Visa Inc (NYSE:V) Shares Acquired by 6 Meridian

6 Meridian increased its stake in shares of Visa Inc (NYSE:V) by 0.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 38,508 shares of the credit-card processor’s stock after buying an additional 163 shares during the quarter. 6 Meridian’s holdings in Visa were worth $7,236,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in V. Vanguard Group Inc. boosted its stake in shares of Visa by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 146,976,797 shares of the credit-card processor’s stock worth $25,507,824,000 after acquiring an additional 1,615,505 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Visa by 2.3% during the 2nd quarter. BlackRock Inc. now owns 123,791,138 shares of the credit-card processor’s stock worth $21,483,952,000 after acquiring an additional 2,773,330 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Visa by 0.5% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 78,658,915 shares of the credit-card processor’s stock worth $13,651,254,000 after acquiring an additional 379,577 shares in the last quarter. Fisher Asset Management LLC boosted its stake in shares of Visa by 2.1% during the 3rd quarter. Fisher Asset Management LLC now owns 20,200,734 shares of the credit-card processor’s stock worth $3,474,728,000 after acquiring an additional 419,991 shares in the last quarter. Finally, Nuveen Asset Management LLC boosted its stake in shares of Visa by 3,715.7% during the 2nd quarter. Nuveen Asset Management LLC now owns 16,291,965 shares of the credit-card processor’s stock worth $2,827,471,000 after acquiring an additional 15,864,991 shares in the last quarter. 81.08% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts recently issued reports on V shares. Raymond James lifted 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. Guggenheim set a $194.00 price objective on Visa and gave the stock a “buy” rating in a research report on Friday, October 25th. Moffett Nathanson lifted their price objective on Visa from to in a research report on Tuesday, January 7th. Compass Point started coverage on Visa in a research report on Thursday, December 5th. They set a “buy” rating for the company. Finally, BMO Capital Markets lifted their price objective on Visa from $231.00 to $239.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Three investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. Visa currently has a consensus rating of “Buy” and a consensus price target of $203.79.

NYSE:V opened at $195.33 on Tuesday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.56 and a quick ratio of 1.56. The firm has a 50-day moving average of $186.67 and a two-hundred day moving average of $180.02. The stock has a market cap of $381.60 billion, a P/E ratio of 35.91, a PEG ratio of 2.01 and a beta of 0.93. Visa Inc has a 1-year low of $133.30 and a 1-year high of $195.60.

Visa (NYSE:V) last issued its earnings results on Thursday, October 24th. The credit-card processor reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.04. The business had revenue of $6.14 billion for the quarter, compared to analyst estimates of $6.08 billion. Visa had a net margin of 52.57% and a return on equity of 42.57%. The company’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.21 EPS. As a group, equities analysts expect that Visa Inc will post 6.2 earnings per share for the current year.

In other Visa news, EVP William M. Sheedy sold 21,164 shares of the stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $178.71, for a total value of $3,782,218.44. Following the completion of the sale, the executive vice president now owns 227,126 shares in the company, valued at approximately $40,589,687.46. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Alfred F. Kelly, Jr. sold 7,000 shares of the stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $177.79, for a total transaction of $1,244,530.00. Following the completion of the sale, the chief executive officer now owns 55,446 shares of the company’s stock, valued at approximately $9,857,744.34. The disclosure for this sale can be found here. In the last 90 days, insiders sold 58,480 shares of company stock valued at $10,606,182. 0.17% of the stock is owned by insiders.

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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