WESPAC Advisors SoCal LLC increased its holdings in Visa Inc. (NYSE:V) by 20.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,976 shares of the credit-card processor’s stock after acquiring an additional 2,495 shares during the quarter. WESPAC Advisors SoCal LLC’s holdings in Visa were worth $3,359,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Atlas Brown Inc. grew its holdings in shares of Visa by 1.2% during the third quarter. Atlas Brown Inc. now owns 5,320 shares of the credit-card processor’s stock valued at $1,185,000 after purchasing an additional 65 shares during the last quarter. Newfound Research LLC boosted its stake in Visa by 29.1% during the 3rd quarter. Newfound Research LLC now owns 497 shares of the credit-card processor’s stock valued at $111,000 after purchasing an additional 112 shares in the last quarter. Archford Capital Strategies LLC boosted its stake in Visa by 1.9% during the 3rd quarter. Archford Capital Strategies LLC now owns 25,063 shares of the credit-card processor’s stock valued at $5,583,000 after purchasing an additional 460 shares in the last quarter. Procyon Private Wealth Partners LLC boosted its stake in Visa by 1.0% during the 3rd quarter. Procyon Private Wealth Partners LLC now owns 7,000 shares of the credit-card processor’s stock valued at $1,559,000 after purchasing an additional 68 shares in the last quarter. Finally, Genesee Capital Advisors LLC bought a new position in Visa during the 3rd quarter valued at $2,308,000. Institutional investors and hedge funds own 80.54% of the company’s stock.
In related news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the company’s stock in a transaction on Friday, October 29th. The shares were sold at an average price of $208.57, for a total transaction of $1,877,130.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Ryan Mcinerney sold 11,193 shares of the company’s stock in a transaction on Monday, November 1st. The stock was sold at an average price of $212.44, for a total transaction of $2,377,840.92. The disclosure for this sale can be found here. Insiders have sold 51,580 shares of company stock worth $11,376,866 over the last three months. 0.19% of the stock is owned by insiders.
Shares of V stock traded up $4.76 during trading hours on Thursday, hitting $203.25. 12,022,669 shares of the company’s stock traded hands, compared to its average volume of 8,681,419. The stock’s 50 day simple moving average is $219.79 and its 200 day simple moving average is $228.86. The stock has a market cap of $395.92 billion, a PE ratio of 36.10, a price-to-earnings-growth ratio of 1.88 and a beta of 0.92. Visa Inc. has a 12 month low of $192.81 and a 12 month high of $252.67. The company has a quick ratio of 2.00, a current ratio of 1.75 and a debt-to-equity ratio of 0.58.
Visa (NYSE:V) last posted its quarterly earnings results on Tuesday, October 26th. The credit-card processor reported $1.62 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.09. The business had revenue of $6.56 billion during the quarter, compared to analysts’ expectations of $6.51 billion. Visa had a net margin of 51.07% and a return on equity of 37.62%. The business’s quarterly revenue was up 28.6% on a year-over-year basis. During the same period last year, the company posted $1.12 earnings per share. As a group, equities research analysts expect that Visa Inc. will post 7.05 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 7th. Investors of record on Friday, November 12th will be given a dividend of $0.375 per share. This is a positive change from Visa’s previous quarterly dividend of $0.32. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend is Wednesday, November 10th. Visa’s dividend payout ratio (DPR) is presently 26.64%.
Visa Company Profile
Visa, Inc engages in the provision of digital payment services. It also facilitates global commerce through the transfer of value and information among global network of consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It offers debit card, credit card, prepaid products, commercial payment solutions, and global ATM.
See Also: Dividend
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