Visa Inc. (NYSE:V) Stock Holdings Raised by Delta Financial Advisors LLC

Delta Financial Advisors LLC increased its position in Visa Inc. (NYSE:V) by 0.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,778 shares of the credit-card processor’s stock after acquiring an additional 56 shares during the quarter. Visa comprises about 2.7% of Delta Financial Advisors LLC’s holdings, making the stock its 7th biggest holding. Delta Financial Advisors LLC’s holdings in Visa were worth $7,028,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Hilltop National Bank purchased a new position in shares of Visa during the first quarter worth about $1,212,000. Absolute Capital Management LLC bought a new position in shares of Visa in the 1st quarter worth $404,000. SageView Advisory Group LLC raised its position in shares of Visa by 40.4% during the 4th quarter. SageView Advisory Group LLC now owns 25,137 shares of the credit-card processor’s stock valued at $6,967,000 after buying an additional 7,236 shares in the last quarter. Davidson Capital Management Inc. lifted its holdings in shares of Visa by 0.5% during the 1st quarter. Davidson Capital Management Inc. now owns 9,275 shares of the credit-card processor’s stock worth $2,588,000 after acquiring an additional 44 shares during the last quarter. Finally, Empirical Finance LLC increased its stake in Visa by 4.4% in the first quarter. Empirical Finance LLC now owns 45,724 shares of the credit-card processor’s stock valued at $12,761,000 after acquiring an additional 1,914 shares during the last quarter. Institutional investors own 82.15% of the company’s stock.

Visa Price Performance

Shares of NYSE:V opened at $279.37 on Friday. The business has a fifty day moving average price of $266.53 and a 200-day moving average price of $273.13. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.37 and a quick ratio of 1.37. The company has a market capitalization of $509.10 billion, a PE ratio of 31.21, a PEG ratio of 1.98 and a beta of 0.96. Visa Inc. has a 1-year low of $227.78 and a 1-year high of $290.96.

Visa (NYSE:V) last announced its quarterly earnings results on Tuesday, July 23rd. The credit-card processor reported $2.42 earnings per share for the quarter, meeting the consensus estimate of $2.42. Visa had a net margin of 54.72% and a return on equity of 51.94%. The company had revenue of $8.90 billion during the quarter, compared to the consensus estimate of $8.92 billion. During the same quarter last year, the firm earned $2.16 earnings per share. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. As a group, equities analysts expect that Visa Inc. will post 9.92 EPS for the current fiscal year.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Friday, August 9th were given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend was Friday, August 9th. Visa’s dividend payout ratio (DPR) is presently 23.24%.

Insiders Place Their Bets

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $276.37, for a total value of $2,382,309.40. Following the transaction, the chief executive officer now owns 538 shares of the company’s stock, valued at $148,687.06. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.19% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on V. William Blair raised shares of Visa to a “strong-buy” rating in a research note on Tuesday, July 23rd. Compass Point started coverage on shares of Visa in a research note on Wednesday. They issued a “buy” rating and a $319.00 price target for the company. Royal Bank of Canada reduced their price objective on Visa from $315.00 to $311.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 24th. Bank of America reissued a “neutral” rating and issued a $297.00 target price (down previously from $305.00) on shares of Visa in a research note on Wednesday, July 10th. Finally, Jefferies Financial Group dropped their target price on Visa from $325.00 to $300.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Six 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’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $309.54.

Visa 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.