Family Capital Trust Co Sells 229 Shares of Visa Inc (NYSE:V)

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.

In other news, insider Vasant M. Prabhu sold 25,051 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $181.14, for a total transaction of $4,537,738.14. Following the completion of the transaction, the insider now directly owns 62,223 shares of the company’s stock, valued at approximately $11,271,074.22. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Denise M. Morrison bought 1,000 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were acquired at an average cost of $171.13 per share, with a total value of $171,130.00. Following the completion of the purchase, the director now owns 3,223 shares in the company, valued at approximately $551,551.99. The disclosure for this purchase can be found here. 0.17% of the stock is owned by corporate insiders.

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 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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