Peterson Wealth Services Buys 684 Shares of Visa Inc. (NYSE:V) #Peterson #Wealth #Services #Buys #Shares #Visa #NYSEV Welcome to Americanah Blog, here is the new story we have for you today:
Peterson Wealth Services grew its stake in shares of Visa Inc. (NYSE:V – Get Rating) by 4.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,569 shares of the credit-card processor’s stock after buying an additional 684 shares during the period. Visa accounts for about 2.2% of Peterson Wealth Services’ investment portfolio, making the stock its 13th largest position. Peterson Wealth Services’ holdings in Visa were worth $3,065,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently modified their holdings of V. Landmark Wealth Management LLC bought a new stake in shares of Visa during the first quarter valued at approximately $32,000. Rise Advisors LLC bought a new stake in Visa in the fourth quarter worth $35,000. Monumental Financial Group Inc. bought a new stake in Visa in the first quarter worth $35,000. James Investment Research Inc. increased its position in Visa by 1,400.0% in the first quarter. James Investment Research Inc. now owns 180 shares of the credit-card processor’s stock worth $40,000 after purchasing an additional 168 shares during the last quarter. Finally, Rather & Kittrell Inc. bought a new stake in Visa in the fourth quarter worth $43,000. Institutional investors own 81.49% of the company’s stock.
Insider Buying and Selling
In related news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the company’s stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $212.11, for a total value of $1,908,990.00. Following the completion of the sale, the chief executive officer now directly owns 156,887 shares of the company’s stock, valued at $33,277,301.57. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.21% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on V shares. Royal Bank of Canada reduced their price target on shares of Visa from $278.00 to $262.00 in a research report on Wednesday, July 27th. Barclays boosted their price target on shares of Visa from $263.00 to $271.00 and gave the stock an “overweight” rating in a research report on Thursday, July 28th. Susquehanna Bancshares reduced their price target on shares of Visa from $290.00 to $260.00 in a research report on Thursday, July 28th. Daiwa Capital Markets cut shares of Visa from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $230.00 to $225.00 in a research report on Tuesday, August 16th. Finally, 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. Four equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat, Visa has a consensus rating of “Moderate Buy” and an average target price of $257.64.
Visa Stock Down 0.1 %
Shares of V opened at $193.13 on Tuesday. The firm has a market capitalization of $365.10 billion, a P/E ratio of 28.49, a P/E/G ratio of 1.56 and a beta of 0.90. Visa Inc. has a 12-month low of $185.91 and a 12-month high of $236.96. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.63. The firm has a fifty day moving average price of $207.53 and a 200-day moving average price of $207.32.
Visa Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Friday, August 12th were paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date was Thursday, August 11th. Visa’s dividend payout ratio (DPR) is presently 22.12%.
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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