Visa Inc (V) Shares Sold by Middleton & Co Inc MA
Middleton & Co Inc MA lowered its stake in Visa Inc (NYSE:V) by 1.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 125,703 shares of the credit-card processor’s stock after selling 1,862 shares during the quarter. Visa makes up 2.4% of Middleton & Co Inc MA’s portfolio, making the stock its 7th biggest holding. Middleton & Co Inc MA’s holdings in Visa were worth $13,229,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in V. Cordasco Financial Network bought a new stake in shares of Visa during the 3rd quarter valued at $105,000. Motco boosted its holdings in shares of Visa by 25.1% during the 2nd quarter. Motco now owns 1,176 shares of the credit-card processor’s stock valued at $110,000 after buying an additional 236 shares in the last quarter. BDO Wealth Advisors LLC bought a new stake in shares of Visa during the 2nd quarter valued at $115,000. Mascoma Wealth Management LLC bought a new stake in shares of Visa during the 2nd quarter valued at $122,000. Finally, MPS Loria Financial Planners LLC bought a new stake in shares of Visa during the 2nd quarter valued at $123,000. Institutional investors and hedge funds own 81.50% of the company’s stock.
In other Visa news, SVP James H. Hoffmeister sold 2,146 shares of the business’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $112.09, for a total value of $240,545.14. Following the completion of the transaction, the senior vice president now owns 687 shares of the company’s stock, valued at approximately $77,005.83. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Tullier Kelly Mahon sold 49,702 shares of the business’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $113.66, for a total value of $5,649,129.32. Following the completion of the transaction, the executive vice president now directly owns 76,202 shares of the company’s stock, valued at approximately $8,661,119.32. The disclosure for this sale can be found here. In the last three months, insiders sold 58,068 shares of company stock valued at $6,597,262. 0.14% of the stock is owned by insiders.
V has been the topic of a number of research reports. Wells Fargo & Co upgraded shares of Visa from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $107.01 to $120.00 in a report on Tuesday, October 10th. KeyCorp restated a “buy” rating and set a $118.00 target price on shares of Visa in a report on Wednesday, October 18th. Barclays boosted their target price on shares of Visa from $114.00 to $123.00 and gave the company an “overweight” rating in a report on Wednesday, October 18th. Morgan Stanley boosted their target price on shares of Visa from $114.00 to $125.00 and gave the company an “overweight” rating in a report on Friday, October 20th. Finally, Zacks Investment Research cut shares of Visa from a “buy” rating to a “hold” rating in a report on Tuesday, December 26th. Three analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $119.53.
Visa Inc (NYSE V) opened at $118.86 on Friday. Visa Inc has a 52-week low of $80.51 and a 52-week high of $119.00. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.90 and a quick ratio of 1.90. The firm has a market capitalization of $269,360.00, a PE ratio of 42.45, a price-to-earnings-growth ratio of 1.69 and a beta of 0.99.
Visa (NYSE:V) last issued its earnings results on Wednesday, October 25th. The credit-card processor reported $0.90 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.05. Visa had a return on equity of 31.80% and a net margin of 36.49%. The business had revenue of $4.86 billion during the quarter, compared to analyst estimates of $4.63 billion. During the same quarter in the previous year, the firm earned $0.78 EPS. Visa’s revenue was up 13.9% on a year-over-year basis. equities analysts forecast that Visa Inc will post 4.07 earnings per share for the current year.
Visa Company Profile
Visa Inc (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the participants.
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