Visa Inc. (NYSE:V) Shares Purchased by Etesian Wealth Advisors Inc.

Etesian Wealth Advisors Inc. raised its position in Visa Inc. (NYSE:V) by 2.8% in the 3rd quarter, Holdings Channel reports. The fund owned 5,677 shares of the credit-card processor’s stock after purchasing an additional 154 shares during the period. Etesian Wealth Advisors Inc.’s holdings in Visa were worth $1,561,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Westend Capital Management LLC purchased a new position in Visa in the first quarter valued at about $25,000. POM Investment Strategies LLC raised its position in shares of Visa by 970.0% in the 2nd quarter. POM Investment Strategies LLC now owns 107 shares of the credit-card processor’s stock valued at $28,000 after purchasing an additional 97 shares in the last quarter. TruNorth Capital Management LLC boosted its stake in shares of Visa by 211.9% during the 2nd quarter. TruNorth Capital Management LLC now owns 131 shares of the credit-card processor’s stock valued at $34,000 after buying an additional 89 shares during the last quarter. Abich Financial Wealth Management LLC grew its position in shares of Visa by 52.9% during the first quarter. Abich Financial Wealth Management LLC now owns 133 shares of the credit-card processor’s stock worth $37,000 after buying an additional 46 shares in the last quarter. Finally, CarsonAllaria Wealth Management Ltd. bought a new stake in shares of Visa in the second quarter worth $35,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Analyst Upgrades and Downgrades

V has been the topic of a number of research analyst reports. The Goldman Sachs Group reiterated a “buy” rating and set a $317.00 price objective on shares of Visa in a research note on Thursday, September 12th. Robert W. Baird increased their price target on shares of Visa from $320.00 to $330.00 and gave the stock an “outperform” rating in a research report on Thursday. BNP Paribas raised Visa from a “neutral” rating to an “outperform” rating and set a $325.00 price objective for the company in a report on Tuesday, September 3rd. Bank of America increased their target price on Visa from $279.00 to $308.00 and gave the stock a “neutral” rating in a report on Tuesday, September 17th. Finally, BMO Capital Markets boosted their price target on Visa from $300.00 to $310.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Four investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Visa has an average rating of “Moderate Buy” and an average price target of $314.19.

Visa Trading Up 0.1 %

Shares of V stock opened at $290.62 on Friday. Visa Inc. has a 1 year low of $228.03 and a 1 year high of $293.07. The firm has a market capitalization of $531.53 billion, a PE ratio of 32.47, a price-to-earnings-growth ratio of 1.94 and a beta of 0.96. The stock has a fifty day moving average of $276.91 and a two-hundred day moving average of $272.91. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.37 and a current ratio of 1.37.

Visa (NYSE:V) last posted its quarterly earnings data on Tuesday, July 23rd. The credit-card processor reported $2.42 earnings per share 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 company’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.16 earnings per share. As a group, research analysts expect that Visa Inc. will post 9.92 EPS for the current year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Friday, August 9th were issued a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend was Friday, August 9th. Visa’s dividend payout ratio (DPR) is presently 23.24%.

Insider Buying and Selling

In other news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $276.37, for a total transaction of $2,382,309.40. Following the transaction, the chief executive officer now directly owns 538 shares in the company, valued at approximately $148,687.06. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.19% of the stock is owned by corporate insiders.

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.