Visa Inc (V) Holdings Cut by Private Capital Advisors Inc.

Private Capital Advisors Inc. trimmed its holdings in shares of Visa Inc (NYSE:V) by 65.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,748 shares of the credit-card processor’s stock after selling 42,385 shares during the period. Private Capital Advisors Inc.’s holdings in Visa were worth $2,394,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. lifted its holdings in shares of Visa by 1.3% in the 2nd quarter. BlackRock Inc. now owns 121,549,085 shares of the credit-card processor’s stock valued at $16,099,178,000 after purchasing an additional 1,535,089 shares during the last quarter. FMR LLC lifted its holdings in shares of Visa by 2.9% in the 2nd quarter. FMR LLC now owns 85,466,413 shares of the credit-card processor’s stock valued at $11,320,026,000 after purchasing an additional 2,398,540 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Visa by 3.8% in the 2nd quarter. Fisher Asset Management LLC now owns 17,685,789 shares of the credit-card processor’s stock valued at $2,342,483,000 after purchasing an additional 639,522 shares during the last quarter. Edgewood Management LLC lifted its holdings in shares of Visa by 2.5% in the 2nd quarter. Edgewood Management LLC now owns 15,192,387 shares of the credit-card processor’s stock valued at $2,012,232,000 after purchasing an additional 365,072 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Visa by 10.9% in the 2nd quarter. American Century Companies Inc. now owns 11,098,080 shares of the credit-card processor’s stock valued at $1,469,941,000 after purchasing an additional 1,091,838 shares during the last quarter. 80.15% of the stock is owned by institutional investors.

In other Visa news, EVP William M. Sheedy sold 99,636 shares of the stock in a transaction on Friday, November 2nd. The stock was sold at an average price of $139.28, for a total transaction of $13,877,302.08. Following the transaction, the executive vice president now owns 296,925 shares of the company’s stock, valued at approximately $41,355,714. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP William M. Sheedy sold 3,643 shares of the stock in a transaction on Tuesday, November 20th. The stock was sold at an average price of $133.07, for a total value of $484,774.01. Following the transaction, the executive vice president now directly owns 241,983 shares in the company, valued at approximately $32,200,677.81. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by corporate insiders.

V has been the topic of several recent research reports. Wells Fargo & Co boosted their price target on Visa from $161.00 to $175.00 and gave the company an “outperform” rating in a research report on Monday, October 1st. Zacks Investment Research upgraded Visa from a “hold” rating to a “buy” rating and set a $168.00 price target on the stock in a research report on Tuesday, September 25th. BMO Capital Markets initiated coverage on Visa in a research report on Wednesday, September 26th. They issued an “outperform” rating and a $187.00 price target on the stock. Goldman Sachs Group cut Visa from a “conviction-buy” rating to a “buy” rating and set a $160.00 price target on the stock. in a research report on Monday, September 17th. Finally, Bank of America restated a “buy” rating and issued a $163.00 price target on shares of Visa in a research report on Monday, September 17th. Two investment analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $156.09.

V stock opened at $141.71 on Friday. Visa Inc has a 1 year low of $106.60 and a 1 year high of $151.56. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.61 and a current ratio of 1.61. The company has a market capitalization of $285.17 billion, a P/E ratio of 30.74, a P/E/G ratio of 1.54 and a beta of 1.11.

Visa (NYSE:V) last posted its earnings results on Wednesday, October 24th. The credit-card processor reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.01. Visa had a return on equity of 38.00% and a net margin of 49.98%. The firm had revenue of $5.43 billion for the quarter, compared to analyst estimates of $5.44 billion. Analysts expect that Visa Inc will post 5.32 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 4th. Investors of record on Friday, November 16th will be paid a $0.25 dividend. The ex-dividend date is Thursday, November 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.71%. This is a positive change from Visa’s previous quarterly dividend of $0.21. Visa’s dividend payout ratio is presently 21.69%.

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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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