Roberts Wealth Advisors LLC Has $4.92 Million Position in Visa Inc. (NYSE:V)

Roberts Wealth Advisors LLC increased its holdings in shares of Visa Inc. (NYSE:V) by 1.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,116 shares of the credit-card processor’s stock after buying an additional 298 shares during the period. Visa comprises approximately 1.8% of Roberts Wealth Advisors LLC’s portfolio, making the stock its 14th largest position. Roberts Wealth Advisors LLC’s holdings in Visa were worth $4,915,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Mayfair Advisory Group LLC increased its stake in Visa by 10.4% in the first quarter. Mayfair Advisory Group LLC now owns 888 shares of the credit-card processor’s stock valued at $248,000 after purchasing an additional 84 shares in the last quarter. Breakwater Capital Group grew its holdings in shares of Visa by 8.9% during the first quarter. Breakwater Capital Group now owns 3,107 shares of the credit-card processor’s stock valued at $867,000 after buying an additional 255 shares during the last quarter. Optas LLC increased its position in shares of Visa by 2.2% during the first quarter. Optas LLC now owns 5,119 shares of the credit-card processor’s stock worth $1,429,000 after acquiring an additional 112 shares in the last quarter. Clarity Wealth Advisors LLC lifted its position in Visa by 2.6% in the 1st quarter. Clarity Wealth Advisors LLC now owns 21,633 shares of the credit-card processor’s stock valued at $6,037,000 after acquiring an additional 549 shares in the last quarter. Finally, Blue Zone Wealth Advisors LLC boosted its stake in Visa by 1.0% during the 1st quarter. Blue Zone Wealth Advisors LLC now owns 23,684 shares of the credit-card processor’s stock valued at $6,610,000 after purchasing an additional 236 shares during the last quarter. 82.15% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on V. UBS Group lifted their target price on Visa from $315.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Wells Fargo & Company boosted their price target on shares of Visa from $300.00 to $325.00 and gave the stock an “overweight” rating in a report on Wednesday, March 6th. William Blair reiterated an “outperform” rating on shares of Visa in a research note on Wednesday, April 24th. Mizuho upped their target price on Visa from $265.00 to $275.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. Finally, Oppenheimer lifted their price target on Visa from $297.00 to $299.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Five analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $303.56.

Insider Transactions at Visa

In other news, insider Paul D. Fabara sold 25,293 shares of the stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $277.15, for a total transaction of $7,009,954.95. Following the transaction, the insider now directly owns 17,894 shares in the company, valued at approximately $4,959,322.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Paul D. Fabara sold 25,293 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $277.15, for a total value of $7,009,954.95. Following the completion of the sale, the insider now directly owns 17,894 shares in the company, valued at approximately $4,959,322.10. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Lloyd Carney sold 909 shares of the stock in a transaction on Friday, April 26th. The shares were sold at an average price of $275.55, for a total transaction of $250,474.95. Following the transaction, the director now directly owns 2,591 shares in the company, valued at approximately $713,950.05. The disclosure for this sale can be found here. 0.19% of the stock is currently owned by insiders.

Visa Price Performance

NYSE:V opened at $263.17 on Tuesday. The firm has a market capitalization of $481.32 billion, a price-to-earnings ratio of 29.40, a P/E/G ratio of 1.80 and a beta of 0.95. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.40 and a current ratio of 1.40. The stock has a fifty day moving average of $273.88 and a 200 day moving average of $273.58. Visa Inc. has a 52-week low of $227.68 and a 52-week high of $290.96.

Visa (NYSE:V) last issued its quarterly earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.43 by $0.08. The firm had revenue of $8.78 billion during the quarter, compared to the consensus estimate of $8.62 billion. Visa had a return on equity of 51.23% and a net margin of 53.87%. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter last year, the company posted $2.09 EPS. On average, research analysts expect that Visa Inc. will post 9.94 EPS for the current fiscal year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Friday, May 17th were given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 0.79%. The ex-dividend date was Thursday, May 16th. Visa’s dividend payout ratio (DPR) is currently 23.24%.

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.