Lavaca Capital LLC Acquires Shares of 894 Visa Inc. (NYSE:V)

Lavaca Capital LLC bought a new position in Visa Inc. (NYSE:V) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 894 shares of the credit-card processor’s stock, valued at approximately $249,000.

Several other institutional investors and hedge funds have also recently modified their holdings of V. Westend Capital Management LLC purchased a new position in shares of Visa in the first quarter worth $25,000. Livelsberger Financial Advisory bought a new position in Visa during the 4th quarter valued at about $25,000. O Brien Wealth Partners LLC bought a new stake in shares of Visa in the fourth quarter worth approximately $32,000. Frank Rimerman Advisors LLC bought a new stake in shares of Visa in the fourth quarter worth approximately $33,000. Finally, Vermillion & White Wealth Management Group LLC purchased a new position in shares of Visa during the fourth quarter valued at approximately $40,000. 82.15% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on V. Mizuho upped their price objective on Visa from $265.00 to $275.00 and gave the company a “neutral” rating in a research report on Thursday, May 2nd. TD Cowen lowered their price objective on shares of Visa from $320.00 to $318.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Morgan Stanley cut their target price on shares of Visa from $326.00 to $322.00 and set an “overweight” rating for the company in a research report on Wednesday, July 24th. Oppenheimer upped their target price on shares of Visa from $297.00 to $299.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Finally, Robert W. Baird boosted their price objective on shares of Visa from $314.00 to $320.00 and gave the company an “outperform” rating in a research report on Wednesday, April 17th. Six analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Visa presently has a consensus rating of “Moderate Buy” and an average target price of $307.25.

Visa Trading Up 0.8 %

V traded up $2.14 on Monday, hitting $261.60. The company had a trading volume of 6,029,349 shares, compared to its average volume of 6,907,733. The business’s fifty day simple moving average is $269.70 and its 200 day simple moving average is $274.36. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.54. Visa Inc. has a 12-month low of $227.78 and a 12-month high of $290.96. The company has a market cap of $478.45 billion, a PE ratio of 29.23, a PEG ratio of 1.83 and a beta of 0.95.

Visa (NYSE:V) last posted its quarterly earnings data on Tuesday, July 23rd. The credit-card processor reported $2.42 EPS for the quarter, hitting the consensus estimate of $2.42. Visa had a net margin of 54.72% and a return on equity of 51.94%. The company had revenue of $8.90 billion during the quarter, compared to analyst estimates of $8.92 billion. During the same period in the previous year, the firm earned $2.16 earnings per share. Visa’s quarterly revenue was up 9.6% compared to the same quarter last year. Equities research analysts expect that Visa Inc. will post 9.91 EPS for the current year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Friday, August 9th will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend is Friday, August 9th. Visa’s payout ratio is currently 23.24%.

Insider Buying and Selling at Visa

In other news, insider Paul D. Fabara sold 25,293 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $277.15, for a total value of $7,009,954.95. Following the transaction, the insider now directly owns 17,894 shares in the company, valued at $4,959,322.10. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.19% of the stock is currently owned by corporate insiders.

Visa Company Profile

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.