Moseley Investment Management Inc. Buys 63 Shares of Visa Inc (NYSE:V)
Moseley Investment Management Inc. increased its stake in Visa Inc (NYSE:V) by 1.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,435 shares of the credit-card processor’s stock after buying an additional 63 shares during the quarter. Visa makes up 1.0% of Moseley Investment Management Inc.’s holdings, making the stock its 29th biggest position. Moseley Investment Management Inc.’s holdings in Visa were worth $1,021,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. Selective Wealth Management Inc. bought a new position in Visa during the third quarter worth $47,000. Investors Research Corp increased its holdings in shares of Visa by 40.2% in the third quarter. Investors Research Corp now owns 279 shares of the credit-card processor’s stock valued at $48,000 after purchasing an additional 80 shares during the last quarter. NewSquare Capital LLC raised its position in shares of Visa by 29.2% in the third quarter. NewSquare Capital LLC now owns 310 shares of the credit-card processor’s stock valued at $53,000 after purchasing an additional 70 shares during the period. JJJ Advisors Inc. raised its position in shares of Visa by 203.4% in the third quarter. JJJ Advisors Inc. now owns 358 shares of the credit-card processor’s stock valued at $62,000 after purchasing an additional 240 shares during the period. Finally, Winthrop Partners WNY LLC acquired a new stake in shares of Visa during the 3rd quarter worth about $71,000. 81.08% of the stock is owned by institutional investors and hedge funds.
In other news, EVP William M. Sheedy sold 21,164 shares of the company’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $178.71, for a total transaction of $3,782,218.44. Following the completion of the sale, the executive vice president now directly owns 227,126 shares in the company, valued at approximately $40,589,687.46. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Alfred F. Kelly, Jr. sold 7,000 shares of the stock in a transaction on Monday, December 30th. The stock was sold at an average price of $189.31, for a total value of $1,325,170.00. Following the sale, the chief executive officer now directly owns 150,514 shares in the company, valued at $28,493,805.34. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 58,480 shares of company stock worth $10,606,182. Corporate insiders own 0.17% of the company’s stock.
Visa (NYSE:V) last issued its quarterly earnings results on Thursday, October 24th. The credit-card processor reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.04. The business had revenue of $6.14 billion during the quarter, compared to analysts’ expectations of $6.08 billion. Visa had a return on equity of 42.57% and a net margin of 52.57%. The firm’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.21 earnings per share. Equities research analysts predict that Visa Inc will post 6.2 earnings per share for the current fiscal year.
Several brokerages recently commented on V. Moffett Nathanson lifted their target price on shares of Visa from to in a report on Tuesday, January 7th. Compass Point assumed coverage on shares of Visa in a report on Thursday, December 5th. They issued a “buy” rating on the stock. Raymond James increased their price target on shares of Visa from $193.00 to $205.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Wedbush raised their price objective on shares of Visa from $195.00 to $215.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, BMO Capital Markets reduced their price objective on Visa from $239.00 to $232.00 and set an “outperform” rating for the company in a report on Wednesday. Three research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. Visa currently has a consensus rating of “Buy” and a consensus target price of $204.58.
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.
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