HMV Wealth Advisors LLC Reduces Position in Visa Inc. $V

HMV Wealth Advisors LLC trimmed its stake in Visa Inc. (NYSE:V) by 14.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,673 shares of the credit-card processor’s stock after selling 615 shares during the period. Visa makes up 0.9% of HMV Wealth Advisors LLC’s investment portfolio, making the stock its 26th largest holding. HMV Wealth Advisors LLC’s holdings in Visa were worth $1,304,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Keystone Global Partners LLC purchased a new position in shares of Visa in the 1st quarter valued at $26,000. von Borstel & Associates Inc. purchased a new stake in shares of Visa in the first quarter valued at about $27,000. Family Legacy Financial Solutions LLC purchased a new stake in shares of Visa in the second quarter valued at about $28,000. Cranbrook Wealth Management LLC boosted its holdings in shares of Visa by 82.0% in the second quarter. Cranbrook Wealth Management LLC now owns 91 shares of the credit-card processor’s stock valued at $32,000 after acquiring an additional 41 shares in the last quarter. Finally, 1 North Wealth Services LLC acquired a new stake in shares of Visa in the first quarter valued at about $38,000. 82.15% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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 transaction of $3,589,015.50. Following the transaction, the chief executive officer directly owned 537 shares in the company, valued at $183,815.10. This represents a 95.13% decrease in their position. The transaction 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 the stock in a transaction on Monday, August 18th. The shares were sold at an average price of $344.02, for a total transaction of $697,328.54. Following the transaction, the general counsel owned 11,925 shares in the company, valued at $4,102,438.50. This trade represents a 14.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

Visa Price Performance

Shares of V stock opened at $346.66 on Friday. The company has a market capitalization of $635.36 billion, a PE ratio of 33.85, a price-to-earnings-growth ratio of 2.08 and a beta of 0.90. The firm has a fifty day simple moving average of $343.68 and a 200-day simple moving average of $346.98. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.52. Visa Inc. has a twelve month low of $275.35 and a twelve month high of $375.51.

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

Visa Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Visa in a research note on Wednesday. Raymond James Financial restated an “outperform” rating on shares of Visa in a research report on Wednesday, July 30th. Morgan Stanley boosted their price objective on shares of Visa from $386.00 to $402.00 and gave the company an “overweight” rating in a research report on Wednesday, July 30th. Barclays reissued an “overweight” rating and issued a $408.00 price objective (up previously from $396.00) on shares of Visa in a research report on Thursday, July 31st. Finally, Oppenheimer upped their price target on shares of Visa from $390.00 to $391.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 2nd. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Visa presently has an average rating of “Moderate Buy” and a consensus price target of $389.00.

Visa 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.