Wagner Wealth Management LLC Has $336,000 Stake in Visa Inc. (NYSE:V)

Wagner Wealth Management LLC lessened its stake in Visa Inc. (NYSE:V) by 8.6% during the third quarter, Holdings Channel reports. The firm owned 1,221 shares of the credit-card processor’s stock after selling 115 shares during the period. Wagner Wealth Management LLC’s holdings in Visa were worth $336,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of V. Sunflower Bank N.A. boosted its holdings in Visa by 14.7% during the third quarter. Sunflower Bank N.A. now owns 3,556 shares of the credit-card processor’s stock worth $978,000 after purchasing an additional 456 shares during the last quarter. Selway Asset Management bought a new position in shares of Visa during the 3rd quarter worth approximately $1,468,000. Compagnie Lombard Odier SCmA boosted its stake in shares of Visa by 2.7% in the 3rd quarter. Compagnie Lombard Odier SCmA now owns 1,043,409 shares of the credit-card processor’s stock worth $286,885,000 after buying an additional 27,101 shares during the last quarter. Sawyer & Company Inc grew its holdings in shares of Visa by 0.4% in the third quarter. Sawyer & Company Inc now owns 21,796 shares of the credit-card processor’s stock valued at $5,993,000 after acquiring an additional 83 shares in the last quarter. Finally, Willner & Heller LLC increased its position in shares of Visa by 2.7% during the third quarter. Willner & Heller LLC now owns 3,873 shares of the credit-card processor’s stock valued at $1,065,000 after acquiring an additional 101 shares during the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Visa Stock Up 0.1 %

V stock opened at $277.84 on Monday. The company’s 50 day moving average is $274.16 and its 200 day moving average is $272.62. The stock has a market cap of $508.15 billion, a price-to-earnings ratio of 31.04, a price-to-earnings-growth ratio of 1.92 and a beta of 0.96. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.54. Visa Inc. has a 1-year low of $228.03 and a 1-year high of $293.07.

Visa (NYSE:V) last issued its quarterly earnings results on Tuesday, July 23rd. The credit-card processor reported $2.42 EPS for the quarter, hitting 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 quarter in the prior year, the firm earned $2.16 EPS. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. Sell-side analysts predict that Visa Inc. will post 9.92 EPS for the current fiscal year.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Friday, August 9th were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date was Friday, August 9th. Visa’s payout ratio is currently 23.24%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on V. Macquarie reissued an “outperform” rating and issued a $300.00 price objective on shares of Visa in a research report on Friday, September 27th. Citigroup cut their price target on shares of Visa from $321.00 to $319.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Evercore ISI decreased their price objective on shares of Visa from $335.00 to $330.00 and set an “outperform” rating for the company in a report on Tuesday, June 25th. Piper Sandler dropped their target price on shares of Visa from $322.00 to $319.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 24th. Finally, Compass Point started coverage on shares of Visa in a research note on Wednesday, September 4th. They set a “buy” rating and a $319.00 price target for the company. Four equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Visa presently has an average rating of “Moderate Buy” and an average price target of $313.81.

Insider Activity

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction that occurred on 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 approximately $148,687.06. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.19% of the company’s stock.

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.