Adviser Investments LLC Buys 1,123 Shares of Visa Inc. (NYSE:V)

Adviser Investments LLC boosted its stake in shares of Visa Inc. (NYSE:VGet Rating) by 2.0% during the second quarter, Holdings Channel.com reports. The fund owned 57,968 shares of the credit-card processor’s stock after acquiring an additional 1,123 shares during the period. Visa comprises 0.8% of Adviser Investments LLC’s investment portfolio, making the stock its 23rd largest position. Adviser Investments LLC’s holdings in Visa were worth $11,413,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in V. Red Door Wealth Management LLC increased its stake in shares of Visa by 10.7% in the 4th quarter. Red Door Wealth Management LLC now owns 17,118 shares of the credit-card processor’s stock valued at $3,709,000 after purchasing an additional 1,648 shares during the last quarter. Stonebridge Capital Advisors LLC increased its stake in shares of Visa by 11.1% in the 4th quarter. Stonebridge Capital Advisors LLC now owns 54,370 shares of the credit-card processor’s stock valued at $11,782,000 after purchasing an additional 5,451 shares during the last quarter. IPG Investment Advisors LLC increased its stake in shares of Visa by 88.7% in the 4th quarter. IPG Investment Advisors LLC now owns 12,677 shares of the credit-card processor’s stock valued at $2,748,000 after purchasing an additional 5,959 shares during the last quarter. Bridgewater Associates LP increased its stake in shares of Visa by 219.9% in the 4th quarter. Bridgewater Associates LP now owns 159,695 shares of the credit-card processor’s stock valued at $34,608,000 after purchasing an additional 109,770 shares during the last quarter. Finally, NWK Group Inc. increased its stake in shares of Visa by 58.6% in the 4th quarter. NWK Group Inc. now owns 34,765 shares of the credit-card processor’s stock valued at $7,534,000 after purchasing an additional 12,847 shares during the last quarter. Institutional investors own 81.49% of the company’s stock.

Insider Activity

In other news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the business’s stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $212.11, for a total value of $1,908,990.00. Following the transaction, the chief executive officer now directly owns 156,887 shares of the company’s stock, valued at approximately $33,277,301.57. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.21% of the stock is owned by company insiders.

Visa Stock Down 1.0 %

Shares of NYSE:V opened at $183.96 on Friday. The company has a market capitalization of $347.76 billion, a price-to-earnings ratio of 27.13, a P/E/G ratio of 1.49 and a beta of 0.90. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.43 and a quick ratio of 1.43. The business’s 50-day moving average is $205.77 and its 200-day moving average is $206.99. Visa Inc. has a 1 year low of $182.23 and a 1 year high of $236.96.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Friday, August 12th were paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend was Thursday, August 11th. Visa’s dividend payout ratio is 22.12%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Macquarie decreased their price target on Visa from $270.00 to $260.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 27th. Susquehanna decreased their price target on Visa from $290.00 to $260.00 in a research note on Thursday, July 28th. Piper Sandler reduced their price objective on Visa from $239.00 to $204.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 6th. Mizuho reduced their price objective on Visa from $235.00 to $215.00 and set a “neutral” rating on the stock in a research report on Friday, July 1st. Finally, Truist Financial reduced their price objective on Visa from $275.00 to $250.00 in a research report on Thursday, June 30th. Four analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat.com, Visa has a consensus rating of “Moderate Buy” and a consensus price target of $257.64.

About Visa

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Visa Inc operates as a payments technology company worldwide. The company facilitates digital payments among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions.

Further Reading

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