Marietta Wealth Management LLC Buys 928 Shares of Visa Inc. (NYSE:V)

Marietta Wealth Management LLC lifted its position in Visa Inc. (NYSE:V) by 3.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,710 shares of the credit-card processor’s stock after buying an additional 928 shares during the quarter. Visa comprises approximately 1.2% of Marietta Wealth Management LLC’s holdings, making the stock its 28th largest position. Marietta Wealth Management LLC’s holdings in Visa were worth $8,169,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. POM Investment Strategies LLC boosted its holdings in Visa by 970.0% in the 2nd quarter. POM Investment Strategies LLC now owns 107 shares of the credit-card processor’s stock valued at $28,000 after purchasing an additional 97 shares during the period. TruNorth Capital Management LLC grew its position in Visa by 211.9% during the second quarter. TruNorth Capital Management LLC now owns 131 shares of the credit-card processor’s stock worth $34,000 after buying an additional 89 shares in the last quarter. Bbjs Financial Advisors LLC acquired a new position in Visa in the 2nd quarter valued at approximately $35,000. CarsonAllaria Wealth Management Ltd. bought a new stake in shares of Visa in the 2nd quarter worth approximately $35,000. Finally, Abich Financial Wealth Management LLC grew its holdings in shares of Visa by 52.9% during the 1st quarter. Abich Financial Wealth Management LLC now owns 133 shares of the credit-card processor’s stock worth $37,000 after purchasing an additional 46 shares in the last quarter. Institutional investors own 82.15% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the company. Oppenheimer assumed coverage on Visa in a research report on Tuesday, October 1st. They issued an “outperform” rating and a $318.00 target price for the company. Macquarie reiterated an “outperform” rating and set a $300.00 target price on shares of Visa in a research report on Friday, September 27th. JPMorgan Chase & Co. increased their price target on shares of Visa from $290.00 to $320.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 20th. Royal Bank of Canada decreased their price objective on Visa from $315.00 to $311.00 and set an “outperform” rating on the stock in a report on Wednesday, July 24th. Finally, Monness Crespi & Hardt reissued a “neutral” rating on shares of Visa in a report on Tuesday, September 24th. Four investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $314.19.

Visa Stock Down 0.4 %

NYSE:V opened at $283.76 on Thursday. The stock’s fifty day moving average price is $278.40 and its two-hundred day moving average price is $273.10. The company has a market cap of $518.98 billion, a price-to-earnings ratio of 31.71, a P/E/G ratio of 2.00 and a beta of 0.96. Visa Inc. has a 52-week low of $228.03 and a 52-week high of $293.07. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.37 and a current ratio of 1.37.

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

Insider Activity

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 completion of the sale, the chief executive officer now owns 538 shares in the company, valued at approximately $148,687.06. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.19% of the company’s stock.

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.