Stillwater Capital Advisors LLC Has $14.83 Million Stock Holdings in Visa Inc. (NYSE:V)



Stillwater Capital Advisors LLC lessened its holdings in Visa Inc. (NYSE:V – Get Rating) by 38.3% during the first quarter, HoldingsChannel reports. The firm owned 66,885 shares of the credit-card processor’s stock after selling 41,541 shares during the quarter. Visa accounts for 2.4% of Stillwater Capital Advisors LLC’s holdings, making the stock its 19th largest position. Stillwater Capital Advisors LLC’s holdings in Visa were worth $14,833,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of V. Canandaigua National Corp boosted its holdings in shares of Visa by 12.2% in the 4th quarter. Canandaigua National Corp now owns 14,301 shares of the credit-card processor’s stock valued at $3,099,000 after purchasing an additional 1,554 shares in the last quarter. E&G Advisors LP boosted its holdings in shares of Visa by 2.5% in the 4th quarter. E&G Advisors LP now owns 8,238 shares of the credit-card processor’s stock valued at $1,785,000 after purchasing an additional 200 shares in the last quarter. McAlister Sweet & Associates Inc. acquired a new stake in shares of Visa in the 4th quarter valued at $290,000. Stratos Wealth Advisors LLC boosted its holdings in shares of Visa by 5.4% in the 4th quarter. Stratos Wealth Advisors LLC now owns 7,998 shares of the credit-card processor’s stock valued at $1,733,000 after purchasing an additional 407 shares in the last quarter. Finally, StrongBox Wealth LLC boosted its holdings in shares of Visa by 5.2% in the 4th quarter. StrongBox Wealth LLC now owns 19,131 shares of the credit-card processor’s stock valued at $4,146,000 after purchasing an additional 944 shares in the last quarter. 80.77% of the stock is currently owned by hedge funds and other institutional investors.

In other Visa news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of Visa stock in a transaction dated Thursday, June 30th. The stock was sold at an average price of $195.37, for a total transaction of $1,758,330.00. Following the completion of the transaction, the chief executive officer now owns 159,887 shares in the company, valued at approximately $31,237,123.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 27,000 shares of company stock valued at $5,619,330 in the last quarter. Company insiders own 0.21% of the company’s stock.

Several equities research analysts recently weighed in on the company. Cowen cut their price objective on Visa from $276.00 to $254.00 in a report on Wednesday, April 27th. Mizuho cut their objective price on Visa from $235.00 to $215.00 and set a “neutral” rating on the stock in a report on Friday. Morgan Stanley raised their objective price on Visa from $279.00 to $284.00 in a report on Wednesday, April 27th. Piper Sandler downgraded Visa from an “overweight” rating to a “neutral” rating and cut their objective price for the company from $283.00 to $239.00 in a report on Friday, April 29th. Finally, Evercore ISI raised their target price on Visa from $304.00 to $310.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 27th. Five research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $266.24.

Shares of Visa stock opened at $199.18 on Tuesday. Visa Inc. has a one year low of $185.91 and a one year high of $252.67. The firm has a market capitalization of $378.70 billion, a price-to-earnings ratio of 31.32, a PEG ratio of 1.69 and a beta of 0.90. The business has a 50-day simple moving average of $202.98 and a 200 day simple moving average of $211.67. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.29 and a quick ratio of 1.29.

Visa (NYSE:V – Get Rating) last issued its earnings on Tuesday, April 26th. The credit-card processor reported $1.79 EPS for the quarter, beating analysts’ consensus estimates of $1.65 by $0.14. The business had revenue of $7.19 billion during the quarter, compared to analyst estimates of $6.82 billion. Visa had a return on equity of 42.89% and a net margin of 51.10%. The firm’s revenue was up 25.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.38 EPS. On average, sell-side analysts expect that Visa Inc. will post 7.16 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 1st. Shareholders of record on Friday, May 13th were paid a dividend of $0.375 per share. The ex-dividend date was Thursday, May 12th. This represents a $1.50 dividend on an annualized basis and a yield of 0.75%. Visa’s dividend payout ratio (DPR) is currently 23.58%.

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.

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Institutional Ownership by Quarter for Visa (NYSE:V)



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