Visa Inc (NYSE:V) Shares Sold by Verity & Verity LLC

Verity & Verity LLC decreased its holdings in shares of Visa Inc (NYSE:V) by 4.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,495 shares of the credit-card processor’s stock after selling 242 shares during the quarter. Verity & Verity LLC’s holdings in Visa were worth $1,033,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Selective Wealth Management Inc. bought a new stake in shares of Visa during the third quarter valued at approximately $47,000. Investors Research Corp grew its holdings in Visa by 40.2% during the third quarter. Investors Research Corp now owns 279 shares of the credit-card processor’s stock worth $48,000 after buying an additional 80 shares in the last quarter. NewSquare Capital LLC grew its holdings in Visa by 29.2% during the third quarter. NewSquare Capital LLC now owns 310 shares of the credit-card processor’s stock worth $53,000 after buying an additional 70 shares in the last quarter. JJJ Advisors Inc. grew its holdings in Visa by 203.4% during the third quarter. JJJ Advisors Inc. now owns 358 shares of the credit-card processor’s stock worth $62,000 after buying an additional 240 shares in the last quarter. Finally, Winthrop Partners WNY LLC bought a new stake in Visa during the third quarter worth $71,000. 81.08% of the stock is owned by institutional investors and hedge funds.

In related news, CEO Alfred F. Kelly, Jr. sold 7,000 shares of the business’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $177.79, for a total value of $1,244,530.00. Following the completion of the sale, the chief executive officer now directly owns 55,446 shares of the company’s stock, valued at $9,857,744.34. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP William M. Sheedy sold 21,164 shares of the business’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $178.71, for a total transaction of $3,782,218.44. Following the completion of the sale, the executive vice president now directly owns 227,126 shares of the company’s stock, valued at $40,589,687.46. The disclosure for this sale can be found here. Insiders sold 58,480 shares of company stock worth $10,606,182 over the last 90 days. Company insiders own 0.17% of the company’s stock.

V has been the subject of a number of recent analyst reports. Guggenheim set a $194.00 price objective on Visa and gave the company a “buy” rating in a research note on Friday, October 25th. William Blair restated an “outperform” rating on shares of Visa in a research note on Tuesday. Oppenheimer upped their price objective on Visa from $202.00 to $210.00 and gave the company an “outperform” rating in a research note on Thursday. Raymond James upped their price target on Visa from $193.00 to $205.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Finally, Wells Fargo & Co upped their price target on Visa from $200.00 to $213.00 and gave the company an “overweight” rating in a research report on Monday, January 6th. Three analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $204.92.

V opened at $199.83 on Thursday. The stock has a market cap of $386.09 billion, a PE ratio of 36.73, a PEG ratio of 2.04 and a beta of 0.93. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.57. The business has a 50 day moving average of $187.32 and a 200-day moving average of $180.29. Visa Inc has a 52 week low of $133.30 and a 52 week high of $200.15.

Visa (NYSE:V) last released its earnings results on Thursday, October 24th. The credit-card processor reported $1.47 EPS for the quarter, beating the Zacks’ consensus estimate of $1.43 by $0.04. Visa had a return on equity of 42.57% and a net margin of 52.57%. The company had revenue of $6.14 billion during the quarter, compared to analysts’ expectations of $6.08 billion. During the same quarter last year, the business posted $1.21 EPS. The firm’s revenue for the quarter was up 12.9% compared to the same quarter last year. Equities analysts anticipate that Visa Inc will post 6.2 EPS for the current year.

Visa 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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