Visa Inc. (NYSE:V) is Toth Financial Advisory Corp's 7th Largest Position

Toth Financial Advisory Corp decreased its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 8.4% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 47,577 shares of the credit-card processor's stock after selling 4,359 shares during the period. Visa makes up approximately 2.0% of Toth Financial Advisory Corp's investment portfolio, making the stock its 7th largest holding. Toth Financial Advisory Corp's holdings in Visa were worth $16,674,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of V. Bradley & Co. Private Wealth Management LLC purchased a new stake in Visa in the fourth quarter valued at approximately $27,000. POM Investment Strategies LLC boosted its position in Visa by 48.5% in the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor's stock valued at $31,000 after buying an additional 32 shares during the last quarter. Compass Planning Associates Inc purchased a new stake in Visa in the fourth quarter valued at approximately $32,000. NewSquare Capital LLC purchased a new stake in Visa in the fourth quarter valued at approximately $35,000. Finally, FPC Investment Advisory Inc. boosted its position 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 buying an additional 83 shares during the last quarter. Hedge funds and other institutional investors own 82.15% of the company's stock.

Analyst Ratings Changes

V has been the topic of a number of recent research reports. Oppenheimer reiterated an "outperform" rating on shares of Visa in a research report on Thursday, February 13th. Citigroup initiated coverage on Visa in a research report on Monday, June 2nd. They issued a "buy" rating on the stock. The Goldman Sachs Group initiated coverage on Visa in a research report on Monday, June 2nd. They issued a "neutral" rating on the stock. Piper Sandler upped their target price on Visa from $383.00 to $384.00 and gave the company an "overweight" rating in a research report on Wednesday, April 30th. Finally, Keefe, Bruyette & Woods restated a "hold" rating on shares of Visa in a research report on Thursday, February 13th. Five investment 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.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $372.80.

Visa Price Performance

NYSE V traded down $2.20 during mid-day trading on Thursday, hitting $371.11. The stock had a trading volume of 4,868,166 shares, compared to its average volume of 6,998,385. The firm's 50 day moving average is $347.68 and its 200 day moving average is $336.77. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $375.51. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. The stock has a market capitalization of $684.76 billion, a price-to-earnings ratio of 37.41, a PEG ratio of 2.33 and a beta of 0.94.

Visa (NYSE:V - Get Free Report) last posted its quarterly earnings data 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 return on equity of 54.79% and a net margin of 54.27%. The firm had revenue of $9.59 billion during the quarter, compared to the consensus estimate of $9.57 billion. During the same period in the prior year, the company earned $2.51 EPS. The firm's revenue was up 9.3% compared to the same quarter last year. Equities research analysts forecast that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 13th were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.64%. The ex-dividend date was Tuesday, May 13th. Visa's dividend payout ratio is currently 23.72%.

Insider Activity at Visa

In other news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $345.58, for a total transaction of $2,978,899.60. Following the completion of the transaction, the chief executive officer now directly owns 537 shares in the company, valued at approximately $185,576.46. This represents a 94.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Paul D. Fabara sold 39,350 shares of the stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $340.41, for a total value of $13,395,133.50. Following the transaction, the insider now owns 26,413 shares of the company's stock, valued at approximately $8,991,249.33. This represents a 59.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 179,798 shares of company stock valued at $63,008,979. 0.13% of the stock is owned by insiders.

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.