Visa Inc (NYSE:V) Stock Position Reduced by Welch & Forbes LLC

Welch & Forbes LLC cut its stake in shares of Visa Inc (NYSE:V) by 0.8% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 762,487 shares of the credit-card processor’s stock after selling 6,118 shares during the period. Visa comprises approximately 3.2% of Welch & Forbes LLC’s holdings, making the stock its 3rd largest position. Welch & Forbes LLC’s holdings in Visa were worth $143,272,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in V. Canton Hathaway LLC lifted its stake in shares of Visa by 0.3% in the fourth quarter. Canton Hathaway LLC now owns 15,440 shares of the credit-card processor’s stock worth $2,901,000 after buying an additional 52 shares during the last quarter. Sky Investment Group LLC lifted its stake in shares of Visa by 1.8% in the fourth quarter. Sky Investment Group LLC now owns 3,045 shares of the credit-card processor’s stock worth $572,000 after buying an additional 53 shares during the last quarter. Winslow Evans & Crocker Inc. lifted its stake in shares of Visa by 0.5% in the fourth quarter. Winslow Evans & Crocker Inc. now owns 11,616 shares of the credit-card processor’s stock worth $2,186,000 after buying an additional 54 shares during the last quarter. RDA Financial Network lifted its stake in shares of Visa by 0.8% in the third quarter. RDA Financial Network now owns 7,027 shares of the credit-card processor’s stock worth $1,284,000 after buying an additional 58 shares during the last quarter. Finally, Buckley Wealth Management LLC lifted its stake in shares of Visa by 3.0% in the fourth quarter. Buckley Wealth Management LLC now owns 1,977 shares of the credit-card processor’s stock worth $371,000 after buying an additional 58 shares during the last quarter. 81.08% of the stock is currently owned by hedge funds and other institutional investors.

Visa stock traded up $2.44 on Friday, hitting $203.39. The company’s stock had a trading volume of 3,669,724 shares, compared to its average volume of 7,776,800. The firm has a market cap of $386.09 billion, a P/E ratio of 37.39, a price-to-earnings-growth ratio of 2.04 and a beta of 0.93. 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 company has a fifty day moving average price of $187.66 and a 200-day moving average price of $180.43. Visa Inc has a one year low of $133.30 and a one year high of $201.50.

Visa (NYSE:V) last announced its quarterly earnings results on Thursday, October 24th. The credit-card processor reported $1.47 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.43 by $0.04. The firm had revenue of $6.14 billion for the quarter, compared to analyst estimates of $6.08 billion. Visa had a net margin of 52.57% and a return on equity of 42.57%. The business’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.21 EPS. Analysts anticipate that Visa Inc will post 6.2 EPS for the current year.

In other news, CEO Alfred F. Kelly, Jr. sold 7,000 shares of the company’s 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 sale, the chief executive officer now owns 55,446 shares of the company’s stock, valued at approximately $9,857,744.34. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP William M. Sheedy sold 21,164 shares of the company’s stock in a transaction dated 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 sale, the executive vice president now directly owns 227,126 shares in the company, valued at approximately $40,589,687.46. The disclosure for this sale can be found here. Insiders sold a total of 58,480 shares of company stock worth $10,606,182 in the last three months. Insiders own 0.17% of the company’s stock.

V has been the topic of a number of research reports. William Blair reaffirmed an “outperform” rating on shares of Visa in a research report on Tuesday. Guggenheim set a $194.00 target price on shares of Visa and gave the stock a “buy” rating in a research report on Friday, October 25th. Compass Point initiated coverage on shares of Visa in a research report on Thursday, December 5th. They set a “buy” rating on the stock. BMO Capital Markets dropped their target price on shares of Visa from $239.00 to $232.00 and set an “outperform” rating on the stock in a research report on Wednesday. Finally, Nomura boosted their target price on shares of 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 issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $204.92.

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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