Warren Street Wealth Advisors LLC Acquires 122 Shares of Visa Inc. (NYSE:V)

Warren Street Wealth Advisors LLC raised its holdings in Visa Inc. (NYSE:V) by 5.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,520 shares of the credit-card processor’s stock after purchasing an additional 122 shares during the quarter. Warren Street Wealth Advisors LLC’s holdings in Visa were worth $883,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Bradley & Co. Private Wealth Management LLC purchased a new position in shares of Visa during the 4th quarter valued at $27,000. POM Investment Strategies LLC lifted its position in shares of Visa by 48.5% during the 4th 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 last quarter. Compass Planning Associates Inc purchased a new position in shares of Visa during the 4th quarter valued at $32,000. FPC Investment Advisory Inc. lifted its holdings in Visa by 377.3% during the 4th quarter. FPC Investment Advisory Inc. now owns 105 shares of the credit-card processor’s stock worth $36,000 after purchasing an additional 83 shares in the last quarter. Finally, NewSquare Capital LLC purchased a new stake in Visa during the 4th quarter worth about $35,000. Institutional investors own 82.15% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on V. Susquehanna reissued a “positive” rating on shares of Visa in a report on Friday, March 21st. BMO Capital Markets increased their price objective on Visa from $370.00 to $380.00 and gave the stock an “outperform” rating in a report on Wednesday, April 30th. Evercore ISI began coverage on Visa in a report on Wednesday, April 9th. They set an “in-line” rating and a $330.00 price objective on the stock. Keefe, Bruyette & Woods reissued a “hold” rating on shares of Visa in a report on Thursday, February 13th. Finally, Piper Sandler increased their price objective on Visa from $383.00 to $384.00 and gave the stock an “overweight” rating in a report on Wednesday, April 30th. Six 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $367.48.

Visa Price Performance

V opened at $368.04 on Thursday. The stock’s 50 day simple moving average is $344.66 and its 200 day simple moving average is $334.72. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $371.75. The firm has a market cap of $679.09 billion, a price-to-earnings ratio of 37.10, 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, topping the consensus estimate of $2.68 by $0.08. Visa had a return on equity of 54.79% and a net margin of 54.27%. The business had revenue of $9.59 billion during the quarter, compared to analysts’ expectations of $9.57 billion. During the same quarter last year, the business posted $2.51 EPS. The business’s revenue was up 9.3% on a year-over-year basis. As a group, analysts predict that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.64%. The ex-dividend date was Tuesday, May 13th. Visa’s dividend payout ratio (DPR) is currently 23.72%.

Insiders Place Their Bets

In other Visa news, insider Paul D. Fabara sold 39,350 shares of the stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $340.41, for a total value of $13,395,133.50. Following the completion of the sale, the insider now owns 26,413 shares in the company, valued at approximately $8,991,249.33. This trade represents a 59.84% decrease in their position. The transaction 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 stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $345.58, for a total value of $2,978,899.60. Following the completion of the sale, the chief executive officer now owns 537 shares of the company’s stock, valued at approximately $185,576.46. This trade represents a 94.14% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 121,948 shares of company stock worth $41,546,299. 0.13% of the stock is currently owned by company insiders.

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.