LexAurum Advisors LLC Sells 86 Shares of Visa Inc. (NYSE:V)

LexAurum Advisors LLC reduced its stake in Visa Inc. (NYSE:V) by 3.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,397 shares of the credit-card processor’s stock after selling 86 shares during the period. LexAurum Advisors LLC’s holdings in Visa were worth $840,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in V. Sivia Capital Partners LLC boosted its stake in shares of Visa by 8.4% during the first quarter. Sivia Capital Partners LLC now owns 3,954 shares of the credit-card processor’s stock valued at $1,386,000 after purchasing an additional 308 shares in the last quarter. First City Capital Management Inc. boosted its stake in shares of Visa by 15.7% during the first quarter. First City Capital Management Inc. now owns 1,473 shares of the credit-card processor’s stock valued at $516,000 after purchasing an additional 200 shares in the last quarter. Sulzberger Capital Advisors Inc. boosted its stake in shares of Visa by 4.9% during the first quarter. Sulzberger Capital Advisors Inc. now owns 811 shares of the credit-card processor’s stock valued at $284,000 after purchasing an additional 38 shares in the last quarter. Gateway Investment Advisers LLC boosted its stake in shares of Visa by 1.9% during the first quarter. Gateway Investment Advisers LLC now owns 474,552 shares of the credit-card processor’s stock valued at $166,311,000 after purchasing an additional 9,017 shares in the last quarter. Finally, KFG Wealth Management LLC boosted its stake in shares of Visa by 3.0% during the first quarter. KFG Wealth Management LLC now owns 1,672 shares of the credit-card processor’s stock valued at $586,000 after purchasing an additional 48 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. 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. Citigroup initiated coverage on shares of Visa in a research note on Monday, June 2nd. They set a “buy” rating on the stock. Mizuho upgraded shares of Visa from a “neutral” rating to an “outperform” rating and raised their target price for the company from $359.00 to $425.00 in a research note on Thursday. Piper Sandler raised their target price on shares of Visa from $383.00 to $384.00 and gave the company an “overweight” rating in a research note on Wednesday, April 30th. Finally, The Goldman Sachs Group initiated coverage on shares of Visa in a research note on Monday, June 2nd. They issued a “neutral” rating for the company. Five investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $372.80.

Visa Trading Up 1.0%

Shares of Visa stock opened at $370.44 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a fifty day moving average price of $345.45 and a 200 day moving average price of $335.70. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $371.00. The stock has a market cap of $683.52 billion, a PE ratio of 37.34, a price-to-earnings-growth ratio of 2.33 and a beta of 0.94.

Visa (NYSE:V) last issued its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, topping 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 quarter last year, the company posted $2.51 earnings per share. The firm’s revenue was up 9.3% compared to the same quarter last year. Equities research analysts predict that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

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

Insider Buying and Selling

In related news, insider Paul D. Fabara sold 39,350 shares of the firm’s stock in a transaction 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 sale, the insider now owns 26,413 shares in the company, valued at approximately $8,642,333.60. This trade represents a 59.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of the firm’s stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $345.58, for a total transaction of $889,868.50. Following the sale, the general counsel now owns 11,925 shares in the company, valued at approximately $4,121,041.50. This represents a 17.76% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 168,162 shares of company stock valued at $58,645,479 over the last 90 days. 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.