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Liberty Wealth Management LLC Boosts Stock Position in Visa Inc. (NYSE:V)

Visa logo with Business Services background

Key Points

  • Liberty Wealth Management LLC increased its holdings in Visa Inc. by 439.9% during the first quarter, owning 59,696 shares worth approximately $20.9 million.
  • Despite a positive Q3 earnings report with an EPS of $2.98, Visa's stock saw a decrease of 1.9%, opening at $338.81.
  • Visa announced a quarterly dividend of $0.59 per share, with a yield of 0.7% scheduled for payment on September 2nd.
  • Five stocks we like better than Visa.

Liberty Wealth Management LLC grew its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 439.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 59,696 shares of the credit-card processor's stock after purchasing an additional 48,639 shares during the quarter. Liberty Wealth Management LLC's holdings in Visa were worth $20,921,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. von Borstel & Associates Inc. acquired a new stake in Visa in the 1st quarter valued at $27,000. Measured Risk Portfolios Inc. acquired a new stake in Visa in the 4th quarter valued at $47,000. O Brien Wealth Partners LLC acquired a new stake in Visa in the 1st quarter valued at $54,000. Global X Japan Co. Ltd. acquired a new stake in Visa in the 1st quarter valued at $56,000. Finally, Cedar Mountain Advisors LLC increased its holdings in Visa by 28.5% in the 1st 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. Hedge funds and other institutional investors own 82.15% of the company's stock.

Insider Buying and Selling

In related news, CEO Ryan Mcinerney sold 8,630 shares of Visa stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $353.82, for a total value of $3,053,466.60. Following the sale, the chief executive officer owned 537 shares in the company, valued at $190,001.34. The trade was a 94.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Paul D. Fabara sold 11,636 shares of the firm's stock in a transaction 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 transaction, the insider directly owned 26,413 shares of the company's stock, valued at $9,904,875. This represents a 30.58% decrease in their position. The disclosure for this sale can be found here. Insiders sold 89,913 shares of company stock worth $32,902,432 over the last ninety days. 0.13% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on V shares. Evercore ISI started coverage on shares of Visa in a research report on Wednesday, April 9th. They set an "in-line" rating and a $330.00 price target on the stock. Mizuho raised shares of Visa from a "neutral" rating to an "outperform" rating and increased their price target for the stock from $359.00 to $425.00 in a research report on Thursday, June 5th. Piper Sandler increased their price target on shares of Visa from $383.00 to $384.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 30th. William Blair reaffirmed an "outperform" rating on shares of Visa in a research report on Wednesday, April 30th. Finally, Barclays reaffirmed an "overweight" rating and set a $408.00 price target (up previously from $396.00) on shares of Visa in a research report on Thursday. Five analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $380.84.

View Our Latest Stock Report on Visa

Visa Trading Down 1.9%

V traded down $6.66 during trading on Friday, reaching $338.81. 8,655,366 shares of the company's stock were exchanged, compared to its average volume of 6,179,344. Visa Inc. has a one year low of $254.51 and a one year high of $375.51. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $625.16 billion, a PE ratio of 33.09, a price-to-earnings-growth ratio of 2.26 and a beta of 0.94. The firm has a fifty day moving average price of $355.06 and a two-hundred day moving average price of $346.75.

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, topping the consensus estimate of $2.85 by $0.13. Visa had a net margin of 52.16% and a return on equity of 58.93%. The firm had revenue of $10.17 billion for the quarter, compared to the consensus estimate of $9.82 billion. During the same quarter in the prior year, the company posted $2.42 earnings per share. The business's revenue was up 14.3% on a year-over-year basis. As a group, equities research analysts forecast that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Tuesday, August 12th will be paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Tuesday, August 12th. Visa's dividend payout ratio (DPR) is currently 23.05%.

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.

See Also

Institutional Ownership by Quarter for Visa (NYSE:V)

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