Visa Inc. (NYSE:V) Stock Holdings Lowered by Hollow Brook Wealth Management LLC

Hollow Brook Wealth Management LLC decreased its stake in Visa Inc. (NYSE:V) by 10.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 766 shares of the credit-card processor’s stock after selling 85 shares during the quarter. Hollow Brook Wealth Management LLC’s holdings in Visa were worth $211,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Garden State Investment Advisory Services LLC increased its holdings in shares of Visa by 8.3% in the 3rd quarter. Garden State Investment Advisory Services LLC now owns 2,657 shares of the credit-card processor’s stock valued at $733,000 after purchasing an additional 203 shares during the period. Chevy Chase Trust Holdings LLC increased its stake in Visa by 1.8% in the 3rd quarter. Chevy Chase Trust Holdings LLC now owns 1,513,706 shares of the credit-card processor’s stock valued at $416,194,000 after buying an additional 26,700 shares during the period. Cladis Investment Advisory LLC purchased a new stake in Visa in the 3rd quarter worth approximately $205,000. Coastwise Capital Group LLC boosted its position in Visa by 23.8% during the third quarter. Coastwise Capital Group LLC now owns 2,260 shares of the credit-card processor’s stock valued at $621,000 after purchasing an additional 435 shares during the last quarter. Finally, Community Bank N.A. lifted its holdings in shares of Visa by 2.7% during the 3rd quarter. Community Bank N.A. now owns 13,653 shares of the credit-card processor’s stock valued at $3,754,000 after buying an additional 363 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

V has been the subject of a number of recent research reports. Keefe, Bruyette & Woods upgraded shares of Visa from a “moderate buy” rating to a “strong-buy” rating in a report on Tuesday, September 24th. Compass Point initiated coverage on shares of Visa in a research note on Wednesday, September 4th. They issued a “buy” rating and a $319.00 price objective for the company. Piper Sandler raised their target price on shares of Visa from $319.00 to $322.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Oppenheimer reissued an “outperform” rating and set a $321.00 target price (up previously from $318.00) on shares of Visa in a research report on Wednesday, October 30th. Finally, Macquarie upped their price target on shares of Visa from $300.00 to $335.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Four analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Visa has an average rating of “Moderate Buy” and an average target price of $321.74.

Insiders Place Their Bets

In other news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $276.37, for a total value of $2,382,309.40. Following the transaction, the chief executive officer now owns 538 shares of the company’s stock, valued at $148,687.06. This represents a 94.13 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Paul D. Fabara sold 2,171 shares of Visa stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total value of $668,602.87. Following the sale, the insider now directly owns 17,894 shares of the company’s stock, valued at approximately $5,510,815.18. This trade represents a 10.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.19% of the company’s stock.

Visa Stock Performance

NYSE:V opened at $315.90 on Monday. The stock has a market capitalization of $588.48 billion, a P/E ratio of 32.38, a price-to-earnings-growth ratio of 2.12 and a beta of 0.95. Visa Inc. has a 1 year low of $252.14 and a 1 year high of $316.37. The firm has a 50 day moving average of $292.09 and a 200-day moving average of $278.55. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.55.

Visa (NYSE:V) last issued its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.58 by $0.13. The business had revenue of $9.62 billion for the quarter, compared to the consensus estimate of $9.49 billion. Visa had a net margin of 54.96% and a return on equity of 53.16%. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.33 EPS. As a group, sell-side analysts anticipate that Visa Inc. will post 11.19 EPS for the current fiscal year.

Visa Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Tuesday, November 12th will be given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend is Tuesday, November 12th. This is a boost from Visa’s previous quarterly dividend of $0.52. Visa’s payout ratio is 24.25%.

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.