1,005 shares in Visa Inc. (NYSE:V) purchased by Epic Trust Investment Advisors LLC


Epic Trust Investment Advisors LLC bought a new position in shares of Visa Inc. (NYSE:V – Get Rating ) during the first quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,005 shares of the credit card processor’s stock, valued at approximately $223,000.

Other hedge funds have also recently made changes to their positions in the company. Relyea Zuckerberg Hanson LLC boosted its holdings in shares of Visa by 21.4% in the first quarter. Relyea Zuckerberg Hanson LLC now owns 3,629 shares of the credit card processor’s stock valued at $774,000 after purchasing an additional 640 shares during the period. Adams Chetwood Wealth Management LLC boosted its holdings in Visa by 13.2% in the first quarter. Adams Chetwood Wealth Management LLC now owns 4,334 shares of the credit card processor’s stock valued at $961,000 after buying an additional 507 shares during the period. Newman Dignan & Sheerar Inc. grew its holdings in shares of Visa by 1.7% in the first quarter. Newman Dignan & Sheerar Inc. now owns 6,088 shares of the credit card processor’s stock valued at $1,350,000 after acquiring an additional 100 shares during the period. Alta Capital Management LLC boosted its position in Visa by 5.1% in the first quarter. Alta Capital Management LLC now owns 221,177 shares of the credit-card processor’s stock valued at $49,050,000 after buying an additional 10,750 shares in the last quarter. Finally, Mizuho Securities Co. Ltd. grew its position in Visa by 430.7% during the first quarter. Mizuho Securities Co. Ltd. now owns 18,707 shares of the credit card processor’s stock valued at $4,149,000 after acquiring an additional 15,182 shares during the period. 80.77% of the shares are owned by institutional investors and hedge funds.

V stock opened at $199.18 on Monday. The company has a debt-to-equity ratio of 0.53, a quick earnings ratio of 1.29 and a current ratio of 1.29. Visa Inc. has a one year low of $185.91 and a one year high of $252.67. The company’s 50-day moving average is $203.19, and its 200-day moving average is $211.76. The company has a market cap of $378.70 billion, a PE ratio of 31.32, a price-to-earnings-growth ratio of 1.69 and a beta of 0.90.

Visa (NYSE:V – Get Rating ) last posted its earnings results on Tuesday, April 26th. The credit card processor reported $1.79 EPS for the quarter, topping the consensus estimate of $1.65 by $0.14. Visa had a net margin of 51.10% and a return on equity of 42.89%. The company had revenue of $7.19 billion for the quarter, compared to the consensus estimate of $6.82 billion. During the same period in the prior year, the firm earned $1.38 earnings per share. The company’s revenue for the quarter was up 25.5% year over year. On average, analysts predict that Visa Inc. will post 7.16 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 1st. Investors of record on Friday, May 13th were given a $0.375 dividend. This represents a $1.50 annual dividend and a dividend yield of 0.75%. The ex-dividend date was Thursday, May 12th. Visa’s payout ratio is 23.58%.

A number of research analysts have weighed in on the stock. Truist Financial reduced their price objective on shares of Visa from $275.00 to $250.00 in a research note on Thursday. StockNews.com raised shares of Visa from a “hold” rating to a “buy” rating in a report on Thursday, April 28th. Cowen reduced their target price on shares of Visa from $276.00 to $254.00 in a report on Wednesday, April 27th. Evercore ISI upped their target price on shares of Visa from $304.00 to $310.00 and gave the company an “outperform” rating in a report on Wednesday, April 27th. Finally, Mizuho reduced their target price on shares of Visa from $235.00 to $215.00 and set a “neutral” rating for the company in a report on Friday. Five investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. The company currently has an average rating of “Moderate Buy” and a consensus target price of $266.24, according to MarketBeat.

In related news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of Visa stock in a transaction on Thursday, June 30th. The shares were sold at an average price of $195.37 for a total value of $1,758,330.00. Following the transaction, the chief executive officer now directly owns 159,887 shares of the company’s stock, valued at $31,237,123.19. The sale was disclosed in a legal filing with the SEC, which can be accessed via this link. Over the last ninety days, insiders have sold 27,000 shares of company stock worth $5,619,330. 0.21% of shares are owned by insiders.

About Visa (Get Rating)

Visa Inc operates as a payment technology company worldwide. The company facilitates digital payments among consumers, merchants, financial institutions, businesses, strategic partners and government bodies. It operates VisaNet, a transaction processing network that enables the authorization, clearing and settlement of payment transactions.

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Institutional Ownership by Quarter for Visa (NYSE:V)



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