Pine Valley Investments Ltd Liability Co Boosts Holdings in Visa Inc. (NYSE:V)

Pine Valley Investments Ltd Liability Co increased its holdings in shares of Visa Inc. (NYSE:V) by 7.8% in the second quarter, Holdings Channel reports. The firm owned 51,349 shares of the credit-card processor’s stock after buying an additional 3,705 shares during the period. Visa comprises 0.9% of Pine Valley Investments Ltd Liability Co’s investment portfolio, making the stock its 18th largest holding. Pine Valley Investments Ltd Liability Co’s holdings in Visa were worth $13,478,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Livelsberger Financial Advisory purchased a new stake in Visa during the fourth quarter worth about $25,000. Westend Capital Management LLC acquired a new position in shares of Visa in the first quarter valued at approximately $25,000. POM Investment Strategies LLC increased its stake in Visa by 970.0% during the 2nd quarter. POM Investment Strategies LLC now owns 107 shares of the credit-card processor’s stock worth $28,000 after buying an additional 97 shares during the period. Frank Rimerman Advisors LLC acquired a new stake in Visa during the 4th quarter worth approximately $33,000. Finally, TruNorth Capital Management LLC boosted its position in Visa by 211.9% in the 2nd quarter. TruNorth Capital Management LLC now owns 131 shares of the credit-card processor’s stock valued at $34,000 after buying an additional 89 shares during the period. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

V has been the topic of several analyst reports. Citigroup reduced their price objective on Visa from $321.00 to $319.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. William Blair raised Visa to a “strong-buy” rating in a research report on Tuesday, July 23rd. Royal Bank of Canada lowered their price objective on Visa from $315.00 to $311.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. JPMorgan Chase & Co. raised their target price on shares of Visa from $290.00 to $320.00 and gave the company an “overweight” rating in a report on Tuesday, August 20th. Finally, Macquarie reiterated an “outperform” rating and set a $300.00 price target on shares of Visa in a report on Wednesday, July 24th. Six equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $308.50.

Visa Stock Performance

Shares of Visa stock opened at $276.37 on Friday. The stock has a market capitalization of $503.63 billion, a price-to-earnings ratio of 30.88, a PEG ratio of 1.95 and a beta of 0.95. The firm’s fifty day simple moving average is $265.70 and its 200-day simple moving average is $273.13. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.37 and a quick ratio of 1.37. Visa Inc. has a 12 month low of $227.78 and a 12 month high of $290.96.

Visa (NYSE:V) last announced its earnings results on Tuesday, July 23rd. The credit-card processor reported $2.42 EPS for the quarter, meeting analysts’ consensus estimates of $2.42. Visa had a net margin of 54.72% and a return on equity of 51.94%. The business had revenue of $8.90 billion during the quarter, compared to analysts’ expectations of $8.92 billion. During the same period in the prior year, the company earned $2.16 earnings per share. The business’s revenue was up 9.6% compared to the same quarter last year. As a group, equities analysts forecast that Visa Inc. will post 9.92 earnings per share for the current year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Friday, August 9th will be given a dividend of $0.52 per share. The ex-dividend date is Friday, August 9th. This represents a $2.08 dividend on an annualized basis and a yield of 0.75%. Visa’s payout ratio is 23.24%.

About Visa

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.