Visa Inc (NYSE:V) Shares Acquired by Price Wealth LLC

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Price Wealth LLC lifted its holdings in shares of Visa Inc (NYSE:V) by 729.5% during the third quarter, Holdings Channel.com reports. The fund owned 1,576 shares of the credit-card processor’s stock after acquiring an additional 1,386 shares during the period. Price Wealth LLC’s holdings in Visa were worth $315,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. BlackRock Inc. grew its holdings in shares of Visa by 2.3% during the second quarter. BlackRock Inc. now owns 126,278,384 shares of the credit-card processor’s stock valued at $24,393,195,000 after buying an additional 2,819,598 shares during the last quarter. Fisher Asset Management LLC grew its stake in Visa by 3.2% during the 2nd quarter. Fisher Asset Management LLC now owns 20,979,235 shares of the credit-card processor’s stock valued at $4,052,559,000 after purchasing an additional 660,147 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Visa by 1.6% in the second quarter. Bank of New York Mellon Corp now owns 16,917,898 shares of the credit-card processor’s stock valued at $3,268,029,000 after purchasing an additional 260,069 shares during the period. Nuveen Asset Management LLC raised its stake in shares of Visa by 5.6% in the second quarter. Nuveen Asset Management LLC now owns 16,193,092 shares of the credit-card processor’s stock worth $3,128,020,000 after purchasing an additional 862,914 shares during the last quarter. Finally, Swiss National Bank lifted its holdings in shares of Visa by 0.8% during the second quarter. Swiss National Bank now owns 7,448,494 shares of the credit-card processor’s stock worth $1,438,826,000 after purchasing an additional 62,100 shares during the period. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Several brokerages recently weighed in on V. Wells Fargo & Company increased their price target on shares of Visa from $205.00 to $220.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. Wedbush reiterated a “buy” rating and issued a $220.00 price objective on shares of Visa in a research note on Monday, October 5th. Barclays boosted their target price on shares of Visa from $225.00 to $235.00 and gave the company an “overweight” rating in a research report on Wednesday. Raymond James increased their price target on Visa from $204.00 to $217.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $243.00 price objective on shares of Visa in a research note on Sunday, October 11th. Six analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $215.62.

In other news, Director Lloyd Carney sold 1,550 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $192.64, for a total value of $298,592.00. Following the completion of the sale, the director now owns 2,962 shares of the company’s stock, valued at approximately $570,599.68. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Alfred F. Kelly, Jr. sold 7,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $195.00, for a total transaction of $1,365,000.00. Following the sale, the chief executive officer now owns 130,090 shares of the company’s stock, valued at approximately $25,367,550. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 118,122 shares of company stock valued at $24,748,541. 0.19% of the stock is owned by company insiders.

V stock traded up $0.02 during mid-day trading on Friday, reaching $198.01. The company’s stock had a trading volume of 5,877,238 shares, compared to its average volume of 6,560,352. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.59. The company’s 50 day moving average is $201.72 and its two-hundred day moving average is $193.07. Visa Inc has a fifty-two week low of $133.93 and a fifty-two week high of $217.35. The stock has a market cap of $384.61 billion, a PE ratio of 37.72, a P/E/G ratio of 2.59 and a beta of 0.91.

Visa (NYSE:V) last posted its quarterly earnings results on Tuesday, July 28th. The credit-card processor reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.05. Visa had a return on equity of 40.65% and a net margin of 51.37%. The business had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.85 billion. During the same period in the prior year, the business earned $1.37 earnings per share. The business’s revenue was down 18.6% compared to the same quarter last year. On average, analysts forecast that Visa Inc will post 5.01 earnings per share for the current fiscal year.

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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