Consilium Wealth Advisory LLC Takes Position in Visa Inc. $V

Consilium Wealth Advisory LLC acquired a new position in shares of Visa Inc. (NYSE:V) during the 2nd quarter, Holdings Channel reports. The fund acquired 2,427 shares of the credit-card processor’s stock, valued at approximately $862,000.

A number of other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC increased its position in shares of Visa by 50.1% in the 4th quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor’s stock valued at $6,522,000 after buying an additional 6,883 shares in the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of Visa by 68.9% in the fourth quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor’s stock worth $3,733,000 after acquiring an additional 4,817 shares in the last quarter. Wedge Capital Management L L P NC raised its position in shares of Visa by 4.7% during the first quarter. Wedge Capital Management L L P NC now owns 2,562 shares of the credit-card processor’s stock worth $898,000 after purchasing an additional 116 shares during the period. Cedar Mountain Advisors LLC lifted its holdings in shares of Visa by 28.5% during the 1st quarter. Cedar Mountain Advisors LLC now owns 167 shares of the credit-card processor’s stock valued at $59,000 after purchasing an additional 37 shares in the last quarter. Finally, Bennett Selby Investments LP lifted its holdings in shares of Visa by 1.7% during the 1st quarter. Bennett Selby Investments LP now owns 55,727 shares of the credit-card processor’s stock valued at $19,530,000 after purchasing an additional 953 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on V shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Visa in a report on Thursday, July 17th. They set a “buy” rating and a $410.00 target price on the stock. Oppenheimer boosted their price objective on shares of Visa from $390.00 to $391.00 and gave the company an “outperform” rating in a research report on Wednesday, July 2nd. Macquarie upped their target price on shares of Visa from $380.00 to $425.00 and gave the stock an “outperform” rating in a research note on Thursday, July 31st. Robert W. Baird set a $410.00 price target on Visa and gave the company an “outperform” rating in a research note on Monday. Finally, UBS Group restated a “buy” rating and issued a $415.00 price target (up from $405.00) on shares of Visa in a report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Visa presently has an average rating of “Moderate Buy” and a consensus price target of $389.00.

Visa Trading Down 0.2%

Shares of NYSE:V opened at $349.21 on Tuesday. The company’s 50-day moving average price is $343.65 and its two-hundred day moving average price is $346.89. Visa Inc. has a one year low of $273.24 and a one year high of $375.51. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.12 and a quick ratio of 1.12. The stock has a market capitalization of $640.03 billion, a PE ratio of 34.10, a price-to-earnings-growth ratio of 2.07 and a beta of 0.90.

Visa (NYSE:V) last released its earnings results on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.85 by $0.13. Visa had a return on equity of 58.93% and a net margin of 52.16%.The business had revenue of $10.17 billion for the quarter, compared to the consensus estimate of $9.82 billion. During the same quarter in the previous year, the business earned $2.42 earnings per share. Visa’s quarterly revenue was up 14.3% on a year-over-year basis. On average, equities analysts forecast that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 12th were paid a dividend of $0.59 per share. The ex-dividend date was Tuesday, August 12th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.7%. Visa’s dividend payout ratio is currently 23.05%.

Insider Activity at Visa

In other Visa news, CEO Ryan Mcinerney sold 10,485 shares of the stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $342.30, for a total value of $3,589,015.50. Following the completion of the sale, the chief executive officer owned 537 shares in the company, valued at $183,815.10. This trade represents a 95.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of Visa stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $344.02, for a total transaction of $697,328.54. Following the completion of the transaction, the general counsel directly owned 11,925 shares of the company’s stock, valued at approximately $4,102,438.50. This trade represents a 14.53% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

About Visa

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.