BlackRock Fund Advisors recently announced the acquisition of new stake in Visa Inc (NYSE:V). The institutional investor has increased its shareholding in the Financial company by 0.04% to 79.46 million shares with purchase of 34719.0 shares. This fresh investment now brings its stake to 5.02% valued currently at $20.69 billion. In addition, Fidelity Management & Research Co raised its holdings by 1.68 million to 41.57 million shares. And Geode Capital Management LLC has lifted its position by 1.65% or 0.55 million shares – to 33.79 million shares.
Currently, there are 1.59B common shares owned by the public and among those 1.58B shares have been available to trade.
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Insiders at the company have transacted a total of 42 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 21 of these insider trades were purchases, accounting for 338,484 shares. Insider sales of the common stock occurred on 21 occasions, with total insider shares sold totaling 416,386 shares.
The top 3 mutual fund holders in Visa Inc are Vanguard Total Stock Market ETF, Vanguard 500 Index Fund, and SPDR S&P 500 ETF Trust. Vanguard Total Stock Market ETF owns 49.16 million shares of the company’s stock, all valued at over $12.8 billion. The company sold -0.76 million shares recently to bring their total holdings to about 3.11% of the shares outstanding. Vanguard 500 Index Fund sold -0.24 million shares to see its total holdings shrink to 38.67 million shares valued at over $10.07 billion and representing 2.44% of the shares outstanding. SPDR S&P 500 ETF Trust sold -0.11 million shares to bring its total holdings to over 19.51 million shares at a value of $5.08 billion. SPDR S&P 500 ETF Trust now owns shares totaling to 1.23% of the shares outstanding.
However, the script later moved the day high at 270.87, down -1.71%. The company’s stock has a 5-day price change of -1.09% and 13.13% over the past three months. V shares are trading 2.92% year to date (YTD), with the 12-month market performance up to 19.14% higher. It has a 12-month low price of $208.76 and touched a high of $272.86 over the same period. V has an average intraday trading volume of 5.74 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 1.26%, 3.55%, and 11.09% respectively.
Institutional ownership of Visa Inc (NYSE: V) shares accounts for 77.59% of the company’s 1.59B shares outstanding. Mutual fund holders own 47.24%, while other institutional holders and individual stakeholders account for 51.43% and 0.24% respectively.
It has a market capitalization of $537.88B and a beta (3y monthly) value of 0.97. The stock’s trailing 12-month PE ratio is 31.33, while the earnings-per-share (ttm) stands at $8.55. The company has a PEG of 2.36 and a Quick Ratio of 1.45 with the debt-to-equity ratio at 0.52. Price movements for the stock have been influenced by the stock’s volatility, which stands at 0.97% over the week and 0.99% over the month.
Analysts forecast that Visa Inc (V) will achieve an EPS of $Verizon Communications Inc. for the current quarter, $42.40 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Ford Motor Company while analysts give the company a high EPS estimate of $Vanguard S&P 500 ETF. Comparatively, EPS for the current quarter was $Visa Inc. a year ago. Earnings per share for the fiscal year are expected to increase by 13.14%, and 12.59% over the next financial year. EPS should shrink at an annualized rate of 13.29% over the next five years, compared to 13.80% over the past 5-year period.
Looking at the support for the V, a number of firms have released research notes about the stock. Mizuho stated their Neutral rating for the stock in a research note on January 18, 2024, with the firm’s price target at $243-$265.
