Schwab Charitable Fund Increases Stock Holdings in Visa Inc (NYSE:V)

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Schwab Charitable Fund grew its stake in Visa Inc (NYSE:V) by 6.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,080 shares of the credit-card processor’s stock after purchasing an additional 180 shares during the period. Visa makes up approximately 0.3% of Schwab Charitable Fund’s portfolio, making the stock its 16th biggest holding. Schwab Charitable Fund’s holdings in Visa were worth $579,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. grew its holdings in Visa by 2.3% in the second quarter. BlackRock Inc. now owns 123,791,138 shares of the credit-card processor’s stock valued at $21,483,952,000 after purchasing an additional 2,773,330 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in 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 valued at $13,651,254,000 after acquiring an additional 379,577 shares in the last quarter. Fisher Asset Management LLC increased its holdings in 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 valued at $3,474,728,000 after acquiring an additional 419,991 shares in the last quarter. Nuveen Asset Management LLC raised its position in Visa by 3,715.7% during the second 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 during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its position in shares of Visa by 1.4% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 7,183,293 shares of the credit-card processor’s stock valued at $1,235,598,000 after purchasing an additional 100,817 shares during the last quarter. Institutional investors and hedge funds own 81.08% of the company’s stock.

In other news, EVP William M. Sheedy sold 21,164 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 227,126 shares in the company, valued at approximately $40,589,687.46. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Alfred F. Kelly, Jr. sold 7,000 shares of Visa stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $177.79, for a total value 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. Insiders have sold 58,480 shares of company stock valued at $10,606,182 in the last ninety days. 0.17% of the stock is currently owned by company insiders.

NYSE V opened at $199.80 on Thursday. The company has a market cap of $386.09 billion, a P/E ratio of 36.73, a P/E/G ratio of 2.04 and a beta of 0.93. Visa Inc has a 12 month low of $133.30 and a 12 month high of $200.15. 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 company has a 50-day moving average of $187.32 and a 200-day moving average of $180.29.

Visa (NYSE:V) last released its earnings results on Thursday, October 24th. The credit-card processor reported $1.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.43 by $0.04. Visa had a net margin of 52.57% and a return on equity of 42.57%. The business had revenue of $6.14 billion for the quarter, compared to analysts’ expectations of $6.08 billion. During the same period last year, the company earned $1.21 earnings per share. The company’s quarterly revenue was up 12.9% on a year-over-year basis. As a group, equities research analysts anticipate that Visa Inc will post 6.2 EPS for the current year.

Several research analysts recently issued reports on the company. Oppenheimer restated a “buy” rating and set a $202.00 price objective on shares of Visa in a research report on Tuesday. William Blair reiterated an “outperform” rating on shares of Visa in a report on Tuesday. Raymond James increased their target price on Visa from $193.00 to $205.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Guggenheim set a $194.00 price objective on Visa and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, Nomura lifted their price objective on Visa from to and gave the stock a “buy” rating in a research report on Monday. Three equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $204.58.

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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