Kelly Lawrence W & Associates Inc. CA Purchases 140 Shares of Visa Inc. $V

Kelly Lawrence W & Associates Inc. CA boosted its position in Visa Inc. (NYSE:V) by 0.3% during the first quarter, Holdings Channel reports. The institutional investor owned 48,198 shares of the credit-card processor’s stock after purchasing an additional 140 shares during the quarter. Visa comprises approximately 4.1% of Kelly Lawrence W & Associates Inc. CA’s portfolio, making the stock its 8th largest holding. Kelly Lawrence W & Associates Inc. CA’s holdings in Visa were worth $16,891,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Keystone Global Partners LLC acquired a new position in shares of Visa during the 1st quarter worth approximately $26,000. von Borstel & Associates Inc. acquired a new position in shares of Visa during the 1st quarter worth approximately $27,000. Measured Risk Portfolios Inc. acquired a new position in shares of Visa during the 4th quarter worth approximately $47,000. Navigoe LLC acquired a new position in shares of Visa during the 4th quarter worth approximately $53,000. Finally, O Brien Wealth Partners LLC acquired a new position in shares of Visa during the 1st quarter worth approximately $54,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Stock Down 0.1%

V stock opened at $343.5530 on Friday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $629.66 billion, a PE ratio of 33.55, a PEG ratio of 2.29 and a beta of 0.94. Visa Inc. has a 1-year low of $265.31 and a 1-year high of $375.51. The business’s 50 day simple moving average is $347.99 and its 200 day simple moving average is $347.37.

Visa (NYSE:V) last released its quarterly earnings results on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.85 by $0.13. Visa had a return on equity of 58.93% and a net margin of 52.16%.The business had revenue of $10.17 billion during the quarter, compared to the consensus estimate of $9.82 billion. During the same period in the previous year, the company posted $2.42 EPS. The firm’s quarterly revenue was up 14.3% on a year-over-year basis. As a group, research analysts anticipate that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 12th will be issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Tuesday, August 12th. Visa’s dividend payout ratio is currently 23.05%.

Insider Buying and Selling at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,630 shares of the company’s stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $353.82, for a total value of $3,053,466.60. Following the transaction, the chief executive officer directly owned 537 shares of the company’s stock, valued at $190,001.34. This represents a 94.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of the company’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $344.02, for a total value of $697,328.54. Following the completion of the transaction, the general counsel directly owned 11,925 shares in the company, valued at approximately $4,102,438.50. This represents a 14.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 77,127 shares of company stock valued at $28,340,553 in the last ninety days. 0.13% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on V shares. Mizuho raised Visa from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $359.00 to $425.00 in a research report on Thursday, June 5th. Truist Financial lowered their price target on Visa from $400.00 to $397.00 and set a “buy” rating on the stock in a research report on Thursday, July 17th. Deutsche Bank Aktiengesellschaft started coverage on Visa in a research report on Thursday, July 17th. They set a “buy” rating and a $410.00 price target on the stock. Oppenheimer boosted their price target on Visa from $390.00 to $391.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 2nd. Finally, Macquarie boosted their target price on Visa from $380.00 to $425.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $380.84.

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.