MONECO Advisors LLC Buys 85 Shares of Visa Inc. (NYSE:V)

Financial News Live · Aug 8, 2022 00:11

MONECO Advisors LLC increased its stake in Visa Inc. (NYSE:V – Get Rating) by 2.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,136 shares of the credit-card processor's stock after buying an additional 85 shares during the period. MONECO Advisors LLC's holdings in Visa were worth $917,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of V. Trust Co. of Virginia VA grew its position in shares of Visa by 0.9% in the 1st quarter. Trust Co. of Virginia VA now owns 82,676 shares of the credit-card processor's stock worth $18,335,000 after buying an additional 768 shares during the period. Relyea Zuckerberg Hanson LLC boosted its stake in Visa by 21.4% during the first quarter. Relyea Zuckerberg Hanson LLC now owns 3,629 shares of the credit-card processor's stock worth $774,000 after acquiring an additional 640 shares in the last quarter. Adams Chetwood Wealth Management LLC grew its holdings in Visa by 13.2% in the first quarter. Adams Chetwood Wealth Management LLC now owns 4,334 shares of the credit-card processor's stock worth $961,000 after purchasing an additional 507 shares during the period. Newman Dignan & Sheerar Inc. increased its stake in shares of Visa by 1.7% during the first quarter. Newman Dignan & Sheerar Inc. now owns 6,088 shares of the credit-card processor's stock valued at $1,350,000 after purchasing an additional 100 shares in the last quarter. Finally, Sugarloaf Wealth Management LLC lifted its holdings in shares of Visa by 4.3% during the first quarter. Sugarloaf Wealth Management LLC now owns 13,155 shares of the credit-card processor's stock valued at $2,938,000 after purchasing an additional 548 shares during the last quarter. 80.77% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

V has been the subject of a number of analyst reports. Evercore ISI raised their price objective on Visa from $304.00 to $310.00 and gave the company an "outperform" rating in a research report on Wednesday, April 27th. StockNews.com upgraded Visa from a "hold" rating to a "buy" rating in a report on Thursday, April 28th. Credit Suisse Group upped their price target on shares of Visa from $260.00 to $265.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 27th. Piper Sandler reduced their price objective on shares of Visa from $239.00 to $204.00 and set an "overweight" rating for the company in a research note on Wednesday, July 6th. Finally, The Goldman Sachs Group initiated coverage on shares of Visa in a research note on Tuesday, May 17th. They issued a "buy" rating and a $282.00 target price on the stock. Four research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $258.64.

Visa Trading Up 1.1 %

Shares of NYSE:V opened at $215.87 on Friday. The stock's 50-day simple moving average is $205.31 and its two-hundred day simple moving average is $210.45. The stock has a market capitalization of $410.43 billion, a price-to-earnings ratio of 31.84, a PEG ratio of 1.74 and a beta of 0.89. Visa Inc. has a 52-week low of $185.91 and a 52-week high of $242.60. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.43 and a current ratio of 1.43.

Visa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Friday, August 12th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date is Thursday, August 11th. Visa's payout ratio is 22.12%.

Insider Activity at Visa

In other news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the company's stock in a transaction on Tuesday, May 31st. The stock was sold at an average price of $210.38, for a total value of $1,893,420.00. Following the completion of the sale, the chief executive officer now directly owns 162,887 shares in the company, valued at approximately $34,268,167.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders sold 27,000 shares of company stock worth $5,560,740. 0.21% of the stock is owned by company insiders.

About Visa

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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.