Visa Inc. (NYSE:V) Shares Purchased by Etesian Wealth Advisors Inc.

Etesian Wealth Advisors Inc. grew its holdings in shares of Visa Inc. (NYSE:V) by 2.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,677 shares of the credit-card processor’s stock after purchasing an additional 154 shares during the period. Etesian Wealth Advisors Inc.’s holdings in Visa were worth $1,561,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in V. Westend Capital Management LLC acquired a new position in Visa during the 1st quarter worth approximately $25,000. POM Investment Strategies LLC lifted its holdings in shares of Visa by 970.0% in the 2nd quarter. POM Investment Strategies LLC now owns 107 shares of the credit-card processor’s stock valued at $28,000 after purchasing an additional 97 shares during the last quarter. TruNorth Capital Management LLC boosted its holdings in shares of Visa by 211.9% in the second quarter. TruNorth Capital Management LLC now owns 131 shares of the credit-card processor’s stock valued at $34,000 after acquiring an additional 89 shares during the period. Bbjs Financial Advisors LLC acquired a new stake in Visa during the 2nd quarter worth $35,000. Finally, CarsonAllaria Wealth Management Ltd. purchased a new position in shares of Visa during the second quarter worth about $35,000. 82.15% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the business’s 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 completion of the sale, the chief executive officer now directly owns 538 shares in the company, valued at $148,687.06. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Macquarie reiterated an “outperform” rating and issued a $300.00 target price on shares of Visa in a research note on Friday, September 27th. Monness Crespi & Hardt reissued a “neutral” rating on shares of Visa in a research note on Tuesday, September 24th. Bank of America raised their target price on shares of Visa from $279.00 to $308.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 17th. Robert W. Baird increased their price target on shares of Visa from $320.00 to $330.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, JPMorgan Chase & Co. lifted their price objective on Visa from $290.00 to $320.00 and gave the company an “overweight” rating in a report on Tuesday, August 20th. Four analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $314.19.

Visa Trading Up 0.1 %

Shares of V stock opened at $290.62 on Friday. The firm’s 50-day simple moving average is $276.91 and its 200-day simple moving average is $272.91. 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 Inc. has a 1-year low of $228.03 and a 1-year high of $293.07. The firm has a market cap of $531.53 billion, a P/E ratio of 32.47, a PEG ratio of 1.94 and a beta of 0.96.

Visa (NYSE:V) last posted 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. Visa had a net margin of 54.72% and a return on equity of 51.94%. The company had revenue of $8.90 billion for the quarter, compared to the consensus estimate of $8.92 billion. During the same quarter last year, the firm posted $2.16 earnings per share. Visa’s revenue was up 9.6% on a year-over-year basis. As a group, equities analysts forecast that Visa Inc. will post 9.92 EPS for the current year.

Visa Announces Dividend

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. The ex-dividend date was Friday, August 9th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.72%. Visa’s dividend payout ratio (DPR) is 23.24%.

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.