Beacon Financial Advisory LLC Has $2.23 Million Stock Holdings in Visa Inc. (NYSE:V)

Beacon Financial Advisory LLC increased its stake in Visa Inc. (NYSE:V) by 6.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,093 shares of the credit-card processor’s stock after buying an additional 483 shares during the quarter. Visa makes up 0.8% of Beacon Financial Advisory LLC’s holdings, making the stock its 21st biggest position. Beacon Financial Advisory LLC’s holdings in Visa were worth $2,225,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Marks Group Wealth Management Inc boosted its position in Visa by 3.3% during the third quarter. Marks Group Wealth Management Inc now owns 59,027 shares of the credit-card processor’s stock worth $16,229,000 after purchasing an additional 1,895 shares during the period. Hixon Zuercher LLC raised its position in shares of Visa by 3.6% in the third quarter. Hixon Zuercher LLC now owns 1,991 shares of the credit-card processor’s stock valued at $547,000 after buying an additional 70 shares in the last quarter. HF Advisory Group LLC grew its position in Visa by 15.1% during the third quarter. HF Advisory Group LLC now owns 11,029 shares of the credit-card processor’s stock worth $3,033,000 after buying an additional 1,445 shares in the last quarter. JFG Wealth Management LLC increased its stake in Visa by 22.6% during the 3rd quarter. JFG Wealth Management LLC now owns 1,363 shares of the credit-card processor’s stock worth $375,000 after acquiring an additional 251 shares during the period. Finally, Focused Wealth Management Inc raised its holdings in Visa by 13.9% in the 3rd quarter. Focused Wealth Management Inc now owns 1,132 shares of the credit-card processor’s stock valued at $311,000 after acquiring an additional 138 shares in the last quarter. Institutional investors own 82.15% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on V shares. Keefe, Bruyette & Woods raised Visa from a “moderate buy” rating to a “strong-buy” rating in a report on Tuesday, September 24th. Piper Sandler increased their price objective on shares of Visa from $319.00 to $322.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. StockNews.com upgraded shares of Visa from a “hold” rating to a “buy” rating in a research report on Friday, August 9th. Barclays upped their price target on shares of Visa from $319.00 to $347.00 and gave the stock an “overweight” rating in a report on Monday. Finally, Bank of America lifted their price objective on shares of Visa from $279.00 to $308.00 and gave the company a “neutral” rating in a research note on Tuesday, September 17th. Four investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $321.74.

Insider Transactions at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $276.37, for a total transaction of $2,382,309.40. Following the sale, the chief executive officer now owns 538 shares of the company’s stock, valued at approximately $148,687.06. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.19% of the company’s stock.

Visa Stock Performance

Shares of Visa stock opened at $307.36 on Thursday. The stock has a market cap of $560.11 billion, a price-to-earnings ratio of 31.59, a P/E/G ratio of 1.96 and a beta of 0.95. The company has a quick ratio of 1.37, a current ratio of 1.28 and a debt-to-equity ratio of 0.55. Visa Inc. has a twelve month low of $240.97 and a twelve month high of $309.00. The company’s fifty day moving average is $282.69 and its 200 day moving average is $274.20.

Visa (NYSE:V) last released its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 EPS for the quarter, beating analysts’ consensus estimates of $2.58 by $0.13. Visa had a return on equity of 53.16% and a net margin of 54.96%. The firm had revenue of $9.62 billion for the quarter, compared to analyst estimates of $9.49 billion. During the same quarter in the previous year, the company posted $2.33 EPS. The business’s revenue was up 11.7% on a year-over-year basis. Sell-side analysts forecast that Visa Inc. will post 11.18 EPS for the current year.

Visa Increases Dividend

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

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.