180 Wealth Advisors LLC Has $1.94 Million Stock Position in Visa Inc (NYSE:V)

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.

A number of brokerages have weighed in on V. Morgan Stanley boosted their price target on Visa from $207.00 to $220.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. William Blair reissued an “outperform” rating on shares of Visa in a research report on Tuesday. Compass Point initiated coverage on Visa in a research report on Thursday, December 5th. They set a “buy” rating for the company. Raymond James boosted their price objective on Visa from $193.00 to $205.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Finally, Jefferies Financial Group set a $210.00 price objective on Visa and gave the stock a “buy” rating in a research report on Friday, October 25th. Three research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. Visa presently has a consensus rating of “Buy” and an average target price of $204.92.

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 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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