Crown Oak Advisors LLC boosted its stake in Visa Inc. (NYSE:V - Free Report) by 1.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,824 shares of the credit-card processor's stock after acquiring an additional 808 shares during the period. Visa accounts for 11.5% of Crown Oak Advisors LLC's portfolio, making the stock its 2nd largest position. Crown Oak Advisors LLC's holdings in Visa were worth $22,718,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently added to or reduced their stakes in the company. Capital & Planning LLC increased its stake in Visa by 21.2% during the fourth quarter. Capital & Planning LLC now owns 949 shares of the credit-card processor's stock valued at $300,000 after purchasing an additional 166 shares during the last quarter. Sovereign Investment Advisors LLC acquired a new position in shares of Visa in the 4th quarter valued at about $424,000. Brighton Jones LLC grew its position in shares of Visa by 50.1% during the 4th quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor's stock valued at $6,522,000 after buying an additional 6,883 shares during the last quarter. Union Bancaire Privee UBP SA bought a new stake in shares of Visa during the 4th quarter valued at about $202,074,000. Finally, Revolve Wealth Partners LLC raised its stake in Visa by 68.9% during the fourth quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor's stock worth $3,733,000 after acquiring an additional 4,817 shares during the period. 82.15% of the stock is currently owned by institutional investors.
Visa Stock Up 0.7%
Shares of V stock opened at $357.89 on Wednesday. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $375.51. 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 business's fifty day moving average is $351.22 and its 200-day moving average is $338.19. The stock has a market cap of $660.37 billion, a PE ratio of 35.97, a price-to-earnings-growth ratio of 2.39 and a beta of 0.94.
Visa (NYSE:V - Get Free Report) last released its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.68 by $0.08. Visa had a return on equity of 56.28% and a net margin of 52.86%. The firm had revenue of $9.59 billion for the quarter, compared to analyst estimates of $9.57 billion. During the same period in the previous year, the company earned $2.51 earnings per share. Visa's revenue was up 9.3% compared to the same quarter last year. Equities analysts expect that Visa Inc. will post 11.3 earnings per share for the current fiscal year.
Visa Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 13th were issued a $0.59 dividend. The ex-dividend date was Tuesday, May 13th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.66%. Visa's payout ratio is currently 23.72%.
Insider Buying and Selling
In other news, CEO Ryan Mcinerney sold 8,620 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $362.77, for a total transaction of $3,127,077.40. Following the sale, the chief executive officer now owns 537 shares in the company, valued at $194,807.49. The trade was a 94.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Paul D. Fabara sold 11,636 shares of the company'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 transaction of $4,363,500.00. Following the completion of the sale, the insider now owns 26,413 shares of the company's stock, valued at approximately $9,904,875. This trade represents a 30.58% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 101,098 shares of company stock worth $36,738,526 in the last ninety days. 0.13% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
Several equities analysts have recently commented on the company. Barclays reaffirmed an "overweight" rating on shares of Visa in a report on Friday. Citigroup started coverage on Visa in a research report on Monday, June 2nd. They set a "buy" rating for the company. Piper Sandler increased their target price on Visa from $383.00 to $384.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 30th. Evercore ISI assumed coverage on Visa in a research note on Wednesday, April 9th. They issued an "in-line" rating and a $330.00 target price on the stock. Finally, The Goldman Sachs Group began coverage on shares of Visa in a research report 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 issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Visa currently has a consensus rating of "Moderate Buy" and a consensus target price of $372.80.
Check Out Our Latest Stock Analysis on V
Visa Company 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.
Further Reading
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