Etesian Wealth Advisors Inc. Has $1.45 Million Stock Position in Visa Inc. (NYSE:V)

Etesian Wealth Advisors Inc. lowered its stake in Visa Inc. (NYSE:V) by 1.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,523 shares of the credit-card processor’s stock after selling 58 shares during the period. Etesian Wealth Advisors Inc.’s holdings in Visa were worth $1,450,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Alaethes Wealth LLC increased its position in shares of Visa by 0.4% during the fourth quarter. Alaethes Wealth LLC now owns 8,843 shares of the credit-card processor’s stock valued at $2,302,000 after acquiring an additional 37 shares in the last quarter. Jessup Wealth Management Inc raised its stake in shares of Visa by 0.7% in the first quarter. Jessup Wealth Management Inc now owns 5,051 shares of the credit-card processor’s stock worth $1,410,000 after purchasing an additional 37 shares during the last quarter. Long Run Wealth Advisors LLC lifted its holdings in shares of Visa by 2.5% during the first quarter. Long Run Wealth Advisors LLC now owns 1,519 shares of the credit-card processor’s stock valued at $424,000 after purchasing an additional 37 shares in the last quarter. Cordatus Wealth Management LLC increased its holdings in Visa by 0.3% in the 1st quarter. Cordatus Wealth Management LLC now owns 10,793 shares of the credit-card processor’s stock worth $3,012,000 after buying an additional 37 shares in the last quarter. Finally, Garden State Investment Advisory Services LLC raised its position in Visa by 1.8% in the 4th quarter. Garden State Investment Advisory Services LLC now owns 2,191 shares of the credit-card processor’s stock worth $571,000 after buying an additional 38 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Price Performance

Shares of V stock traded down $0.50 during trading hours on Friday, hitting $267.44. The stock had a trading volume of 3,697,448 shares, compared to its average volume of 9,242,073. The stock’s 50-day moving average price is $265.93 and its two-hundred day moving average price is $273.28. Visa Inc. has a one year low of $227.78 and a one year high of $290.96. The stock has a market capitalization of $487.36 billion, a price-to-earnings ratio of 29.88, a PEG ratio of 1.89 and a beta of 0.95. 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 issued its quarterly earnings data 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 business had revenue of $8.90 billion for the quarter, compared to analysts’ expectations of $8.92 billion. During the same period in the prior year, the firm earned $2.16 EPS. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. Equities analysts forecast that Visa Inc. will post 9.91 EPS 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 given a $0.52 dividend. The ex-dividend date of this dividend is Friday, August 9th. This represents a $2.08 annualized dividend and a yield of 0.78%. Visa’s dividend payout ratio is currently 23.24%.

Wall Street Analyst Weigh In

V has been the subject of a number of research analyst reports. Mizuho lifted their price target on shares of Visa from $265.00 to $275.00 and gave the stock a “neutral” rating in a research note on Thursday, May 2nd. TD Cowen cut their target price on shares of Visa from $320.00 to $318.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. William Blair raised Visa to a “strong-buy” rating in a report on Tuesday, July 23rd. Bank of America reaffirmed a “neutral” rating and issued a $297.00 price objective (down previously from $305.00) on shares of Visa in a report on Wednesday, July 10th. Finally, StockNews.com raised Visa from a “hold” rating to a “buy” rating in a report on Friday, August 9th. Six investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Visa has a consensus rating of “Moderate Buy” and a consensus price target of $308.50.

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.