Visa Inc. $V Stock Position Raised by CFM Wealth Partners LLC

Key Points

• CFM Wealth Partners LLC increased its holdings in Visa Inc. by 2.1%, acquiring an additional 945 shares, bringing their total to 45,440 shares, valued at approximately $16.1 million.
• CEO Ryan Mcinerney sold 10,485 shares of Visa at an average price of $342.30, resulting in a total transaction value of $3.6 million, which marked a significant decrease in his stock position.
• Visa reported quarterly earnings of $2.98 per share, exceeding analysts' expectations, with revenue totaling $10.17 billion, reflecting a 14.3% year-over-year increase.

CFM Wealth Partners LLC raised its holdings in Visa Inc. (NYSE:V - Free Report) by 2.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 45,440 shares of the credit-card processor's stock after purchasing an additional 945 shares during the period. Visa accounts for approximately 2.6% of CFM Wealth Partners LLC's portfolio, making the stock its 8th largest holding. CFM Wealth Partners LLC's holdings in Visa were worth $16,134,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. KLP Kapitalforvaltning AS lifted its holdings in shares of Visa by 2.8% in the second quarter. KLP Kapitalforvaltning AS now owns 736,262 shares of the credit-card processor's stock valued at $261,410,000 after purchasing an additional 20,300 shares in the last quarter. RMG Wealth Management LLC purchased a new stake in Visa in the 2nd quarter valued at approximately $52,000. Spear Holdings RSC Ltd purchased a new stake in Visa in the 2nd quarter valued at approximately $41,825,000. Country Club Bank lifted its stake in Visa by 0.5% in the 2nd quarter. Country Club Bank now owns 14,621 shares of the credit-card processor's stock valued at $5,097,000 after buying an additional 74 shares in the last quarter. Finally, Trueblood Wealth Management LLC lifted its position in shares of Visa by 19.4% in the second quarter. Trueblood Wealth Management LLC now owns 4,724 shares of the credit-card processor's stock valued at $1,677,000 after acquiring an additional 767 shares in the last quarter. Hedge funds and other institutional investors own 82.15% of the company's stock.

Insider Buying and Selling at Visa

In other news, CEO Ryan Mcinerney sold 10,485 shares of the firm's stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $342.30, for a total value of $3,589,015.50. Following the transaction, the chief executive officer directly owned 537 shares in the company, valued at $183,815.10. This trade represents a 95.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of the firm's stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $344.02, for a total transaction of $697,328.54. Following the completion of the transaction, the general counsel owned 11,925 shares in the company, valued at $4,102,438.50. The trade was a 14.53% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.13% of the company's stock.

Visa Trading Down 1.0%

Shares of V stock opened at $343.63 on Friday. The firm has a market cap of $629.79 billion, a P/E ratio of 33.56, a PEG ratio of 2.06 and a beta of 0.90. Visa Inc. has a 1-year low of $275.37 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. The firm's 50-day simple moving average is $343.77 and its 200-day simple moving average is $346.97.

Visa (NYSE:V - Get Free Report) last posted its quarterly 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 for the quarter, compared to the consensus estimate of $9.82 billion. Visa had a net margin of 52.16% and a return on equity of 58.93%. Visa's revenue was up 14.3% on a year-over-year basis. During the same quarter last year, the firm posted $2.42 earnings per share. As a group, equities 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. Investors of record on Tuesday, August 12th were given 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%.

Wall Street Analyst Weigh In

V has been the topic of several recent research reports. Macquarie upped their price objective on Visa from $380.00 to $425.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Erste Group Bank lowered shares of Visa from a "buy" rating to a "hold" rating in a report on Monday, September 22nd. Truist Financial reduced their target price on shares of Visa from $400.00 to $397.00 and set a "buy" rating on the stock in a report on Thursday, July 17th. Robert W. Baird set a $410.00 price objective on shares of Visa and gave the company an "outperform" rating in a research note on Monday. Finally, UBS Group reissued a "buy" rating and set a $415.00 price objective (up previously from $405.00) on shares of Visa in a research note on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $389.00.

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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