McGlone Suttner Wealth Management Inc. Sells 105 Shares of Visa Inc. (NYSE:V)

McGlone Suttner Wealth Management Inc. decreased its holdings in shares of Visa Inc. (NYSE:V) by 11.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 818 shares of the credit-card processor’s stock after selling 105 shares during the period. McGlone Suttner Wealth Management Inc.’s holdings in Visa were worth $213,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of V. Norges Bank bought a new stake in shares of Visa during the 4th quarter valued at $3,895,015,000. National Bank of Canada FI boosted its holdings in Visa by 787.1% in the 1st quarter. National Bank of Canada FI now owns 4,619,881 shares of the credit-card processor’s stock worth $1,296,820,000 after buying an additional 4,099,122 shares during the period. Swedbank AB bought a new position in Visa in the 1st quarter worth $511,321,000. GQG Partners LLC boosted its holdings in Visa by 40.1% in the 1st quarter. GQG Partners LLC now owns 5,990,634 shares of the credit-card processor’s stock worth $1,671,866,000 after buying an additional 1,715,686 shares during the period. Finally, Public Employees Retirement Association of Colorado boosted its holdings in Visa by 14,306.3% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 1,500,270 shares of the credit-card processor’s stock worth $390,595,000 after buying an additional 1,489,856 shares during the period. Institutional investors own 82.15% of the company’s stock.

Visa Trading Up 0.2 %

Shares of NYSE:V traded up $0.58 during trading on Friday, reaching $267.38. The company’s stock had a trading volume of 5,111,080 shares, compared to its average volume of 7,227,860. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.54. Visa Inc. has a 12 month low of $227.78 and a 12 month high of $290.96. The firm’s 50 day simple moving average is $266.41 and its two-hundred day simple moving average is $273.57. The stock has a market capitalization of $489.02 billion, a PE ratio of 29.87, a price-to-earnings-growth ratio of 1.84 and a beta of 0.95.

Visa (NYSE:V) last announced its quarterly earnings data on Tuesday, July 23rd. The credit-card processor reported $2.42 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.42. The business had revenue of $8.90 billion during the quarter, compared to the consensus estimate of $8.92 billion. Visa had a net margin of 54.72% and a return on equity of 51.94%. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter last year, the firm earned $2.16 earnings per share. On average, research analysts predict that Visa Inc. will post 9.91 EPS for the current fiscal year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Friday, August 9th will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend is Friday, August 9th. Visa’s payout ratio is currently 23.24%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. William Blair raised shares of Visa to a “strong-buy” rating in a report on Tuesday, July 23rd. Evercore ISI dropped their target price on shares of Visa from $335.00 to $330.00 and set an “outperform” rating for the company in a report on Tuesday, June 25th. Macquarie reaffirmed an “outperform” rating and issued a $300.00 target price on shares of Visa in a report on Wednesday, July 24th. JPMorgan Chase & Co. decreased their price target on shares of Visa from $300.00 to $290.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 24th. Finally, UBS Group boosted their price target on shares of Visa from $315.00 to $325.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Six investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $307.25.

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.