Mine & Arao Wealth Creation & Management LLC. Has $3.38 Million Holdings in Visa Inc. (NYSE:V)

Mine & Arao Wealth Creation & Management LLC. lifted its position in Visa Inc. (NYSE:V) by 4.2% in the second quarter, HoldingsChannel.com reports. The firm owned 12,865 shares of the credit-card processor’s stock after acquiring an additional 516 shares during the period. Visa comprises 1.6% of Mine & Arao Wealth Creation & Management LLC.’s investment portfolio, making the stock its 11th largest holding. Mine & Arao Wealth Creation & Management LLC.’s holdings in Visa were worth $3,377,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of V. Westend Capital Management LLC acquired a new position in shares of Visa in the 1st quarter worth approximately $25,000. Livelsberger Financial Advisory bought a new position in shares of Visa during the fourth quarter valued at $25,000. POM Investment Strategies LLC boosted its stake in shares of Visa by 970.0% in the 2nd quarter. POM Investment Strategies LLC now owns 107 shares of the credit-card processor’s stock valued at $28,000 after purchasing an additional 97 shares in the last quarter. Frank Rimerman Advisors LLC bought a new stake in shares of Visa in the 4th quarter worth about $33,000. Finally, TruNorth Capital Management LLC lifted its holdings in Visa by 211.9% during the 2nd quarter. TruNorth Capital Management LLC now owns 131 shares of the credit-card processor’s stock valued at $34,000 after purchasing an additional 89 shares during the last quarter. 82.15% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on V shares. Bank of America reaffirmed a “neutral” rating and set a $297.00 price objective (down previously from $305.00) on shares of Visa in a report on Wednesday, July 10th. Compass Point assumed coverage on Visa in a research report on Wednesday. They set a “buy” rating and a $319.00 price target on the stock. StockNews.com upgraded Visa from a “hold” rating to a “buy” rating in a research report on Friday, August 9th. Macquarie restated an “outperform” rating and set a $300.00 target price on shares of Visa in a report on Wednesday, July 24th. Finally, Citigroup lowered their target price on Visa from $321.00 to $319.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Six investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Visa has an average rating of “Moderate Buy” and an average price target of $309.54.

Visa Stock Performance

Shares of V traded up $0.75 during mid-day trading on Friday, reaching $279.37. The company’s stock had a trading volume of 7,187,805 shares, compared to its average volume of 7,125,969. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.54. Visa Inc. has a 1-year low of $227.78 and a 1-year high of $290.96. The business has a 50-day simple moving average of $266.53 and a two-hundred day simple moving average of $273.14. The stock has a market cap of $509.10 billion, a P/E ratio of 31.23, a PEG ratio of 1.98 and a beta of 0.96.

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

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Friday, August 9th were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend was Friday, August 9th. Visa’s dividend payout ratio is 23.24%.

Insiders Place Their Bets

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $276.37, for a total value of $2,382,309.40. Following the completion of the sale, the chief executive officer now owns 538 shares in the company, valued at approximately $148,687.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.19% of the company’s stock.

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.