Walkner Condon Financial Advisors LLC Has $633,000 Stock Position in Visa Inc. $V

Walkner Condon Financial Advisors LLC boosted its holdings in Visa Inc. (NYSE:V) by 13.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,784 shares of the credit-card processor’s stock after purchasing an additional 216 shares during the quarter. Walkner Condon Financial Advisors LLC’s holdings in Visa were worth $633,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in V. Brighton Jones LLC raised its stake in shares of Visa by 50.1% during the 4th quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor’s stock worth $6,522,000 after purchasing an additional 6,883 shares during the period. Revolve Wealth Partners LLC raised its position in Visa by 68.9% in the fourth quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor’s stock worth $3,733,000 after acquiring an additional 4,817 shares during the period. Kingsman Wealth Management Inc. bought a new stake in Visa in the first quarter worth about $1,935,000. Capital & Planning LLC boosted its stake in Visa by 25.1% in the first quarter. Capital & Planning LLC now owns 1,187 shares of the credit-card processor’s stock valued at $416,000 after acquiring an additional 238 shares during the last quarter. Finally, Cornerstone Planning Group LLC grew its position in shares of Visa by 103.6% during the 1st quarter. Cornerstone Planning Group LLC now owns 1,026 shares of the credit-card processor’s stock valued at $343,000 after acquiring an additional 522 shares during the period. Institutional investors own 82.15% of the company’s stock.

Insider Activity at Visa

In related news, Director Lloyd Carney sold 900 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $336.48, for a total transaction of $302,832.00. Following the completion of the sale, the director owned 2,468 shares of the company’s stock, valued at $830,432.64. This trade represents a 26.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $344.02, for a total transaction of $697,328.54. Following the transaction, the general counsel owned 11,925 shares in the company, valued at approximately $4,102,438.50. This trade represents a 14.53% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 23,897 shares of company stock valued at $8,164,561. 0.13% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Citigroup upgraded Visa to a “strong-buy” rating in a research note on Thursday, October 23rd. Morgan Stanley set a $398.00 target price on Visa and gave the company an “overweight” rating in a research note on Wednesday, October 29th. Raymond James Financial reiterated an “outperform” rating and set a $408.00 price target (up previously from $398.00) on shares of Visa in a research note on Wednesday, October 29th. Robert W. Baird set a $425.00 price objective on Visa in a report on Wednesday, October 29th. Finally, KeyCorp reaffirmed an “overweight” rating and set a $405.00 price objective on shares of Visa in a report on Wednesday, October 22nd. Four equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $400.00.

Visa Stock Performance

NYSE:V opened at $335.91 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.08 and a quick ratio of 1.12. Visa Inc. has a 1-year low of $299.00 and a 1-year high of $375.51. The business has a 50 day moving average of $343.52 and a 200 day moving average of $348.62. The company has a market capitalization of $615.66 billion, a price-to-earnings ratio of 32.90, a PEG ratio of 2.04 and a beta of 0.87.

Visa (NYSE:V) last announced its quarterly earnings results on Tuesday, October 28th. The credit-card processor reported $2.98 EPS for the quarter, topping analysts’ consensus estimates of $2.97 by $0.01. The business had revenue of $10.72 billion for the quarter, compared to analysts’ expectations of $10.60 billion. Visa had a return on equity of 60.31% and a net margin of 50.15%.The business’s quarterly revenue was up 11.5% on a year-over-year basis. During the same period in the previous year, the firm earned $2.71 EPS. On average, sell-side analysts predict that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Wednesday, November 12th will be paid a dividend of $0.67 per share. The ex-dividend date is Wednesday, November 12th. This is a positive change from Visa’s previous quarterly dividend of $0.59. This represents a $2.68 dividend on an annualized basis and a yield of 0.8%. Visa’s dividend payout ratio (DPR) is presently 23.11%.

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.