Stokes Capital Advisors LLC Grows Stock Holdings in Visa Inc. (NYSE:V)

Stokes Capital Advisors LLC grew its stake in Visa Inc. (NYSE:V) by 0.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 32,773 shares of the credit-card processor’s stock after purchasing an additional 282 shares during the period. Visa makes up approximately 2.4% of Stokes Capital Advisors LLC’s holdings, making the stock its 10th largest holding. Stokes Capital Advisors LLC’s holdings in Visa were worth $8,602,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. First Interstate Bank grew its position in Visa by 3.6% during the 4th quarter. First Interstate Bank now owns 4,302 shares of the credit-card processor’s stock worth $1,120,000 after acquiring an additional 148 shares during the last quarter. Scissortail Wealth Management LLC grew its position in Visa by 150.5% during the 4th quarter. Scissortail Wealth Management LLC now owns 4,715 shares of the credit-card processor’s stock worth $1,290,000 after acquiring an additional 2,833 shares during the last quarter. Duncker Streett & Co. Inc. grew its position in Visa by 2.0% during the 4th quarter. Duncker Streett & Co. Inc. now owns 12,435 shares of the credit-card processor’s stock worth $3,237,000 after acquiring an additional 245 shares during the last quarter. Rothschild & Co Wealth Management UK Ltd grew its position in Visa by 3.2% during the 4th quarter. Rothschild & Co Wealth Management UK Ltd now owns 53,014 shares of the credit-card processor’s stock worth $13,802,000 after acquiring an additional 1,627 shares during the last quarter. Finally, Phoenix Wealth Advisors bought a new stake in Visa during the 4th quarter worth approximately $205,000. 82.15% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

V has been the topic of a number of research analyst reports. Macquarie restated an “outperform” rating and set a $300.00 price target on shares of Visa in a research report on Wednesday, July 24th. Piper Sandler decreased their price target on Visa from $322.00 to $319.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 24th. StockNews.com raised Visa from a “hold” rating to a “buy” rating in a report on Friday, August 9th. Citigroup reduced their price objective on Visa from $321.00 to $319.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Finally, Royal Bank of Canada reduced their price objective on Visa from $315.00 to $311.00 and set an “outperform” rating on the stock in a report on Wednesday, July 24th. Six analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $307.25.

Visa Stock Performance

Shares of Visa stock opened at $268.08 on Monday. The company has a market capitalization of $490.30 billion, a PE ratio of 29.87, a PEG ratio of 1.84 and a beta of 0.95. Visa Inc. has a 12 month low of $227.78 and a 12 month high of $290.96. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.54. The stock’s fifty day simple moving average is $266.41 and its 200 day simple moving average is $273.57.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, July 23rd. The credit-card processor reported $2.42 EPS for the quarter, hitting the consensus estimate of $2.42. The business had revenue of $8.90 billion for the quarter, compared to the consensus estimate of $8.92 billion. Visa had a return on equity of 51.94% and a net margin of 54.72%. The firm’s revenue was up 9.6% compared to the same quarter last year. During the same quarter last year, the business posted $2.16 EPS. On average, research analysts predict that Visa Inc. will post 9.91 EPS for the current year.

Visa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Friday, August 9th will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 0.78%. The ex-dividend date is Friday, August 9th. Visa’s payout ratio is presently 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.