Visa Inc. (NYSE:V) Shares Acquired by Beacon Investment Advisory Services Inc.

Beacon Investment Advisory Services Inc. increased its stake in Visa Inc. (NYSE:V) by 25.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,928 shares of the credit-card processor’s stock after acquiring an additional 800 shares during the period. Beacon Investment Advisory Services Inc.’s holdings in Visa were worth $1,096,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Capital International Investors boosted its position in shares of Visa by 2.7% in the fourth quarter. Capital International Investors now owns 22,943,773 shares of the credit-card processor’s stock worth $5,973,432,000 after acquiring an additional 596,950 shares during the last quarter. Capital World Investors lifted its position in Visa by 8.0% during the fourth quarter. Capital World Investors now owns 17,895,788 shares of the credit-card processor’s stock valued at $4,659,169,000 after buying an additional 1,323,238 shares in the last quarter. Norges Bank purchased a new stake in shares of Visa during the fourth quarter valued at approximately $3,895,015,000. Jennison Associates LLC raised its stake in shares of Visa by 0.7% during the fourth quarter. Jennison Associates LLC now owns 11,824,113 shares of the credit-card processor’s stock valued at $3,078,408,000 after purchasing an additional 85,123 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Visa by 1.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,524,329 shares of the credit-card processor’s stock valued at $2,725,079,000 after purchasing an additional 141,566 shares during the period. 82.15% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently issued reports on V. Piper Sandler began coverage on shares of Visa in a research note on Monday, May 13th. They issued an “overweight” rating and a $322.00 price target for the company. William Blair restated an “outperform” rating on shares of Visa in a research note on Wednesday, April 24th. Citigroup lifted their price objective on shares of Visa from $314.00 to $321.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Oppenheimer lifted their price objective on shares of Visa from $297.00 to $299.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Finally, Redburn Atlantic reaffirmed a “neutral” rating and issued a $307.00 price objective on shares of Visa in a report on Wednesday, March 27th. Six analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $304.72.

Insiders Place Their Bets

In other Visa news, insider Paul D. Fabara sold 25,293 shares of the stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $277.15, for a total transaction of $7,009,954.95. Following the completion of the transaction, the insider now directly owns 17,894 shares in the company, valued at $4,959,322.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Lloyd Carney sold 909 shares of the stock in a transaction 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 owns 2,591 shares in the company, valued at $713,950.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paul D. Fabara sold 25,293 shares of the stock in a transaction on 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 sale, the insider now owns 17,894 shares in the company, valued at approximately $4,959,322.10. The disclosure for this sale can be found here. Corporate insiders own 0.19% of the company’s stock.

Visa Stock Performance

Shares of V stock traded down $3.12 during trading hours on Friday, reaching $266.03. 3,580,366 shares of the company’s stock were exchanged, compared to its average volume of 6,834,539. Visa Inc. has a fifty-two week low of $227.68 and a fifty-two week high of $290.96. The stock has a market capitalization of $486.55 billion, a P/E ratio of 29.69, a P/E/G ratio of 1.90 and a beta of 0.95. The business has a fifty day moving average price of $272.31 and a 200-day moving average price of $274.19. 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 issued its 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. The business had revenue of $8.78 billion during the quarter, compared to analyst estimates of $8.62 billion. Visa had a return on equity of 51.23% and a net margin of 53.87%. Visa’s revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the company posted $2.09 earnings per share. Analysts predict that Visa Inc. will post 9.94 EPS for the current fiscal year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Friday, May 17th were paid 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 0.78%. Visa’s dividend payout ratio is currently 23.24%.

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.