Blake Schutter Theil Wealth Advisors LLC Makes New Investment in Visa Inc. (NYSE:V)

Blake Schutter Theil Wealth Advisors LLC purchased a new stake in Visa Inc. (NYSE:V) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 5,204 shares of the credit-card processor’s stock, valued at approximately $1,431,000. Visa makes up 1.0% of Blake Schutter Theil Wealth Advisors LLC’s investment portfolio, making the stock its 17th largest holding.

Other hedge funds and other institutional investors have also made changes to their positions in the company. WFA Asset Management Corp increased its stake in Visa by 4.6% during the 1st quarter. WFA Asset Management Corp now owns 2,263 shares of the credit-card processor’s stock worth $632,000 after buying an additional 100 shares during the period. China Universal Asset Management Co. Ltd. raised its position in Visa by 46.9% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 50,328 shares of the credit-card processor’s stock valued at $14,046,000 after purchasing an additional 16,078 shares in the last quarter. Signaturefd LLC boosted its stake in shares of Visa by 2.3% in the 1st quarter. Signaturefd LLC now owns 39,140 shares of the credit-card processor’s stock valued at $10,923,000 after buying an additional 884 shares during the period. Richardson Financial Services Inc. increased its stake in shares of Visa by 9.0% during the first quarter. Richardson Financial Services Inc. now owns 5,020 shares of the credit-card processor’s stock worth $1,401,000 after buying an additional 416 shares during the period. Finally, Csenge Advisory Group raised its holdings in Visa by 3.1% in the first quarter. Csenge Advisory Group now owns 15,000 shares of the credit-card processor’s stock valued at $4,186,000 after acquiring an additional 458 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on V shares. JPMorgan Chase & Co. boosted their price target on shares of Visa from $290.00 to $320.00 and gave the stock an “overweight” rating in a report on Tuesday, August 20th. Royal Bank of Canada boosted their target price on shares of Visa from $311.00 to $322.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. StockNews.com raised Visa from a “hold” rating to a “buy” rating in a report on Friday, August 9th. Compass Point assumed coverage on Visa in a research report on Wednesday, September 4th. They set a “buy” rating and a $319.00 price objective for the company. Finally, BMO Capital Markets raised their target price on Visa from $310.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $321.74.

Insider Activity at Visa

In other news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $276.37, for a total value of $2,382,309.40. Following the completion of the transaction, the chief executive officer now owns 538 shares in the company, valued at $148,687.06. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.19% of the company’s stock.

Visa Stock Performance

Shares of V opened at $307.36 on Thursday. The stock has a market capitalization of $560.11 billion, a P/E ratio of 31.59, a P/E/G ratio of 1.96 and a beta of 0.95. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.37 and a current ratio of 1.28. Visa Inc. has a 1 year low of $240.97 and a 1 year high of $309.00. The company’s fifty day moving average is $282.69 and its two-hundred day moving average is $274.20.

Visa (NYSE:V) last posted its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.58 by $0.13. Visa had a net margin of 54.96% and a return on equity of 53.16%. The firm had revenue of $9.62 billion during the quarter, compared to analysts’ expectations of $9.49 billion. During the same period in the prior year, the company posted $2.33 earnings per share. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. On average, sell-side analysts predict that Visa Inc. will post 11.18 earnings per share for the current year.

Visa Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th will be issued a $0.59 dividend. This is a boost from Visa’s previous quarterly dividend of $0.52. This represents a $2.36 annualized dividend and a dividend yield of 0.77%. The ex-dividend date is Tuesday, November 12th. Visa’s dividend payout ratio (DPR) is currently 21.38%.

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.