MONECO Advisors LLC Purchases 1,111 Shares of Visa Inc. (NYSE:V)

MONECO Advisors LLC boosted its holdings in Visa Inc. (NYSE:V) by 19.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 6,942 shares of the credit-card processor’s stock after acquiring an additional 1,111 shares during the quarter. MONECO Advisors LLC’s holdings in Visa were worth $1,807,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Altshuler Shaham Ltd bought a new stake in shares of Visa during the third quarter worth about $25,000. O Brien Wealth Partners LLC acquired a new position in Visa during the 4th quarter valued at about $32,000. Frank Rimerman Advisors LLC bought a new stake in Visa during the 4th quarter worth approximately $33,000. Valued Wealth Advisors LLC purchased a new stake in shares of Visa in the fourth quarter worth approximately $37,000. Finally, Vermillion & White Wealth Management Group LLC bought a new position in shares of Visa in the fourth quarter valued at approximately $40,000. Institutional investors own 82.15% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on V shares. Mizuho raised their price objective on Visa from $265.00 to $275.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. Piper Sandler started coverage on Visa in a research report on Monday, May 13th. They issued an “overweight” rating and a $322.00 price objective on the stock. Wells Fargo & Company raised their target price on Visa from $300.00 to $325.00 and gave the company an “overweight” rating in a research report on Wednesday, March 6th. TD Cowen began coverage on shares of Visa in a report on Thursday, April 11th. They issued a “buy” rating and a $320.00 price target on the stock. Finally, Robert W. Baird raised their price objective on shares of Visa from $314.00 to $320.00 and gave the stock an “outperform” rating in a report on Wednesday, April 17th. 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. Based on data from MarketBeat.com, Visa has an average rating of “Moderate Buy” and an average price target of $303.76.

Visa Trading Up 0.2 %

NYSE V opened at $271.13 on Tuesday. The stock’s 50-day simple moving average is $274.04 and its two-hundred day simple moving average is $272.58. Visa Inc. has a twelve month low of $224.98 and a twelve month high of $290.96. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $495.88 billion, a price-to-earnings ratio of 30.29, a PEG ratio of 1.85 and a beta of 0.97.

Visa (NYSE:V) last announced its quarterly earnings data 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. The company had revenue of $8.78 billion for the quarter, compared to analysts’ expectations of $8.62 billion. Visa had a return on equity of 51.23% and a net margin of 53.87%. Visa’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period last year, the firm posted $2.09 EPS. Research analysts forecast that Visa Inc. will post 9.94 EPS for the current fiscal year.

Visa Dividend Announcement

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

Insider Buying and Selling at Visa

In related news, CEO Ryan Mcinerney sold 8,200 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was 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 in the company, valued at approximately $150,833.68. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related 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 value 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 can be accessed through this link. Also, Director Lloyd Carney sold 909 shares of the stock in a transaction 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 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. Insiders sold a total of 34,402 shares of company stock worth $9,559,382 over the last three months. Company insiders own 0.19% of the company’s stock.

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.