Roberts Wealth Advisors LLC Buys 298 Shares of Visa Inc. (NYSE:V)

Roberts Wealth Advisors LLC lifted its stake in Visa Inc. (NYSE:V) by 1.7% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,116 shares of the credit-card processor’s stock after acquiring an additional 298 shares during the period. Visa accounts for about 1.8% of Roberts Wealth Advisors LLC’s investment portfolio, making the stock its 14th largest position. Roberts Wealth Advisors LLC’s holdings in Visa were worth $4,915,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Westend Capital Management LLC bought a new stake in Visa during the 1st quarter valued at approximately $25,000. Livelsberger Financial Advisory bought a new stake in shares of Visa in the fourth quarter valued at approximately $25,000. O Brien Wealth Partners LLC acquired a new stake in shares of Visa in the fourth quarter worth $32,000. Frank Rimerman Advisors LLC bought a new position in Visa during the fourth quarter worth $33,000. Finally, Valued Wealth Advisors LLC acquired a new position in Visa during the 4th quarter valued at $37,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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

Visa Stock Up 0.3 %

Shares of NYSE V opened at $263.17 on Tuesday. Visa Inc. has a 12-month low of $227.68 and a 12-month high of $290.96. The firm’s 50-day simple moving average is $273.88 and its 200 day simple moving average is $273.58. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.53. The company has a market cap of $481.32 billion, a price-to-earnings ratio of 29.40, a price-to-earnings-growth ratio of 1.80 and a beta of 0.95.

Visa (NYSE:V) last announced its 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. The company had revenue of $8.78 billion for the quarter, compared to analyst estimates of $8.62 billion. Visa had a net margin of 53.87% and a return on equity of 51.23%. Visa’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the business earned $2.09 earnings per share. On average, research analysts expect that Visa Inc. will post 9.94 earnings per share for the current fiscal year.

Visa Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on V shares. Evercore ISI decreased their price target on shares of Visa from $335.00 to $330.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 25th. Macquarie boosted their price target on Visa from $290.00 to $300.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Oppenheimer raised their price objective on Visa from $297.00 to $299.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Redburn Atlantic reissued a “neutral” rating and set a $307.00 price objective on shares of Visa in a report on Wednesday, March 27th. Finally, Wedbush upped their target price on Visa from $280.00 to $300.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Five equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Visa currently has an average rating of “Moderate Buy” and an average price target of $303.56.

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.