Creative Financial Designs Inc. ADV Sells 67 Shares of Visa Inc. (NYSE:V)

Posted by Defense World Staff on Jul 12th, 2023

Creative Financial Designs Inc. ADV decreased its holdings in Visa Inc. (NYSE:V – Free Report) by 3.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,000 shares of the credit-card processor’s stock after selling 67 shares during the period. Creative Financial Designs Inc. ADV’s holdings in Visa were worth $451,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in V. Global Wealth Strategies & Associates bought a new stake in Visa in the fourth quarter worth about $26,000. JDM Financial Group LLC bought a new stake in Visa in the fourth quarter worth about $29,000. McElhenny Sheffield Capital Management LLC bought a new stake in Visa in the fourth quarter worth about $31,000. Financial Freedom LLC bought a new stake in Visa in the fourth quarter worth about $32,000. Finally, Ridgewood Investments LLC bought a new stake in Visa in the first quarter worth about $35,000. Institutional investors own 84.92% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on V shares. KeyCorp raised their target price on shares of Visa from $250.00 to $260.00 in a research report on Monday, April 24th. Truist Financial raised their target price on shares of Visa from $260.00 to $270.00 in a research report on Wednesday, April 26th. Raymond James raised their target price on shares of Visa from $281.00 to $282.00 in a research report on Wednesday, April 26th. Robert W. Baird raised their target price on shares of Visa from $272.00 to $284.00 in a research report on Wednesday, April 26th. Finally, 22nd Century Group reaffirmed a “maintains” rating on shares of Visa in a research report on Wednesday, April 26th. One research analyst has rated the stock with a sell rating, two have given a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $262.52.

Insider Transactions at Visa

In other news, insider Tullier Kelly Mahon sold 54,146 shares of Visa stock in a transaction on Monday, May 1st. The shares were sold at an average price of $232.55, for a total transaction of $12,591,652.30. Following the completion of the sale, the insider now directly owns 26,674 shares in the company, valued at $6,203,038.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Tullier Kelly Mahon sold 54,146 shares of Visa stock in a transaction on Monday, May 1st. The shares were sold at an average price of $232.55, for a total transaction of $12,591,652.30. Following the completion of the sale, the insider now directly owns 26,674 shares in the company, valued at $6,203,038.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Lloyd Carney sold 1,288 shares of Visa stock in a transaction on Friday, April 28th. The stock was sold at an average price of $232.97, for a total transaction of $300,065.36. Following the sale, the director now owns 2,542 shares of the company’s stock, valued at $592,209.74. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 142,602 shares of company stock worth $33,336,374. Company insiders own 0.21% of the company’s stock.

Visa Price Performance

NYSE V opened at $240.58 on Wednesday. The firm’s fifty day simple moving average is $229.47 and its two-hundred day simple moving average is $225.54. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.56. Visa Inc. has a 12-month low of $174.60 and a 12-month high of $240.70. The firm has a market capitalization of $450.68 billion, a P/E ratio of 32.16, a P/E/G ratio of 1.82 and a beta of 0.97.

Visa (NYSE:V – Get Free Report) last released its quarterly earnings results on Tuesday, April 25th. The credit-card processor reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.97 by $0.12. Visa had a net margin of 50.95% and a return on equity of 50.21%. The business had revenue of $7.99 billion for the quarter, compared to analyst estimates of $7.79 billion. During the same period in the previous year, the company earned $1.79 earnings per share. The business’s revenue for the quarter was up 11.1% on a year-over-year basis. Analysts forecast that Visa Inc. will post 8.59 EPS for the current fiscal year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 1st. Stockholders of record on Friday, May 12th were paid a dividend of $0.45 per share. The ex-dividend date was Thursday, May 11th. This represents a $1.80 annualized dividend and a dividend yield of 0.75%. Visa’s payout ratio is currently 24.06%.

Visa Company Profile

(Free Report)

Visa Inc operates as a payments technology company worldwide. 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, click to pay; Visa Direct, a real-time payments network; Visa B2B Connect, a multilateral B2B cross-border payments network; Visa Treasury as a Service, a cross-border consumer payments business; 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.