Visa Inc. $V Shares Acquired by Accretive Wealth Partners LLC

Accretive Wealth Partners LLC raised its holdings in shares of Visa Inc. (NYSE:V) by 0.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,340 shares of the credit-card processor’s stock after purchasing an additional 38 shares during the period. Accretive Wealth Partners LLC’s holdings in Visa were worth $1,541,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in V. Keystone Global Partners LLC acquired a new position in shares of Visa during the first quarter worth $26,000. von Borstel & Associates Inc. acquired a new position in shares of Visa in the 1st quarter valued at $27,000. Family Legacy Financial Solutions LLC acquired a new position in shares of Visa in the 2nd quarter valued at $28,000. Harbor Asset Planning Inc. acquired a new position in shares of Visa in the 2nd quarter valued at $29,000. Finally, Cranbrook Wealth Management LLC increased its position 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 valued at $32,000 after acquiring an additional 41 shares during the period. 82.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

V has been the topic of several analyst reports. Wells Fargo & Company set a $412.00 price target on Visa and gave the stock an “overweight” rating in a research report on Tuesday. UBS Group reaffirmed a “buy” rating and set a $415.00 price target (up from $405.00) on shares of Visa in a research report on Wednesday, July 30th. Erste Group Bank downgraded Visa from a “buy” rating to a “hold” rating in a research report on Monday, September 22nd. 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. Finally, Robert W. Baird set a $410.00 target price on shares of Visa and gave the stock an “outperform” rating in a research note on Monday, October 6th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Visa presently has a consensus rating of “Moderate Buy” and an average price target of $392.75.

Visa Trading Down 0.6%

Shares of Visa stock opened at $345.10 on Thursday. The firm has a market capitalization of $632.50 billion, a PE ratio of 33.70, a P/E/G ratio of 2.05 and a beta of 0.90. Visa Inc. has a twelve month low of $280.78 and a twelve month high of $375.51. The firm’s 50-day moving average price is $344.72 and its 200 day moving average price is $347.09. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.52.

Visa (NYSE:V) last issued its quarterly earnings results on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share for the quarter, beating analysts’ consensus estimates of $2.85 by $0.13. The firm had revenue of $10.17 billion for the quarter, compared to analyst estimates of $9.82 billion. Visa had a net margin of 52.16% and a return on equity of 58.93%. Visa’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same period last year, the company posted $2.42 EPS. On average, sell-side analysts predict that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, August 12th were paid a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $2.36 dividend on an annualized basis and a yield of 0.7%. Visa’s dividend payout ratio (DPR) is currently 23.05%.

Insider Transactions at Visa

In related news, CEO Ryan Mcinerney sold 10,485 shares of the firm’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $342.30, for a total value of $3,589,015.50. Following the transaction, the chief executive officer directly owned 537 shares of the company’s stock, valued at approximately $183,815.10. This trade represents a 95.13% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of the firm’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $344.02, for a total transaction of $697,328.54. Following the completion of the transaction, the general counsel directly owned 11,925 shares in the company, valued at $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. Company insiders own 0.13% of the company’s stock.

Visa 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.