Lantz Financial LLC Grows Position in Visa Inc. (NYSE:V)

Lantz Financial LLC raised its stake in shares of Visa Inc. (NYSE:V) by 12.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,819 shares of the credit-card processor’s stock after purchasing an additional 205 shares during the period. Lantz Financial LLC’s holdings in Visa were worth $508,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in V. Livelsberger Financial Advisory purchased a new stake in shares of Visa during the 4th quarter worth about $25,000. O Brien Wealth Partners LLC acquired a new position in Visa during the fourth quarter valued at approximately $32,000. Frank Rimerman Advisors LLC purchased a new stake in Visa during the fourth quarter worth approximately $33,000. Valued Wealth Advisors LLC acquired a new stake in shares of Visa in the fourth quarter worth $37,000. Finally, Vermillion & White Wealth Management Group LLC purchased a new position in shares of Visa in the 4th quarter valued at $40,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Trading Down 0.6 %

NYSE:V opened at $275.20 on Friday. The company has a market cap of $503.32 billion, a PE ratio of 30.75, a P/E/G ratio of 1.89 and a beta of 0.97. The business’s 50 day moving average is $273.97 and its two-hundred day moving average is $272.88. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.53. Visa Inc. has a 52 week low of $225.50 and a 52 week high of $290.96.

Visa (NYSE:V) last posted its quarterly earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.43 by $0.08. The business had revenue of $8.78 billion for the quarter, compared to analyst estimates of $8.62 billion. Visa had a return on equity of 51.23% and a net margin of 53.87%. The business’s revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the company posted $2.09 EPS. On average, analysts predict that Visa Inc. will post 9.94 EPS for the current year.

Visa Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Friday, May 17th were issued a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend was Thursday, May 16th. Visa’s dividend payout ratio (DPR) is presently 23.24%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Evercore ISI upped their price target on shares of Visa from $325.00 to $335.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. Macquarie increased their target price on Visa from $290.00 to $300.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. William Blair reissued an “outperform” rating on shares of Visa in a research report on Wednesday, April 24th. Redburn Atlantic reaffirmed a “neutral” rating and issued a $307.00 price objective on shares of Visa in a research report on Wednesday, March 27th. Finally, TD Cowen assumed coverage on shares of Visa in a research report on Thursday, April 11th. They set a “buy” rating and a $320.00 target price on the stock. Five analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to MarketBeat.com, Visa presently has an average rating of “Moderate Buy” and a consensus price target of $303.76.

Insider Activity at Visa

In other news, Director Lloyd Carney sold 909 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $275.55, for a total transaction of $250,474.95. Following the completion of the transaction, the director now directly owns 2,591 shares of the company’s stock, valued at $713,950.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Paul D. Fabara sold 25,293 shares of Visa stock in a transaction dated 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 sale, the insider now directly owns 17,894 shares in the company, valued at approximately $4,959,322.10. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Lloyd Carney sold 909 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $713,950.05. The disclosure for this sale can be found here. Insiders sold a total of 34,402 shares of company stock valued at $9,559,382 in the last quarter. Insiders own 0.19% of the company’s stock.

Visa 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.