Mutual Advisors LLC Purchases 4,087 Shares of Visa Inc. (NYSE:V)

Mutual Advisors LLC boosted its position in shares of Visa Inc. (NYSE:VGet Rating) by 19.2% during the second quarter, Holdings Channel.com reports. The fund owned 25,395 shares of the credit-card processor’s stock after acquiring an additional 4,087 shares during the quarter. Mutual Advisors LLC’s holdings in Visa were worth $5,000,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Aurora Private Wealth Inc. raised its position in shares of Visa by 7,648.7% during the second quarter. Aurora Private Wealth Inc. now owns 79,502 shares of the credit-card processor’s stock valued at $31,000 after buying an additional 78,476 shares during the last quarter. Monumental Financial Group Inc. bought a new stake in shares of Visa during the first quarter valued at approximately $35,000. Ritter Daniher Financial Advisory LLC DE bought a new stake in shares of Visa during the second quarter valued at approximately $35,000. Apeiron RIA LLC raised its position in shares of Visa by 7.1% during the second quarter. Apeiron RIA LLC now owns 1,589 shares of the credit-card processor’s stock valued at $40,000 after buying an additional 105 shares during the last quarter. Finally, Investors Asset Management of Georgia Inc. GA ADV purchased a new position in shares of Visa in the second quarter valued at $44,000. Institutional investors own 81.49% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Wells Fargo & Company raised their target price on shares of Visa from $225.00 to $250.00 and gave the company an “overweight” rating in a report on Friday. Citigroup cut their target price on shares of Visa from $254.00 to $238.00 and set a “buy” rating for the company in a report on Wednesday, October 26th. Morgan Stanley raised their target price on shares of Visa from $282.00 to $284.00 and gave the company an “overweight” rating in a report on Wednesday, October 26th. StockNews.com lowered shares of Visa from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Robert W. Baird raised their target price on shares of Visa from $240.00 to $250.00 in a report on Wednesday, October 26th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $249.00.

Insider Buying and Selling

In other Visa news, CEO Alfred F. Kelly, Jr. sold 6,000 shares of the stock in a transaction dated Thursday, September 29th. The shares were sold at an average price of $180.00, for a total transaction of $1,080,000.00. Following the completion of the sale, the chief executive officer now directly owns 153,887 shares of the company’s stock, valued at $27,699,660. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.21% of the stock is owned by insiders.

Visa Stock Down 2.0 %

NYSE:V traded down $4.34 during mid-day trading on Tuesday, reaching $209.34. The company’s stock had a trading volume of 61,375 shares, compared to its average volume of 7,172,069. Visa Inc. has a 1 year low of $174.60 and a 1 year high of $235.85. The stock has a fifty day moving average of $197.72 and a 200-day moving average of $201.93. The firm has a market capitalization of $394.29 billion, a PE ratio of 30.57, a price-to-earnings-growth ratio of 1.75 and a beta of 0.95. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.61.

Visa (NYSE:VGet Rating) last released its quarterly earnings data on Tuesday, October 25th. The credit-card processor reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.86 by $0.07. Visa had a net margin of 51.03% and a return on equity of 48.56%. The company had revenue of $7.79 billion during the quarter, compared to analyst estimates of $7.55 billion. Equities research analysts forecast that Visa Inc. will post 8.3 earnings per share for the current year.

Visa Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 3rd. Investors of record on Friday, December 16th will be paid a $0.395 dividend. This represents a $1.58 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date is Thursday, December 15th. Visa’s dividend payout ratio (DPR) is presently 25.75%.

Visa announced that its board has approved a stock buyback plan on Tuesday, October 25th that permits the company to buyback $12.00 billion in shares. This buyback authorization permits the credit-card processor to purchase up to 3.1% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its stock is undervalued.

About Visa

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

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Institutional Ownership by Quarter for Visa (NYSE:V)

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