Visa Inc. (NYSE:V) Position Increased by Hendley & Co. Inc.

Hendley & Co. Inc. raised its position in Visa Inc. (NYSE:V) by 11.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 75,838 shares of the credit-card processor’s stock after acquiring an additional 7,672 shares during the quarter. Visa makes up about 7.1% of Hendley & Co. Inc.’s holdings, making the stock its 3rd biggest holding. Hendley & Co. Inc.’s holdings in Visa were worth $19,905,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in V. Steele Capital Management Inc. increased its holdings in shares of Visa by 6.1% in the 2nd quarter. Steele Capital Management Inc. now owns 2,518 shares of the credit-card processor’s stock valued at $661,000 after acquiring an additional 144 shares during the last quarter. Howard Capital Management Group LLC increased its stake in Visa by 0.3% in the second quarter. Howard Capital Management Group LLC now owns 105,745 shares of the credit-card processor’s stock valued at $27,755,000 after purchasing an additional 327 shares during the last quarter. Falcon Wealth Planning raised its holdings in Visa by 10.0% during the second quarter. Falcon Wealth Planning now owns 1,318 shares of the credit-card processor’s stock worth $346,000 after purchasing an additional 120 shares in the last quarter. V Square Quantitative Management LLC grew its position in shares of Visa by 1.1% in the 2nd quarter. V Square Quantitative Management LLC now owns 27,244 shares of the credit-card processor’s stock valued at $7,151,000 after buying an additional 297 shares during the last quarter. Finally, Lodestone Wealth Management LLC lifted its holdings in shares of Visa by 1.9% in the 2nd quarter. Lodestone Wealth Management LLC now owns 7,364 shares of the credit-card processor’s stock valued at $1,933,000 after purchasing an additional 137 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Price Performance

Shares of NYSE:V traded up $1.01 during trading on Wednesday, reaching $261.14. The stock had a trading volume of 8,223,922 shares, compared to its average volume of 7,238,238. The business’s 50-day moving average price is $267.11 and its 200 day moving average price is $273.77. Visa Inc. has a 52 week low of $227.78 and a 52 week high of $290.96. The stock has a market capitalization of $475.88 billion, a PE ratio of 29.08, a P/E/G ratio of 1.83 and a beta of 0.95. 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 (NYSE:V) last released its earnings results on Tuesday, July 23rd. The credit-card processor reported $2.42 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.42. The company had revenue of $8.90 billion for the quarter, compared to analyst estimates of $8.92 billion. Visa had a return on equity of 51.94% and a net margin of 54.72%. Visa’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the firm posted $2.16 EPS. As a group, equities analysts predict that Visa Inc. will post 9.91 earnings per share for the current year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Friday, August 9th will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend is Friday, August 9th. Visa’s dividend payout ratio (DPR) is 23.24%.

Wall Street Analyst Weigh In

V has been the subject of a number of recent research reports. William Blair upgraded shares of Visa to a “strong-buy” rating in a research note on Tuesday, July 23rd. StockNews.com raised Visa from a “hold” rating to a “buy” rating in a report on Friday, August 9th. Robert W. Baird upped their price objective on Visa from $314.00 to $320.00 and gave the company an “outperform” rating in a research note on Wednesday, April 17th. JPMorgan Chase & Co. lowered their target price on Visa from $300.00 to $290.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 24th. Finally, Jefferies Financial Group dropped their target price on Visa from $325.00 to $300.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Six research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $307.25.

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.