Heritage Family Offices LLP Has $2.42 Million Position in Visa Inc. (NYSE:V)

Heritage Family Offices LLP grew its holdings in Visa Inc. (NYSE:V) by 8.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,912 shares of the credit-card processor’s stock after purchasing an additional 520 shares during the quarter. Visa comprises about 1.2% of Heritage Family Offices LLP’s investment portfolio, making the stock its 12th largest position. Heritage Family Offices LLP’s holdings in Visa were worth $2,422,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of V. Capital & Planning LLC raised its position in shares of Visa by 21.2% during the fourth quarter. Capital & Planning LLC now owns 949 shares of the credit-card processor’s stock worth $300,000 after acquiring an additional 166 shares during the last quarter. Sovereign Investment Advisors LLC bought a new stake in shares of Visa during the fourth quarter worth $424,000. Brighton Jones LLC raised its position in shares of Visa by 50.1% during the fourth quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor’s stock worth $6,522,000 after acquiring an additional 6,883 shares during the last quarter. Union Bancaire Privee UBP SA bought a new stake in shares of Visa during the fourth quarter worth $202,074,000. Finally, Revolve Wealth Partners LLC raised its position in shares of Visa by 68.9% during the fourth quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor’s stock worth $3,733,000 after acquiring an additional 4,817 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on V. Truist Financial began coverage on Visa in a research report on Monday. They set a “buy” rating and a $400.00 target price for the company. Jefferies Financial Group boosted their target price on Visa from $400.00 to $410.00 and gave the stock a “buy” rating in a research report on Tuesday, May 27th. Piper Sandler upped their price objective on Visa from $383.00 to $384.00 and gave the company an “overweight” rating in a report on Wednesday, April 30th. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Visa in a report on Thursday, February 13th. Finally, Barclays upped their price objective on Visa from $361.00 to $396.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Six equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $367.48.

Visa Trading Down 0.0%

Shares of V stock opened at $365.14 on Tuesday. The firm has a market capitalization of $673.74 billion, a P/E ratio of 36.81, a P/E/G ratio of 2.33 and a beta of 0.96. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $369.15. 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 stock’s fifty day simple moving average is $343.82 and its 200 day simple moving average is $334.27.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, topping analysts’ consensus estimates of $2.68 by $0.08. The business had revenue of $9.59 billion for the quarter, compared to analyst estimates of $9.57 billion. Visa had a return on equity of 54.79% and a net margin of 54.27%. Visa’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.51 EPS. As a group, sell-side analysts predict that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th were given a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.65%. Visa’s dividend payout ratio (DPR) is presently 23.72%.

Insider Buying and Selling at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $350.44, for a total value of $3,020,792.80. Following the sale, the chief executive officer now owns 537 shares in the company, valued at approximately $188,186.28. The trade was a 94.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Paul D. Fabara sold 14,813 shares of the company’s stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $355.04, for a total value of $5,259,207.52. Following the completion of the sale, the insider now owns 26,413 shares in the company, valued at $9,377,671.52. This trade represents a 35.93% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 113,328 shares of company stock worth $38,419,222. Insiders own 0.13% 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.