FCA Corp TX Trims Stock Holdings in Visa Inc (NYSE:V)

FCA Corp TX cut its holdings in shares of Visa Inc (NYSE:V) by 3.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,811 shares of the credit-card processor’s stock after selling 68 shares during the quarter. FCA Corp TX’s holdings in Visa were worth $312,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Krane Funds Advisors LLC acquired a new stake in shares of Visa in the second quarter valued at about $26,000. Lowe Wealth Advisors LLC grew its stake in shares of Visa by 114.7% in the second quarter. Lowe Wealth Advisors LLC now owns 161 shares of the credit-card processor’s stock valued at $28,000 after buying an additional 86 shares in the last quarter. Personal Wealth Partners acquired a new stake in shares of Visa in the second quarter valued at about $30,000. Mcmillion Capital Management Inc. acquired a new stake in shares of Visa in the second quarter valued at about $38,000. Finally, Hexavest Inc. acquired a new stake in shares of Visa in the second quarter valued at about $40,000. Hedge funds and other institutional investors own 80.97% of the company’s stock.

NYSE V traded down $0.36 during mid-day trading on Wednesday, reaching $179.38. 698,042 shares of the company’s stock traded hands, compared to its average volume of 7,589,730. Visa Inc has a 1-year low of $121.60 and a 1-year high of $187.05. The company has a fifty day simple moving average of $176.50 and a 200-day simple moving average of $173.70. The company has a current ratio of 1.56, a quick ratio of 1.69 and a debt-to-equity ratio of 0.57. The company has a market cap of $355.06 billion, a price-to-earnings ratio of 32.98, a P/E/G ratio of 1.86 and a beta of 0.94.

Visa (NYSE:V) last issued its quarterly earnings data on Thursday, October 24th. The credit-card processor reported $1.47 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.04. Visa had a return on equity of 42.57% and a net margin of 52.57%. The firm 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 earned $1.21 EPS. Visa’s quarterly revenue was up 12.9% on a year-over-year basis. Equities research analysts forecast that Visa Inc will post 6.21 earnings per share for the current fiscal year.

The firm also recently disclosed a dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Friday, November 15th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, November 14th. Visa’s dividend payout ratio (DPR) is presently 18.38%.

In other Visa news, insider Vasant M. Prabhu sold 25,051 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $181.14, for a total transaction of $4,537,738.14. Following the completion of the sale, the insider now owns 62,223 shares in the company, valued at approximately $11,271,074.22. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Alfred F. Kelly, Jr. sold 7,000 shares of the 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 transaction, the chief executive officer now directly owns 55,446 shares in the company, valued at approximately $9,857,744.34. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 53,215 shares of company stock valued at $9,564,487. 0.17% of the stock is owned by insiders.

V has been the subject of a number of recent research reports. KeyCorp increased their target price on Visa from $190.00 to $195.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. SunTrust Banks increased their target price on Visa to $205.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Robert W. Baird set a $196.00 target price on Visa and gave the company a “buy” rating in a research note on Friday, July 19th. Raymond James increased their target price on Visa from $193.00 to $205.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Finally, Goldman Sachs Group reiterated a “buy” rating and issued a $202.00 target price on shares of Visa in a research note on Wednesday, July 24th. Three investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $199.04.

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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