Farmers Trust Co. Grows Stock Position in Visa Inc (NYSE:V)

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Farmers Trust Co. increased its stake in shares of Visa Inc (NYSE:V) by 13.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 38,413 shares of the credit-card processor’s stock after acquiring an additional 4,495 shares during the quarter. Visa makes up about 1.9% of Farmers Trust Co.’s investment portfolio, making the stock its 12th largest position. Farmers Trust Co.’s holdings in Visa were worth $7,218,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Schroder Investment Management Group increased its stake in Visa by 2.5% during the second quarter. Schroder Investment Management Group now owns 3,872,913 shares of the credit-card processor’s stock worth $672,142,000 after acquiring an additional 95,302 shares during the last quarter. Principle Wealth Partners LLC increased its stake in Visa by 28.9% during the third quarter. Principle Wealth Partners LLC now owns 35,430 shares of the credit-card processor’s stock worth $6,094,000 after acquiring an additional 7,954 shares during the last quarter. Central Bank & Trust Co. increased its stake in Visa by 0.5% during the third quarter. Central Bank & Trust Co. now owns 55,570 shares of the credit-card processor’s stock worth $9,559,000 after acquiring an additional 270 shares during the last quarter. Valley Forge Capital Management LP increased its stake in Visa by 3.0% during the third quarter. Valley Forge Capital Management LP now owns 482,922 shares of the credit-card processor’s stock worth $83,067,000 after acquiring an additional 14,000 shares during the last quarter. Finally, West Branch Capital LLC increased its stake in Visa by 108.5% during the fourth quarter. West Branch Capital LLC now owns 17,838 shares of the credit-card processor’s stock worth $3,352,000 after acquiring an additional 9,282 shares during the last quarter. Hedge funds and other institutional investors own 81.08% of the company’s stock.

In related news, EVP William M. Sheedy sold 21,164 shares of the business’s stock in a transaction on 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 completion of the transaction, the executive vice president now directly owns 227,126 shares of the company’s stock, valued at approximately $40,589,687.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP William M. Sheedy sold 3,110 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $182.52, for a total value of $567,637.20. Following the transaction, the executive vice president now directly owns 227,740 shares of the company’s stock, valued at $41,567,104.80. The disclosure for this sale can be found here. Insiders sold 58,480 shares of company stock valued at $10,606,182 over the last ninety days. Insiders own 0.17% of the company’s stock.

Several equities research analysts have issued reports on V shares. Oppenheimer reissued a “buy” rating and set a $202.00 target price on shares of Visa in a research note on Tuesday. Guggenheim set a $194.00 target price on Visa and gave the stock a “buy” rating in a research note on Friday, October 25th. BMO Capital Markets cut their target price on Visa from $239.00 to $232.00 and set an “outperform” rating for the company in a research note on Wednesday. Wedbush raised their target price on Visa from $195.00 to $215.00 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, William Blair reissued an “outperform” rating on shares of Visa in a research note on Tuesday. Three analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. Visa currently has an average rating of “Buy” and a consensus target price of $204.58.

Shares of NYSE V opened at $199.80 on Thursday. Visa Inc has a twelve month low of $133.30 and a twelve month high of $200.15. 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 stock has a fifty day simple moving average of $187.32 and a 200-day simple moving average of $180.29. The stock has a market capitalization of $385.85 billion, a PE ratio of 36.73, a PEG ratio of 2.01 and a beta of 0.93.

Visa (NYSE:V) last issued its quarterly earnings data on Thursday, October 24th. The credit-card processor reported $1.47 earnings per share for the quarter, beating the Zacks’ 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 business had revenue of $6.14 billion during the quarter, compared to analysts’ expectations of $6.08 billion. During the same period in the previous year, the firm posted $1.21 earnings per share. The company’s revenue was up 12.9% on a year-over-year basis. On average, equities analysts predict that Visa Inc will post 6.2 earnings per share for the current 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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Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc (NYSE:V).

Institutional Ownership by Quarter for Visa (NYSE:V)

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