CMH Wealth Management LLC increased its holdings in shares of Visa Inc (NYSE:V) by 13.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,425 shares of the credit-card processor’s stock after acquiring an additional 2,550 shares during the quarter. Visa comprises 1.7% of CMH Wealth Management LLC’s investment portfolio, making the stock its 17th biggest position. CMH Wealth Management LLC’s holdings in Visa were worth $3,231,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Fort L.P. purchased a new stake in Visa during the 2nd quarter worth approximately $120,000. Cascade Investment Advisors Inc. purchased a new stake in shares of Visa in the 2nd quarter valued at approximately $132,000. Bridgeworth LLC purchased a new stake in shares of Visa in the 2nd quarter valued at approximately $143,000. Ruggie Capital Group purchased a new stake in shares of Visa in the 2nd quarter valued at approximately $164,000. Finally, Signature Estate & Investment Advisors LLC increased its position in shares of Visa by 36.8% in the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 1,357 shares of the credit-card processor’s stock valued at $180,000 after purchasing an additional 365 shares during the last quarter. Institutional investors own 80.10% of the company’s stock.
Shares of NYSE:V opened at $136.80 on Wednesday. The firm has a market cap of $269.57 billion, a P/E ratio of 29.67, a price-to-earnings-growth ratio of 1.45 and a beta of 1.06. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.58. Visa Inc has a 1-year low of $111.02 and a 1-year high of $151.56.
Visa (NYSE:V) last released its earnings results on Wednesday, October 24th. The credit-card processor reported $1.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $0.01. Visa had a net margin of 49.98% and a return on equity of 38.00%. The company had revenue of $5.43 billion during the quarter, compared to analysts’ expectations of $5.44 billion. As a group, research analysts expect that Visa Inc will post 5.33 earnings per share for the current fiscal year.
V has been the topic of a number of recent analyst reports. Piper Jaffray Companies reissued an “overweight” rating and issued a $178.00 price objective on shares of Visa in a research report on Friday, December 21st. Zacks Investment Research raised shares of Visa from a “hold” rating to a “buy” rating and set a $168.00 price objective on the stock in a research report on Tuesday, September 25th. BMO Capital Markets increased their price objective on shares of Visa from $187.00 to $196.00 and gave the company an “outperform” rating in a research report on Thursday, October 25th. Goldman Sachs Group downgraded shares of Visa from a “conviction-buy” rating to a “buy” rating and set a $160.00 price objective on the stock. in a research report on Monday, September 17th. Finally, Bank of America reissued a “buy” rating and issued a $163.00 price objective on shares of Visa in a research report on Monday, September 17th. Two analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the company’s stock. Visa presently has an average rating of “Buy” and a consensus target price of $157.33.
In other news, EVP William M. Sheedy sold 99,636 shares of the stock in a transaction dated Friday, November 2nd. The shares were sold at an average price of $139.28, for a total value of $13,877,302.08. Following the completion of the transaction, the executive vice president now owns 296,925 shares in the company, valued at approximately $41,355,714. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP James H. Hoffmeister sold 2,252 shares of the stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $144.56, for a total transaction of $325,549.12. The disclosure for this sale can be found here. Insiders sold a total of 119,395 shares of company stock valued at $16,697,489 in the last 90 days. Company insiders own 0.17% of the company’s stock.
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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