Visa Inc. $V is Toth Financial Advisory Corp's 7th Largest Position

Key Points

• Toth Financial Advisory Corp has increased its Visa holdings by 2.9% in Q2, making Visa its 7th largest position, valued at approximately $17.39 million.
• Visa's quarterly earnings for July topped expectations with $2.98 per share, exceeding the $2.85 consensus, and revenue reached $10.17 billion, surpassing the $9.82 billion estimate.
• Insider selling was reported, with General Counsel Julie B. Rottenberg selling 2,027 shares and CEO Ryan Mcinerney selling 8,630 shares, indicating a notable decrease in their holdings.

Toth Financial Advisory Corp grew its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 2.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 48,978 shares of the credit-card processor's stock after purchasing an additional 1,401 shares during the quarter. Visa makes up 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 $17,390,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. Yeomans Consulting Group Inc. increased 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 worth $360,000 after acquiring an additional 29 shares during the last quarter. Semus Wealth Partners LLC boosted its position in shares of Visa by 0.8% during the 1st quarter. Semus Wealth Partners LLC now owns 3,449 shares of the credit-card processor's stock valued at $1,209,000 after acquiring an additional 29 shares during the last quarter. Kennebec Savings Bank boosted its position in shares of Visa by 0.9% during the 1st quarter. Kennebec Savings Bank now owns 3,372 shares of the credit-card processor's stock valued at $1,182,000 after acquiring an additional 30 shares during the last quarter. Capital Advisors Ltd. LLC boosted its position in shares of Visa by 0.8% during the 1st quarter. Capital Advisors Ltd. LLC now owns 3,839 shares of the credit-card processor's stock valued at $1,345,000 after acquiring an additional 30 shares during the last quarter. Finally, Wood Tarver Financial Group LLC boosted its position in shares of Visa by 11.1% during the 1st quarter. Wood Tarver Financial Group LLC now owns 301 shares of the credit-card processor's stock valued at $105,000 after acquiring an additional 30 shares during the last quarter. Hedge funds and other institutional investors own 82.15% of the company's stock.

Visa Stock Performance

NYSE:V opened at $344.28 on Tuesday. The business has a 50 day moving average of $345.58 and a 200 day moving average of $346.37. The company has a market capitalization of $630.99 billion, a price-to-earnings ratio of 33.62, a PEG ratio of 2.27 and a beta of 0.92. Visa Inc. has a 1-year low of $268.23 and a 1-year high of $375.51. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.12 and a quick ratio of 1.12.

Visa (NYSE:V - Get Free Report) last released its earnings results on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share for the quarter, topping analysts' consensus estimates of $2.85 by $0.13. The company had revenue of $10.17 billion during the quarter, compared to the consensus estimate of $9.82 billion. Visa had a return on equity of 58.93% and a net margin of 52.16%.Visa's quarterly revenue was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.42 EPS. On average, sell-side analysts predict that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 12th were given a $0.59 dividend. The ex-dividend date was Tuesday, August 12th. This represents a $2.36 annualized dividend and a yield of 0.7%. Visa's payout ratio is presently 23.05%.

Insider Activity at Visa

In other Visa news, General Counsel Julie B. Rottenberg sold 2,027 shares of the business's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $344.02, for a total value of $697,328.54. Following the completion of the sale, the general counsel owned 11,925 shares in the company, valued at approximately $4,102,438.50. The trade was a 14.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 value of $3,053,466.60. Following the completion of the sale, the chief executive officer owned 537 shares of the company's stock, valued at $190,001.34. The trade was a 94.14% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.13% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on V. Erste Group Bank downgraded Visa from a "buy" rating to a "hold" rating in a research report on Monday. Deutsche Bank Aktiengesellschaft began coverage on Visa in a research report on Thursday, July 17th. They set a "buy" rating and a $410.00 price target for the company. Morgan Stanley lifted their price target on Visa from $386.00 to $402.00 and gave the company an "overweight" rating in a research report on Wednesday, July 30th. Jefferies Financial Group lifted their price target on Visa from $400.00 to $410.00 and gave the company a "buy" rating in a research report on Tuesday, May 27th. Finally, Oppenheimer lifted their price target on Visa from $390.00 to $391.00 and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $385.96.

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.

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