KCM Investment Advisors LLC owns $42.42 million in Visa Inc. (NYSE:V)

KCM Investment Advisors LLC reduced its position in shares of Visa Inc. (NYSE:V – Free Report) by 0.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 161,617 shares of the credit card processor’s stock after selling 885 shares during the quarter. Visa makes up about 1.5% of KCM Investment Advisors LLC’s investment portfolio, making the stock its 15th biggest holding. KCM Investment Advisors LLC’s holdings in Visa were worth $42,420,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. GUNN & Co INVESTMENT MANAGEMENT INC. raised its holdings in Visa by 1,215.7% in the 4th quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 168,786 shares of the credit card processor’s stock worth $43,943,000 after buying an additional 155,957 shares in the last quarter. Brio Consultants LLC boosted its holdings in Visa by 39.1% in the 4th quarter. Brio Consultants LLC now owns 1,555 shares of the credit card processor’s stock worth $405,000 after purchasing an additional 437 shares in the last quarter. Gilbert & Cook Inc. raised its holdings in Visa by 2.9% in the 4th quarter. Gilbert & Cook Inc. now owns 5,629 shares of the credit card processor’s stock worth $1,466,000 after purchasing an additional 158 shares during the last quarter. Duff & Phelps Investment Management Co. raised its holdings in Visa by 0.3% in the fourth quarter. Duff & Phelps Investment Management Co. now owns 17,812 shares of the credit card processor’s stock worth $4,637,000 after buying an additional 50 shares in the last quarter. Finally, Cozad Asset Management Inc. grew its position in Visa by 1.9% in the 4th quarter. Cozad Asset Management Inc. now owns 4,419 shares of the credit card processor’s stock worth $1,150,000 after buying an additional 84 shares during the period. 82.15% of the shares are currently owned by institutional investors and hedge funds.

Visa price performance

Shares of V stock opened at $276.37 on Friday. The stock’s fifty-day simple moving average is $265.67, and its 200-day simple moving average is $273.12. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.37, and a quick ratio of 1.37. The firm has a market cap of $505.46 billion, a price-to-earnings ratio of 30.88, a P/E/G ratio of 1.89 and a beta of 0.95. Visa Inc. it has a one year low of $227.78 and a one year high of $290.96.

Visa (NYSE:V – Get Your Free Report ) last announced its quarterly earnings results on Tuesday, July 23rd. The credit card processor reported $2.42 EPS for the quarter, meeting 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% year-over-year. In the same quarter last year, the firm earned $2.16 EPS. On average, analysts expect that Visa Inc. to post 9.91 earnings per share for the current fiscal year.

Visa announces dividends

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Friday, August 9th will be given a $0.52 dividend. This represents a dividend of $2.08 on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend is Friday, August 9. Visa’s dividend payout ratio is currently 23.24%.

Analysts set new price targets

Several research analysts have commented on the company. JPMorgan Chase & Co. raised their target price on Visa from $290.00 to $320.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 20th. Citigroup decreased their price target on Visa from $321.00 to $319.00 and set a “buy” 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 research report on Friday, August 9th. Morgan Stanley decreased their price target on Visa from $326.00 to $322.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 24th. Finally, 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. Six equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. Visa presently has an average rating of “Moderate Buy” and a consensus price target of $308.50, according to MarketBeat.com.

Read our latest stock report on Visa

Visa Company Profile

(Free report)

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables the 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 payment solution for consumers; and Visa DPS, which offers a range of value-added services including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions and contact center services.

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