Visa Inc (NYSE:V) Holdings Reduced by Nelson Van Denburg & Campbell Wealth Management Group LLC

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Nelson Van Denburg & Campbell Wealth Management Group LLC decreased its position in Visa Inc (NYSE:V) by 0.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 19,249 shares of the credit-card processor’s stock after selling 137 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC’s holdings in Visa were worth $3,310,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Cooper Financial Group acquired a new stake in shares of Visa in the 3rd quarter worth approximately $216,000. Douglass Winthrop Advisors LLC lifted its stake in shares of Visa by 6.5% in the 3rd quarter. Douglass Winthrop Advisors LLC now owns 53,458 shares of the credit-card processor’s stock worth $9,195,000 after acquiring an additional 3,253 shares during the period. TIAA FSB lifted its stake in shares of Visa by 1.1% in the 3rd quarter. TIAA FSB now owns 193,250 shares of the credit-card processor’s stock worth $33,241,000 after acquiring an additional 2,150 shares during the period. Ellevest Inc. lifted its stake in shares of Visa by 17.7% in the 3rd quarter. Ellevest Inc. now owns 664 shares of the credit-card processor’s stock worth $114,000 after acquiring an additional 100 shares during the period. Finally, Mitchell Mcleod Pugh & Williams Inc. lifted its stake in shares of Visa by 15.0% in the 3rd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 1,384 shares of the credit-card processor’s stock worth $238,000 after acquiring an additional 180 shares during the period. Hedge funds and other institutional investors own 80.99% of the company’s stock.

V stock traded up $2.52 on Wednesday, hitting $174.94. 670,511 shares of the company’s stock traded hands, compared to its average volume of 7,694,337. Visa Inc has a 1-year low of $121.60 and a 1-year high of $187.05. The stock has a market cap of $349.13 billion, a price-to-earnings ratio of 37.95, a P/E/G ratio of 1.81 and a beta of 0.96. The stock has a fifty day moving average of $177.29 and a 200-day moving average of $170.32. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.57.

Visa (NYSE:V) last released its earnings results on Tuesday, July 23rd. The credit-card processor reported $1.37 EPS for the quarter, beating the consensus estimate of $1.33 by $0.04. The business had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.70 billion. Visa had a net margin of 53.43% and a return on equity of 41.04%. The business’s quarterly revenue was up 11.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.20 earnings per share. On average, equities research analysts anticipate that Visa Inc will post 5.4 earnings per share for the current fiscal year.

V has been the subject of a number of research analyst reports. UBS Group upped their price target on shares of Visa from $183.00 to $187.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Credit Suisse Group upped their price target on shares of Visa from $200.00 to $203.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 24th. Piper Jaffray Companies set a $207.00 price target on shares of Visa and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Wedbush set a $187.00 price target on shares of Visa and gave the stock a “buy” rating in a research note on Tuesday, September 24th. Finally, Raymond James upped their price target on shares of Visa from $177.00 to $193.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 24th. Three equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $196.57.

In other news, Director Denise M. Morrison purchased 1,000 shares of Visa stock in a transaction that occurred on Tuesday, August 6th. The stock was acquired at an average price of $171.13 per share, for a total transaction of $171,130.00. Following the transaction, the director now owns 3,223 shares in the company, valued at $551,551.99. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lloyd Carney sold 3,500 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $182.73, for a total transaction of $639,555.00. Following the completion of the sale, the director now owns 3,452 shares of the company’s stock, valued at approximately $630,783.96. The disclosure for this sale can be found here. 0.17% of the stock is currently owned by corporate insiders.

About Visa

Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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