J.W. Cole Advisors Inc. Has $10.65 Million Stock Position in Visa Inc. (NYSE:V)

J.W. Cole Advisors Inc. lifted its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 18.6% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 30,383 shares of the credit-card processor's stock after acquiring an additional 4,755 shares during the period. J.W. Cole Advisors Inc.'s holdings in Visa were worth $10,648,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Hirtle Callaghan & Co LLC boosted its stake in shares of Visa by 1.3% during the 4th quarter. Hirtle Callaghan & Co LLC now owns 2,291 shares of the credit-card processor's stock worth $724,000 after acquiring an additional 29 shares in the last quarter. FWL Investment Management LLC raised its holdings in Visa by 0.5% in the 4th quarter. FWL Investment Management LLC now owns 6,344 shares of the credit-card processor's stock valued at $2,005,000 after acquiring an additional 29 shares in the last quarter. Yeomans Consulting Group Inc. raised its holdings 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 valued at $360,000 after acquiring an additional 29 shares in the last quarter. Capstone Financial Advisors Inc. grew its stake in shares of Visa by 3.6% in the 4th quarter. Capstone Financial Advisors Inc. now owns 872 shares of the credit-card processor's stock valued at $276,000 after purchasing an additional 30 shares during the period. Finally, Headinvest LLC grew its stake in shares of Visa by 0.8% in the 4th quarter. Headinvest LLC now owns 4,003 shares of the credit-card processor's stock valued at $1,265,000 after purchasing an additional 30 shares during the period. Hedge funds and other institutional investors own 82.15% of the company's stock.

Visa Stock Performance

V stock traded up $0.40 during mid-day trading on Tuesday, hitting $351.34. 2,903,849 shares of the company were exchanged, compared to its average volume of 6,774,842. The business has a 50 day simple moving average of $356.82 and a 200-day simple moving average of $344.02. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $648.27 billion, a PE ratio of 35.27, a price-to-earnings-growth ratio of 2.36 and a beta of 0.92. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $375.51.

Visa (NYSE:V - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.68 by $0.08. The firm had revenue of $9.59 billion during the quarter, compared to the consensus estimate of $9.57 billion. Visa had a net margin of 52.86% and a return on equity of 56.28%. The business's revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period last year, the business posted $2.51 earnings per share. On average, equities analysts forecast that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

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

Insiders Place Their Bets

In other news, insider Paul D. Fabara sold 11,636 shares of Visa 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 completion of the sale, the insider directly owned 26,413 shares in the company, valued at approximately $9,904,875. The trade was a 30.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of Visa 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 $889,868.50. Following the completion of the sale, the general counsel owned 11,925 shares of the company's stock, valued at approximately $4,121,041.50. The trade was a 17.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 101,108 shares of company stock worth $36,771,200 over the last three months. 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. Barclays restated an "overweight" rating on shares of Visa in a research report on Friday, June 13th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $410.00 price target on shares of Visa in a research note on Thursday, July 17th. Piper Sandler raised their price objective on Visa from $383.00 to $384.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 30th. Citigroup started coverage on Visa in a research note on Monday, June 2nd. They set a "buy" rating on the stock. Finally, Jefferies Financial Group increased their target price on Visa from $400.00 to $410.00 and gave the stock a "buy" rating in a report on Tuesday, May 27th. Five analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $375.52.

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.