GoalVest Advisory LLC owns $2.42 million in Visa Inc. (NYSE:V)

GoalVest Advisory LLC grew its holdings in Visa Inc. (NYSE:V – Free Report) by 4.1% during the second quarter, according to the company in its most recent SEC disclosure. The fund owned 9,230 shares of the credit card processor’s stock after purchasing an additional 364 shares during the quarter. Visa comprises 0.8% of GoalVest Advisory LLC’s portfolio, making the stock its 15th biggest holding. GoalVest Advisory LLC’s holdings in Visa were worth $2,423,000 at the end of the most recent quarter.

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

Analyst upgrades and downgrades

V has been the subject of several research reports. Bank of America restated a “neutral” rating and issued a $297.00 target price (down from $305.00) on shares of Visa in a research report on Wednesday, July 10th. Royal Bank of Canada cut their price target on shares of Visa from $315.00 to $311.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 24th. Evercore ISI cut their price target 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. Citigroup decreased their price objective on Visa from $321.00 to $319.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Finally, JPMorgan Chase & Co. upped 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. Six 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 stock. Visa presently has a consensus rating of “Moderate Buy” and a consensus price target of $308.50, based on data from MarketBeat.

Get the latest analysis on V

Visa stock performance

Shares of V opened at $276.37 on Friday. Visa Inc. has a twelve month low of $227.78 and a twelve month high of $290.96. The company has a quick ratio of 1.37, a current ratio of 1.37, and a debt-to-equity ratio of 0.54. The company has a market cap of $503.63 billion, a P/E ratio of 30.88, a price-to-earnings-growth ratio of 1.95 and a beta of 0.95. The company’s fifty day moving average is $265.70 and its 200 day moving average is $273.13.

Visa (NYSE:V – Get Your Free Report ) last posted its earnings results on Tuesday, July 23rd. The credit card processor reported $2.42 earnings per share for the quarter, meeting the consensus estimate of $2.42. The firm 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%. The company’s quarterly revenue was up 9.6% year over year. In the same quarter last year, the company posted earnings of $2.16 per share. Equities research analysts forecast that Visa Inc. will post 9.92 EPS for the current year.

Visa announces dividends

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

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.

See Also

Want to see what other hedge funds own V? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for Visa Inc. (NYSE:V – Free Report).

Get news and reviews for Visa Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Visa and related companies with MarketBeat.com’s FREE daily email newsletter.