Flywheel Private Wealth LLC Has $279,000 Holdings in Visa Inc. $V

Flywheel Private Wealth LLC trimmed its position in shares of Visa Inc. (NYSE:V) by 23.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 786 shares of the credit-card processor’s stock after selling 246 shares during the quarter. Flywheel Private Wealth LLC’s holdings in Visa were worth $279,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in V. Brighton Jones LLC boosted its stake 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 valued at $6,522,000 after purchasing an additional 6,883 shares in the last quarter. 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. Summit Global Investments bought a new position in shares of Visa during the first quarter worth about $232,000. Baker Tilly Wealth Management LLC raised its position in shares of Visa by 2.9% during the first quarter. Baker Tilly Wealth Management LLC now owns 12,465 shares of the credit-card processor’s stock worth $4,369,000 after acquiring an additional 348 shares during the last quarter. Finally, Worth Asset Management LLC raised its position in shares of Visa by 218.6% during the first quarter. Worth Asset Management LLC now owns 6,381 shares of the credit-card processor’s stock worth $2,236,000 after acquiring an additional 4,378 shares during the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Visa Stock Up 0.9%

Shares of NYSE:V opened at $340.27 on Tuesday. The stock has a market cap of $623.64 billion, a price-to-earnings ratio of 33.23, a PEG ratio of 2.24 and a beta of 0.92. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.52. Visa Inc. has a 12-month low of $273.20 and a 12-month high of $375.51. The business’s 50 day moving average is $344.44 and its 200 day moving average is $346.54.

Visa (NYSE:V) last posted its quarterly earnings data on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share for the quarter, topping the consensus estimate of $2.85 by $0.13. Visa had a return on equity of 58.93% and a net margin of 52.16%.The business had revenue of $10.17 billion for the quarter, compared to analysts’ expectations of $9.82 billion. During the same quarter in the previous year, the firm earned $2.42 earnings per share. The business’s revenue was up 14.3% on a year-over-year basis. On average, sell-side analysts forecast that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 12th were paid a $0.59 dividend. The ex-dividend date was Tuesday, August 12th. This represents a $2.36 annualized dividend and a dividend yield of 0.7%. Visa’s payout ratio is presently 23.05%.

Insider Activity

In other Visa news, General Counsel Julie B. Rottenberg sold 2,027 shares of the business’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $344.02, for a total value of $697,328.54. Following the sale, the general counsel directly owned 11,925 shares in the company, valued at $4,102,438.50. The trade was a 14.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.13% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on V shares. Deutsche Bank Aktiengesellschaft started coverage on Visa in a research report on Thursday, July 17th. They set a “buy” rating and a $410.00 price objective for the company. UBS Group restated a “buy” rating and set a $415.00 price objective (up from $405.00) on shares of Visa in a research report on Wednesday, July 30th. Mizuho upgraded Visa from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $359.00 to $425.00 in a research report on Thursday, June 5th. The Goldman Sachs Group began coverage on Visa in a research report on Monday, June 2nd. They set a “neutral” rating for the company. Finally, Raymond James Financial reiterated an “outperform” rating on shares of Visa in a report on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $385.96.

About Visa

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.