Visa Inc. (NYSE:V) Shares Purchased by Blossom Wealth Management

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Blossom Wealth Management lifted its holdings in Visa Inc. (NYSE:VGet Rating) by 5.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,462 shares of the credit-card processor’s stock after acquiring an additional 70 shares during the quarter. Blossom Wealth Management’s holdings in Visa were worth $288,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cross Staff Investments Inc grew its position in shares of Visa by 0.7% during the first quarter. Cross Staff Investments Inc now owns 6,801 shares of the credit-card processor’s stock worth $1,508,000 after buying an additional 47 shares in the last quarter. Physicians Financial Services Inc. grew its position in shares of Visa by 0.3% during the first quarter. Physicians Financial Services Inc. now owns 19,388 shares of the credit-card processor’s stock worth $4,300,000 after buying an additional 49 shares in the last quarter. Westhampton Capital LLC grew its position in shares of Visa by 3.4% during the first quarter. Westhampton Capital LLC now owns 1,510 shares of the credit-card processor’s stock worth $335,000 after buying an additional 50 shares in the last quarter. Sanders Morris Harris LLC grew its position in shares of Visa by 0.6% during the second quarter. Sanders Morris Harris LLC now owns 9,090 shares of the credit-card processor’s stock worth $1,802,000 after buying an additional 50 shares in the last quarter. Finally, JGP Wealth Management LLC grew its position in shares of Visa by 1.9% during the second quarter. JGP Wealth Management LLC now owns 2,649 shares of the credit-card processor’s stock worth $533,000 after buying an additional 50 shares in the last quarter. Institutional investors and hedge funds own 81.49% of the company’s stock.

Analyst Ratings Changes

V has been the topic of several research analyst reports. Truist Financial reduced their price objective on Visa from $275.00 to $250.00 in a research note on Thursday, June 30th. Susquehanna reduced their price objective on Visa from $290.00 to $260.00 in a research note on Thursday, July 28th. Barclays raised their price objective on Visa from $263.00 to $271.00 and gave the stock an “overweight” rating in a research note on Thursday, July 28th. Citigroup reduced their price objective on Visa from $270.00 to $254.00 in a research note on Tuesday, July 26th. Finally, Mizuho reduced their price objective on Visa from $235.00 to $215.00 and set a “neutral” rating on the stock in a research note on Friday, July 1st. Four equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Visa has a consensus rating of “Moderate Buy” and an average price target of $257.28.

Visa Trading Up 2.2 %

Shares of V opened at $185.65 on Wednesday. Visa Inc. has a 1-year low of $174.83 and a 1-year high of $236.96. The stock has a market capitalization of $350.96 billion, a P/E ratio of 27.38, a P/E/G ratio of 1.30 and a beta of 0.92. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.63. The business’s 50-day moving average price is $201.21 and its 200 day moving average price is $205.61.

Visa (NYSE:VGet Rating) last announced its quarterly earnings data on Tuesday, July 26th. The credit-card processor reported $1.98 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.24. Visa had a return on equity of 46.39% and a net margin of 51.99%. The firm had revenue of $7.28 billion during the quarter, compared to analyst estimates of $7.06 billion. Analysts expect that Visa Inc. will post 7.43 earnings per share for the current year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Friday, August 12th were given a dividend of $0.375 per share. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $1.50 dividend on an annualized basis and a yield of 0.81%. Visa’s payout ratio is presently 22.12%.

Insiders Place Their Bets

In other Visa news, CEO Alfred F. Kelly, Jr. sold 6,000 shares of the firm’s stock in a transaction dated Thursday, September 29th. The stock was sold at an average price of $180.00, for a total transaction of $1,080,000.00. Following the completion of the sale, the chief executive officer now directly owns 153,887 shares in the company, valued at approximately $27,699,660. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Alfred F. Kelly, Jr. sold 6,000 shares of Visa stock in a transaction dated Thursday, September 29th. The stock was sold at an average price of $180.00, for a total transaction of $1,080,000.00. Following the completion of the sale, the chief executive officer now directly owns 153,887 shares in the company, valued at approximately $27,699,660. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Alfred F. Kelly, Jr. sold 9,000 shares of Visa stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $212.11, for a total value of $1,908,990.00. Following the sale, the chief executive officer now owns 156,887 shares of the company’s stock, valued at $33,277,301.57. The disclosure for this sale can be found here. Corporate insiders own 0.21% of the company’s stock.

Visa Profile

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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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