Home Consulate Visa Inc. (NYSE:V) is the 4th largest position in Norman Fields Gottscho Capital Management LLC

Visa Inc. (NYSE:V) is the 4th largest position in Norman Fields Gottscho Capital Management LLC

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Norman Fields Gottscho Capital Management LLC reduced its stake in Visa Inc. (NYSE:V – Get Rating) shares by 0.1% in the first quarter, HoldingsChannel reports. The company held 100,681 shares of the credit card processor after selling 61 shares during the period. Visa represents approximately 8.4% of Norman Fields Gottscho Capital Management LLC’s investment portfolio, making it its 4th largest position. Norman Fields Gottscho Capital Management LLC’s holdings in Visa were worth $22,328,000 at the end of the last quarter.

Other hedge funds and other institutional investors have also recently changed their holdings in the company. Capital Advisors Wealth Management LLC increased its stake in Visa by 0.4% in the fourth quarter. Capital Advisors Wealth Management LLC now owns 10,563 shares of the credit card processor valued at $2,289,000 after buying 45 more shares in the last quarter. Corbett Road Capital Management LLC increased its stake in Visa by 3.1% in the fourth quarter. Corbett Road Capital Management LLC now owns 1,486 shares of the credit card processor valued at $322,000 after buying 45 more shares in the last quarter. IVC Wealth Advisors LLC increased its stake in Visa by 0.8% in the fourth quarter. IVC Wealth Advisors LLC now owns 5,757 shares of the credit card processor valued at $1,248,000 after buying 46 additional shares in the last quarter. Financial Consulate Inc. increased its stake in Visa by 1.0% in the fourth quarter. Financial Consulate Inc. now owns 4,851 shares of the credit card processor valued at $1,051,000 after buying 46 more shares in the last quarter. Finally, Tranquilli Financial Advisor LLC increased its stake in Visa by 3.1% in the fourth quarter. Tranquilli Financial Advisor LLC now owns 1,537 shares of the credit card processor valued at $333,000 after buying 46 more shares in the last quarter. Hedge funds and other institutional investors own 80.77% of the company’s shares.

A number of equity research analysts have commented on the company. Cowen cut its price target on Visa from $276.00 to $254.00 and set an “outperform” rating for the company in a Wednesday, April 27 research note. Cowen reduced his price target on Visa from $276.00 to $254.00 in a Wednesday, April 27 research note. Credit Suisse Group raised its price target on Visa from $260.00 to $265.00 and gave the stock an “outperform” rating in a Wednesday, April 27 research note. Goldman Sachs Group began covering Visa in a research note on Tuesday, May 17. They issued a “buy” rating and a price target of $282.00 for the company. Finally, Evercore ISI raised its price target on Visa from $304.00 to $310.00 and gave the stock an “outperform” rating in a Wednesday, April 27 research note. Five research analysts gave the stock a hold rating and twenty-one gave the stock a buy rating. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $267.44.

In other Visa news, Chairman Ryan Mcinerney sold 6,466 shares of the company in a transaction that took place on Monday, March 28. The stock was sold at an average price of $220.00, for a total value of $1,422,520.00. The sale was disclosed in a document filed with the SEC, which is available via this hyperlink. Additionally, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the company in a trade that took place on Tuesday, May 31. The shares were sold at an average price of $210.38, for a total value of $1,893,420.00. Following completion of the transaction, the CEO now owns 162,887 shares of the company, valued at approximately $34,268,167.06. The disclosure of this sale can be found here. In the past three months, insiders have sold 39,933 shares of the company worth $8,745,055. 0.21% of the shares are held by insiders.

Shares of V opened at $205.51 on Friday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt ratio of 0.53. Visa Inc. has a 12-month minimum of $185.91 and a 12-month maximum of $252.67. The stock’s 50-day moving average is $204.67 and its two-hundred-day moving average is $212.20. The company has a market capitalization of $390.73 billion, a P/E ratio of 32.31, a PEG ratio of 1.67 and a beta of 0.90.

Visa (NYSE:V – Get Rating) last released quarterly earnings data on Tuesday, April 26. The credit card processor reported EPS of $1.79 for the quarter, beating the consensus estimate of $1.65 by $0.14. Visa had a return on equity of 42.89% and a net margin of 51.10%. The company posted revenue of $7.19 billion for the quarter, versus analyst estimates of $6.82 billion. During the same period last year, the company earned earnings per share of $1.38. Visa’s quarterly revenue increased 25.5% compared to the same quarter last year. Equity research analysts expect Visa Inc. to post EPS of 7.16 for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 1. Shareholders of record on Friday, May 13 received a dividend of $0.375. This represents an annualized dividend of $1.50 and a yield of 0.73%. The ex-dividend date was Thursday, May 12. Visa’s payout ratio is currently 23.58%.

Visa Company Profile (Get a rating)

Visa Inc operates as a worldwide payment technology company. The company facilitates digital payments between consumers, merchants, financial institutions, businesses, strategic partners and government entities. It operates VisaNet, a transaction processing network that enables the authorization, clearing and settlement of payment transactions.

Further reading

Want to see what other hedge funds hold V? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Visa Inc. (NYSE:V – Get Rating).

Institutional ownership by quarter for Visa (NYSE:V)



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