Stratos Wealth Advisors LLC Sells 1,102 Shares of Visa Inc. $V

Key Points

• Stratos Wealth Advisors LLC reduced its stake in Visa Inc. by 2.9%, now owning 36,813 shares valued at approximately $13.07 million.
• Insider transactions included General Counsel Julie B. Rottenberg selling 2,027 shares for about $697,329 and CEO Ryan Mcinerney selling 10,485 shares for roughly $3.59 million.
• Visa's stock is currently rated "Moderate Buy" with a consensus price target of $389.00 as several analysts maintain positive outlooks on the company.

Stratos Wealth Advisors LLC lowered its stake in Visa Inc. (NYSE:V - Free Report) by 2.9% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,813 shares of the credit-card processor's stock after selling 1,102 shares during the quarter. Stratos Wealth Advisors LLC's holdings in Visa were worth $13,071,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Keystone Global Partners LLC bought a new stake in Visa during the 1st quarter valued at $26,000. Family Legacy Financial Solutions LLC purchased a new position in Visa during the 2nd quarter worth $28,000. von Borstel & Associates Inc. purchased a new position in Visa during the 1st quarter worth $27,000. Harbor Asset Planning Inc. purchased a new position in Visa during the 2nd quarter worth $29,000. Finally, Cranbrook Wealth Management LLC boosted its holdings in shares of Visa by 82.0% in the 2nd quarter. Cranbrook Wealth Management LLC now owns 91 shares of the credit-card processor's stock worth $32,000 after buying an additional 41 shares during the last quarter. Institutional investors own 82.15% of the company's stock.

Insider Transactions at Visa

In other news, General Counsel Julie B. Rottenberg sold 2,027 shares of the stock in a transaction dated Monday, August 18th. The shares were 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 of the company's stock, valued at approximately $4,102,438.50. This represents a 14.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Ryan Mcinerney sold 10,485 shares of the stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $342.30, for a total transaction of $3,589,015.50. Following the completion of the sale, the chief executive officer directly owned 537 shares in the company, valued at approximately $183,815.10. The trade was a 95.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company's stock.

Wall Street Analysts Forecast Growth

V has been the topic of a number of research analyst reports. 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. UBS Group reissued a "buy" rating and issued a $415.00 price target (up from $405.00) on shares of Visa in a report on Wednesday, July 30th. Oppenheimer boosted their price target on shares of Visa from $390.00 to $391.00 and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. Raymond James Financial reissued an "outperform" rating on shares of Visa in a report on Wednesday, July 30th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Visa in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $389.00.

Visa Trading Up 0.7%

Shares of Visa stock opened at $344.44 on Tuesday. Visa Inc. has a 52-week low of $280.78 and a 52-week high of $375.51. The stock's 50-day simple moving average is $344.47 and its 200 day simple moving average is $347.11. The stock has a market capitalization of $631.28 billion, a P/E ratio of 33.64, a P/E/G ratio of 2.03 and a beta of 0.90. 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 (NYSE:V - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.85 by $0.13. Visa had a return on equity of 58.93% and a net margin of 52.16%.The business had revenue of $10.17 billion for the quarter, compared to analysts' expectations of $9.82 billion. During the same period in the previous year, the business posted $2.42 EPS. The firm's quarterly revenue was up 14.3% compared to the same quarter last year. As a group, research analysts anticipate that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

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