Visa (V) Shares Bought by Gamble Jones Investment Counsel

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Gamble Jones Investment Counsel raised its position in shares of Visa (NYSE:V) by 9.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 83,595 shares of the credit-card processor’s stock after acquiring an additional 7,025 shares during the quarter. Visa comprises 1.0% of Gamble Jones Investment Counsel’s investment portfolio, making the stock its 20th biggest holding. Gamble Jones Investment Counsel’s holdings in Visa were worth $10,000,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of V. BlackRock Inc. raised its holdings in shares of Visa by 2.5% during the fourth quarter. BlackRock Inc. now owns 120,243,230 shares of the credit-card processor’s stock valued at $13,710,132,000 after purchasing an additional 2,986,301 shares during the period. Geode Capital Management LLC raised its holdings in shares of Visa by 3.7% during the fourth quarter. Geode Capital Management LLC now owns 20,412,345 shares of the credit-card processor’s stock valued at $2,322,847,000 after purchasing an additional 719,390 shares during the period. Fisher Asset Management LLC raised its holdings in shares of Visa by 2.8% during the fourth quarter. Fisher Asset Management LLC now owns 16,419,486 shares of the credit-card processor’s stock valued at $1,872,150,000 after purchasing an additional 448,015 shares during the period. Alliancebernstein L.P. raised its holdings in shares of Visa by 0.5% during the fourth quarter. Alliancebernstein L.P. now owns 15,875,515 shares of the credit-card processor’s stock valued at $1,810,126,000 after purchasing an additional 75,169 shares during the period. Finally, MUFG Securities EMEA plc raised its holdings in shares of Visa by 2.2% during the first quarter. MUFG Securities EMEA plc now owns 11,768,474 shares of the credit-card processor’s stock valued at $1,407,745,000 after purchasing an additional 250,000 shares during the period. 79.82% of the stock is currently owned by institutional investors and hedge funds.

NYSE:V opened at $139.42 on Monday. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $284.96 billion, a price-to-earnings ratio of 40.06, a PEG ratio of 1.79 and a beta of 0.99. Visa has a 52 week low of $95.77 and a 52 week high of $139.95.

Visa (NYSE:V) last posted its quarterly earnings data on Wednesday, April 25th. The credit-card processor reported $1.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.10. The firm had revenue of $5.07 billion during the quarter, compared to analyst estimates of $4.82 billion. Visa had a net margin of 48.18% and a return on equity of 33.90%. The company’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter last year, the business posted $0.86 EPS. equities analysts forecast that Visa will post 4.52 earnings per share for the current year.

Several equities analysts have recently weighed in on V shares. UBS Group started coverage on shares of Visa in a report on Friday, May 18th. They set a “neutral” rating and a $141.00 price objective on the stock. Zacks Investment Research lowered shares of Visa from a “buy” rating to a “hold” rating in a report on Friday, March 30th. Wedbush upped their target price on shares of Visa from $135.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, June 6th. Vetr lowered shares of Visa from a “strong-buy” rating to a “buy” rating and set a $135.00 target price on the stock. in a report on Thursday, April 5th. Finally, Sanford C. Bernstein started coverage on shares of Visa in a report on Tuesday, March 27th. They issued an “outperform” rating and a $143.00 target price on the stock. Three research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $139.94.

In other Visa news, SVP James H. Hoffmeister sold 8,423 shares of the stock in a transaction dated Monday, April 30th. The shares were sold at an average price of $127.67, for a total value of $1,075,364.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Ryan Mcinerney sold 38,500 shares of the stock in a transaction dated Thursday, May 10th. The shares were sold at an average price of $131.33, for a total transaction of $5,056,205.00. The disclosure for this sale can be found here. Company insiders own 0.14% of the company’s stock.

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.

See Also: Are Wall Street analysts’ stock ratings worth following?

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Institutional Ownership by Quarter for Visa (NYSE:V)

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