Visa Inc. $V Shares Purchased by JT Stratford LLC

Key Points

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JT Stratford LLC increased its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 146.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,480 shares of the credit-card processor's stock after purchasing an additional 4,440 shares during the period. JT Stratford LLC's holdings in Visa were worth $2,621,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of V. Keystone Global Partners LLC acquired a new stake in shares of Visa in the 1st quarter worth $26,000. von Borstel & Associates Inc. acquired a new stake in shares of Visa in the 1st quarter worth $27,000. Measured Risk Portfolios Inc. acquired a new stake in shares of Visa in the fourth quarter valued at about $47,000. O Brien Wealth Partners LLC acquired a new stake in shares of Visa in the first quarter valued at about $54,000. Finally, Global X Japan Co. Ltd. acquired a new stake in shares of Visa in the first quarter valued at about $56,000. Institutional investors and hedge funds own 82.15% of the company's stock.

Visa Price Performance

Visa stock opened at $342.81 on Tuesday. Visa Inc. has a 1 year low of $265.23 and a 1 year high of $375.51. The firm has a 50 day moving average price of $349.69 and a 200 day moving average price of $347.45. The company has a market cap of $628.30 billion, a price-to-earnings ratio of 33.48, a PEG ratio of 2.29 and a beta of 0.94. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.12 and a current 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 (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $9.82 billion. During the same period in the previous year, the firm earned $2.42 earnings per share. Visa's revenue was up 14.3% compared to the same quarter last year. Sell-side analysts predict that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 12th will be paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 0.7%. The ex-dividend date is Tuesday, August 12th. Visa's payout ratio is currently 23.05%.

Insider Activity at Visa

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 completion of the sale, the chief executive officer directly 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 owned 26,413 shares of the company's stock, valued at approximately $9,904,875. This represents a 30.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 75,100 shares of company stock valued at $27,643,224. 0.13% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Morgan Stanley raised their price objective on shares of Visa from $386.00 to $402.00 and gave the company an "overweight" rating in a research note on Wednesday, July 30th. Raymond James Financial reiterated an "outperform" rating on shares of Visa in a research note on Wednesday, July 30th. BMO Capital Markets raised their price objective on shares of Visa from $370.00 to $380.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Wall Street Zen upgraded shares of Visa from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Finally, Mizuho upgraded shares of Visa from a "neutral" rating to an "outperform" rating and raised their target price for the company from $359.00 to $425.00 in a report on Thursday, June 5th. 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 company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $380.84.

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.

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