Visa Inc. $V Holdings Lifted by First National Advisers LLC

First National Advisers LLC boosted its holdings in Visa Inc. (NYSE:V) by 18.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,550 shares of the credit-card processor’s stock after acquiring an additional 1,015 shares during the quarter. First National Advisers LLC’s holdings in Visa were worth $2,325,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of V. Keystone Global Partners LLC bought a new stake in Visa during the first quarter worth approximately $26,000. Family Legacy Financial Solutions LLC acquired a new stake in shares of Visa during the 2nd quarter valued at $28,000. Harbor Asset Planning Inc. bought a new stake in shares of Visa during the 2nd quarter worth $29,000. Cranbrook Wealth Management LLC grew its holdings in shares of Visa by 82.0% in the 2nd quarter. Cranbrook Wealth Management LLC now owns 91 shares of the credit-card processor’s stock worth $32,000 after acquiring an additional 41 shares during the last quarter. Finally, Hoese & Co LLP acquired a new position in shares of Visa in the 2nd quarter worth $36,000. 82.15% of the stock is owned by institutional investors and hedge funds.

Visa Stock Performance

Shares of V opened at $334.67 on Friday. The company’s 50 day moving average price is $339.68 and its 200 day moving average price is $347.21. Visa Inc. has a 52 week low of $299.00 and a 52 week high of $375.51. The company has a market capitalization of $609.67 billion, a PE ratio of 32.78, a PEG ratio of 1.98 and a beta of 0.87. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.08 and a current ratio of 1.08.

Visa (NYSE:V) last released its earnings results on Tuesday, October 28th. The credit-card processor reported $2.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.97 by $0.01. The company had revenue of $10.72 billion during the quarter, compared to the consensus estimate of $10.60 billion. Visa had a net margin of 50.15% and a return on equity of 60.31%. The company’s revenue was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.71 EPS. Research analysts expect that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Wednesday, November 12th will be given a dividend of $0.67 per share. The ex-dividend date of this dividend is Wednesday, November 12th. This is a positive change from Visa’s previous quarterly dividend of $0.59. This represents a $2.68 dividend on an annualized basis and a yield of 0.8%. Visa’s payout ratio is 26.25%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Raymond James Financial reaffirmed an “outperform” rating and set a $408.00 target price (up from $398.00) on shares of Visa in a report on Wednesday, October 29th. Erste Group Bank lowered shares of Visa from a “buy” rating to a “hold” rating in a research note on Monday, September 22nd. Weiss Ratings reissued a “buy (b)” rating on shares of Visa in a research report on Wednesday, October 8th. KeyCorp restated an “overweight” rating and issued a $405.00 price target on shares of Visa in a research report on Wednesday, October 22nd. Finally, Macquarie decreased their price objective on shares of Visa from $425.00 to $410.00 and set an “outperform” rating for the company in a research note on Wednesday, October 29th. Four analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, Visa currently has a consensus rating of “Moderate Buy” and a consensus target price of $400.00.

Insider Buying and Selling at Visa

In other Visa news, Director Lloyd Carney sold 900 shares of the company’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $336.48, for a total value of $302,832.00. Following the transaction, the director directly owned 2,468 shares of the company’s stock, valued at $830,432.64. This represents a 26.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Paul D. Fabara sold 2,172 shares of the firm’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $325.93, for a total value of $707,919.96. Following the sale, the insider directly owned 26,413 shares of the company’s stock, valued at $8,608,789.09. This trade represents a 7.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 24,042 shares of company stock worth $8,175,152 over the last 90 days. 0.13% of the stock is currently owned by corporate insiders.

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.