Fruth Investment Management Buys Shares of 748 Visa Inc. (NYSE:V)

Fruth Investment Management purchased a new stake in Visa Inc. (NYSE:V) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 748 shares of the credit-card processor’s stock, valued at approximately $208,000.

A number of other hedge funds have also modified their holdings of V. Rainsberger Wealth Advisors Inc. lifted its stake in shares of Visa by 3.3% during the 3rd quarter. Rainsberger Wealth Advisors Inc. now owns 4,231 shares of the credit-card processor’s stock worth $973,000 after purchasing an additional 134 shares during the period. Industrial Alliance Investment Management Inc. lifted its position in Visa by 2,712.4% during the third quarter. Industrial Alliance Investment Management Inc. now owns 5,006 shares of the credit-card processor’s stock worth $1,151,000 after buying an additional 4,828 shares during the period. Cito Capital Group LLC boosted its stake in Visa by 0.8% in the 3rd quarter. Cito Capital Group LLC now owns 17,838 shares of the credit-card processor’s stock worth $4,103,000 after buying an additional 150 shares during the last quarter. KB Financial Partners LLC grew its holdings in Visa by 0.4% in the 3rd quarter. KB Financial Partners LLC now owns 12,887 shares of the credit-card processor’s stock valued at $2,964,000 after buying an additional 56 shares during the period. Finally, Tenere Capital LLC increased its stake in shares of Visa by 22.4% during the 3rd quarter. Tenere Capital LLC now owns 56,167 shares of the credit-card processor’s stock valued at $12,919,000 after acquiring an additional 10,280 shares during the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.

Visa Stock Up 0.3 %

Shares of V stock traded up $0.76 during trading hours on Thursday, hitting $268.99. 5,017,760 shares of the company were exchanged, compared to its average volume of 9,395,944. The stock has a market capitalization of $491.97 billion, a price-to-earnings ratio of 30.05, a P/E/G ratio of 1.84 and a beta of 0.95. Visa Inc. has a one year low of $227.68 and a one year high of $290.96. The business’s 50-day simple moving average is $273.45 and its two-hundred day simple moving average is $273.65. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.40 and a current ratio of 1.40.

Visa (NYSE:V) last released its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $8.62 billion. During the same quarter last year, the business posted $2.09 EPS. Visa’s quarterly revenue was up 9.9% compared to the same quarter last year. Sell-side analysts predict that Visa Inc. will post 9.94 EPS for the current fiscal year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Friday, May 17th were given a dividend of $0.52 per share. The ex-dividend date was Thursday, May 16th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.77%. Visa’s dividend payout ratio (DPR) is 23.24%.

Insider Activity

In other Visa news, Director Lloyd Carney sold 909 shares of Visa stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $275.55, for a total transaction of $250,474.95. Following the transaction, the director now directly owns 2,591 shares in the company, valued at approximately $713,950.05. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Paul D. Fabara sold 25,293 shares of the company’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $277.15, for a total value of $7,009,954.95. Following the transaction, the insider now directly owns 17,894 shares of the company’s stock, valued at $4,959,322.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lloyd Carney sold 909 shares of Visa stock in a transaction on Friday, April 26th. The shares were sold at an average price of $275.55, for a total value of $250,474.95. Following the sale, the director now directly owns 2,591 shares of the company’s stock, valued at approximately $713,950.05. The disclosure for this sale can be found here. 0.19% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on V. Redburn Atlantic restated a “neutral” rating and issued a $307.00 target price on shares of Visa in a report on Wednesday, March 27th. Oppenheimer boosted their price objective on shares of Visa from $297.00 to $299.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Robert W. Baird increased their target price on Visa from $314.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 17th. William Blair restated an “outperform” rating on shares of Visa in a research note on Wednesday, April 24th. Finally, Wedbush lifted their price objective on Visa from $280.00 to $300.00 and gave the company 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’s stock. According to data from MarketBeat.com, Visa currently has a consensus rating of “Moderate Buy” and a consensus price target of $303.56.

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.