FOCUS Wealth Advisors LLC Buys 150 Shares of Visa Inc. (NYSE:V)

FOCUS Wealth Advisors LLC increased its holdings in shares of Visa Inc. (NYSE:VGet Rating) by 2.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,941 shares of the credit-card processor’s stock after purchasing an additional 150 shares during the quarter. Visa accounts for 0.9% of FOCUS Wealth Advisors LLC’s portfolio, making the stock its 27th biggest holding. FOCUS Wealth Advisors LLC’s holdings in Visa were worth $1,367,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Monumental Financial Group Inc. bought a new position in shares of Visa during the first quarter valued at $35,000. Rise Advisors LLC bought a new position in Visa in the fourth quarter valued at about $35,000. James Investment Research Inc. lifted its holdings in Visa by 1,400.0% in the first quarter. James Investment Research Inc. now owns 180 shares of the credit-card processor’s stock valued at $40,000 after acquiring an additional 168 shares during the period. Rather & Kittrell Inc. bought a new position in Visa in the fourth quarter valued at about $43,000. Finally, Security Financial Services INC. bought a new position in Visa in the fourth quarter valued at about $44,000. 81.49% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Robert W. Baird lowered their target price on Visa from $290.00 to $265.00 in a report on Wednesday, July 20th. Daiwa Capital Markets downgraded Visa from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $230.00 to $225.00 in a report on Tuesday, August 16th. Morgan Stanley increased their target price on Visa from $284.00 to $291.00 and gave the company an “overweight” rating in a report on Wednesday, July 27th. UBS Group upped their price target on Visa from $292.00 to $296.00 and gave the stock a “buy” rating in a research report on Wednesday, July 27th. Finally, Susquehanna reduced their price target on Visa from $290.00 to $260.00 in a research report on Thursday, July 28th. Four analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat, Visa has an average rating of “Moderate Buy” and a consensus target price of $257.64.

Insider Buying and Selling at Visa

In other Visa news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the firm’s stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $212.11, for a total transaction of $1,908,990.00. Following the completion of the transaction, the chief executive officer now owns 156,887 shares in the company, valued at approximately $33,277,301.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.21% of the stock is currently owned by company insiders.

Visa Stock Performance

NYSE V opened at $193.30 on Monday. The stock has a market capitalization of $365.42 billion, a PE ratio of 28.51, a P/E/G ratio of 1.56 and a beta of 0.90. The business has a 50 day simple moving average of $207.53 and a two-hundred day simple moving average of $207.32. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.43 and a quick ratio of 1.43. Visa Inc. has a 1-year low of $185.91 and a 1-year high of $236.96.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Friday, August 12th were issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 0.78%. The ex-dividend date was Thursday, August 11th. Visa’s dividend payout ratio is presently 22.12%.

Visa Profile

(Get Rating)

Visa Inc operates as a payments technology company worldwide. The company facilitates digital payments among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions.

Read More

Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc. (NYSE:VGet Rating).

Institutional Ownership by Quarter for Visa (NYSE:V)

Receive News & Ratings for Visa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa and related companies with MarketBeat.com's FREE daily email newsletter.