M&R Capital Management Inc. Has $13.09 Million Stake in Visa Inc. (NYSE:V)

M&R Capital Management Inc. lowered its position in Visa Inc. (NYSE:V) by 0.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 55,176 shares of the credit-card processor’s stock after selling 118 shares during the quarter. Visa comprises about 3.4% of M&R Capital Management Inc.’s portfolio, making the stock its 7th largest position. M&R Capital Management Inc.’s holdings in Visa were worth $13,088,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Moneta Group Investment Advisors LLC lifted its stake in Visa by 116,608.6% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 24,504,130 shares of the credit-card processor’s stock worth $5,090,978,000 after purchasing an additional 24,483,134 shares during the last quarter. Norges Bank purchased a new stake in Visa in the fourth quarter worth $3,067,232,000. Morgan Stanley boosted its stake in shares of Visa by 13.0% during the fourth quarter. Morgan Stanley now owns 51,122,866 shares of the credit-card processor’s stock valued at $10,621,287,000 after purchasing an additional 5,864,340 shares during the period. Envestnet Asset Management Inc. grew its holdings in shares of Visa by 130.4% in the first quarter. Envestnet Asset Management Inc. now owns 7,042,098 shares of the credit-card processor’s stock worth $680,069,000 after purchasing an additional 3,986,135 shares during the last quarter. Finally, State Street Corp grew its stake in Visa by 3.7% in the 1st quarter. State Street Corp now owns 72,897,112 shares of the credit-card processor’s stock worth $16,435,339,000 after acquiring an additional 2,572,159 shares in the last quarter. Institutional investors own 81.35% of the company’s stock.

Insider Activity

In other Visa news, CEO Ryan Mcinerney sold 24,025 shares of the stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $240.00, for a total transaction of $5,766,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Ryan Mcinerney sold 24,025 shares of Visa stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $240.00, for a total transaction of $5,766,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Rajat Taneja sold 22,700 shares of the firm’s stock in a transaction on Tuesday, July 11th. The stock was sold at an average price of $240.21, for a total value of $5,452,767.00. Following the sale, the insider now directly owns 232,112 shares of the company’s stock, valued at approximately $55,755,623.52. The disclosure for this sale can be found here. Insiders sold 65,750 shares of company stock worth $15,845,648 over the last three months. 0.22% of the stock is currently owned by corporate insiders.

Visa Trading Down 2.6 %

Shares of NYSE:V opened at $241.50 on Friday. The company has a market capitalization of $449.63 billion, a PE ratio of 30.65, a PEG ratio of 1.86 and a beta of 0.95. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.55. The business has a 50 day moving average of $241.52 and a two-hundred day moving average of $231.98. Visa Inc. has a 12-month low of $174.60 and a 12-month high of $250.06.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, July 25th. The credit-card processor reported $2.16 earnings per share for the quarter, topping analysts’ consensus estimates of $2.11 by $0.05. Visa had a net margin of 51.94% and a return on equity of 49.42%. The business had revenue of $8.12 billion during the quarter, compared to the consensus estimate of $8.06 billion. During the same quarter in the prior year, the firm posted $1.98 earnings per share. The company’s revenue was up 11.7% compared to the same quarter last year. As a group, analysts forecast that Visa Inc. will post 8.65 EPS for the current year.

Visa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Friday, August 11th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 0.75%. The ex-dividend date was Thursday, August 10th. Visa’s payout ratio is currently 22.84%.

Wall Street Analyst Weigh In

V has been the subject of a number of research analyst reports. Susquehanna lifted their target price on Visa from $266.00 to $300.00 in a research report on Wednesday, July 26th. Raymond James lifted their price target on Visa from $282.00 to $284.00 and gave the company an “outperform” rating in a report on Wednesday, July 26th. Truist Financial upped their price objective on Visa from $270.00 to $275.00 in a research note on Wednesday, July 26th. Royal Bank of Canada boosted their target price on shares of Visa from $265.00 to $290.00 in a report on Wednesday, July 26th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $248.00 price objective on shares of Visa in a research report on Monday, July 24th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $273.77.

Visa Profile

Visa Inc operates as a payments technology company worldwide. 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, click to pay; Visa Direct, a real-time payments network; Visa B2B Connect, a multilateral B2B cross-border payments network; Visa Treasury as a Service, a cross-border consumer payments business; 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.