AKO Capital LLP increased its position in shares of Visa Inc (NYSE:V) by 9.1% in the second quarter, HoldingsChannel reports. The institutional investor owned 740,305 shares of the credit-card processor’s stock after buying an additional 61,761 shares during the period. Visa comprises 5.3% of AKO Capital LLP’s portfolio, making the stock its 4th biggest holding. AKO Capital LLP’s holdings in Visa were worth $98,053,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of V. Bank of Montreal Can bought a new position in shares of Visa during the second quarter worth about $727,019,000. Chevy Chase Trust Holdings Inc. acquired a new position in Visa during the second quarter valued at approximately $268,605,000. Amundi Pioneer Asset Management Inc. boosted its position in Visa by 53.2% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 3,929,346 shares of the credit-card processor’s stock valued at $470,029,000 after purchasing an additional 1,363,772 shares during the last quarter. Gateway Investment Advisers LLC acquired a new position in Visa during the second quarter valued at approximately $146,859,000. Finally, American Century Companies Inc. boosted its position in Visa by 10.9% during the second quarter. American Century Companies Inc. now owns 11,098,080 shares of the credit-card processor’s stock valued at $1,469,941,000 after purchasing an additional 1,091,838 shares during the last quarter. Institutional investors and hedge funds own 80.18% of the company’s stock.
In related news, SVP James H. Hoffmeister sold 6,912 shares of Visa stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $140.01, for a total transaction of $967,749.12. Following the completion of the sale, the senior vice president now directly owns 6,912 shares of the company’s stock, valued at approximately $967,749.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Vasant M. Prabhu sold 25,064 shares of Visa stock in a transaction that occurred on Wednesday, August 8th. The stock was sold at an average price of $140.56, for a total value of $3,522,995.84. Following the sale, the chief financial officer now directly owns 58,232 shares of the company’s stock, valued at $8,185,089.92. The disclosure for this sale can be found here. Company insiders own 0.14% of the company’s stock.
NYSE:V opened at $140.06 on Friday. The company has a market cap of $305.32 billion, a P/E ratio of 40.10, a PEG ratio of 1.86 and a beta of 1.06. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.60. Visa Inc has a 1-year low of $106.60 and a 1-year high of $151.56.
Visa (NYSE:V) last released its quarterly earnings results on Wednesday, July 25th. The credit-card processor reported $1.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.09 by $0.11. The business had revenue of $5.24 billion during the quarter, compared to analysts’ expectations of $5.09 billion. Visa had a return on equity of 36.09% and a net margin of 47.91%. The firm’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same period last year, the firm posted $0.86 EPS. As a group, equities research analysts forecast that Visa Inc will post 4.59 earnings per share for the current year.
Several research analysts recently commented on the company. Loop Capital increased their price target on Visa to $157.00 and gave the company a “buy” rating in a research report on Thursday, July 26th. They noted that the move was a valuation call. Bank of America increased their price target on Visa from $155.00 to $163.00 and gave the company a “buy” rating in a research report on Monday, August 13th. Wells Fargo & Co increased their price target on Visa from $161.00 to $175.00 and gave the company an “outperform” rating in a research report on Monday, October 1st. Wolfe Research assumed coverage on Visa in a research report on Tuesday, July 17th. They set an “outperform” rating for the company. Finally, Oppenheimer increased their price target on Visa from $143.00 to $154.00 and gave the company an “outperform” rating in a research report on Tuesday, July 17th. Two investment analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company. Visa presently has an average rating of “Buy” and a consensus target price of $153.97.
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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