Visa Inc. (NYSE:V) Stock Holdings Increased by Alaethes Wealth LLC

Alaethes Wealth LLC grew its holdings in shares of Visa Inc. (NYSE:V) by 1.8% in the second quarter, according to its most recent filing with the SEC. The firm owned 8,826 shares of the credit-card processor’s stock after acquiring an additional 156 shares during the quarter. Visa comprises approximately 1.0% of Alaethes Wealth LLC’s holdings, making the stock its 27th largest position. Alaethes Wealth LLC’s holdings in Visa were worth $2,317,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of V. Livelsberger Financial Advisory bought a new stake in Visa during the fourth quarter worth approximately $25,000. Westend Capital Management LLC acquired a new position in shares of Visa during the 1st quarter valued at $25,000. POM Investment Strategies LLC raised its stake in shares of Visa by 970.0% in the 2nd 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 in the last quarter. Frank Rimerman Advisors LLC acquired a new stake in shares of Visa in the fourth quarter valued at $33,000. Finally, TruNorth Capital Management LLC boosted its stake in Visa by 211.9% during the second quarter. TruNorth Capital Management LLC now owns 131 shares of the credit-card processor’s stock valued at $34,000 after buying an additional 89 shares in the last quarter. Institutional investors own 82.15% of the company’s stock.

Visa Stock Down 0.2 %

Shares of Visa stock opened at $284.67 on Friday. Visa Inc. has a 12-month low of $227.78 and a 12-month high of $293.07. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.54. The stock has a 50 day moving average price of $270.65 and a two-hundred day moving average price of $273.49. The stock has a market capitalization of $518.76 billion, a P/E ratio of 31.81, a PEG ratio of 2.05 and a beta of 0.96.

Visa (NYSE:V) last announced its 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 firm had revenue of $8.90 billion for the quarter, compared to the consensus estimate of $8.92 billion. Visa had a net margin of 54.72% and a return on equity of 51.94%. The business’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter last year, the firm posted $2.16 EPS. Equities analysts expect that Visa Inc. will post 9.92 earnings per share for the current year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Friday, August 9th were given a $0.52 dividend. The ex-dividend date was Friday, August 9th. This represents a $2.08 annualized dividend and a yield of 0.73%. Visa’s dividend payout ratio is 23.24%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Morgan Stanley cut their target price on shares of Visa from $326.00 to $322.00 and set an “overweight” rating for the company in a research note on Wednesday, July 24th. Compass Point began coverage on Visa in a research report on Wednesday, September 4th. They set a “buy” rating and a $319.00 price objective for the company. Macquarie restated an “outperform” rating and issued a $300.00 target price on shares of Visa in a report on Wednesday, July 24th. JPMorgan Chase & Co. boosted their target price on Visa from $290.00 to $320.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 20th. Finally, Evercore ISI decreased their price target on Visa from $335.00 to $330.00 and set an “outperform” rating for the company in a research report on Tuesday, June 25th. Six research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $310.22.

Insiders Place Their Bets

In other news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction that occurred 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 sale, the chief executive officer now owns 538 shares of the company’s stock, valued at approximately $148,687.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.19% of the company’s stock.

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.