LVW Advisors LLC Increases Position in Visa Inc. (NYSE:V)

LVW Advisors LLC grew its holdings in shares of Visa Inc. (NYSE:V) by 0.5% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 18,997 shares of the credit-card processor’s stock after purchasing an additional 97 shares during the period. Visa makes up approximately 0.9% of LVW Advisors LLC’s holdings, making the stock its 22nd largest position. LVW Advisors LLC’s holdings in Visa were worth $5,302,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Livelsberger Financial Advisory purchased a new stake in Visa during the 4th quarter valued at $25,000. Westend Capital Management LLC bought a new stake in shares of Visa in the first quarter worth approximately $25,000. O Brien Wealth Partners LLC purchased a new position in shares of Visa during the fourth quarter valued at approximately $32,000. Frank Rimerman Advisors LLC bought a new position in Visa during the fourth quarter valued at approximately $33,000. Finally, Valued Wealth Advisors LLC purchased a new stake in Visa in the fourth quarter worth approximately $37,000. 82.15% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Visa news, insider Paul D. Fabara sold 25,293 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $277.15, for a total transaction of $7,009,954.95. Following the completion of the transaction, the insider now owns 17,894 shares in the company, valued at $4,959,322.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Paul D. Fabara sold 25,293 shares of the business’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $277.15, for a total transaction of $7,009,954.95. Following the completion of the sale, the insider now directly owns 17,894 shares of the company’s stock, valued at $4,959,322.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lloyd Carney sold 909 shares of the company’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $275.55, for a total transaction of $250,474.95. Following the completion of the transaction, the director now owns 2,591 shares in the company, valued at $713,950.05. The disclosure for this sale can be found here. 0.19% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

V has been the subject of a number of research reports. Evercore ISI reduced their price objective on Visa from $335.00 to $330.00 and set an “outperform” rating for the company in a research report on Tuesday, June 25th. Redburn Atlantic restated a “neutral” rating and issued a $307.00 price objective on shares of Visa in a research note on Wednesday, March 27th. Royal Bank of Canada lifted their price objective on Visa from $309.00 to $315.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. TD Cowen assumed coverage on shares of Visa in a research note on Thursday, April 11th. They set a “buy” rating and a $320.00 target price on the stock. Finally, William Blair reissued an “outperform” rating on shares of Visa in a research note on Wednesday, April 24th. Five equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $303.56.

Visa Trading Up 0.3 %

Shares of V stock opened at $263.17 on Tuesday. The company has a market cap of $481.32 billion, a PE ratio of 29.40, a price-to-earnings-growth ratio of 1.80 and a beta of 0.95. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.40 and a quick ratio of 1.40. The stock’s 50 day simple moving average is $273.88 and its two-hundred day simple moving average is $273.58. Visa Inc. has a 1 year low of $227.68 and a 1 year high of $290.96.

Visa (NYSE:V) last issued its quarterly earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.43 by $0.08. Visa had a return on equity of 51.23% and a net margin of 53.87%. The company had revenue of $8.78 billion during the quarter, compared to the consensus estimate of $8.62 billion. During the same period last year, the company earned $2.09 earnings per share. Visa’s revenue was up 9.9% on a year-over-year basis. Research analysts predict that Visa Inc. will post 9.94 earnings per share for the current year.

Visa Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Friday, May 17th were issued a dividend of $0.52 per share. The ex-dividend date was Thursday, May 16th. This represents a $2.08 annualized dividend and a yield of 0.79%. Visa’s payout ratio is 23.24%.

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.