Visa Inc. (NYSE:V) Shares Purchased by Merriman Wealth Management LLC

Merriman Wealth Management LLC increased its position in shares of Visa Inc. (NYSE:V) by 3.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,524 shares of the credit-card processor’s stock after purchasing an additional 53 shares during the period. Merriman Wealth Management LLC’s holdings in Visa were worth $400,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Connecticut Wealth Management LLC raised its holdings in Visa by 2.7% in the 2nd quarter. Connecticut Wealth Management LLC now owns 16,509 shares of the credit-card processor’s stock valued at $4,333,000 after buying an additional 431 shares during the period. Alaethes Wealth LLC increased its position in shares of Visa by 1.8% during the second quarter. Alaethes Wealth LLC now owns 8,826 shares of the credit-card processor’s stock valued at $2,317,000 after acquiring an additional 156 shares during the last quarter. Legacy Financial Advisors Inc. raised its stake in shares of Visa by 4.2% in the 2nd quarter. Legacy Financial Advisors Inc. now owns 12,757 shares of the credit-card processor’s stock valued at $3,348,000 after acquiring an additional 514 shares during the period. 11 Capital Partners LP lifted its holdings in shares of Visa by 28.0% in the 2nd quarter. 11 Capital Partners LP now owns 48,440 shares of the credit-card processor’s stock worth $12,714,000 after acquiring an additional 10,600 shares during the last quarter. Finally, Summit Trail Advisors LLC boosted its position in shares of Visa by 0.6% during the 2nd quarter. Summit Trail Advisors LLC now owns 19,035 shares of the credit-card processor’s stock worth $4,996,000 after purchasing an additional 118 shares during the period. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Visa Stock Down 0.2 %

V opened at $284.77 on Friday. Visa Inc. has a one year low of $227.78 and a one year high of $293.07. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.37 and a current ratio of 1.37. The stock has a market capitalization of $520.83 billion, a P/E ratio of 31.82, a price-to-earnings-growth ratio of 2.05 and a beta of 0.96. The business’s 50-day simple moving average is $270.65 and its 200-day simple moving average is $273.45.

Visa (NYSE:V) last released its quarterly 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 company had revenue of $8.90 billion for the quarter, compared to analyst estimates of $8.92 billion. Visa had a return on equity of 51.94% and a net margin of 54.72%. The firm’s revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.16 earnings per share. Analysts anticipate that Visa Inc. will post 9.92 EPS for the current year.

Visa Dividend Announcement

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

Analyst Ratings Changes

V has been the topic of a number of research reports. Macquarie restated an “outperform” rating and set a $300.00 price target on shares of Visa in a research note on Wednesday, July 24th. Compass Point began coverage on Visa in a report on Wednesday, September 4th. They set a “buy” rating and a $319.00 target price for the company. Jefferies Financial Group cut their price target on shares of Visa from $325.00 to $300.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Piper Sandler lowered their price objective on shares of Visa from $322.00 to $319.00 and set an “overweight” rating for the company in a research note on Wednesday, July 24th. Finally, TD Cowen cut their target price on shares of Visa from $320.00 to $318.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Six analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $310.22.

Insiders Place Their Bets

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the company’s 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 completion of the sale, the chief executive officer now directly owns 538 shares of the company’s stock, valued at approximately $148,687.06. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.19% of the stock is currently owned by insiders.

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.