Visa Inc. $V Stock Holdings Lifted by Aaron Wealth Advisors LLC

Key Points

• Aaron Wealth Advisors LLC increased its holdings in Visa Inc. by 4.9% during the second quarter, owning 17,198 shares valued at approximately $6.1 million.
• General Counsel Julie B. Rottenberg and CEO Ryan Mcinerney both sold significant portions of their stock in Visa, with Mcinerney's position decreasing by 94.14% following his recent sale.
• Visa recently announced a quarterly dividend of $0.59 per share, translating to an annualized payout of $2.36 and a dividend yield of 0.7%.

Aaron Wealth Advisors LLC boosted its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 4.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,198 shares of the credit-card processor's stock after purchasing an additional 798 shares during the quarter. Visa comprises approximately 0.6% of Aaron Wealth Advisors LLC's holdings, making the stock its 28th largest position. Aaron Wealth Advisors LLC's holdings in Visa were worth $6,106,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Keystone Global Partners LLC bought a new stake in Visa during the 1st quarter valued at approximately $26,000. von Borstel & Associates Inc. acquired a new position in shares of Visa in the 1st quarter worth approximately $27,000. 1 North Wealth Services LLC acquired a new position in shares of Visa in the 1st quarter worth approximately $38,000. Anderson Financial Strategies LLC acquired a new position in shares of Visa in the 1st quarter worth approximately $53,000. Finally, O Brien Wealth Partners LLC acquired a new position in shares of Visa in the 1st quarter worth approximately $54,000. Institutional investors own 82.15% of the company's stock.

Insider Buying and Selling at Visa

In other news, General Counsel Julie B. Rottenberg sold 2,027 shares of Visa stock in a transaction 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 directly owned 11,925 shares of the company's stock, valued at approximately $4,102,438.50. This trade represents a 14.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ryan Mcinerney sold 8,630 shares of the firm's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $353.82, for a total value of $3,053,466.60. Following the completion of the transaction, the chief executive officer owned 537 shares in the company, valued at $190,001.34. This represents a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by company insiders.

Visa Stock Up 0.3%

NYSE V opened at $339.92 on Wednesday. The stock has a fifty day moving average of $346.38 and a 200-day moving average of $346.64. The stock has a market capitalization of $623.00 billion, a P/E ratio of 33.20, a price-to-earnings-growth ratio of 2.26 and a beta of 0.92. Visa Inc. has a 52 week low of $268.23 and a 52 week high of $375.51. 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 EPS for the quarter, beating the consensus estimate of $2.85 by $0.13. The company had revenue of $10.17 billion during the quarter, compared to analysts' expectations of $9.82 billion. Visa had a return on equity of 58.93% and a net margin of 52.16%.The business's revenue for the quarter was up 14.3% on a year-over-year basis. During the same period last year, the firm earned $2.42 EPS. On average, equities research analysts forecast that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on V shares. UBS Group reissued a "buy" rating and issued a $415.00 target price (up from $405.00) on shares of Visa in a report on Wednesday, July 30th. Raymond James Financial reaffirmed an "outperform" rating on shares of Visa in a report on Wednesday, July 30th. Citigroup initiated coverage on Visa in a report on Monday, June 2nd. They set a "buy" rating for the company. Morgan Stanley raised their price target on Visa from $386.00 to $402.00 and gave the company an "overweight" rating in a report on Wednesday, July 30th. Finally, Jefferies Financial Group raised their price target on Visa from $400.00 to $410.00 and gave the company a "buy" rating in a report on Tuesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Visa presently has a consensus rating of "Moderate Buy" and a consensus target price of $385.96.

About Visa

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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