WealthShield Partners LLC Has $5.06 Million Holdings in Visa Inc. (NYSE:V)

Key Points

• WealthShield Partners LLC increased its stake in Visa by 9.0% during the first quarter, owning a total of 14,423 shares worth approximately $5,055,000.
• Analysts have recently upgraded their ratings on Visa, with price targets raised by firms including Jefferies and Mizuho, reflecting strong market sentiment towards the stock.
• Visa declared a quarterly dividend of $0.59 to be paid out on September 2nd, indicating a stable annualized dividend yield of 0.7%.

WealthShield Partners LLC boosted its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 9.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,423 shares of the credit-card processor's stock after buying an additional 1,195 shares during the period. WealthShield Partners LLC's holdings in Visa were worth $5,055,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in Visa by 38,416.3% during the 1st quarter. GAMMA Investing LLC now owns 14,761,375 shares of the credit-card processor's stock worth $5,173,271,000 after purchasing an additional 14,723,050 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Visa by 18.0% during the fourth quarter. Northern Trust Corp now owns 18,260,714 shares of the credit-card processor's stock valued at $5,771,116,000 after purchasing an additional 2,785,707 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Visa during the 4th quarter valued at approximately $673,689,000. Sanders Capital LLC purchased a new stake in Visa in the fourth quarter worth about $623,022,000. Finally, Kovitz Investment Group Partners LLC grew its holdings in Visa by 295.4% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 2,362,202 shares of the credit-card processor's stock worth $746,550,000 after purchasing an additional 1,764,781 shares during the period. 82.15% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Visa

In related news, CEO Ryan Mcinerney sold 8,630 shares of Visa stock in a transaction dated 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 transaction, the chief executive officer owned 537 shares of the company's stock, valued at approximately $190,001.34. This trade represents a 94.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Paul D. Fabara sold 46,214 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $370.00, for a total transaction of $17,099,180.00. Following the completion of the sale, the insider owned 26,413 shares of the company's stock, valued at approximately $9,772,810. This trade represents a 63.63% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 75,100 shares of company stock valued at $27,643,224. Corporate insiders own 0.13% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on V shares. Truist Financial lowered their price target on Visa from $400.00 to $397.00 and set a "buy" rating on the stock in a report on Thursday, July 17th. Raymond James Financial reiterated an "outperform" rating on shares of Visa in a research report on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft began coverage on Visa in a report on Thursday, July 17th. They set a "buy" rating and a $410.00 price target for the company. The Goldman Sachs Group initiated coverage on shares of Visa in a report on Monday, June 2nd. They issued a "neutral" rating for the company. Finally, Jefferies Financial Group boosted their price objective on shares of Visa from $400.00 to $410.00 and gave the company a "buy" rating in a research report on Tuesday, May 27th. Five analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $380.84.

Visa Trading Down 2.3%

Visa stock traded down $7.76 during trading on Thursday, hitting $331.98. The company's stock had a trading volume of 8,793,604 shares, compared to its average volume of 6,237,998. The stock's fifty day moving average is $353.36 and its 200 day moving average is $346.87. 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 Inc. has a 1-year low of $257.92 and a 1-year high of $375.51. The stock has a market capitalization of $612.55 billion, a price-to-earnings ratio of 32.42, a P/E/G ratio of 2.27 and a beta of 0.94.

Visa (NYSE:V - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The credit-card processor reported $2.98 EPS 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 analysts' expectations of $9.82 billion. Visa had a return on equity of 58.93% and a net margin of 52.16%. The firm's quarterly revenue was up 14.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.42 earnings per share. As a group, equities research analysts predict that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

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

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.