894 Shares in Visa Inc. (NYSE:V) Purchased by Lavaca Capital LLC

Lavaca Capital LLC acquired a new stake in Visa Inc. (NYSE:V) during the first quarter, Holdings Channel.com reports. The institutional investor acquired 894 shares of the credit-card processor’s stock, valued at approximately $249,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in V. Saxon Interests Inc. purchased a new position in Visa in the fourth quarter valued at about $519,000. SeaCrest Wealth Management LLC raised its holdings in Visa by 5.9% during the fourth quarter. SeaCrest Wealth Management LLC now owns 18,768 shares of the credit-card processor’s stock worth $4,874,000 after purchasing an additional 1,043 shares during the last quarter. DeDora Capital Inc. boosted its position in Visa by 1.7% during the fourth quarter. DeDora Capital Inc. now owns 9,496 shares of the credit-card processor’s stock worth $2,472,000 after purchasing an additional 155 shares in the last quarter. Syntegra Private Wealth Group LLC grew its holdings in Visa by 1.8% in the fourth quarter. Syntegra Private Wealth Group LLC now owns 10,316 shares of the credit-card processor’s stock valued at $2,686,000 after purchasing an additional 181 shares during the last quarter. Finally, Meadow Creek Wealth Advisors LLC purchased a new position in shares of Visa in the fourth quarter valued at $1,063,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insiders Place Their Bets

In other news, insider Paul D. Fabara sold 25,293 shares of Visa stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $277.15, for a total transaction of $7,009,954.95. Following the sale, the insider now directly owns 17,894 shares of the company’s stock, valued at $4,959,322.10. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.19% of the stock is currently owned by company insiders.

Visa Stock Up 0.8 %

Shares of NYSE V traded up $2.14 on Monday, hitting $261.60. The company had a trading volume of 6,029,349 shares, compared to its average volume of 6,907,733. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.54. Visa Inc. has a 12-month low of $227.78 and a 12-month high of $290.96. The firm has a market capitalization of $478.45 billion, a P/E ratio of 29.23, a PEG ratio of 1.83 and a beta of 0.95. The business has a 50 day moving average of $269.70 and a two-hundred day moving average of $274.36.

Visa (NYSE:V) last released its quarterly earnings results on Tuesday, July 23rd. The credit-card processor reported $2.42 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.42. The firm had revenue of $8.90 billion during the quarter, compared to analysts’ expectations of $8.92 billion. Visa had a return on equity of 51.94% and a net margin of 54.72%. Visa’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.16 EPS. As a group, equities research analysts forecast that Visa Inc. will post 9.91 earnings per share for the current fiscal year.

Visa Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Friday, August 9th will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 0.80%. The ex-dividend date is Friday, August 9th. Visa’s dividend payout ratio (DPR) is 23.24%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Royal Bank of Canada lowered their price objective on shares of Visa from $315.00 to $311.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 24th. Oppenheimer increased their price target on shares of Visa from $297.00 to $299.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Evercore ISI cut their price objective on Visa from $335.00 to $330.00 and set an “outperform” rating for the company in a research report on Tuesday, June 25th. Mizuho raised their price target on Visa from $265.00 to $275.00 and gave the stock a “neutral” rating in a research report on Thursday, May 2nd. Finally, Bank of America restated a “neutral” rating and issued a $297.00 price objective (down from $305.00) on shares of Visa in a research report on Wednesday, July 10th. Six analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $307.25.

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.