Visa Inc. (NYSE:V) is Barlow Wealth Partners Inc.’s 6th Largest Position

Barlow Wealth Partners Inc. increased its holdings in Visa Inc. (NYSE:V) by 3.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 95,502 shares of the credit-card processor’s stock after acquiring an additional 3,046 shares during the period. Visa makes up about 3.3% of Barlow Wealth Partners Inc.’s holdings, making the stock its 6th largest holding. Barlow Wealth Partners Inc.’s holdings in Visa were worth $24,274,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in V. Westend Capital Management LLC purchased a new position in shares of Visa during the first quarter worth $25,000. Livelsberger Financial Advisory purchased a new position in shares of Visa during the fourth quarter worth $25,000. POM Investment Strategies LLC boosted its position in shares of Visa by 970.0% during the second quarter. POM Investment Strategies LLC now owns 107 shares of the credit-card processor’s stock worth $28,000 after buying an additional 97 shares during the period. Frank Rimerman Advisors LLC purchased a new position in shares of Visa during the fourth quarter worth $33,000. Finally, TruNorth Capital Management LLC boosted its position in shares of Visa by 211.9% during the second quarter. TruNorth Capital Management LLC now owns 131 shares of the credit-card processor’s stock worth $34,000 after buying an additional 89 shares during the period. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Visa Stock Performance

V traded up $2.05 during trading on Friday, reaching $276.37. The company’s stock had a trading volume of 6,296,089 shares, compared to its average volume of 8,839,052. The company’s fifty day moving average price is $265.70 and its 200-day moving average price is $273.11. The company has a market capitalization of $503.63 billion, a price-to-earnings ratio of 30.88, a price-to-earnings-growth ratio of 1.95 and a beta of 0.95. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.37 and a current ratio of 1.37. Visa Inc. has a 52-week low of $227.78 and a 52-week high of $290.96.

Visa (NYSE:V) last announced its quarterly earnings results on Tuesday, July 23rd. The credit-card processor reported $2.42 EPS for the quarter, hitting the consensus estimate of $2.42. The business had revenue of $8.90 billion for the quarter, compared to analyst estimates of $8.92 billion. Visa had a return on equity of 51.94% and a net margin of 54.72%. The company’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.16 EPS. On average, equities analysts forecast that Visa Inc. will post 9.92 earnings per share for the current fiscal year.

Visa Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Friday, August 9th will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend is Friday, August 9th. Visa’s dividend payout ratio (DPR) is 23.24%.

Wall Street Analyst Weigh In

Several research firms have recently commented on V. William Blair upgraded Visa to a “strong-buy” rating in a research report on Tuesday, July 23rd. Jefferies Financial Group decreased their target price on Visa from $325.00 to $300.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Evercore ISI decreased their target price on Visa from $335.00 to $330.00 and set an “outperform” rating for the company in a report on Tuesday, June 25th. StockNews.com upgraded Visa from a “hold” rating to a “buy” rating in a report on Friday, August 9th. Finally, Piper Sandler decreased their target price on Visa from $322.00 to $319.00 and set an “overweight” rating for the company in a report on Wednesday, July 24th. Six analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $308.50.

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.