Family Capital Trust Co reduced its holdings in Visa Inc (NYSE:V) by 0.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 40,089 shares of the credit-card processor’s stock after selling 229 shares during the period. Visa comprises 2.8% of Family Capital Trust Co’s holdings, making the stock its 3rd largest position. Family Capital Trust Co’s holdings in Visa were worth $6,896,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Krane Funds Advisors LLC acquired a new stake in shares of Visa in the second quarter worth approximately $26,000. Lowe Wealth Advisors LLC boosted its position in shares of Visa by 114.7% during the 2nd quarter. Lowe Wealth Advisors LLC now owns 161 shares of the credit-card processor’s stock worth $28,000 after acquiring an additional 86 shares in the last quarter. Personal Wealth Partners acquired a new position in shares of Visa during the 2nd quarter worth about $30,000. Mcmillion Capital Management Inc. acquired a new position in shares of Visa during the 2nd quarter worth about $38,000. Finally, Hexavest Inc. acquired a new position in shares of Visa during the 2nd quarter worth about $40,000. 81.02% of the stock is currently owned by institutional investors.
V has been the subject of several analyst reports. KeyCorp upped their price objective on Visa from $190.00 to $195.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. SunTrust Banks upped their price objective on Visa to $205.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Jefferies Financial Group upped their price objective on Visa from $190.00 to $210.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Barclays upped their target price on Visa from $181.00 to $195.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. Finally, Robert W. Baird set a $196.00 target price on Visa and gave the company a “buy” rating in a research report on Friday, July 19th. Three equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $196.57.
V traded down $2.29 on Wednesday, hitting $176.46. 784,002 shares of the company traded hands, compared to its average volume of 8,335,472. The company has a 50 day moving average of $177.13 and a 200-day moving average of $171.13. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $351.27 billion, a PE ratio of 38.28, a PEG ratio of 1.82 and a beta of 0.96. Visa Inc has a 12-month low of $121.60 and a 12-month high of $187.05.
Visa (NYSE:V) last posted its quarterly earnings data on Tuesday, July 23rd. The credit-card processor reported $1.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.33 by $0.04. The firm had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.70 billion. Visa had a return on equity of 41.04% and a net margin of 53.43%. The firm’s revenue was up 11.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.20 EPS. On average, research analysts anticipate that Visa Inc will post 5.41 EPS for the current year.
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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