Visa Inc. (NYSE:V) Shares Acquired by Mezzasalma Advisors LLC

Mezzasalma Advisors LLC lifted its stake in shares of Visa Inc. (NYSE:V) by 7.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,920 shares of the credit-card processor’s stock after purchasing an additional 1,917 shares during the period. Visa makes up about 3.8% of Mezzasalma Advisors LLC’s holdings, making the stock its 9th biggest position. Mezzasalma Advisors LLC’s holdings in Visa were worth $8,071,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of V. Westend Capital Management LLC bought a new stake in shares of Visa in the 1st quarter worth approximately $25,000. Livelsberger Financial Advisory bought a new stake in shares of Visa in the fourth quarter valued at about $25,000. O Brien Wealth Partners LLC bought a new stake in Visa during the fourth quarter worth about $32,000. Frank Rimerman Advisors LLC bought a new stake in Visa in the fourth quarter valued at approximately $33,000. Finally, Valued Wealth Advisors LLC bought a new stake in Visa in the fourth quarter valued at approximately $37,000. 82.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on V. Wedbush raised their target price on Visa from $280.00 to $300.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Piper Sandler started coverage on shares of Visa in a research report on Monday, May 13th. They set an “overweight” rating and a $322.00 price target for the company. Mizuho upped their target price on shares of Visa from $265.00 to $275.00 and gave the stock a “neutral” rating in a research report on Thursday, May 2nd. William Blair reaffirmed an “outperform” rating on shares of Visa in a research note on Wednesday, April 24th. Finally, Robert W. Baird increased their price target on shares of Visa from $314.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 17th. Five research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. According to MarketBeat.com, Visa has an average rating of “Moderate Buy” and an average price target of $303.56.

Visa Stock Up 0.3 %

Visa stock traded up $0.76 during midday trading on Thursday, reaching $268.99. The stock had a trading volume of 5,017,760 shares, compared to its average volume of 9,395,944. The company has a market capitalization of $491.97 billion, a P/E ratio of 30.05, a PEG ratio of 1.84 and a beta of 0.95. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.53. Visa Inc. has a 12 month low of $227.68 and a 12 month high of $290.96. The company has a fifty day moving average price of $273.45 and a two-hundred day moving average price of $273.65.

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, beating analysts’ consensus estimates of $2.43 by $0.08. The business had revenue of $8.78 billion for the quarter, compared to analysts’ expectations of $8.62 billion. Visa had a net margin of 53.87% and a return on equity of 51.23%. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.09 EPS. As a group, equities analysts expect that Visa Inc. will post 9.94 EPS for the current fiscal year.

Visa Announces Dividend

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

Insider Buying and Selling

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

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.