McClarren Financial Advisors Inc. Boosts Holdings in Visa Inc. (NYSE:V)

McClarren Financial Advisors Inc. lifted its stake in Visa Inc. (NYSE:V) by 447.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 838 shares of the credit-card processor’s stock after buying an additional 685 shares during the period. McClarren Financial Advisors Inc.’s holdings in Visa were worth $234,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of V. GUNN & Co INVESTMENT MANAGEMENT INC. acquired a new stake in Visa during the 3rd quarter worth $2,951,000. Invst LLC boosted its stake in Visa by 2.1% during the 3rd quarter. Invst LLC now owns 3,649 shares of the credit-card processor’s stock worth $839,000 after purchasing an additional 75 shares during the period. Quantum Financial Advisors LLC boosted its stake in Visa by 63.0% during the 3rd quarter. Quantum Financial Advisors LLC now owns 4,499 shares of the credit-card processor’s stock worth $1,035,000 after purchasing an additional 1,739 shares during the period. Modera Wealth Management LLC lifted its stake in shares of Visa by 1.5% in the 3rd quarter. Modera Wealth Management LLC now owns 134,265 shares of the credit-card processor’s stock worth $30,882,000 after acquiring an additional 2,004 shares during the period. Finally, Scarborough Advisors LLC acquired a new stake in shares of Visa in the 3rd quarter worth $203,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Analyst Upgrades and Downgrades

V has been the subject of several recent analyst reports. Citigroup raised their target price on shares of Visa from $314.00 to $321.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Royal Bank of Canada raised their target price on shares of Visa from $309.00 to $315.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Macquarie raised their target price on shares of Visa from $290.00 to $300.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Evercore ISI reduced their target price on shares of Visa from $335.00 to $330.00 and set an “outperform” rating for the company in a research note on Tuesday, June 25th. Finally, William Blair restated an “outperform” rating on shares of Visa in a research note on Wednesday, April 24th. Six 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, the stock presently has an average rating of “Moderate Buy” and an average target price of $304.44.

Visa Stock Performance

Shares of NYSE V opened at $265.60 on Friday. The company has a market cap of $485.77 billion, a PE ratio of 29.34, a price-to-earnings-growth ratio of 1.80 and a beta of 0.95. Visa Inc. has a 12 month low of $227.68 and a 12 month high of $290.96. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.40 and a quick ratio of 1.40. The company has a 50-day simple moving average of $272.88 and a 200-day simple moving average of $273.85.

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

Visa Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Friday, May 17th were issued a dividend of $0.52 per share. The ex-dividend date was Thursday, May 16th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.78%. Visa’s dividend payout ratio (DPR) is presently 23.24%.

Insider Activity at Visa

In related 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 $4,959,322.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Visa news, Director Lloyd Carney sold 909 shares of Visa stock in a transaction that occurred 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 of the company’s stock, valued at $713,950.05. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Paul D. Fabara sold 25,293 shares of Visa stock in a transaction that occurred on Wednesday, May 15th. The shares were 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 $4,959,322.10. The disclosure for this sale can be found here. 0.19% of the stock is owned by insiders.

Visa Company 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.