Salvus Wealth Management LLC Grows Stake in Visa Inc. (NYSE:V)

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Salvus Wealth Management LLC grew its position in Visa Inc. (NYSE:VGet Rating) by 2.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,801 shares of the credit-card processor’s stock after purchasing an additional 59 shares during the quarter. Salvus Wealth Management LLC’s holdings in Visa were worth $551,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Cross Staff Investments Inc raised its position in shares of Visa by 0.7% during the 1st quarter. Cross Staff Investments Inc now owns 6,801 shares of the credit-card processor’s stock worth $1,508,000 after purchasing an additional 47 shares during the last quarter. Physicians Financial Services Inc. raised its position in shares of Visa by 0.3% during the 1st quarter. Physicians Financial Services Inc. now owns 19,388 shares of the credit-card processor’s stock worth $4,300,000 after purchasing an additional 49 shares during the last quarter. Westhampton Capital LLC raised its position in shares of Visa by 3.4% during the 1st quarter. Westhampton Capital LLC now owns 1,510 shares of the credit-card processor’s stock worth $335,000 after purchasing an additional 50 shares during the last quarter. Sanders Morris Harris LLC raised its position in shares of Visa by 0.6% during the 2nd quarter. Sanders Morris Harris LLC now owns 9,090 shares of the credit-card processor’s stock worth $1,802,000 after purchasing an additional 50 shares during the last quarter. Finally, Alhambra Investment Partners LLC raised its position in shares of Visa by 1.0% during the 1st quarter. Alhambra Investment Partners LLC now owns 5,273 shares of the credit-card processor’s stock worth $1,169,000 after purchasing an additional 52 shares during the last quarter. 81.49% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Visa news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $212.11, for a total transaction of $1,908,990.00. Following the sale, the chief executive officer now directly owns 156,887 shares in the company, valued at approximately $33,277,301.57. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.21% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

V has been the subject of several research analyst reports. Macquarie reduced their price target on shares of Visa from $270.00 to $260.00 and set an “outperform” rating for the company in a research report on Wednesday, July 27th. Citigroup reduced their price target on shares of Visa from $270.00 to $254.00 in a research report on Tuesday, July 26th. Mizuho dropped their price objective on shares of Visa from $235.00 to $215.00 and set a “neutral” rating for the company in a research note on Friday, July 1st. Truist Financial dropped their price objective on shares of Visa from $275.00 to $250.00 in a research note on Thursday, June 30th. Finally, Morgan Stanley upped their price objective on shares of Visa from $284.00 to $291.00 and gave the company an “overweight” rating in a research note on Wednesday, July 27th. Four analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $257.64.

Visa Price Performance

Visa stock opened at $193.30 on Monday. The firm has a market cap of $365.42 billion, a PE ratio of 28.51, a price-to-earnings-growth ratio of 1.56 and a beta of 0.90. Visa Inc. has a 52-week low of $185.91 and a 52-week high of $236.96. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.63. The company’s 50 day moving average is $207.53 and its two-hundred day moving average is $207.32.

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Friday, August 12th were issued a dividend of $0.375 per share. The ex-dividend date was Thursday, August 11th. This represents a $1.50 dividend on an annualized basis and a yield of 0.78%. Visa’s dividend payout ratio (DPR) is presently 22.12%.

Visa Profile

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Visa Inc operates as a payments technology company worldwide. The company facilitates digital payments among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions.

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