Shares of Visa Inc. (NYSE:V) acquired by Dividend Assets Capital LLC

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Dividend Assets Capital LLC increased its stake in Visa Inc. (NYSE:VGet a rating) by 2.9% in the first quarter, HoldingsChannel.com reports. The company held 54,902 shares of the credit card processor after purchasing an additional 1,561 shares during the quarter. Visa represents 2.3% of Dividend Assets Capital LLC’s investment portfolio, making the stock its 10th largest position. Dividend Assets Capital LLC’s holdings in Visa were worth $12,176,000 at the end of the last quarter.

Several other institutional investors have also recently changed their holdings in V. New World Advisors LLC bought a new position in Visa in the third quarter, valued at around $457,000. EagleClaw Capital Management LLC increased its stake in Visa by 1.8% in the third quarter. EagleClaw Capital Management LLC now owns 22,687 shares of the credit card processor valued at $5,054,000 after acquiring 400 additional shares in the last quarter. Legacy Wealth Planning LLC increased its stake in Visa by 16.7% in the third quarter. Legacy Wealth Planning LLC now owns 2,101 shares of the credit card processor valued at $468,000 after acquiring 300 additional shares in the last quarter. Tudor Investment Corp Et Al bought a new position in Visa in the third quarter worth about $654,000. Finally, Voloridge Investment Management LLC increased its stake in Visa by 1,233.7% in the third quarter. Voloridge Investment Management LLC now owns 14,457 shares of the credit card processor valued at $3,220,000 after acquiring 13,373 additional shares in the last quarter. 80.77% of the shares are held by institutional investors and hedge funds.

A number of brokerages issued reports on V. Barclays cut its price target on Visa shares from $265.00 to $260.00 and set an “overweight” rating on the stock in a research note from Monday, April 4. Goldman Sachs Group began covering Visa shares in a research report on Tuesday, May 17. They set a “buy” rating and a price target of $282.00 on the stock. Credit Suisse Group raised its price target on Visa shares from $260.00 to $265.00 and gave the stock an “outperform” rating in a Wednesday, April 27 research report. Citigroup cut its price target on Visa shares from $285.00 to $265.00 in a Monday, April 25 research report. Finally, Piper Sandler cut Visa shares from an “overweight” rating to a “neutral” rating and lowered her price target for the stock from $283.00 to $239.00 in a research report from the Friday, April 29. Five equity research analysts gave the stock a hold rating and twenty-one gave the company a buy rating. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $267.44.

Shares of Stock V opened at $193.82 on Thursday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt ratio of 0.53. Visa Inc. has a 1 year minimum of $185.91 and a 1 year maximum of $252.67. The company’s fifty-day moving average price is $205.14 and its two-hundred-day moving average price is $212.24. The company has a market capitalization of $368.51 billion, a P/E ratio of 30.47, a PEG ratio of 1.62 and a beta of 0.90.

Visa (NYSE:VGet a rating) last released its quarterly results on Tuesday, April 26. The credit card processor reported earnings per share (EPS) of $1.79 for the quarter, beating the consensus estimate of $1.65 by $0.14. Visa had a net margin of 51.10% and a return on equity of 42.89%. The company posted revenue of $7.19 billion for the quarter, versus analyst estimates of $6.82 billion. During the same period of the previous year, the company achieved EPS of $1.38. The company’s revenue increased by 25.5% compared to the same quarter last year. As a group, equity research analysts expect Visa Inc. to post EPS of 7.16 for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 1. Shareholders of record on Friday, May 13 received a dividend of $0.375. The ex-dividend date was Thursday, May 12. This represents an annualized dividend of $1.50 and a yield of 0.77%. Visa’s payout ratio is currently 23.58%.

In other news, the President ryan mcineney sold 6,466 shares of the company in a transaction dated Monday, March 28. The shares were sold at an average price of $220.00, for a total transaction of $1,422,520.00. The transaction was disclosed in a document filed with the SEC, accessible via this link. Additionally, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the company in a trade dated Thursday, March 31. The stock was sold at an average price of $223.91, for a total transaction of $2,015,190.00. Disclosure of this sale can be found here. Insiders sold a total of 39,933 shares of the company worth $8,745,055 during the last quarter. Insiders of the company own 0.21% of the shares of the company.

About Visa (Get a rating)

Visa Inc operates as a worldwide payment technology company. The company facilitates digital payments between consumers, merchants, financial institutions, businesses, strategic partners and government entities. It operates VisaNet, a transaction processing network that enables the authorization, clearing and settlement of payment transactions.

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Want to see what other hedge funds hold V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc. (NYSE:VGet a rating).

Institutional ownership by quarter for Visa (NYSE:V)



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