Visa Inc (V) is Middleton & Co Inc MA’s 4th Largest Position

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Middleton & Co Inc MA lifted its stake in Visa Inc (NYSE:V) by 4.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 121,813 shares of the credit-card processor’s stock after purchasing an additional 5,043 shares during the period. Visa accounts for 2.9% of Middleton & Co Inc MA’s portfolio, making the stock its 4th largest position. Middleton & Co Inc MA’s holdings in Visa were worth $18,283,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. BlackRock Inc. grew its stake in Visa by 1.3% in the 2nd quarter. BlackRock Inc. now owns 121,549,085 shares of the credit-card processor’s stock valued at $16,099,178,000 after buying an additional 1,535,089 shares during the last quarter. FMR LLC grew its stake in Visa by 2.9% in the 2nd quarter. FMR LLC now owns 85,466,413 shares of the credit-card processor’s stock valued at $11,320,026,000 after buying an additional 2,398,540 shares during the last quarter. Fisher Asset Management LLC grew its stake in Visa by 2.3% in the 3rd quarter. Fisher Asset Management LLC now owns 18,087,489 shares of the credit-card processor’s stock valued at $2,714,751,000 after buying an additional 401,700 shares during the last quarter. Edgewood Management LLC grew its stake in Visa by 2.5% in the 2nd quarter. Edgewood Management LLC now owns 15,192,387 shares of the credit-card processor’s stock valued at $2,012,232,000 after buying an additional 365,072 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in Visa by 10.9% in the 2nd 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 buying an additional 1,091,838 shares during the last quarter. 80.10% of the stock is owned by institutional investors and hedge funds.

In other Visa news, EVP William M. Sheedy sold 3,643 shares of the firm’s stock in a transaction on Tuesday, November 20th. The shares were sold at an average price of $133.07, for a total value of $484,774.01. Following the transaction, the executive vice president now directly owns 241,983 shares of the company’s stock, valued at $32,200,677.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP William M. Sheedy sold 99,636 shares of the firm’s stock in a transaction on Friday, November 2nd. The shares were sold at an average price of $139.28, for a total transaction of $13,877,302.08. Following the completion of the transaction, the executive vice president now directly owns 296,925 shares in the company, valued at $41,355,714. The disclosure for this sale can be found here. Over the last three months, insiders have sold 119,395 shares of company stock worth $16,697,489. 0.17% of the stock is owned by insiders.

A number of research firms have issued reports on V. Wells Fargo & Co boosted their price objective on shares of Visa from $161.00 to $175.00 and gave the company an “outperform” rating in a report on Monday, October 1st. Zacks Investment Research raised shares of Visa from a “hold” rating to a “buy” rating and set a $168.00 price target for the company in a report on Tuesday, September 25th. Credit Suisse Group upped their price target on shares of Visa from $150.00 to $164.00 and gave the stock an “outperform” rating in a report on Monday, October 8th. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $166.00 price target on shares of Visa in a report on Thursday, October 25th. Finally, Barclays initiated coverage on shares of Visa in a report on Wednesday, November 14th. They set an “overweight” rating and a $170.00 price target for the company. Two research analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the stock. Visa has a consensus rating of “Buy” and a consensus target price of $157.33.

Shares of V traded up $0.26 during trading hours on Thursday, hitting $138.67. 12,513,996 shares of the stock were exchanged, compared to its average volume of 10,568,708. Visa Inc has a fifty-two week low of $111.02 and a fifty-two week high of $151.56. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.58. The stock has a market cap of $269.57 billion, a PE ratio of 30.08, a price-to-earnings-growth ratio of 1.45 and a beta of 1.06.

Visa (NYSE:V) last posted its quarterly earnings data on Wednesday, October 24th. The credit-card processor reported $1.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $0.01. The company had revenue of $5.43 billion during the quarter, compared to analysts’ expectations of $5.44 billion. Visa had a net margin of 49.98% and a return on equity of 38.00%. Sell-side analysts anticipate that Visa Inc will post 5.33 EPS for the current fiscal year.

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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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Institutional Ownership by Quarter for Visa (NYSE:V)

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