Telos Capital Management Inc. Buys 2,405 Shares of Visa Inc. (NYSE:V)

Telos Capital Management Inc. grew its position in Visa Inc. (NYSE:V) by 4.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 60,304 shares of the credit-card processor’s stock after buying an additional 2,405 shares during the period. Visa accounts for about 1.8% of Telos Capital Management Inc.’s portfolio, making the stock its 11th largest position. Telos Capital Management Inc.’s holdings in Visa were worth $15,828,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of V. Vanguard Group Inc. grew its position in Visa by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 142,202,830 shares of the credit-card processor’s stock worth $39,685,966,000 after purchasing an additional 788,908 shares during the period. Capital International Investors boosted its stake in shares of Visa by 2.7% in the first quarter. Capital International Investors now owns 23,570,391 shares of the credit-card processor’s stock worth $6,578,025,000 after buying an additional 626,618 shares during the last quarter. Capital World Investors grew its holdings in Visa by 5.4% during the first quarter. Capital World Investors now owns 18,863,796 shares of the credit-card processor’s stock worth $5,264,508,000 after acquiring an additional 968,008 shares during the period. Norges Bank purchased a new position in Visa during the fourth quarter valued at approximately $3,895,015,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Visa by 1.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,524,329 shares of the credit-card processor’s stock valued at $2,725,079,000 after acquiring an additional 141,566 shares during the period. Institutional investors own 82.15% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on V. TD Cowen dropped their price objective on Visa from $320.00 to $318.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Evercore ISI cut their target price on shares of Visa from $335.00 to $330.00 and set an “outperform” rating for the company in a research note on Tuesday, June 25th. Morgan Stanley lowered their price objective on Visa from $326.00 to $322.00 and set an “overweight” rating on the stock in a report on Wednesday, July 24th. Piper Sandler dropped their price target on Visa from $322.00 to $319.00 and set an “overweight” rating for the company in a research report on Wednesday, July 24th. Finally, Citigroup reduced their price objective on Visa from $321.00 to $319.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Six investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Visa presently has an average rating of “Moderate Buy” and a consensus price target of $308.50.

Visa Stock Performance

Visa stock opened at $276.37 on Monday. The company has a market cap of $503.63 billion, a PE ratio of 30.88, a P/E/G ratio of 1.95 and a beta of 0.95. Visa Inc. has a 12 month low of $227.78 and a 12 month high of $290.96. The company has a fifty day moving average price of $265.70 and a two-hundred day moving average price of $273.08. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.37 and a quick ratio of 1.37.

Visa (NYSE:V) last released its quarterly earnings results on Tuesday, July 23rd. The credit-card processor reported $2.42 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.42. Visa had a return on equity of 51.94% and a net margin of 54.72%. The company had revenue of $8.90 billion during the quarter, compared to analysts’ expectations of $8.92 billion. During the same quarter in the prior year, the business posted $2.16 earnings per share. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. Research analysts expect that Visa Inc. will post 9.92 earnings per share for the current year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Friday, August 9th will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend is Friday, August 9th. Visa’s dividend payout ratio is currently 23.24%.

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.