180 Wealth Advisors LLC Has $3.04 Million Stake in Visa Inc. (NYSE:V)

180 Wealth Advisors LLC increased its stake in shares of Visa Inc. (NYSE:V) by 4.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,908 shares of the credit-card processor’s stock after purchasing an additional 423 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Visa were worth $3,044,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Livelsberger Financial Advisory bought a new stake in shares of Visa in the 4th quarter valued at approximately $25,000. Westend Capital Management LLC acquired a new stake in Visa in the first quarter valued at approximately $25,000. O Brien Wealth Partners LLC bought a new stake in Visa in the fourth quarter worth approximately $32,000. Frank Rimerman Advisors LLC acquired a new position in shares of Visa during the 4th quarter worth $33,000. Finally, Valued Wealth Advisors LLC bought a new position in shares of Visa during the 4th quarter valued at $37,000. 82.15% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Paul D. Fabara sold 25,293 shares of Visa stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $277.15, for a total transaction of $7,009,954.95. Following the completion of the sale, the insider now directly owns 17,894 shares of the company’s stock, valued at $4,959,322.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CEO Ryan Mcinerney sold 8,200 shares of Visa stock in a transaction on Monday, April 1st. The shares were sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the transaction, the chief executive officer now directly owns 538 shares of the company’s stock, valued at $150,833.68. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Paul D. Fabara sold 25,293 shares of the firm’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $277.15, for a total value of $7,009,954.95. Following the sale, the insider now directly owns 17,894 shares in the company, valued at approximately $4,959,322.10. The disclosure for this sale can be found here. Insiders have sold a total of 34,402 shares of company stock valued at $9,559,382 in the last 90 days. 0.19% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

V has been the topic of several analyst reports. Royal Bank of Canada increased their target price on shares of Visa from $309.00 to $315.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Piper Sandler started coverage on shares of Visa in a research note on Monday, May 13th. They issued an “overweight” rating and a $322.00 target price on the stock. Evercore ISI dropped their price objective on Visa from $335.00 to $330.00 and set an “outperform” rating on the stock in a research note on Tuesday. UBS Group increased their target price on Visa from $315.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Finally, Macquarie raised their price objective on shares of Visa from $290.00 to $300.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Five equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $303.56.

Visa Price Performance

V stock traded down $6.98 during trading on Thursday, hitting $266.62. 10,526,284 shares of the stock traded hands, compared to its average volume of 6,751,320. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.53. The stock has a market cap of $487.63 billion, a price-to-earnings ratio of 30.17, a P/E/G ratio of 1.87 and a beta of 0.97. Visa Inc. has a one year low of $226.02 and a one year high of $290.96. The company has a 50 day simple moving average of $274.13 and a 200 day simple moving average of $273.41.

Visa (NYSE:V) last announced its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share for the quarter, beating analysts’ consensus estimates of $2.43 by $0.08. Visa had a return on equity of 51.23% and a net margin of 53.87%. The company had revenue of $8.78 billion during the quarter, compared to analyst estimates of $8.62 billion. During the same period last year, the company posted $2.09 earnings per share. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. Equities analysts expect that Visa Inc. will post 9.94 EPS for the current fiscal year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Friday, May 17th were issued a $0.52 dividend. The ex-dividend date was Thursday, May 16th. This represents a $2.08 annualized dividend and a yield of 0.78%. Visa’s dividend payout ratio is currently 23.24%.

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.