Visa Inc. (NYSE:V) Shares Acquired by Clean Yield Group

Clean Yield Group raised its position in Visa Inc. (NYSE:V) by 25.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 679 shares of the credit-card processor’s stock after purchasing an additional 137 shares during the quarter. Clean Yield Group’s holdings in Visa were worth $187,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Trium Capital LLP lifted its holdings in Visa by 21.6% in the third quarter. Trium Capital LLP now owns 8,624 shares of the credit-card processor’s stock worth $2,371,000 after acquiring an additional 1,532 shares during the last quarter. Dynamic Advisor Solutions LLC grew its position in shares of Visa by 1.9% during the third quarter. Dynamic Advisor Solutions LLC now owns 38,610 shares of the credit-card processor’s stock worth $10,616,000 after acquiring an additional 702 shares during the last quarter. Blue Zone Wealth Advisors LLC increased its holdings in shares of Visa by 2.1% in the 3rd quarter. Blue Zone Wealth Advisors LLC now owns 23,298 shares of the credit-card processor’s stock worth $6,406,000 after acquiring an additional 473 shares during the period. Axiom Advisory LLC boosted its stake in Visa by 12.8% during the 3rd quarter. Axiom Advisory LLC now owns 3,584 shares of the credit-card processor’s stock valued at $972,000 after purchasing an additional 406 shares during the period. Finally, Alpha Cubed Investments LLC grew its position in Visa by 2.7% in the 3rd quarter. Alpha Cubed Investments LLC now owns 117,802 shares of the credit-card processor’s stock worth $32,390,000 after purchasing an additional 3,043 shares during the last quarter. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on V. Macquarie reissued an “outperform” rating and issued a $300.00 price objective on shares of Visa in a report on Friday, September 27th. Bank of America upped their price target on shares of Visa from $279.00 to $308.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 17th. BMO Capital Markets upped their price objective on Visa from $300.00 to $310.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Morgan Stanley reaffirmed an “overweight” rating and set a $322.00 target price on shares of Visa in a report on Wednesday, September 25th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $317.00 price target on shares of Visa in a report on Thursday, September 12th. Six investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $312.04.

Insiders Place Their Bets

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $276.37, for a total transaction of $2,382,309.40. Following the transaction, the chief executive officer now owns 538 shares of the company’s stock, valued at approximately $148,687.06. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.19% of the company’s stock.

Visa Price Performance

V stock traded up $2.09 during trading on Tuesday, hitting $275.88. 365,771 shares of the stock traded hands, compared to its average volume of 7,151,799. The stock has a market cap of $504.57 billion, a price-to-earnings ratio of 30.60, a P/E/G ratio of 1.92 and a beta of 0.96. Visa Inc. has a one year low of $228.03 and a one year high of $293.07. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.54. The company has a 50 day simple moving average of $273.00 and a 200 day simple moving average of $272.86.

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

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Friday, August 9th were given a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend was Friday, August 9th. Visa’s payout ratio is presently 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.