Capital Management Corp VA Trims Stake in Visa Inc (NYSE:V)

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Capital Management Corp VA trimmed its holdings in shares of Visa Inc (NYSE:V) by 4.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,499 shares of the credit-card processor’s stock after selling 1,719 shares during the quarter. Visa comprises about 2.2% of Capital Management Corp VA’s holdings, making the stock its 22nd largest position. Capital Management Corp VA’s holdings in Visa were worth $6,899,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the stock. Emerald Advisors LLC boosted its holdings in shares of Visa by 2.1% in the 2nd quarter. Emerald Advisors LLC now owns 2,428 shares of the credit-card processor’s stock worth $469,000 after purchasing an additional 51 shares in the last quarter. BEAM Asset Management LLC lifted its stake in shares of Visa by 2.0% in the 2nd quarter. BEAM Asset Management LLC now owns 2,654 shares of the credit-card processor’s stock valued at $525,000 after acquiring an additional 52 shares during the last quarter. Perennial Investment Advisors LLC lifted its stake in shares of Visa by 2.6% in the 2nd quarter. Perennial Investment Advisors LLC now owns 2,023 shares of the credit-card processor’s stock valued at $391,000 after acquiring an additional 52 shares during the last quarter. Trellis Advisors LLC lifted its stake in shares of Visa by 2.2% in the 2nd quarter. Trellis Advisors LLC now owns 2,419 shares of the credit-card processor’s stock valued at $467,000 after acquiring an additional 52 shares during the last quarter. Finally, Atlas Private Wealth Management lifted its stake in shares of Visa by 0.6% in the 2nd quarter. Atlas Private Wealth Management now owns 9,459 shares of the credit-card processor’s stock valued at $1,827,000 after acquiring an additional 53 shares during the last quarter. Institutional investors and hedge funds own 80.74% of the company’s stock.

Shares of Visa stock traded up $2.10 during midday trading on Thursday, hitting $182.97. The company had a trading volume of 439,575 shares, compared to its average volume of 10,047,374. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.55 and a current ratio of 1.55. The stock has a market capitalization of $351.32 billion, a P/E ratio of 35.08, a P/E/G ratio of 2.59 and a beta of 0.91. The company has a 50 day moving average of $200.71 and a 200 day moving average of $193.76. Visa Inc has a 52-week low of $133.93 and a 52-week high of $217.35.

Visa (NYSE:V) last posted its quarterly earnings results on Wednesday, October 28th. The credit-card processor reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.03. Visa had a return on equity of 40.65% and a net margin of 51.37%. Equities research analysts forecast that Visa Inc will post 5.01 EPS for the current year.

In other Visa news, Director Lloyd Carney sold 1,550 shares of the stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $192.64, for a total transaction of $298,592.00. Following the sale, the director now directly owns 2,962 shares in the company, valued at approximately $570,599.68. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Rajat Taneja sold 45,036 shares of the stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $210.00, for a total value of $9,457,560.00. Insiders sold a total of 111,122 shares of company stock worth $23,383,541 in the last 90 days. 0.19% of the stock is currently owned by company insiders.

V has been the subject of a number of recent research reports. Wedbush reissued a “buy” rating and issued a $220.00 target price on shares of Visa in a research note on Monday, October 5th. Royal Bank of Canada reissued a “buy” rating and issued a $243.00 target price on shares of Visa in a research note on Sunday, October 11th. The Goldman Sachs Group initiated coverage on Visa in a research note on Tuesday, July 14th. They issued a “buy” rating and a $223.00 target price for the company. Wells Fargo & Company lowered their target price on Visa from $230.00 to $210.00 and set an “overweight” rating for the company in a research note on Thursday. Finally, Barclays upped their price target on Visa from $225.00 to $235.00 and gave the company an “overweight” rating in a research report on Wednesday, October 21st. Six analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $216.79.

Visa Company Profile

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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