WealthTrust Asset Management LLC Has $1.02 Million Position in Visa Inc. (NYSE:V)

WealthTrust Asset Management LLC boosted its stake in shares of Visa Inc. (NYSE:V - Free Report) by 267.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,899 shares of the credit-card processor's stock after acquiring an additional 2,110 shares during the quarter. Visa makes up approximately 0.8% of WealthTrust Asset Management LLC's holdings, making the stock its 29th biggest holding. WealthTrust Asset Management LLC's holdings in Visa were worth $1,016,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. von Borstel & Associates Inc. bought a new position in shares of Visa in the 1st quarter valued at about $27,000. Sellwood Investment Partners LLC bought a new position in shares of Visa in the 4th quarter valued at about $41,000. Mountain Hill Investment Partners Corp. bought a new position in shares of Visa in the 4th quarter valued at about $47,000. Measured Risk Portfolios Inc. bought a new position in shares of Visa in the 4th quarter valued at about $47,000. Finally, Navigoe LLC bought a new position in shares of Visa in the 4th quarter valued at about $53,000. Institutional investors own 82.15% of the company's stock.

Insider Buying and Selling at Visa

In other Visa news, insider Paul D. Fabara sold 46,214 shares of the company's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $370.00, for a total value of $17,099,180.00. Following the transaction, the insider directly owned 26,413 shares in the company, valued at $9,772,810. The trade was a 63.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of the company's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $345.58, for a total transaction of $889,868.50. Following the completion of the transaction, the general counsel owned 11,925 shares in the company, valued at approximately $4,121,041.50. This represents a 17.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 101,108 shares of company stock worth $36,771,200 over the last ninety days. Insiders own 0.13% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on V. Oppenheimer raised their target price on shares of Visa from $390.00 to $391.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. BMO Capital Markets lifted their price objective on shares of Visa from $370.00 to $380.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. William Blair reissued an "outperform" rating on shares of Visa in a research note on Wednesday, April 30th. Barclays reissued an "overweight" rating on shares of Visa in a research note on Friday, June 13th. Finally, Wall Street Zen raised shares of Visa from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Five investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $372.84.

Visa Stock Up 0.8%

Shares of NYSE V traded up $2.81 during midday trading on Wednesday, reaching $349.83. The company's stock had a trading volume of 5,541,856 shares, compared to its average volume of 6,804,758. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.45. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $375.51. The stock has a market capitalization of $645.50 billion, a price-to-earnings ratio of 35.16, a PEG ratio of 2.38 and a beta of 0.92. The stock has a 50 day simple moving average of $356.94 and a 200-day simple moving average of $343.11.

Visa (NYSE:V - Get Free Report) last issued its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, topping analysts' consensus estimates of $2.68 by $0.08. The business had revenue of $9.59 billion for the quarter, compared to the consensus estimate of $9.57 billion. Visa had a net margin of 52.86% and a return on equity of 56.28%. The firm's revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the previous year, the company earned $2.51 earnings per share. Equities research analysts predict that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th were issued a $0.59 dividend. The ex-dividend date was Tuesday, May 13th. This represents a $2.36 annualized dividend and a dividend yield of 0.67%. Visa's dividend payout ratio is currently 23.72%.

Visa Company 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.