West Coast Financial LLC Buys 541 Shares of Visa Inc (V)

West Coast Financial LLC grew its stake in shares of Visa Inc (NYSE:V) by 9.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,013 shares of the credit-card processor’s stock after purchasing an additional 541 shares during the quarter. West Coast Financial LLC’s holdings in Visa were worth $633,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Visa by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 127,020,401 shares of the credit-card processor’s stock worth $11,911,973,000 after buying an additional 2,628,148 shares in the last quarter. BlackRock Inc. grew its holdings in Visa by 1.3% in the 2nd quarter. BlackRock Inc. now owns 114,649,667 shares of the credit-card processor’s stock worth $10,751,846,000 after buying an additional 1,440,034 shares in the last quarter. Fisher Asset Management LLC grew its holdings in Visa by 2.3% in the 3rd quarter. Fisher Asset Management LLC now owns 15,971,471 shares of the credit-card processor’s stock worth $1,680,838,000 after buying an additional 355,320 shares in the last quarter. Capital Research Global Investors grew its holdings in Visa by 20.3% in the 2nd quarter. Capital Research Global Investors now owns 11,394,893 shares of the credit-card processor’s stock worth $1,068,613,000 after buying an additional 1,919,732 shares in the last quarter. Finally, Polen Capital Management LLC grew its holdings in Visa by 7.7% in the 2nd quarter. Polen Capital Management LLC now owns 10,425,812 shares of the credit-card processor’s stock worth $977,733,000 after buying an additional 745,312 shares in the last quarter. 81.50% of the stock is owned by institutional investors.

Shares of Visa Inc (NYSE V) opened at $120.09 on Friday. Visa Inc has a 52-week low of $80.51 and a 52-week high of $120.48. The company has a market capitalization of $272,150.00, a price-to-earnings ratio of 42.89, a PEG ratio of 1.73 and a beta of 0.99. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.90 and a current ratio of 1.90.

Visa (NYSE:V) last announced its quarterly earnings data on Wednesday, October 25th. The credit-card processor reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.05. The company had revenue of $4.86 billion during the quarter, compared to the consensus estimate of $4.63 billion. Visa had a return on equity of 31.80% and a net margin of 36.49%. The company’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.78 EPS. sell-side analysts forecast that Visa Inc will post 4.07 earnings per share for the current fiscal year.

In related news, EVP Tullier Kelly Mahon sold 49,702 shares of the stock in a transaction on Friday, December 15th. The stock was sold at an average price of $113.66, for a total transaction of $5,649,129.32. Following the completion of the sale, the executive vice president now directly owns 76,202 shares in the company, valued at $8,661,119.32. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Robert W. Matschullat sold 6,220 shares of the stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $113.76, for a total value of $707,587.20. Following the sale, the director now owns 57,368 shares of the company’s stock, valued at $6,526,183.68. The disclosure for this sale can be found here. Insiders sold 58,068 shares of company stock valued at $6,597,262 in the last 90 days. Corporate insiders own 0.14% of the company’s stock.

A number of equities analysts recently issued reports on V shares. Wells Fargo & Co raised Visa from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $107.01 to $120.00 in a report on Tuesday, October 10th. KeyCorp reaffirmed a “buy” rating and set a $118.00 price target on shares of Visa in a research note on Wednesday, October 18th. Barclays increased their price target on Visa from $114.00 to $123.00 and gave the company an “overweight” rating in a research note on Wednesday, October 18th. Morgan Stanley increased their price target on Visa from $114.00 to $125.00 and gave the company an “overweight” rating in a research note on Friday, October 20th. Finally, Zacks Investment Research lowered Visa from a “buy” rating to a “hold” rating in a research note on Tuesday, December 26th. Four research analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the company. Visa presently has a consensus rating of “Buy” and an average target price of $122.03.

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About Visa

Visa Inc (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the participants.

Institutional Ownership by Quarter for Visa (NYSE:V)

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