Mission Wealth Management LP Has $706,000 Holdings in Visa Inc (V)

Mission Wealth Management LP raised its holdings in Visa Inc (NYSE:V) by 17.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,334 shares of the credit-card processor’s stock after purchasing an additional 789 shares during the quarter. Mission Wealth Management LP’s holdings in Visa were worth $706,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Bedel Financial Consulting Inc. boosted its stake in shares of Visa by 24.2% during the 2nd quarter. Bedel Financial Consulting Inc. now owns 1,825 shares of the credit-card processor’s stock worth $242,000 after acquiring an additional 356 shares in the last quarter. Townsend & Associates Inc boosted its stake in shares of Visa by 6.1% during the 2nd quarter. Townsend & Associates Inc now owns 6,244 shares of the credit-card processor’s stock worth $827,000 after acquiring an additional 361 shares in the last quarter. LLBH Private Wealth Management LLC boosted its stake in shares of Visa by 14.7% during the 2nd quarter. LLBH Private Wealth Management LLC now owns 2,821 shares of the credit-card processor’s stock worth $374,000 after acquiring an additional 362 shares in the last quarter. Signature Estate & Investment Advisors LLC boosted its stake in shares of Visa by 36.8% during the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 1,357 shares of the credit-card processor’s stock worth $180,000 after acquiring an additional 365 shares in the last quarter. Finally, Carroll Financial Associates Inc. boosted its stake in shares of Visa by 7.2% during the 2nd quarter. Carroll Financial Associates Inc. now owns 5,487 shares of the credit-card processor’s stock worth $726,000 after acquiring an additional 368 shares in the last quarter. 80.18% of the stock is currently owned by institutional investors.

Shares of Visa stock opened at $141.89 on Tuesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.69 and a quick ratio of 1.69. Visa Inc has a 1 year low of $106.54 and a 1 year high of $151.56. The company has a market cap of $305.32 billion, a P/E ratio of 40.77, a P/E/G ratio of 1.86 and a beta of 1.06.

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

Several equities research analysts have recently commented on the company. Wells Fargo & Co boosted their price target on 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 Visa from a “hold” rating to a “buy” rating and set a $168.00 price target on the stock in a research note on Tuesday, September 25th. BMO Capital Markets assumed coverage on Visa in a research note on Wednesday, September 26th. They set an “outperform” rating and a $187.00 price target on the stock. Robert W. Baird boosted their price target on 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 reissued a “buy” rating and set a $163.00 price target on shares of Visa in a research note on Monday, September 17th. Two 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.

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

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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