Visa Inc (NYSE:V) Shares Sold by Optimum Investment Advisors

Optimum Investment Advisors cut its stake in shares of Visa Inc (NYSE:V) by 0.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,343 shares of the credit-card processor’s stock after selling 65 shares during the period. Optimum Investment Advisors’ holdings in Visa were worth $1,448,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in V. Radnor Capital Management LLC boosted its stake in shares of Visa by 0.8% in the second quarter. Radnor Capital Management LLC now owns 8,060 shares of the credit-card processor’s stock valued at $1,399,000 after purchasing an additional 60 shares during the period. Convergence Investment Partners LLC boosted its stake in shares of Visa by 1.7% in the second quarter. Convergence Investment Partners LLC now owns 3,908 shares of the credit-card processor’s stock valued at $678,000 after purchasing an additional 66 shares during the period. Hanson & Doremus Investment Management boosted its stake in shares of Visa by 7.8% in the second quarter. Hanson & Doremus Investment Management now owns 925 shares of the credit-card processor’s stock valued at $161,000 after purchasing an additional 67 shares during the period. Parisi Gray Wealth Management lifted its stake in Visa by 1.9% in the second quarter. Parisi Gray Wealth Management now owns 3,859 shares of the credit-card processor’s stock worth $670,000 after acquiring an additional 71 shares during the last quarter. Finally, Brandywine Oak Private Wealth LLC lifted its stake in Visa by 1.6% in the second quarter. Brandywine Oak Private Wealth LLC now owns 4,695 shares of the credit-card processor’s stock worth $814,000 after acquiring an additional 74 shares during the last quarter. Institutional investors and hedge funds own 81.15% of the company’s stock.

V has been the subject of a number of recent research reports. Wells Fargo & Co lifted their price target on shares of Visa from $181.00 to $200.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 10th. Bank of America lifted their price target on shares of Visa from $177.00 to $192.00 and gave the stock a “buy” rating in a research note on Monday, June 17th. KeyCorp lifted their price target on shares of Visa from $190.00 to $195.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Nomura lifted their price target on shares of Visa from $178.00 to $204.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Finally, Deutsche Bank lifted their price target on shares of Visa from $177.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. Two equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. Visa has an average rating of “Buy” and a consensus target price of $195.46.

In related news, Director Denise M. Morrison acquired 1,000 shares of Visa stock in a transaction dated Tuesday, August 6th. The stock was acquired at an average price of $171.13 per share, for a total transaction of $171,130.00. Following the transaction, the director now owns 3,223 shares of the company’s stock, valued at $551,551.99. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Lloyd Carney sold 3,500 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $182.73, for a total transaction of $639,555.00. Following the sale, the director now owns 3,452 shares of the company’s stock, valued at approximately $630,783.96. The disclosure for this sale can be found here. 0.17% of the stock is currently owned by insiders.

Shares of NYSE:V traded down $0.85 during trading on Friday, hitting $179.05. 5,147,430 shares of the company were exchanged, compared to its average volume of 7,073,656. The stock has a market capitalization of $356.91 billion, a PE ratio of 38.84, a P/E/G ratio of 2.01 and a beta of 0.96. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.57. Visa Inc has a 12-month low of $121.60 and a 12-month high of $184.07. The company has a 50 day moving average of $177.57.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, July 23rd. The credit-card processor reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.04. The business had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.70 billion. Visa had a net margin of 53.43% and a return on equity of 41.04%. The company’s revenue was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.20 EPS. As a group, analysts forecast that Visa Inc will post 5.4 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Friday, August 16th will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, August 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.56%. Visa’s dividend payout ratio is presently 21.69%.

Visa Profile

Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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