MW Advisory LLC Purchases New Holdings in Visa Inc. $V

MW Advisory LLC acquired a new position in shares of Visa Inc. (NYSE:V) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,161 shares of the credit-card processor’s stock, valued at approximately $1,771,000. Visa makes up about 0.7% of MW Advisory LLC’s portfolio, making the stock its 26th largest position.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Tenet Wealth Partners LLC bought a new position in shares of Visa during the second quarter valued at approximately $306,000. Maloon Powers Pitre Higgins & Dennehy LLC purchased a new position in shares of Visa during the second quarter valued at approximately $2,284,000. Markowski Investments bought a new stake in shares of Visa in the 2nd quarter worth approximately $1,927,000. Old Mission Investment Co LLC bought a new stake in shares of Visa in the 2nd quarter worth approximately $4,866,000. Finally, OceanIQ Capital LLC purchased a new stake in shares of Visa in the 2nd quarter worth approximately $353,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Visa Stock Down 1.1%

Shares of Visa stock opened at $374.46 on Friday. The company has a market cap of $668.20 billion, a price-to-earnings ratio of 31.84, a price-to-earnings-growth ratio of 2.03 and a beta of 0.76. Visa Inc. has a twelve month low of $293.89 and a twelve month high of $385.57. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.60. The company’s 50 day moving average is $363.63 and its 200 day moving average is $333.27.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, July 28th. The credit-card processor reported $3.32 earnings per share for the quarter, topping the consensus estimate of $3.23 by $0.09. The firm had revenue of $11.63 billion for the quarter, compared to analysts’ expectations of $11.40 billion. Visa had a net margin of 50.78% and a return on equity of 67.68%. The business’s quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.98 EPS. Research analysts anticipate that Visa Inc. will post 13.16 EPS for the current year.

Visa Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th were given a $0.67 dividend. The ex-dividend date was Tuesday, August 11th. This represents a $2.68 annualized dividend and a yield of 0.7%. Visa’s dividend payout ratio (DPR) is presently 22.79%.

Insider Transactions at Visa

In other news, insider Tullier Mahon sold 57,272 shares of the company’s stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $364.97, for a total value of $20,902,561.84. Following the completion of the sale, the insider directly owned 49,662 shares in the company, valued at $18,125,140.14. This represents a 53.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, General Counsel Julie B. Rottenberg sold 2,028 shares of the firm’s stock in a transaction on Monday, August 31st. The stock was sold at an average price of $381.35, for a total value of $773,377.80. Following the completion of the transaction, the general counsel directly owned 18,404 shares in the company, valued at approximately $7,018,365.40. This represents a 9.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 104,537 shares of company stock worth $37,540,837 in the last 90 days. 0.12% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Piper Sandler reaffirmed an “overweight” rating and set a $430.00 price objective (up from $394.00) on shares of Visa in a research report on Wednesday, July 29th. Wells Fargo & Company reissued an “overweight” rating and issued a $432.00 target price (up from $412.00) on shares of Visa in a report on Thursday, July 30th. Erste Group Bank raised Visa from a “hold” rating to a “buy” rating in a research note on Monday, July 27th. Wolfe Research restated an “outperform” rating and set a $460.00 price target (up from $435.00) on shares of Visa in a report on Tuesday, August 25th. Finally, UBS Group reaffirmed a “buy” rating and issued a $420.00 price target (up from $410.00) on shares of Visa in a research report on Wednesday, July 29th. Seven investment analysts have rated the stock with a Strong Buy rating and twenty-four have issued a Buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $416.62.

Visa Profile

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.