Worth Financial Advisory Group LLC Acquires 772 Shares of Visa Inc. (NYSE:V)

Worth Financial Advisory Group LLC lifted its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 21.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,308 shares of the credit-card processor's stock after buying an additional 772 shares during the quarter. Visa comprises 1.0% of Worth Financial Advisory Group LLC's investment portfolio, making the stock its 23rd biggest position. Worth Financial Advisory Group LLC's holdings in Visa were worth $1,510,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of V. Rockline Wealth Management LLC grew its stake in Visa by 4.9% during the first quarter. Rockline Wealth Management LLC now owns 26,153 shares of the credit-card processor's stock valued at $9,165,000 after acquiring an additional 1,226 shares in the last quarter. Covea Finance grew its position in shares of Visa by 28.1% during the 1st quarter. Covea Finance now owns 226,018 shares of the credit-card processor's stock valued at $79,210,000 after purchasing an additional 49,597 shares in the last quarter. Davies Financial Advisors Inc. increased its holdings in shares of Visa by 5.5% in the first quarter. Davies Financial Advisors Inc. now owns 1,110 shares of the credit-card processor's stock worth $389,000 after purchasing an additional 58 shares during the period. Advisor Resource Council purchased a new stake in shares of Visa in the first quarter worth $2,339,000. Finally, Segment Wealth Management LLC boosted its stake in Visa by 0.5% during the first quarter. Segment Wealth Management LLC now owns 65,833 shares of the credit-card processor's stock valued at $23,072,000 after buying an additional 316 shares during the period. 82.15% of the stock is owned by institutional investors.

Visa Stock Performance

V traded down $2.34 during midday trading on Friday, hitting $338.04. 19,326,861 shares of the company traded hands, compared to its average volume of 7,073,407. The company's 50-day moving average is $351.78 and its 200 day moving average is $338.54. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $623.73 billion, a PE ratio of 33.97, a price-to-earnings-growth ratio of 2.29 and a beta of 0.94. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $375.51.

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

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th were issued a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $2.36 dividend on an annualized basis and a yield of 0.70%. Visa's dividend payout ratio is currently 23.72%.

Insider Buying and Selling at Visa

In related news, CEO Ryan Mcinerney sold 8,620 shares of the firm's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $350.44, for a total transaction of $3,020,792.80. Following the completion of the transaction, the chief executive officer now directly owns 537 shares of the company's stock, valued at approximately $188,186.28. This trade represents a 94.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Paul D. Fabara sold 11,636 shares of the business's stock in a transaction 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 completion of the sale, the insider now owns 26,413 shares in the company, valued at approximately $9,904,875. The trade was a 30.58% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 101,098 shares of company stock valued at $36,738,526. Insiders own 0.13% of the company's stock.

Analyst Upgrades and Downgrades

V has been the topic of several recent analyst reports. BMO Capital Markets raised their price target on Visa from $370.00 to $380.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Susquehanna reaffirmed a "positive" rating on shares of Visa in a research note on Friday, March 21st. Evercore ISI initiated coverage on shares of Visa in a research note on Wednesday, April 9th. They issued an "in-line" rating and a $330.00 price target for the company. William Blair restated an "outperform" rating on shares of Visa in a research report on Wednesday, April 30th. Finally, Piper Sandler upped their target price on shares of Visa from $383.00 to $384.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 30th. Five research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Visa has a consensus rating of "Moderate Buy" and an average price target of $372.80.

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.