Meadow Creek Wealth Advisors LLC Has $1.46 Million Holdings in Visa Inc. (NYSE:V)

Meadow Creek Wealth Advisors LLC grew its holdings in shares of Visa Inc. (NYSE:V) by 27.9% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,220 shares of the credit-card processor’s stock after buying an additional 1,138 shares during the period. Visa makes up 1.0% of Meadow Creek Wealth Advisors LLC’s investment portfolio, making the stock its 26th largest holding. Meadow Creek Wealth Advisors LLC’s holdings in Visa were worth $1,457,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Mizuho increased their target price on Visa from $265.00 to $275.00 and gave the stock a “neutral” rating in a report on Thursday, May 2nd. Evercore ISI cut their target price on Visa from $335.00 to $330.00 and set an “outperform” rating on the stock in a report on Tuesday, June 25th. Piper Sandler assumed coverage on Visa in a report on Monday, May 13th. They issued an “overweight” rating and a $322.00 target price on the stock. Royal Bank of Canada increased their price target on Visa from $309.00 to $315.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Finally, Citigroup increased their price target on Visa from $314.00 to $321.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Five 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, Visa has an average rating of “Moderate Buy” and a consensus target price of $303.56.

Visa Trading Up 0.3 %

Shares of V opened at $268.99 on Friday. The business has a 50-day moving average of $273.45 and a 200 day moving average of $273.65. Visa Inc. has a fifty-two week low of $227.68 and a fifty-two week high of $290.96. The firm has a market cap of $491.97 billion, a P/E ratio of 30.05, a price-to-earnings-growth ratio of 1.84 and a beta of 0.95. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.40 and a current ratio of 1.40.

Visa (NYSE:V) last announced its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $8.62 billion. During the same quarter last year, the firm posted $2.09 EPS. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. As a group, research analysts forecast that Visa Inc. will post 9.94 EPS for the current year.

Visa Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Friday, May 17th were paid a $0.52 dividend. The ex-dividend date was Thursday, May 16th. This represents a $2.08 annualized dividend and a yield of 0.77%. Visa’s dividend payout ratio is currently 23.24%.

Insiders Place Their Bets

In other Visa news, Director Lloyd Carney sold 909 shares of the firm’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $275.55, for a total value of $250,474.95. Following the completion of the transaction, the director now owns 2,591 shares in the company, valued at approximately $713,950.05. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Visa news, Director Lloyd Carney sold 909 shares of the firm’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $275.55, for a total value of $250,474.95. Following the completion of the transaction, the director now owns 2,591 shares in the company, valued at approximately $713,950.05. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Paul D. Fabara sold 25,293 shares of Visa 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 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 owned by corporate insiders.

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.