Zhang Financial LLC Acquires 110 Shares of Visa Inc. (NYSE:V)

Zhang Financial LLC raised its holdings in Visa Inc. (NYSE:V) by 2.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,621 shares of the credit-card processor’s stock after purchasing an additional 110 shares during the period. Zhang Financial LLC’s holdings in Visa were worth $1,546,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of V. Scarborough Advisors LLC lifted its holdings in shares of Visa by 5.1% during the 4th quarter. Scarborough Advisors LLC now owns 926 shares of the credit-card processor’s stock worth $241,000 after acquiring an additional 45 shares during the period. Greenwood Capital Associates LLC lifted its stake in Visa by 7.7% in the 4th quarter. Greenwood Capital Associates LLC now owns 997 shares of the credit-card processor’s stock valued at $260,000 after purchasing an additional 71 shares during the last quarter. Skyline Advisors Inc. bought a new position in Visa in the 4th quarter valued at approximately $289,000. Accent Capital Management LLC bought a new position in Visa in the 4th quarter valued at approximately $4,253,000. Finally, Warren Street Wealth Advisors LLC lifted its stake in Visa by 18.4% in the 4th quarter. Warren Street Wealth Advisors LLC now owns 1,984 shares of the credit-card processor’s stock valued at $517,000 after purchasing an additional 309 shares during the last quarter. Institutional investors own 82.15% of the company’s stock.

Visa Stock Down 0.0 %

Shares of Visa stock traded down $0.10 during trading hours on Tuesday, reaching $280.58. The company’s stock had a trading volume of 2,658,174 shares, compared to its average volume of 7,090,628. Visa Inc. has a one year low of $228.03 and a one year high of $293.07. The company has a market capitalization of $513.16 billion, a P/E ratio of 31.49, a P/E/G ratio of 1.92 and a beta of 0.96. The stock’s fifty day simple moving average is $274.65 and its two-hundred day simple moving average is $272.63. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.37 and a current ratio of 1.37.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, July 23rd. The credit-card processor reported $2.42 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.42. Visa had a net margin of 54.72% and a return on equity of 51.94%. The firm had revenue of $8.90 billion for the quarter, compared to analyst estimates of $8.92 billion. During the same period last year, the firm earned $2.16 earnings per share. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. On average, research analysts forecast that Visa Inc. will post 9.92 earnings per share for the current year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Friday, August 9th were paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend was Friday, August 9th. Visa’s dividend payout ratio (DPR) is 23.24%.

Insider Buying and Selling at Visa

In related news, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $276.37, for a total transaction of $2,382,309.40. Following the transaction, the chief executive officer now directly owns 538 shares of the company’s stock, valued at $148,687.06. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.19% of the company’s stock.

Analyst Upgrades and Downgrades

V has been the subject of several research reports. JPMorgan Chase & Co. increased their price objective on shares of Visa from $290.00 to $320.00 and gave the company an “overweight” rating in a research note on Tuesday, August 20th. StockNews.com raised shares of Visa from a “hold” rating to a “buy” rating in a research note on Friday, August 9th. Keefe, Bruyette & Woods upgraded shares of Visa from a “moderate buy” rating to a “strong-buy” rating in a research report on Tuesday, September 24th. Citigroup decreased their price target on shares of Visa from $321.00 to $319.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Finally, Morgan Stanley restated an “overweight” rating and issued a $322.00 price target on shares of Visa in a research report on Wednesday, September 25th. Four research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Visa presently has a consensus rating of “Moderate Buy” and an average price target of $313.81.

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.