Visa Inc (V) Holdings Boosted by Tesco Pension Investment Ltd

Tesco Pension Investment Ltd raised its position in Visa Inc (NYSE:V) by 17.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,001,880 shares of the credit-card processor’s stock after buying an additional 147,017 shares during the period. Visa accounts for about 3.5% of Tesco Pension Investment Ltd’s investment portfolio, making the stock its 14th biggest position. Tesco Pension Investment Ltd’s holdings in Visa were worth $132,699,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Jackson Wealth Management LLC raised its stake in shares of Visa by 4.2% in the second quarter. Jackson Wealth Management LLC now owns 47,683 shares of the credit-card processor’s stock worth $6,802,000 after acquiring an additional 1,900 shares during the last quarter. Segall Bryant & Hamill LLC raised its stake in shares of Visa by 8.1% in the second quarter. Segall Bryant & Hamill LLC now owns 554,278 shares of the credit-card processor’s stock worth $73,414,000 after acquiring an additional 41,394 shares during the last quarter. Mission Wealth Management LP raised its stake in shares of Visa by 17.4% in the second quarter. Mission Wealth Management LP now owns 5,334 shares of the credit-card processor’s stock worth $706,000 after acquiring an additional 789 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Visa by 3.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 6,715,442 shares of the credit-card processor’s stock worth $889,461,000 after acquiring an additional 195,737 shares during the last quarter. Finally, AT Bancorp raised its stake in shares of Visa by 95.6% in the second quarter. AT Bancorp now owns 3,775 shares of the credit-card processor’s stock worth $500,000 after acquiring an additional 1,845 shares during the last quarter. Hedge funds and other institutional investors own 80.18% of the company’s stock.

In other Visa news, SVP James H. Hoffmeister sold 6,912 shares of the company’s stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $140.01, for a total value of $967,749.12. Following the completion of the sale, the senior vice president now owns 6,912 shares of the company’s stock, valued at $967,749.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Vasant M. Prabhu sold 25,064 shares of the company’s stock in a transaction that occurred on Wednesday, August 8th. The shares were sold at an average price of $140.56, for a total transaction of $3,522,995.84. Following the completion of the sale, the chief financial officer now directly owns 58,232 shares of the company’s stock, valued at approximately $8,185,089.92. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by corporate insiders.

V opened at $141.89 on Tuesday. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.60. The company has a market cap of $305.32 billion, a P/E ratio of 40.77, a price-to-earnings-growth ratio of 1.86 and a beta of 1.06. Visa Inc has a fifty-two week low of $106.54 and a fifty-two week high of $151.56.

Visa (NYSE:V) last issued its earnings results on Wednesday, July 25th. The credit-card processor reported $1.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.09 by $0.11. Visa had a net margin of 47.91% and a return on equity of 36.09%. The firm had revenue of $5.24 billion during the quarter, compared to the consensus estimate of $5.09 billion. During the same quarter in the prior year, the firm earned $0.86 earnings per share. The business’s quarterly revenue was up 14.8% on a year-over-year basis. On average, equities research analysts anticipate that Visa Inc will post 4.59 earnings per share for the current fiscal year.

A number of brokerages have weighed in on V. Wells Fargo & Co boosted their target price on shares of Visa from $161.00 to $175.00 and gave the stock an “outperform” rating in a research note on Monday, October 1st. Zacks Investment Research raised shares of Visa from a “hold” rating to a “buy” rating and set a $168.00 target price for the company in a research note on Tuesday, September 25th. BMO Capital Markets began coverage on shares of Visa in a research note on Wednesday, September 26th. They issued an “outperform” rating and a $187.00 target price for the company. Robert W. Baird boosted their target price on shares of Visa from $156.00 to $162.00 and gave the stock an “outperform” rating in a research note on Friday, September 14th. Finally, Bank of America reaffirmed a “buy” rating and issued a $163.00 target price on shares of Visa in a research note on Monday, September 17th. Two investment analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $153.97.

Visa Company 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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