Bray Capital Advisors Cuts Stake in Visa Inc. (NYSE:V)

Bray Capital Advisors decreased its stake in Visa Inc. (NYSE:V) by 1.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,449 shares of the credit-card processor’s stock after selling 337 shares during the period. Visa makes up 1.6% of Bray Capital Advisors’ portfolio, making the stock its 15th biggest position. Bray Capital Advisors’ holdings in Visa were worth $6,417,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of V. Livelsberger Financial Advisory acquired a new stake in shares of Visa during the fourth quarter valued at about $25,000. Westend Capital Management LLC acquired a new stake in Visa during the 1st quarter valued at approximately $25,000. POM Investment Strategies LLC increased its holdings in Visa by 970.0% during the 2nd quarter. POM Investment Strategies LLC now owns 107 shares of the credit-card processor’s stock worth $28,000 after purchasing an additional 97 shares during the last quarter. Frank Rimerman Advisors LLC acquired a new position in shares of Visa in the 4th quarter valued at approximately $33,000. Finally, TruNorth Capital Management LLC boosted its stake in shares of Visa by 211.9% during the 2nd quarter. TruNorth Capital Management LLC now owns 131 shares of the credit-card processor’s stock valued at $34,000 after buying an additional 89 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on V. Bank of America reissued a “neutral” rating and issued a $297.00 price objective (down from $305.00) on shares of Visa in a report on Wednesday, July 10th. StockNews.com raised Visa from a “hold” rating to a “buy” rating in a research report on Friday, August 9th. JPMorgan Chase & Co. lifted their price objective on shares of Visa from $290.00 to $320.00 and gave the stock an “overweight” rating in a report on Tuesday, August 20th. Citigroup dropped their target price on shares of Visa from $321.00 to $319.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Finally, Jefferies Financial Group decreased their price target on shares of Visa from $325.00 to $300.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Six research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Visa has a consensus rating of “Moderate Buy” and a consensus target price of $308.50.

Visa Trading Up 0.7 %

Shares of V stock traded up $2.05 during trading hours on Friday, reaching $276.37. 6,296,089 shares of the stock traded hands, compared to its average volume of 8,839,052. The business has a fifty day moving average price of $265.70 and a 200 day moving average price of $273.11. Visa Inc. has a 1-year low of $227.78 and a 1-year high of $290.96. 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 firm has a market capitalization of $503.63 billion, a PE ratio of 30.88, a PEG ratio of 1.95 and a beta of 0.95.

Visa (NYSE:V) 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. Visa had a return on equity of 51.94% and a net margin of 54.72%. The firm had revenue of $8.90 billion for the quarter, compared to analyst estimates of $8.92 billion. During the same period in the previous year, the firm earned $2.16 earnings per share. Visa’s quarterly revenue was up 9.6% on a year-over-year basis. On average, equities research analysts forecast that Visa Inc. will post 9.92 EPS for the current year.

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Friday, August 9th will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 0.75%. The ex-dividend date is Friday, August 9th. Visa’s payout ratio is currently 23.24%.

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.