Puff Wealth Management LLC Has $827,000 Holdings in Visa Inc. (NYSE:V)

Puff Wealth Management LLC lifted its holdings in Visa Inc. (NYSE:V) by 3.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,360 shares of the credit-card processor’s stock after acquiring an additional 84 shares during the quarter. Puff Wealth Management LLC’s holdings in Visa were worth $827,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Bradley & Co. Private Wealth Management LLC acquired a new position in Visa during the 4th quarter worth $27,000. Compass Planning Associates Inc acquired a new position in Visa during the 4th quarter worth $32,000. FPC Investment Advisory Inc. lifted its holdings in Visa by 377.3% during the 4th quarter. FPC Investment Advisory Inc. now owns 105 shares of the credit-card processor’s stock worth $36,000 after buying an additional 83 shares in the last quarter. NewSquare Capital LLC acquired a new position in Visa during the 4th quarter worth $35,000. Finally, Sellwood Investment Partners LLC acquired a new position in Visa during the 4th quarter worth $41,000. 82.15% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $350.44, for a total transaction of $3,020,792.80. Following the completion of the transaction, the chief executive officer now owns 537 shares in the company, valued at approximately $188,186.28. This trade represents a 94.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of Visa stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $345.58, for a total value of $889,868.50. Following the transaction, the general counsel now owns 11,925 shares of the company’s stock, valued at $4,121,041.50. The trade was a 17.76% decrease in their position. The disclosure for this sale can be found here. Insiders sold 140,448 shares of company stock worth $50,133,659 in the last quarter. Corporate insiders own 0.13% of the company’s stock.

Visa Price Performance

V stock opened at $352.75 on Friday. The stock has a market cap of $650.87 billion, a PE ratio of 35.56, a price-to-earnings-growth ratio of 2.33 and a beta of 0.94. The stock has a 50-day moving average price of $349.76 and a two-hundred day moving average price of $337.45. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $375.51.

Visa (NYSE:V) last announced its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, beating the consensus estimate of $2.68 by $0.08. The company had revenue of $9.59 billion during the quarter, compared to analysts’ expectations of $9.57 billion. Visa had a return on equity of 54.79% and a net margin of 54.27%. Visa’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter last year, the company earned $2.51 EPS. Equities analysts forecast that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend was Tuesday, May 13th. Visa’s payout ratio is 23.72%.

Wall Street Analysts Forecast Growth

V has been the topic of a number of analyst reports. Evercore ISI initiated coverage on Visa in a research note on Wednesday, April 9th. They issued an “in-line” rating and a $330.00 price target on the stock. Citigroup initiated coverage on Visa in a research note on Monday, June 2nd. They issued a “buy” rating on the stock. Truist Financial initiated coverage on Visa in a research note on Monday, June 2nd. They issued a “buy” rating and a $400.00 price target on the stock. Mizuho raised Visa from a “neutral” rating to an “outperform” rating and increased their price target for the company from $359.00 to $425.00 in a research note on Thursday, June 5th. Finally, William Blair reissued an “outperform” rating on shares of Visa in a research note on Wednesday, April 30th. Five research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $372.80.

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.