LVW Advisors LLC Purchases 114 Shares of Visa Inc. (NYSE:V)

LVW Advisors LLC boosted its position in Visa Inc. (NYSE:V) by 0.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 19,950 shares of the credit-card processor’s stock after acquiring an additional 114 shares during the period. Visa accounts for 0.8% of LVW Advisors LLC’s investment portfolio, making the stock its 20th biggest position. LVW Advisors LLC’s holdings in Visa were worth $6,992,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Bradley & Co. Private Wealth Management LLC purchased a new position in shares of Visa during the fourth quarter valued at about $27,000. POM Investment Strategies LLC increased its position in shares of Visa by 48.5% during the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock valued at $31,000 after buying an additional 32 shares during the period. Compass Planning Associates Inc purchased a new position in shares of Visa during the fourth quarter valued at about $32,000. NewSquare Capital LLC purchased a new position in shares of Visa during the fourth quarter valued at about $35,000. Finally, FPC Investment Advisory Inc. increased its position in shares of Visa by 377.3% during the fourth quarter. FPC Investment Advisory Inc. now owns 105 shares of the credit-card processor’s stock valued at $36,000 after buying an additional 83 shares during the period. Institutional investors own 82.15% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on V shares. Piper Sandler boosted their price target on shares of Visa from $383.00 to $384.00 and gave the company an “overweight” rating in a research report on Wednesday, April 30th. Wall Street Zen raised shares of Visa from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. Susquehanna reissued a “positive” rating on shares of Visa in a research note on Friday, March 21st. Macquarie dropped their price objective on shares of Visa from $400.00 to $380.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 30th. Finally, Citigroup reissued a “neutral” rating on shares of Visa in a research note on Thursday, February 13th. Six investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Visa currently has a consensus rating of “Moderate Buy” and a consensus price target of $366.13.

Insider Activity at Visa

In related news, insider Paul D. Fabara sold 39,350 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $327.20, for a total transaction of $12,875,320.00. Following the completion of the sale, the insider now directly owns 26,413 shares in the company, valued at approximately $8,642,333.60. The trade was a 59.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $350.44, for a total transaction of $3,020,792.80. Following the sale, the chief executive officer now owns 537 shares of the company’s stock, valued at $188,186.28. This trade represents a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 113,328 shares of company stock worth $38,419,222. 0.13% of the stock is owned by company insiders.

Visa Stock Up 0.8%

V opened at $365.43 on Monday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The firm has a 50 day moving average price of $343.40 and a 200-day moving average price of $333.88. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $369.15. The stock has a market capitalization of $674.28 billion, a price-to-earnings ratio of 36.84, a PEG ratio of 2.33 and a beta of 0.96.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, beating the consensus estimate of $2.68 by $0.08. Visa had a net margin of 54.27% and a return on equity of 54.79%. The firm had revenue of $9.59 billion during the quarter, compared to analysts’ expectations of $9.57 billion. During the same period in the previous year, the company earned $2.51 earnings per share. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. Equities research analysts forecast that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th will be issued a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $2.36 annualized dividend and a dividend yield of 0.65%. Visa’s payout ratio is 23.72%.

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.