FOCUS Wealth Advisors LLC Has $1.37 Million Stock Holdings in Visa Inc. (NYSE:V)

FOCUS Wealth Advisors LLC increased its stake in shares of Visa Inc. (NYSE:VGet Rating) by 2.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,941 shares of the credit-card processor’s stock after buying an additional 150 shares during the period. Visa accounts for approximately 0.9% of FOCUS Wealth Advisors LLC’s holdings, 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 institutional investors and hedge funds have also added to or reduced their stakes in the company. Cross Staff Investments Inc boosted its position in Visa by 0.7% in the first quarter. Cross Staff Investments Inc now owns 6,801 shares of the credit-card processor’s stock worth $1,508,000 after purchasing an additional 47 shares during the last quarter. Physicians Financial Services Inc. boosted its position in Visa by 0.3% in the first quarter. Physicians Financial Services Inc. now owns 19,388 shares of the credit-card processor’s stock worth $4,300,000 after purchasing an additional 49 shares during the last quarter. Westhampton Capital LLC boosted its position in Visa by 3.4% in the first quarter. Westhampton Capital LLC now owns 1,510 shares of the credit-card processor’s stock worth $335,000 after purchasing an additional 50 shares during the last quarter. Alhambra Investment Partners LLC boosted its position in Visa by 1.0% in the first quarter. Alhambra Investment Partners LLC now owns 5,273 shares of the credit-card processor’s stock worth $1,169,000 after purchasing an additional 52 shares during the last quarter. Finally, Beam Wealth Advisors Inc. boosted its position in Visa by 3.3% in the first quarter. Beam Wealth Advisors Inc. now owns 1,609 shares of the credit-card processor’s stock worth $357,000 after purchasing an additional 52 shares during the last quarter. Institutional investors and hedge funds own 81.49% of the company’s stock.

Analyst Ratings Changes

V has been the topic of several research analyst reports. Mizuho cut their price objective on Visa from $235.00 to $215.00 and set a “neutral” rating on the stock in a research report on Friday, July 1st. UBS Group upped their price target on Visa from $292.00 to $296.00 and gave the company a “buy” rating in a research report on Wednesday, July 27th. Susquehanna dropped their price target on Visa from $290.00 to $260.00 in a research report on Thursday, July 28th. Truist Financial dropped their price target on Visa from $275.00 to $250.00 in a research report on Thursday, June 30th. Finally, Macquarie dropped their price target on Visa from $270.00 to $260.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 27th. Four equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $257.64.

Visa Stock Performance

Shares of V opened at $193.30 on Monday. The company has a market cap of $365.42 billion, a PE ratio of 28.51, a price-to-earnings-growth ratio of 1.56 and a beta of 0.90. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.63. The stock has a 50-day moving average price of $207.53 and a 200-day moving average price of $207.32. Visa Inc. has a 12-month low of $185.91 and a 12-month high of $236.96.

Visa Dividend Announcement

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

Insider Activity at Visa

In related news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 156,887 shares of the company’s stock, valued at approximately $33,277,301.57. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.21% of the stock is currently owned by insiders.

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.

Featured Stories

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.