Aaron Wealth Advisors LLC Has $3.67 Million Stock Position in Visa Inc. (NYSE:V)

Aaron Wealth Advisors LLC cut its position in Visa Inc. (NYSE:V) by 0.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,979 shares of the credit-card processor’s stock after selling 78 shares during the period. Aaron Wealth Advisors LLC’s holdings in Visa were worth $3,669,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in V. Livelsberger Financial Advisory acquired a new stake in shares of Visa in the fourth quarter valued at $25,000. Westend Capital Management LLC bought a new stake in Visa during the 1st quarter worth about $25,000. Frank Rimerman Advisors LLC acquired a new stake in Visa in the 4th quarter valued at about $33,000. TruNorth Capital Management LLC raised its stake in shares of Visa by 211.9% in the second quarter. TruNorth Capital Management LLC now owns 131 shares of the credit-card processor’s stock worth $34,000 after acquiring an additional 89 shares during the last quarter. Finally, Bbjs Financial Advisors LLC bought a new position in shares of Visa in the second quarter worth about $35,000. 82.15% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on V shares. StockNews.com raised shares of Visa from a “hold” rating to a “buy” rating in a research note on Friday, August 9th. UBS Group increased their price objective on Visa from $315.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Royal Bank of Canada dropped their target price on Visa from $315.00 to $311.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. Piper Sandler decreased their price target on Visa from $322.00 to $319.00 and set an “overweight” rating on the stock in a report on Wednesday, July 24th. Finally, Mizuho lifted their price objective on Visa from $265.00 to $275.00 and gave the stock a “neutral” rating in a research report on Thursday, May 2nd. Six equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Visa has an average rating of “Moderate Buy” and a consensus price target of $308.50.

Visa Stock Up 0.0 %

Shares of NYSE V traded up $0.10 during mid-day trading on Wednesday, reaching $268.15. 6,639,302 shares of the company’s stock were exchanged, compared to its average volume of 7,217,395. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.54. The business has a fifty day simple moving average of $266.10 and a 200 day simple moving average of $273.43. Visa Inc. has a twelve month low of $227.78 and a twelve month high of $290.96. The firm has a market capitalization of $490.42 billion, a price-to-earnings ratio of 29.99, a PEG ratio of 1.89 and a beta of 0.95.

Visa (NYSE:V) last released its quarterly earnings results on Tuesday, July 23rd. The credit-card processor reported $2.42 earnings per share for the quarter, meeting the consensus estimate of $2.42. The company had revenue of $8.90 billion during the quarter, compared to analysts’ expectations of $8.92 billion. Visa had a net margin of 54.72% and a return on equity of 51.94%. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.16 earnings per share. As a group, equities analysts expect that Visa Inc. will post 9.91 EPS for the current fiscal year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Friday, August 9th will be given a dividend of $0.52 per share. The ex-dividend date is Friday, August 9th. This represents a $2.08 annualized dividend and a dividend 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.