Rockline Wealth Management LLC increased its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 4.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,153 shares of the credit-card processor's stock after purchasing an additional 1,226 shares during the quarter. Visa makes up about 2.6% of Rockline Wealth Management LLC's investment portfolio, making the stock its 7th biggest holding. Rockline Wealth Management LLC's holdings in Visa were worth $9,165,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in the business. Bradley & Co. Private Wealth Management LLC acquired a new stake in Visa in the fourth quarter valued at $27,000. Compass Planning Associates Inc acquired a new stake in Visa in the fourth quarter valued at $32,000. NewSquare Capital LLC acquired a new stake in Visa in the fourth quarter valued at $35,000. FPC Investment Advisory Inc. lifted its stake in Visa by 377.3% in the fourth quarter. FPC Investment Advisory Inc. now owns 105 shares of the credit-card processor's stock valued at $36,000 after acquiring an additional 83 shares during the last quarter. Finally, Sellwood Investment Partners LLC acquired a new stake in Visa in the fourth quarter valued at $41,000. Institutional investors and hedge funds own 82.15% of the company's stock.
Insider Buying and Selling at Visa
In other news, insider Paul D. Fabara sold 11,636 shares of the firm's stock in a transaction that occurred 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 sale, the insider now directly owns 26,413 shares in the company, valued at approximately $9,904,875. This trade represents a 30.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm'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 transaction of $2,978,899.60. Following the completion of the sale, the chief executive officer now owns 537 shares in the company, valued at approximately $185,576.46. The trade was a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 101,098 shares of company stock valued at $36,738,526 in the last ninety days. 0.13% of the stock is currently owned by company insiders.
Visa Price Performance
V stock traded down $2.34 during mid-day trading on Friday, hitting $338.04. The stock had a trading volume of 19,326,861 shares, compared to its average volume of 7,073,407. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.45. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $375.51. The firm has a market capitalization of $623.73 billion, a P/E ratio of 33.97, a P/E/G ratio of 2.29 and a beta of 0.94. The firm has a fifty day simple moving average of $351.78 and a 200 day simple moving average of $338.54.
Visa (NYSE:V - Get Free Report) last released its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 EPS for the quarter, beating the consensus estimate of $2.68 by $0.08. Visa had a net margin of 52.86% and a return on equity of 56.28%. The firm had revenue of $9.59 billion for the quarter, compared to analyst estimates of $9.57 billion. During the same period last year, the firm earned $2.51 EPS. The business's quarterly revenue was up 9.3% compared to the same quarter last year. As a group, research analysts forecast that Visa Inc. will post 11.3 EPS for the current year.
Visa Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.70%. The ex-dividend date was Tuesday, May 13th. Visa's dividend payout ratio is currently 23.72%.
Wall Street Analysts Forecast Growth
A number of analysts have commented on the stock. William Blair reiterated an "outperform" rating on shares of Visa in a research note on Wednesday, April 30th. UBS Group increased their price target on shares of Visa from $395.00 to $405.00 and gave the company a "buy" rating in a research note on Wednesday, May 28th. Wall Street Zen upgraded shares of Visa from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Evercore ISI assumed coverage on shares of Visa in a research note on Wednesday, April 9th. They issued an "in-line" rating and a $330.00 price target for the company. Finally, BMO Capital Markets increased their price target on shares of Visa from $370.00 to $380.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Five 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 company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $372.80.
Check Out Our Latest Stock Analysis on Visa
Visa Profile
(
Free Report)
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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