Whelan Financial Has $718,000 Position in Visa Inc. (NYSE:V)

Whelan Financial grew its position in Visa Inc. (NYSE:V - Free Report) by 64.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,047 shares of the credit-card processor's stock after acquiring an additional 806 shares during the period. Visa comprises about 0.3% of Whelan Financial's portfolio, making the stock its 26th largest holding. Whelan Financial's holdings in Visa were worth $718,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of V. von Borstel & Associates Inc. bought a new stake in shares of Visa during the 1st quarter worth about $27,000. Sellwood Investment Partners LLC bought a new stake in shares of Visa during the 4th quarter worth about $41,000. Mountain Hill Investment Partners Corp. bought a new stake in shares of Visa during the 4th quarter worth about $47,000. Measured Risk Portfolios Inc. bought a new stake in shares of Visa during the 4th quarter worth about $47,000. Finally, O Brien Wealth Partners LLC bought a new stake in shares of Visa during the 1st quarter worth about $54,000. Institutional investors own 82.15% of the company's stock.

Visa Price Performance

V stock traded down $2.20 during trading on Thursday, reaching $355.56. 6,115,882 shares of the company were exchanged, compared to its average volume of 6,837,809. The company has a 50-day moving average of $356.66 and a two-hundred day moving average of $342.11. The company has a market capitalization of $656.07 billion, a price-to-earnings ratio of 35.74, a P/E/G ratio of 2.40 and a beta of 0.92. 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 1.08 and a quick ratio of 1.08.

Visa (NYSE:V - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $9.59 billion during the quarter, compared to analysts' expectations of $9.57 billion. Visa had a net margin of 52.86% and a return on equity of 56.28%. The firm's quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the company earned $2.51 EPS. As a group, equities analysts predict that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend was Tuesday, May 13th. Visa's payout ratio is 23.72%.

Insiders Place Their Bets

In other Visa news, CEO Ryan Mcinerney sold 8,630 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $353.82, for a total transaction of $3,053,466.60. Following the sale, the chief executive officer directly owned 537 shares of the company's stock, valued at $190,001.34. The trade was a 94.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Paul D. Fabara sold 11,636 shares of the business's stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $375.00, for a total transaction of $4,363,500.00. Following the sale, the insider directly owned 26,413 shares in the company, valued at $9,904,875. The trade was a 30.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 101,108 shares of company stock valued at $36,771,200 in the last ninety days. 0.13% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Piper Sandler lifted their target price on shares of Visa from $383.00 to $384.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. UBS Group lifted their target price on shares of Visa from $395.00 to $405.00 and gave the stock a "buy" rating in a report on Wednesday, May 28th. Macquarie reduced their target price on shares of Visa from $400.00 to $380.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Susquehanna reiterated a "positive" rating on shares of Visa in a research note on Friday, March 21st. Finally, The Goldman Sachs Group began coverage on shares of Visa in a research note on Monday, June 2nd. They issued a "neutral" rating for the company. Five analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Visa presently has an average rating of "Moderate Buy" and an average target price of $372.84.

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.