Puzo Michael J Decreases Holdings in Visa Inc (NYSE:V)

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Puzo Michael J decreased its position in Visa Inc (NYSE:V) by 5.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,605 shares of the credit-card processor’s stock after selling 370 shares during the quarter. Puzo Michael J’s holdings in Visa were worth $1,240,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Selective Wealth Management Inc. bought a new position in shares of Visa during the third quarter valued at about $47,000. Investors Research Corp boosted its holdings in shares of Visa by 40.2% during the third quarter. Investors Research Corp now owns 279 shares of the credit-card processor’s stock worth $48,000 after purchasing an additional 80 shares during the period. NewSquare Capital LLC grew its stake in shares of Visa by 29.2% in the third quarter. NewSquare Capital LLC now owns 310 shares of the credit-card processor’s stock worth $53,000 after purchasing an additional 70 shares during the last quarter. JJJ Advisors Inc. grew its stake in shares of Visa by 203.4% in the third quarter. JJJ Advisors Inc. now owns 358 shares of the credit-card processor’s stock worth $62,000 after purchasing an additional 240 shares during the last quarter. Finally, Winthrop Partners WNY LLC bought a new stake in shares of Visa in the third quarter worth about $71,000. 81.08% of the stock is owned by institutional investors and hedge funds.

Several research firms have weighed in on V. Wells Fargo & Co increased their price objective on Visa from $200.00 to $213.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. Nomura boosted their target price on Visa from to and gave the company a “buy” rating in a research note on Monday. Guggenheim set a $194.00 target price on Visa and gave the company a “buy” rating in a research note on Friday, October 25th. Wedbush upped their target price on Visa from $195.00 to $215.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, Morgan Stanley raised their price target on Visa from $207.00 to $220.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. Three equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. Visa has an average rating of “Buy” and an average target price of $204.58.

In related news, CEO Alfred F. Kelly, Jr. sold 7,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $177.79, for a total value of $1,244,530.00. Following the sale, the chief executive officer now owns 55,446 shares in the company, valued at approximately $9,857,744.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP William M. Sheedy sold 21,164 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The stock was 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 58,480 shares of company stock valued at $10,606,182. 0.17% of the stock is owned by company insiders.

Shares of V stock opened at $199.80 on Thursday. The business’s fifty day moving average is $187.32 and its 200 day moving average is $180.29. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.57. The stock has a market cap of $386.09 billion, a price-to-earnings ratio of 36.73, a PEG ratio of 2.04 and a beta of 0.93. Visa Inc has a twelve month low of $133.30 and a twelve month high of $200.15.

Visa (NYSE:V) last announced its quarterly earnings data on Thursday, October 24th. The credit-card processor reported $1.47 EPS for the quarter, beating the 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 analyst estimates of $6.08 billion. During the same quarter last year, the firm posted $1.21 earnings per share. The company’s revenue for the quarter was up 12.9% on a year-over-year basis. Equities research analysts expect that Visa Inc will post 6.2 earnings per share for the current fiscal 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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Institutional Ownership by Quarter for Visa (NYSE:V)

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