Livingston Group Asset Management CO operating as Southport Capital Management lessened its stake in Visa Inc (NYSE:V) by 1.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,398 shares of the credit-card processor’s stock after selling 85 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management’s holdings in Visa were worth $826,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the company. Occidental Asset Management LLC acquired a new position in shares of Visa during the fourth quarter valued at $206,000. Sciencast Management LP lifted its stake in shares of Visa by 9.7% during the fourth quarter. Sciencast Management LP now owns 15,861 shares of the credit-card processor’s stock valued at $3,045,000 after acquiring an additional 1,399 shares during the period. Red Spruce Capital LLC acquired a new position in shares of Visa during the fourth quarter valued at $575,000. IMS Capital Management lifted its stake in shares of Visa by 1.4% during the fourth quarter. IMS Capital Management now owns 11,283 shares of the credit-card processor’s stock valued at $2,120,000 after acquiring an additional 156 shares during the period. Finally, AE Wealth Management LLC lifted its stake in shares of Visa by 12.1% during the fourth quarter. AE Wealth Management LLC now owns 119,514 shares of the credit-card processor’s stock valued at $22,457,000 after acquiring an additional 12,913 shares during the period. Institutional investors own 81.08% of the company’s stock.
In related news, EVP William M. Sheedy sold 21,164 shares of Visa stock in a transaction 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 transaction, the executive vice president now directly owns 227,126 shares of the company’s stock, valued at $40,589,687.46. The sale 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 Visa stock in a transaction 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 transaction, the chief executive officer now directly owns 55,446 shares in the company, valued at $9,857,744.34. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 58,480 shares of company stock valued at $10,606,182. 0.17% of the stock is currently owned by company insiders.
NYSE V traded up $0.62 on Thursday, hitting $200.42. The company’s stock had a trading volume of 2,941,395 shares, compared to its average volume of 5,993,467. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.57. Visa Inc has a 1-year low of $133.30 and a 1-year high of $200.15. The company’s 50-day moving average is $187.32 and its 200 day moving average is $180.29. The firm has a market cap of $386.09 billion, a PE ratio of 36.84, a PEG ratio of 2.04 and a beta of 0.93.
Visa (NYSE:V) last posted its quarterly earnings data on Thursday, October 24th. The credit-card processor reported $1.47 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.43 by $0.04. The business had revenue of $6.14 billion for the quarter, compared to analysts’ expectations of $6.08 billion. Visa had a return on equity of 42.57% and a net margin of 52.57%. The business’s revenue was up 12.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.21 earnings per share. On average, equities analysts expect that Visa Inc will post 6.2 EPS for the current year.
Several brokerages have recently issued reports on V. Moffett Nathanson upped their price target on Visa from to in a research note on Tuesday, January 7th. Guggenheim set a $194.00 target price on Visa and gave the stock a “buy” rating in a report on Friday, October 25th. Wedbush boosted their target price on Visa from $195.00 to $215.00 and gave the stock an “outperform” rating in a research report on Tuesday. Morgan Stanley upped their price target on Visa from $207.00 to $220.00 and gave the company an “overweight” rating in a research note on Monday, December 16th. Finally, Oppenheimer upped their price target on Visa from $202.00 to $210.00 and gave the company an “outperform” rating in a research note on Thursday. Three research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $204.92.
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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