Visa Inc (V) Shares Sold by Alpha Cubed Investments LLC

Alpha Cubed Investments LLC cut its stake in Visa Inc (NYSE:V) by 5.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 38,529 shares of the credit-card processor’s stock after selling 2,128 shares during the period. Alpha Cubed Investments LLC’s holdings in Visa were worth $5,083,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Highwater Wealth Management LLC bought a new position in shares of Visa during the fourth quarter valued at approximately $33,000. Ironwood Financial llc increased its stake in shares of Visa by 67.5% during the fourth quarter. Ironwood Financial llc now owns 335 shares of the credit-card processor’s stock valued at $44,000 after purchasing an additional 135 shares in the last quarter. Contravisory Investment Management Inc. increased its stake in shares of Visa by 180.9% during the fourth quarter. Contravisory Investment Management Inc. now owns 396 shares of the credit-card processor’s stock valued at $52,000 after purchasing an additional 255 shares in the last quarter. G&S Capital LLC increased its stake in shares of Visa by 86.0% during the fourth quarter. G&S Capital LLC now owns 519 shares of the credit-card processor’s stock valued at $68,000 after purchasing an additional 240 shares in the last quarter. Finally, First Command Bank increased its stake in shares of Visa by 70.8% during the fourth quarter. First Command Bank now owns 1,030 shares of the credit-card processor’s stock valued at $136,000 after purchasing an additional 427 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Shares of V opened at $160.44 on Tuesday. The company has a market cap of $320.46 billion, a P/E ratio of 34.80, a PEG ratio of 1.80 and a beta of 1.00. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.58. Visa Inc has a twelve month low of $119.37 and a twelve month high of $160.48.

Visa (NYSE:V) last announced its quarterly earnings results on Wednesday, January 30th. The credit-card processor reported $1.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.05. Visa had a net margin of 50.61% and a return on equity of 39.32%. The company had revenue of $5.51 billion during the quarter, compared to the consensus estimate of $5.41 billion. During the same quarter last year, the firm earned $1.08 earnings per share. The firm’s quarterly revenue was up 13.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Visa Inc will post 5.32 EPS for the current fiscal year.

In other Visa news, EVP Tullier Kelly Mahon sold 91,046 shares of Visa stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $156.29, for a total value of $14,229,579.34. Following the completion of the sale, the executive vice president now owns 120,602 shares of the company’s stock, valued at approximately $18,848,886.58. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP James H. Hoffmeister sold 6,480 shares of Visa stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $151.00, for a total transaction of $978,480.00. Following the completion of the sale, the senior vice president now directly owns 6,480 shares of the company’s stock, valued at approximately $978,480. The disclosure for this sale can be found here. In the last ninety days, insiders sold 193,531 shares of company stock valued at $28,797,949. 0.17% of the stock is currently owned by insiders.

A number of brokerages have weighed in on V. Nomura raised their target price on shares of Visa from $151.00 to $175.00 in a research note on Thursday, April 11th. Wells Fargo & Co raised their target price on shares of Visa from $161.00 to $181.00 and gave the company an “outperform” rating in a research note on Thursday, April 11th. Jefferies Financial Group raised their target price on shares of Visa from $170.00 to $175.00 and gave the company a “buy” rating in a research note on Monday, March 25th. Deutsche Bank raised their target price on shares of Visa from $160.00 to $177.00 and gave the company a “buy” rating in a research note on Thursday, March 21st. Finally, Wedbush raised their price target on shares of Visa from $150.00 to $162.00 and gave the company an “outperform” rating in a research report on Thursday, March 14th. One equities research analyst has rated the stock with a hold rating and twenty-five have given a buy rating to the company. Visa has a consensus rating of “Buy” and a consensus price target of $168.80.

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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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