion. During the same quarter in the previous year, the company earned $2.42 earnings per share. The firm's revenue for the quarter was up 14.3% on a year-over-year basis. As a group, equities analysts predict that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

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

Insider Activity

In other news, CEO Ryan Mcinerney sold 8,630 shares of Visa stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $353.82, for a total value of $3,053,466.60. Following the sale, the chief executive officer directly owned 537 shares of the company's stock, valued at $190,001.34. The trade was a 94.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Paul D. Fabara sold 46,214 shares of the stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $370.00, for a total value of $17,099,180.00. Following the completion of the transaction, the insider directly owned 26,413 shares of the company's stock, valued at approximately $9,772,810. This represents a 63.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 89,913 shares of company stock valued at $32,902,432. Insiders own 0.13% of the company's stock.

Wall Street Analyst Weigh In

V has been the topic of several recent research reports. Barclays restated an "overweight" rating and issued a $408.00 price target (up previously from $396.00) on shares of Visa in a research note on Thursday. Raymond James Financial reissued an "outperform" rating on shares of Visa in a research note on Wednesday. Truist Financial reduced their price target on Visa from $400.00 to $397.00 and set a "buy" rating for the company in a report on Thursday, July 17th. UBS Group reiterated a "buy" rating and issued a $415.00 price target (up previously from $405.00) on shares of Visa in a research note on Wednesday. Finally, The Goldman Sachs Group assumed coverage on shares of Visa in a research note on Monday, June 2nd. They set a "neutral" rating for the company. Five research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Visa has an average rating of "Moderate Buy" and a consensus target price 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.