HBW Advisory Services LLC Takes $2.84 Million Position in Visa Inc (NYSE:V)

HBW Advisory Services LLC purchased a new stake in Visa Inc (NYSE:V) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 16,514 shares of the credit-card processor’s stock, valued at approximately $2,842,000. Visa comprises approximately 2.7% of HBW Advisory Services LLC’s investment portfolio, making the stock its 8th largest holding.

Other institutional investors and hedge funds have also modified their holdings of the company. Krane Funds Advisors LLC bought a new stake in shares of Visa in the 2nd quarter valued at about $26,000. Lowe Wealth Advisors LLC grew its position in shares of Visa by 114.7% in the 2nd quarter. Lowe Wealth Advisors LLC now owns 161 shares of the credit-card processor’s stock valued at $28,000 after buying an additional 86 shares during the last quarter. Personal Wealth Partners bought a new stake in shares of Visa in the 2nd quarter valued at about $30,000. Mcmillion Capital Management Inc. bought a new stake in shares of Visa in the 2nd quarter valued at about $38,000. Finally, Hexavest Inc. bought a new stake in shares of Visa in the 2nd quarter valued at about $40,000. Institutional investors own 80.99% of the company’s stock.

A number of research firms have commented on V. KeyCorp upped their price target on Visa from $190.00 to $195.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. JPMorgan Chase & Co. boosted their price objective on Visa from $166.00 to $182.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Zacks Investment Research downgraded Visa from a “buy” rating to a “hold” rating and set a $180.00 price objective on the stock. in a research note on Saturday, June 15th. Piper Jaffray Companies set a $207.00 price objective on Visa and gave the company a “buy” rating in a research note on Wednesday, July 24th. Finally, SunTrust Banks boosted their price objective on Visa to $205.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Three analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $196.57.

In related news, Director Denise M. Morrison acquired 1,000 shares of the stock in a transaction dated Tuesday, August 6th. The stock was purchased 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 directly owns 3,223 shares in the company, valued at approximately $551,551.99. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Lloyd Carney sold 3,500 shares of the stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $182.73, for a total value of $639,555.00. Following the completion of the sale, the director now directly owns 3,452 shares of the company’s stock, valued at $630,783.96. The disclosure for this sale can be found here. Corporate insiders own 0.17% of the company’s stock.

Shares of Visa stock traded up $3.60 on Friday, hitting $178.48. The company had a trading volume of 2,099,184 shares, compared to its average volume of 8,476,525. The stock has a market capitalization of $342.07 billion, a price-to-earnings ratio of 38.72, a P/E/G ratio of 1.77 and a beta of 0.96. Visa Inc has a 1 year low of $121.60 and a 1 year high of $187.05. The stock has a 50 day moving average of $177.10 and a 200-day moving average of $170.53. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.69 and a current ratio of 1.69.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, July 23rd. The credit-card processor reported $1.37 EPS for the quarter, topping the 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 company’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.20 earnings per share. Equities analysts anticipate that Visa Inc will post 5.41 earnings per share for the current year.

About Visa

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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