Visa Inc. (NYSE:V) Stock Holdings Increased by Hall Capital Management Co. Inc.

Hall Capital Management Co. Inc. boosted its position in Visa Inc. (NYSE:V) by 0.9% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 10,053 shares of the credit-card processor’s stock after buying an additional 92 shares during the period. Hall Capital Management Co. Inc.’s holdings in Visa were worth $2,639,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. GUNN & Co INVESTMENT MANAGEMENT INC. increased its holdings in shares of Visa by 1,215.7% in the fourth quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 168,786 shares of the credit-card processor’s stock valued at $43,943,000 after buying an additional 155,957 shares in the last quarter. Valmark Advisers Inc. boosted its holdings in Visa by 66.8% during the fourth quarter. Valmark Advisers Inc. now owns 5,075 shares of the credit-card processor’s stock valued at $1,321,000 after acquiring an additional 2,032 shares during the period. Brio Consultants LLC raised its position in shares of Visa by 39.1% during the fourth quarter. Brio Consultants LLC now owns 1,555 shares of the credit-card processor’s stock valued at $405,000 after buying an additional 437 shares during the last quarter. McCarthy Asset Management Inc. raised its position in shares of Visa by 33.5% during the fourth quarter. McCarthy Asset Management Inc. now owns 3,802 shares of the credit-card processor’s stock valued at $990,000 after buying an additional 954 shares during the last quarter. Finally, Unique Wealth Strategies LLC acquired a new position in shares of Visa during the fourth quarter valued at about $3,252,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently issued reports on V shares. JPMorgan Chase & Co. increased their price target on shares of Visa from $290.00 to $320.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 20th. William Blair raised shares of Visa to a “strong-buy” rating in a research note on Tuesday, July 23rd. Royal Bank of Canada reduced their price objective on shares of Visa from $315.00 to $311.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 24th. Piper Sandler reduced their price target 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, Macquarie reiterated an “outperform” rating and issued a $300.00 price target on shares of Visa in a research note on Wednesday, July 24th. Six equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Visa presently has a consensus rating of “Moderate Buy” and an average price target of $308.50.

Visa Stock Performance

Shares of NYSE:V traded down $2.95 during trading on Wednesday, hitting $267.77. The company’s stock had a trading volume of 2,271,857 shares, compared to its average volume of 7,130,132. The company has a 50-day moving average of $265.87 and a 200-day moving average of $273.18. Visa Inc. has a 12 month low of $227.78 and a 12 month high of $290.96. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.37 and a quick ratio of 1.37. The firm has a market cap of $489.73 billion, a price-to-earnings ratio of 30.30, a P/E/G ratio of 1.89 and a beta of 0.95.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, July 23rd. The credit-card processor reported $2.42 earnings per share for the quarter, hitting the consensus estimate of $2.42. Visa had a net margin of 54.72% and a return on equity of 51.94%. The firm had revenue of $8.90 billion for the quarter, compared to analysts’ expectations of $8.92 billion. During the same quarter in the prior year, the business earned $2.16 EPS. The business’s quarterly revenue was up 9.6% on a year-over-year basis. On average, sell-side analysts expect that Visa Inc. will post 9.91 earnings per share 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 paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date is Friday, August 9th. Visa’s payout ratio is 23.24%.

Visa 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.