Consolidated Capital Management LLC Has $9.27 Million Stock Position in Visa Inc. (NYSE:V)

Posted by Defense World Staff on Mar 27th, 2023

Consolidated Capital Management LLC lessened its holdings in shares of Visa Inc. (NYSE:V – Get Rating) by 2.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 44,631 shares of the credit-card processor’s stock after selling 1,045 shares during the period. Visa accounts for approximately 5.5% of Consolidated Capital Management LLC’s holdings, making the stock its 3rd biggest position. Consolidated Capital Management LLC’s holdings in Visa were worth $9,273,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. Copperleaf Capital LLC boosted its holdings in shares of Visa by 0.6% in the second quarter. Copperleaf Capital LLC now owns 7,968 shares of the credit-card processor’s stock valued at $1,569,000 after acquiring an additional 49 shares in the last quarter. CNB Bank boosted its holdings in shares of Visa by 0.8% in the second quarter. CNB Bank now owns 6,338 shares of the credit-card processor’s stock valued at $1,248,000 after acquiring an additional 49 shares in the last quarter. Solstein Capital LLC boosted its holdings in shares of Visa by 0.4% in the second quarter. Solstein Capital LLC now owns 14,111 shares of the credit-card processor’s stock valued at $2,778,000 after acquiring an additional 50 shares in the last quarter. Eads & Heald Wealth Management boosted its holdings in shares of Visa by 0.4% in the third quarter. Eads & Heald Wealth Management now owns 12,641 shares of the credit-card processor’s stock valued at $2,246,000 after acquiring an additional 50 shares in the last quarter. Finally, Tobias Financial Advisors Inc. boosted its holdings in shares of Visa by 3.4% in the third quarter. Tobias Financial Advisors Inc. now owns 1,516 shares of the credit-card processor’s stock valued at $269,000 after acquiring an additional 50 shares in the last quarter. Institutional investors own 81.87% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on V shares. Mizuho increased their price objective on shares of Visa from $220.00 to $240.00 and gave the company a “neutral” rating in a report on Monday, January 30th. StockNews.com upgraded shares of Visa from a “hold” rating to a “buy” rating in a report on Thursday. Barclays increased their target price on shares of Visa from $266.00 to $270.00 and gave the company an “overweight” rating in a research note on Sunday, January 29th. Redburn Partners began coverage on shares of Visa in a report on Tuesday, November 29th. They set a “sell” rating for the company. Finally, Wells Fargo & Company raised their target price on shares of Visa from $250.00 to $265.00 and gave the stock an “overweight” rating in a report on Friday, January 27th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $259.11.

Insider Buying and Selling at Visa

In other news, President Ryan Mcinerney sold 58,197 shares of the firm’s stock in a transaction on Monday, January 9th. The shares were sold at an average price of $62.47, for a total transaction of $3,635,566.59. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, insider Rajat Taneja sold 61,721 shares of the firm’s stock in a transaction on Friday, February 3rd. The shares were sold at an average price of $229.92, for a total transaction of $14,190,892.32. Following the transaction, the insider now owns 232,112 shares in the company, valued at approximately $53,367,191.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Ryan Mcinerney sold 58,197 shares of the firm’s stock in a transaction on Monday, January 9th. The shares were sold at an average price of $62.47, for a total transaction of $3,635,566.59. The disclosure for this sale can be found here. Insiders sold 191,312 shares of company stock valued at $33,751,165 in the last quarter. Company insiders own 0.22% of the company’s stock.

Visa Trading Down 0.7 %

Shares of NYSE:V opened at $221.04 on Monday. The firm has a fifty day moving average of $223.52 and a two-hundred day moving average of $209.16. The firm has a market capitalization of $415.78 billion, a P/E ratio of 30.91, a price-to-earnings-growth ratio of 1.73 and a beta of 0.97. Visa Inc. has a 12-month low of $174.60 and a 12-month high of $234.30. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.59.

Visa (NYSE:V – Get Rating) last issued its earnings results on Thursday, January 26th. The credit-card processor reported $2.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.01 by $0.17. The company had revenue of $7.90 billion during the quarter, compared to analyst estimates of $7.70 billion. Visa had a net margin of 50.28% and a return on equity of 49.95%. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter last year, the business posted $1.81 EPS. On average, equities analysts expect that Visa Inc. will post 8.43 EPS for the current fiscal year.

Visa Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 1st. Shareholders of record on Friday, February 10th were paid a dividend of $0.45 per share. The ex-dividend date was Thursday, February 9th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.81%. This is a positive change from Visa’s previous quarterly dividend of $0.40. Visa’s dividend payout ratio (DPR) is 25.17%.

Visa Company Profile

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Visa, Inc engages in the provision of digital payment services. It also facilitates global commerce through the transfer of value and information among a global network of consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It offers debit cards, credit cards, prepaid products, commercial payment solutions, and global automated teller machines (ATMs).

Institutional Ownership by Quarter for Visa (NYSE:V)

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