American Capital Advisory LLC grew its position in Visa Inc. (NYSE:V – Free Report) by 1,625.0% during the 2nd quarter, HoldingsChannel reports. The fund owned 414 shares of the credit-card processor’s stock after purchasing an additional 390 shares during the period. American Capital Advisory LLC’s holdings in Visa were worth $108,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the company. Cortland Associates Inc. MO increased its stake in Visa by 0.5% in the second quarter. Cortland Associates Inc. MO now owns 208,092 shares of the credit-card processor’s stock worth $54,618,000 after purchasing an additional 1,062 shares during the period. William Allan Corp grew its holdings in shares of Visa by 1.6% in the second quarter. William Allan Corp now owns 15,784 shares of the credit-card processor’s stock worth $4,143,000 after purchasing an additional 251 shares during the last quarter. Schmidt P J Investment Management Inc. grew its holdings in shares of Visa by 0.3% in the second quarter. Schmidt P J Investment Management Inc. now owns 36,799 shares of the credit-card processor’s stock worth $9,659,000 after purchasing an additional 126 shares during the last quarter. Coerente Capital Management increased its stake in Visa by 1.3% in the 2nd quarter. Coerente Capital Management now owns 73,333 shares of the credit-card processor’s stock worth $19,248,000 after buying an additional 950 shares during the period. Finally, Blue Chip Partners LLC lifted its holdings in Visa by 2.5% during the 2nd quarter. Blue Chip Partners LLC now owns 90,223 shares of the credit-card processor’s stock valued at $23,681,000 after buying an additional 2,237 shares in the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
V has been the topic of a number of research analyst reports. Jefferies Financial Group dropped their target price on shares of Visa from $325.00 to $300.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Mizuho raised their price objective on Visa from $265.00 to $275.00 and gave the stock a “neutral” rating in a report on Thursday, May 2nd. Bank of America reissued a “neutral” rating and set a $297.00 price target (down previously from $305.00) on shares of Visa in a research report on Wednesday, July 10th. Piper Sandler cut their target price on shares of Visa from $322.00 to $319.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 24th. Finally, Citigroup lowered their target price on Visa from $321.00 to $319.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Six investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $308.50.
Visa Stock Performance
Shares of V traded up $2.05 during trading hours on Friday, reaching $276.37. 6,206,909 shares of the company traded hands, compared to its average volume of 7,134,268. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.54. The business has a fifty day moving average price of $265.72 and a 200-day moving average price of $273.11. Visa Inc. has a 12-month low of $227.78 and a 12-month high of $290.96. The stock has a market capitalization of $505.46 billion, a P/E ratio of 30.70, a P/E/G ratio of 1.89 and a beta of 0.95.
Visa (NYSE:V – Get Free Report) last posted 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 business had revenue of $8.90 billion for the quarter, compared to the consensus estimate of $8.92 billion. Visa had a return on equity of 51.94% and a net margin of 54.72%. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.16 EPS. Equities analysts anticipate that Visa Inc. will post 9.91 EPS for the current fiscal year.
Visa Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Friday, August 9th will be issued a $0.52 dividend. The ex-dividend date is Friday, August 9th. This represents a $2.08 annualized dividend and a yield of 0.75%. Visa’s dividend payout ratio (DPR) is presently 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.
Featured Articles
- Five stocks we like better than Visa
- Dividend King Proctor & Gamble Is A Buy On Post-Earnings Weakness
- The Solar Stock Battle: Is Daqo or JinkoSolar Your Next Big Win?
- Consumer Staples Stocks, Explained
- Are These Chinese Stocks a Buy? Michael Burry’s Top Picks Say Yes
- What Investors Need to Know to Beat the Market
- Five Below Stock Faces Challenges Despite Strong Revenue Growth
Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc. (NYSE:V – Free Report).
Receive News & Ratings for Visa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa and related companies with MarketBeat.com's FREE daily email newsletter.