Visa Inc. (NYSE:V) is Toth Financial Advisory Corp’s 8th Largest Position

Toth Financial Advisory Corp lessened its stake in shares of Visa Inc. (NYSE:V) by 5.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,284 shares of the credit-card processor’s stock after selling 3,024 shares during the period. Visa makes up about 1.8% of Toth Financial Advisory Corp’s investment portfolio, making the stock its 8th largest holding. Toth Financial Advisory Corp’s holdings in Visa were worth $14,312,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Nadler Financial Group Inc. increased its holdings in shares of Visa by 2.4% in the 4th quarter. Nadler Financial Group Inc. now owns 1,900 shares of the credit-card processor’s stock worth $495,000 after purchasing an additional 44 shares in the last quarter. Towerpoint Wealth LLC bought a new stake in shares of Visa in the 4th quarter worth $216,000. Andrew Hill Investment Advisors Inc. bought a new stake in shares of Visa in the 4th quarter worth $3,427,000. Richelieu Gestion SA bought a new stake in shares of Visa in the 4th quarter worth $307,000. Finally, Cooper Financial Group increased its holdings in shares of Visa by 6.4% in the 4th quarter. Cooper Financial Group now owns 7,926 shares of the credit-card processor’s stock worth $2,064,000 after purchasing an additional 476 shares in the last quarter. Institutional investors own 82.15% of the company’s stock.

Wall Street Analyst Weigh In

V has been the subject of a number of research analyst reports. UBS Group lifted their target price on Visa from $315.00 to $325.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Oppenheimer raised their price target on Visa from $297.00 to $299.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Piper Sandler started coverage on Visa in a research note on Monday, May 13th. They issued an “overweight” rating and a $322.00 price target on the stock. Evercore ISI dropped their price target on Visa from $335.00 to $330.00 and set an “outperform” rating on the stock in a research note on Tuesday. Finally, Macquarie raised their price target on Visa from $290.00 to $300.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Five research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $303.56.

Insider Transactions at Visa

In other news, CEO Ryan Mcinerney sold 8,200 shares of Visa stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $280.36, for a total value of $2,298,952.00. Following the sale, the chief executive officer now directly owns 538 shares of the company’s stock, valued at $150,833.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Visa news, Director Lloyd Carney sold 909 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $275.55, for a total transaction of $250,474.95. Following the sale, the director now directly owns 2,591 shares of the company’s stock, valued at $713,950.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ryan Mcinerney sold 8,200 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $280.36, for a total value of $2,298,952.00. Following the sale, the chief executive officer now directly owns 538 shares in the company, valued at $150,833.68. The disclosure for this sale can be found here. Over the last three months, insiders have sold 34,402 shares of company stock valued at $9,559,382. 0.19% of the stock is currently owned by insiders.

Visa Price Performance

Shares of Visa stock traded down $4.12 during trading hours on Friday, hitting $262.47. The company’s stock had a trading volume of 13,957,270 shares, compared to its average volume of 8,762,266. The business has a 50 day moving average price of $273.88 and a two-hundred day moving average price of $273.41. Visa Inc. has a 12-month low of $227.68 and a 12-month high of $290.96. The company has a market cap of $480.04 billion, a PE ratio of 29.31, a PEG ratio of 1.82 and a beta of 0.97. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.40 and a current ratio of 1.40.

Visa (NYSE:V) last issued its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.43 by $0.08. Visa had a return on equity of 51.23% and a net margin of 53.87%. The firm had revenue of $8.78 billion for the quarter, compared to analysts’ expectations of $8.62 billion. During the same period in the previous year, the firm posted $2.09 earnings per share. The business’s revenue was up 9.9% compared to the same quarter last year. Analysts expect that Visa Inc. will post 9.94 earnings per share for the current fiscal year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Friday, May 17th were issued a $0.52 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $2.08 annualized dividend and a dividend yield of 0.79%. Visa’s dividend payout ratio (DPR) is 23.24%.

Visa 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.