Ameliora Wealth Management Ltd. Acquires 846 Shares of Visa Inc. (NYSE:V)

Ameliora Wealth Management Ltd. raised its stake in shares of Visa Inc. (NYSE:V) by 6.0% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 14,831 shares of the credit-card processor’s stock after purchasing an additional 846 shares during the period. Visa accounts for about 2.0% of Ameliora Wealth Management Ltd.’s investment portfolio, making the stock its 14th biggest holding. Ameliora Wealth Management Ltd.’s holdings in Visa were worth $5,198,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in V. Bradley & Co. Private Wealth Management LLC bought a new position in shares of Visa during the fourth quarter worth $27,000. POM Investment Strategies LLC boosted its holdings in shares of Visa by 48.5% during the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock valued at $31,000 after purchasing an additional 32 shares during the last quarter. Compass Planning Associates Inc bought a new position in shares of Visa during the 4th quarter valued at about $32,000. FPC Investment Advisory Inc. boosted its holdings in shares of Visa by 377.3% during the 4th quarter. FPC Investment Advisory Inc. now owns 105 shares of the credit-card processor’s stock valued at $36,000 after purchasing an additional 83 shares during the last quarter. Finally, NewSquare Capital LLC bought a new position in Visa during the fourth quarter valued at approximately $35,000. 82.15% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $350.44, for a total value of $3,020,792.80. Following the completion of the transaction, the chief executive officer now directly owns 537 shares in the company, valued at approximately $188,186.28. The trade was a 94.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Paul D. Fabara sold 46,214 shares of the business’s stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $370.00, for a total transaction of $17,099,180.00. Following the completion of the transaction, the insider now owns 26,413 shares of the company’s stock, valued at $9,772,810. This represents a 63.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 168,162 shares of company stock valued at $58,645,479 over the last 90 days. Corporate insiders own 0.13% of the company’s stock.

Visa Trading Down 0.9%

Shares of NYSE V opened at $366.72 on Tuesday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The business has a fifty day simple moving average of $345.86 and a two-hundred day simple moving average of $336.28. The firm has a market cap of $676.66 billion, a PE ratio of 36.97, a price-to-earnings-growth ratio of 2.33 and a beta of 0.94. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $371.00.

Visa (NYSE:V) last posted its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 EPS for the quarter, beating the consensus estimate of $2.68 by $0.08. Visa had a net margin of 54.27% and a return on equity of 54.79%. The business had revenue of $9.59 billion during the quarter, compared to analyst estimates of $9.57 billion. During the same quarter in the previous year, the business posted $2.51 EPS. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. Analysts expect that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 13th were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date of this dividend was Tuesday, May 13th. Visa’s dividend payout ratio (DPR) is 23.72%.

Wall Street Analysts Forecast Growth

V has been the subject of a number of research reports. Mizuho raised Visa from a “neutral” rating to an “outperform” rating and increased their price target for the company from $359.00 to $425.00 in a research note on Thursday, June 5th. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Visa in a research report on Thursday, February 13th. William Blair reiterated an “outperform” rating on shares of Visa in a research report on Wednesday, April 30th. Truist Financial began coverage on shares of Visa in a research report on Monday, June 2nd. They set a “buy” rating and a $400.00 price objective for the company. Finally, Oppenheimer reiterated an “outperform” rating on shares of Visa in a research report on Thursday, February 13th. Five research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $372.80.

Visa Profile

Visa Inc operates as a payment technology company in the United States and internationally. 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, 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 consumer payments solution; 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.