Opal Wealth Advisors LLC Sells 709 Shares of Visa Inc. (NYSE:V)

Opal Wealth Advisors LLC lessened its stake in shares of Visa Inc. (NYSE:V) by 11.8% in the 1st quarter, HoldingsChannel.com reports. The fund owned 5,313 shares of the credit-card processor’s stock after selling 709 shares during the period. Opal Wealth Advisors LLC’s holdings in Visa were worth $1,483,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of V. Livelsberger Financial Advisory purchased a new position in Visa in the fourth quarter worth $25,000. O Brien Wealth Partners LLC purchased a new position in Visa in the fourth quarter worth $32,000. Frank Rimerman Advisors LLC purchased a new position in Visa in the fourth quarter worth $33,000. Valued Wealth Advisors LLC purchased a new position in Visa in the fourth quarter worth $37,000. Finally, Vermillion & White Wealth Management Group LLC purchased a new position in Visa in the fourth quarter worth $40,000. Institutional investors own 82.15% of the company’s stock.

Visa Stock Up 0.1 %

V stock opened at $275.50 on Monday. The company has a market cap of $503.87 billion, a price-to-earnings ratio of 30.75, a PEG ratio of 1.89 and a beta of 0.97. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.53. Visa Inc. has a 12 month low of $226.02 and a 12 month high of $290.96. The firm has a 50-day moving average of $273.97 and a two-hundred day moving average of $273.14.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, beating analysts’ consensus estimates of $2.43 by $0.08. The company had revenue of $8.78 billion during the quarter, compared to the consensus estimate of $8.62 billion. Visa had a net margin of 53.87% and a return on equity of 51.23%. Visa’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.09 EPS. As a group, analysts forecast that Visa Inc. will post 9.94 earnings per share for the current fiscal year.

Visa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Friday, May 17th were issued a $0.52 dividend. The ex-dividend date was Thursday, May 16th. This represents a $2.08 dividend on an annualized basis and a yield of 0.75%. Visa’s payout ratio is 23.24%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on V shares. Royal Bank of Canada boosted their price objective on shares of Visa from $309.00 to $315.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. UBS Group boosted their price objective on shares of Visa from $315.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Wedbush boosted their price objective on shares of Visa from $280.00 to $300.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Wells Fargo & Company upped their price target on shares of Visa from $300.00 to $325.00 and gave the company an “overweight” rating in a report on Wednesday, March 6th. Finally, Robert W. Baird upped their price target on shares of Visa from $314.00 to $320.00 and gave the company an “outperform” rating in a report on Wednesday, April 17th. Five analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $303.76.

Insider Buying and Selling at Visa

In other news, insider Paul D. Fabara sold 25,293 shares of the stock in a transaction that occurred on 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 completion of the sale, the insider now owns 17,894 shares of the company’s stock, valued at approximately $4,959,322.10. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, insider Paul D. Fabara sold 25,293 shares of the stock in a transaction that occurred on 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 completion of the sale, the insider now owns 17,894 shares of the company’s stock, valued at approximately $4,959,322.10. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Ryan Mcinerney sold 8,200 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the completion of the sale, the chief executive officer now directly owns 538 shares of the company’s stock, valued at approximately $150,833.68. The disclosure for this sale can be found here. In the last quarter, insiders sold 34,402 shares of company stock worth $9,559,382. Insiders own 0.19% of the company’s stock.

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.