Horizon Wealth Management LLC Boosts Stock Holdings in Visa Inc. (NYSE:V)

Horizon Wealth Management LLC raised its holdings in shares of Visa Inc. (NYSE:V) by 20.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,404 shares of the credit-card processor’s stock after buying an additional 243 shares during the period. Horizon Wealth Management LLC’s holdings in Visa were worth $392,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in V. Golden Road Advisors LLC bought a new position in Visa in the first quarter worth about $202,000. Diversified Trust Co boosted its holdings in Visa by 11.3% in the first quarter. Diversified Trust Co now owns 69,754 shares of the credit-card processor’s stock worth $19,467,000 after purchasing an additional 7,106 shares during the last quarter. Skyline Advisors Inc. boosted its holdings in Visa by 22.4% in the first quarter. Skyline Advisors Inc. now owns 1,357 shares of the credit-card processor’s stock worth $379,000 after purchasing an additional 248 shares during the last quarter. Aviance Capital Partners LLC boosted its holdings in Visa by 28.1% in the first quarter. Aviance Capital Partners LLC now owns 21,474 shares of the credit-card processor’s stock worth $5,993,000 after purchasing an additional 4,715 shares during the last quarter. Finally, Omega Financial Group LLC boosted its holdings in Visa by 4.7% in the first quarter. Omega Financial Group LLC now owns 3,220 shares of the credit-card processor’s stock worth $899,000 after purchasing an additional 145 shares during the last quarter. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Paul D. Fabara sold 25,293 shares of Visa stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $277.15, for a total value of $7,009,954.95. Following the completion of the transaction, the insider now owns 17,894 shares in the company, valued at $4,959,322.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Paul D. Fabara sold 25,293 shares of Visa stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $277.15, for a total value of $7,009,954.95. Following the transaction, the insider now directly owns 17,894 shares of the company’s stock, valued at approximately $4,959,322.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lloyd Carney sold 909 shares of Visa stock in a transaction on Friday, April 26th. The shares were sold at an average price of $275.55, for a total transaction of $250,474.95. Following the completion of the transaction, the director now directly owns 2,591 shares in the company, valued at $713,950.05. The disclosure for this sale can be found here. Insiders own 0.19% of the company’s stock.

Visa Price Performance

Shares of NYSE:V traded down $0.09 during trading on Monday, reaching $262.38. 4,317,449 shares of the company’s stock traded hands, compared to its average volume of 6,789,531. Visa Inc. has a fifty-two week low of $227.68 and a fifty-two week high of $290.96. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.53. The firm has a market cap of $479.88 billion, a PE ratio of 29.23, a P/E/G ratio of 1.80 and a beta of 0.95. The company has a 50-day simple moving average of $273.88 and a 200-day simple moving average of $273.58.

Visa (NYSE:V) last posted its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, beating analysts’ consensus estimates of $2.43 by $0.08. Visa had a return on equity of 51.23% and a net margin of 53.87%. The firm had revenue of $8.78 billion for the quarter, compared to analysts’ expectations of $8.62 billion. During the same period last year, the firm earned $2.09 EPS. The company’s quarterly revenue was up 9.9% on a year-over-year basis. As a group, analysts predict that Visa Inc. will post 9.94 earnings per share for the current year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Friday, May 17th were paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend was Thursday, May 16th. Visa’s payout ratio is 23.24%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on V. Macquarie raised their target price on shares of Visa from $290.00 to $300.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Oppenheimer raised their price objective on shares of Visa from $297.00 to $299.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Mizuho lifted their price target on shares of Visa from $265.00 to $275.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. Redburn Atlantic reiterated a “neutral” rating and issued a $307.00 price target on shares of Visa in a report on Wednesday, March 27th. Finally, Citigroup lifted their price target on shares of Visa from $314.00 to $321.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Five equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $303.56.

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.