Visa Inc. (NYSE:V) Holdings Raised by FORVIS Wealth Advisors LLC

FORVIS Wealth Advisors LLC boosted its stake in Visa Inc. (NYSE:V) by 12.8% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,442 shares of the credit-card processor’s stock after buying an additional 842 shares during the period. FORVIS Wealth Advisors LLC’s holdings in Visa were worth $2,077,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Westend Capital Management LLC acquired a new position in Visa during the first quarter worth about $25,000. Livelsberger Financial Advisory bought a new stake in shares of Visa in the 4th quarter worth approximately $25,000. O Brien Wealth Partners LLC bought a new stake in shares of Visa in the 4th quarter worth approximately $32,000. Frank Rimerman Advisors LLC acquired a new stake in Visa during the fourth quarter valued at approximately $33,000. Finally, Valued Wealth Advisors LLC bought a new stake in Visa during the fourth quarter worth approximately $37,000. Institutional investors own 82.15% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on V. Robert W. Baird raised their target price on shares of Visa from $314.00 to $320.00 and gave the stock an “outperform” rating in a report on Wednesday, April 17th. Royal Bank of Canada lifted their price objective on shares of Visa from $309.00 to $315.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Wedbush increased their target price on Visa from $280.00 to $300.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Wells Fargo & Company raised their target price on Visa from $300.00 to $325.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. Finally, Mizuho upped their price target on Visa from $265.00 to $275.00 and gave the company a “neutral” rating in a research report on Thursday, May 2nd. Five research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. Based on data from MarketBeat, Visa has a consensus rating of “Moderate Buy” and a consensus price target of $303.56.

Visa Price Performance

Visa stock traded up $0.76 during mid-day trading on Thursday, hitting $268.99. 5,017,760 shares of the company were exchanged, compared to its average volume of 9,395,944. The company has a market capitalization of $491.97 billion, a PE ratio of 30.05, a price-to-earnings-growth ratio of 1.84 and a beta of 0.95. The business has a fifty day moving average of $273.45 and a 200 day moving average of $273.65. Visa Inc. has a 1-year low of $227.68 and a 1-year high of $290.96. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.53.

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

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Friday, May 17th were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $2.08 annualized dividend and a yield of 0.77%. Visa’s dividend payout ratio (DPR) is 23.24%.

Insiders Place Their Bets

In related news, Director Lloyd Carney sold 909 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $275.55, for a total value of $250,474.95. Following the completion of the sale, the director now owns 2,591 shares of the company’s stock, valued at $713,950.05. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Lloyd Carney sold 909 shares of the firm’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $275.55, for a total value of $250,474.95. Following the transaction, the director now owns 2,591 shares in the company, valued at $713,950.05. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Paul D. Fabara sold 25,293 shares of Visa stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $277.15, for a total value of $7,009,954.95. Following the completion of the sale, the insider now owns 17,894 shares of the company’s stock, valued at $4,959,322.10. The disclosure for this sale can be found here. Insiders own 0.19% of the company’s stock.

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.