One Wealth Advisors LLC Sells 1,716 Shares of Visa Inc. $V

One Wealth Advisors LLC lessened its stake in shares of Visa Inc. (NYSE:V) by 21.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 6,382 shares of the credit-card processor’s stock after selling 1,716 shares during the period. One Wealth Advisors LLC’s holdings in Visa were worth $2,266,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Emerald Advisors LLC grew its holdings in Visa by 7.3% during the second quarter. Emerald Advisors LLC now owns 2,325 shares of the credit-card processor’s stock valued at $825,000 after purchasing an additional 158 shares during the period. JLB & Associates Inc. lifted its position in shares of Visa by 0.5% in the second quarter. JLB & Associates Inc. now owns 16,079 shares of the credit-card processor’s stock worth $5,709,000 after buying an additional 81 shares in the last quarter. Halbert Hargrove Global Advisors LLC lifted its position in shares of Visa by 75.8% in the second quarter. Halbert Hargrove Global Advisors LLC now owns 749 shares of the credit-card processor’s stock worth $266,000 after buying an additional 323 shares in the last quarter. Poinciana Advisors Group LLC lifted its position in shares of Visa by 8.3% in the second quarter. Poinciana Advisors Group LLC now owns 690 shares of the credit-card processor’s stock worth $245,000 after buying an additional 53 shares in the last quarter. Finally, G&S Capital LLC lifted its position in shares of Visa by 1,052.0% in the second quarter. G&S Capital LLC now owns 7,396 shares of the credit-card processor’s stock worth $2,626,000 after buying an additional 6,754 shares in the last quarter. Institutional investors own 82.15% of the company’s stock.

Insider Buying and Selling

In other news, General Counsel Julie B. Rottenberg sold 2,027 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $344.02, for a total transaction of $697,328.54. Following the transaction, the general counsel owned 11,925 shares of the company’s stock, valued at approximately $4,102,438.50. This represents a 14.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Ryan Mcinerney sold 10,485 shares of the stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $342.30, for a total value of $3,589,015.50. Following the completion of the transaction, the chief executive officer directly owned 537 shares in the company, valued at approximately $183,815.10. This trade represents a 95.13% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

V has been the topic of a number of research analyst reports. Barclays reiterated an “overweight” rating and issued a $408.00 target price (up from $396.00) on shares of Visa in a research report on Thursday, July 31st. Erste Group Bank downgraded Visa from a “buy” rating to a “hold” rating in a research report on Monday, September 22nd. Macquarie boosted their target price on Visa from $380.00 to $425.00 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. Oppenheimer boosted their price objective on Visa from $390.00 to $391.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 2nd. Finally, Truist Financial reduced their price objective on Visa from $400.00 to $397.00 and set a “buy” rating on the stock in a research note on Thursday, July 17th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Visa currently has an average rating of “Moderate Buy” and an average price target of $385.96.

Visa Trading Down 0.5%

V opened at $345.97 on Friday. The stock has a market cap of $634.09 billion, a price-to-earnings ratio of 33.79, a P/E/G ratio of 2.06 and a beta of 0.90. The stock’s 50 day moving average price is $343.92 and its 200-day moving average price is $346.60. Visa Inc. has a one year low of $273.24 and a one year high of $375.51. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.12 and a current ratio of 1.12.

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

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 12th were paid a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.7%. Visa’s dividend payout ratio is currently 23.05%.

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.