180 Wealth Advisors LLC boosted its position in shares of Visa Inc (NYSE:V) by 8.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 9,686 shares of the credit-card processor’s stock after purchasing an additional 726 shares during the period. Visa comprises 0.8% of 180 Wealth Advisors LLC’s holdings, making the stock its 25th largest holding. 180 Wealth Advisors LLC’s holdings in Visa were worth $1,935,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in V. Selective Wealth Management Inc. acquired a new stake in shares of Visa in the third quarter worth about $47,000. Investors Research Corp lifted its position in shares of Visa by 40.2% in 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 during the last quarter. NewSquare Capital LLC lifted its position in shares of Visa by 29.2% in 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 during the last quarter. Price Capital Management Inc. acquired a new stake in shares of Visa in the fourth quarter worth about $57,000. Finally, JJJ Advisors Inc. lifted its position in shares of Visa by 203.4% in 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 during the last quarter. 81.08% of the stock is owned by hedge funds and other institutional investors.
In related news, EVP William M. Sheedy sold 21,164 shares of the business’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $178.71, for a total transaction of $3,782,218.44. Following the transaction, the executive vice president now directly owns 227,126 shares in the company, valued at $40,589,687.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Alfred F. Kelly, Jr. sold 7,000 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now owns 55,446 shares in the company, valued at $9,857,744.34. The disclosure for this sale can be found here. Insiders have sold 58,480 shares of company stock worth $10,606,182 over the last 90 days. Corporate insiders own 0.17% of the company’s stock.
V traded up $1.35 on Friday, hitting $202.30. 2,524,775 shares of the stock traded hands, compared to its average volume of 7,776,800. Visa Inc has a 52 week low of $133.30 and a 52 week high of $201.50. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $386.09 billion, a PE ratio of 37.19, a P/E/G ratio of 2.04 and a beta of 0.93. The business has a fifty day moving average price of $187.66 and a two-hundred day moving average price of $180.43.
Visa (NYSE:V) last issued its quarterly earnings results on Thursday, October 24th. The credit-card processor reported $1.47 earnings per share (EPS) for the quarter, beating the 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 firm had revenue of $6.14 billion for the quarter, compared to analyst estimates of $6.08 billion. During the same period in the previous year, the company posted $1.21 earnings per share. The company’s quarterly revenue was up 12.9% compared to the same quarter last year. On average, equities research analysts forecast that Visa Inc will post 6.2 EPS for the current fiscal 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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