First Heartland Consultants Inc. Acquires 124 Shares of Visa Inc. (NYSE:V)

First Heartland Consultants Inc. raised its stake in Visa Inc. (NYSE:V) by 1.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,791 shares of the credit-card processor’s stock after buying an additional 124 shares during the quarter. First Heartland Consultants Inc.’s holdings in Visa were worth $2,307,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in V. Alaethes Wealth LLC boosted its holdings in Visa by 0.4% in the 4th quarter. Alaethes Wealth LLC now owns 8,843 shares of the credit-card processor’s stock valued at $2,302,000 after purchasing an additional 37 shares during the period. Jessup Wealth Management Inc raised its stake in shares of Visa by 0.7% in the first quarter. Jessup Wealth Management Inc now owns 5,051 shares of the credit-card processor’s stock worth $1,410,000 after purchasing an additional 37 shares during the last quarter. Long Run Wealth Advisors LLC increased its position in shares of Visa by 2.5% during the 1st quarter. Long Run Wealth Advisors LLC now owns 1,519 shares of the credit-card processor’s stock valued at $424,000 after purchasing an additional 37 shares during the last quarter. Cordatus Wealth Management LLC raised its position in shares of Visa by 0.3% during the 1st quarter. Cordatus Wealth Management LLC now owns 10,793 shares of the credit-card processor’s stock valued at $3,012,000 after purchasing an additional 37 shares during the period. Finally, Garden State Investment Advisory Services LLC increased its holdings in Visa by 1.8% in the 4th quarter. Garden State Investment Advisory Services LLC now owns 2,191 shares of the credit-card processor’s stock valued at $571,000 after acquiring an additional 38 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. StockNews.com raised Visa from a “hold” rating to a “buy” rating in a research note on Friday, August 9th. Jefferies Financial Group lowered their price target on Visa from $325.00 to $300.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Citigroup dropped their price objective on shares of Visa from $321.00 to $319.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Mizuho lifted their price objective on Visa from $265.00 to $275.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. Finally, Bank of America restated a “neutral” rating and issued a $297.00 price target (down from $305.00) on shares of Visa in a research note on Wednesday, July 10th. Six analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $308.50.

Visa Trading Up 0.5 %

V traded up $1.27 during midday trading on Monday, hitting $268.71. The company’s stock had a trading volume of 1,644,961 shares, compared to its average volume of 7,144,677. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.54. The firm has a market cap of $491.45 billion, a P/E ratio of 30.17, a PEG ratio of 1.89 and a beta of 0.95. Visa Inc. has a 52-week low of $227.78 and a 52-week high of $290.96. The firm has a 50-day moving average price of $265.93 and a two-hundred day moving average price of $273.23.

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

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Friday, August 9th will be issued a $0.52 dividend. The ex-dividend date of this dividend is Friday, August 9th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.77%. Visa’s dividend payout ratio (DPR) is 23.24%.

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.