1834 Investment Advisors Co. Has $1.70 Million Stock Position in Visa Inc. (NYSE:V)

1834 Investment Advisors Co. increased its holdings in shares of Visa Inc. (NYSE:V) by 10.8% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 6,461 shares of the credit-card processor’s stock after purchasing an additional 629 shares during the period. 1834 Investment Advisors Co.’s holdings in Visa were worth $1,696,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of V. Hilltop National Bank bought a new stake in shares of Visa in the first quarter valued at approximately $1,212,000. TCI Wealth Advisors Inc. raised its position in Visa by 0.8% during the fourth quarter. TCI Wealth Advisors Inc. now owns 5,107 shares of the credit-card processor’s stock valued at $1,330,000 after purchasing an additional 40 shares in the last quarter. Absolute Capital Management LLC acquired a new position in Visa during the first quarter valued at approximately $404,000. SageView Advisory Group LLC increased its holdings in shares of Visa by 40.4% during the fourth quarter. SageView Advisory Group LLC now owns 25,137 shares of the credit-card processor’s stock worth $6,967,000 after buying an additional 7,236 shares in the last quarter. Finally, Davidson Capital Management Inc. increased its holdings in shares of Visa by 0.5% during the first quarter. Davidson Capital Management Inc. now owns 9,275 shares of the credit-card processor’s stock worth $2,588,000 after buying an additional 44 shares in the last quarter. Institutional investors own 82.15% of the company’s stock.

Visa Stock Up 0.9 %

Shares of V traded up $2.39 on Thursday, reaching $271.58. The company’s stock had a trading volume of 293,780 shares, compared to its average volume of 7,108,257. 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 twelve month low of $227.78 and a twelve month high of $290.96. The stock has a market capitalization of $494.90 billion, a PE ratio of 30.08, a PEG ratio of 1.89 and a beta of 0.95. The firm has a fifty day moving average of $265.81 and a 200-day moving average of $273.14.

Visa (NYSE:V) last posted its earnings results on Tuesday, July 23rd. The credit-card processor reported $2.42 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.42. The company had revenue of $8.90 billion for the quarter, compared to analyst estimates of $8.92 billion. Visa had a net margin of 54.72% and a return on equity of 51.94%. The firm’s revenue was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.16 EPS. Equities analysts predict that Visa Inc. will post 9.91 EPS for the current year.

Visa Dividend Announcement

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. The ex-dividend date is Friday, August 9th. This represents a $2.08 annualized dividend and a yield of 0.77%. Visa’s dividend payout ratio (DPR) is 23.24%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on V shares. William Blair upgraded shares of Visa to a “strong-buy” rating in a report on Tuesday, July 23rd. Morgan Stanley decreased their price objective on Visa from $326.00 to $322.00 and set an “overweight” rating for the company in a report on Wednesday, July 24th. Mizuho increased their price objective on Visa from $265.00 to $275.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. Evercore ISI decreased their price objective on Visa from $335.00 to $330.00 and set an “outperform” rating for the company in a report on Tuesday, June 25th. Finally, JPMorgan Chase & Co. increased their price objective on Visa from $290.00 to $320.00 and gave the company an “overweight” rating in a report on Tuesday, August 20th. Six research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $308.50.

About Visa

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.