Adell Harriman & Carpenter INC Decreased Visa INC (V) Stake by $296.34 Million; Shares Rose

April 17, 2018 - By Michele Cranor

Visa Inc. (NYSE:V) Corporate LogoDuring 2017 Q4 the big money sentiment increased to 1.05. That’s change of 0.05, from 2017Q3’s 1. 55 investors sold all, 605 reduced holdings as V ratio increased. 552 rose positions while 141 funds amassed positions. Funds hold 1.61 billion shares thus 1.83% less from 2017Q3’s 1.64 billion shares. Delta Asset Limited Co Tn owns 2,523 shs for 0.04% of their capital. Chase Invest Counsel Corporation holds 52,470 shs. Cim Mangement Inc has invested 0.71% in Visa Inc. (NYSE:V). Berkshire Asset Mngmt Limited Company Pa holds 0.06% of its capital in Visa Inc. (NYSE:V) for 5,486 shs. Highvista Strategies Ltd accumulated 71,100 shs or 2.26% of the stock. 257,300 are owned by Gabelli Funds Limited Liability Corporation. Rockland owns 2,608 shs. Grimes & Co invested in 0.02% or 2,147 shs. Btr Cap Management invested in 2.65% or 118,804 shs. Rech Glob Investors reported 5.32M shs. Fsi Ltd stated it has 28,840 shs or 2.73% of all its holdings. Ls Inv Advsrs Ltd Liability Corp holds 1.56% or 234,586 shs in its capital. Comerica has 20,075 shs for 0.29% of their capital. Northern Mngmt Limited Liability Co owns 6,635 shs. Ubs Oconnor Ltd Co reported 0.75% stake.

V registered $6.56 million net activity with 0 insider buys and 3 sales since December 13, 2017. MATSCHULLAT ROBERT W sold $707,561 worth of stock. $5.65 million worth of Visa Inc. (NYSE:V) was sold by MAHON TULLIER KELLY on Friday, December 15.

Adell Harriman & Carpenter Inc’s holdings in Visa Inc (V) is reduced by 2.08% based on its latest 2017Q4 regulatory filing with the SEC. The company’s stock popped up 4.18% while Adell Harriman & Carpenter Inc sold 2,599 shares. At the end of 2017Q4, the institutional investor held 122,589 shares of the business services company, valued at $13.98B, down from 125,188 at the end of the previous reported quarter. $275.07 billion is the market cap of Visa Inc. V reached $121.88 on during the last trading session after $1.13 change.Visa Inc. has volume of 6.90 million shares. Since April 17, 2017 V has risen 31.98% and is uptrending. V outperformed by 20.43% the S&P 500.

The Adell Harriman & Carpenter Inc’s stake in Micron Technology (NASDAQ:MU) was increased by 41,237 shares to 151,365 shares valued at $6.22 billion in 2017Q4, according to the filing. It operates about $528.39 million and $472.55B US Long portfolio. Adell Harriman & Carpenter Inc has risen its stake in Williams Partners New Unit Ltd (ACMP) and also increased its holding in Royal Dutch Shell by 1,700 shares in the quarter, for a total of 50,513 shares.

Analysts await Visa Inc. (NYSE:V) to report earnings on April, 19. They expect $1.01 earnings per share, up 17.44 % or $0.15 from last year’s $0.86 per share. V’s profit will be $2.28 billion for 30.17 P/E if the $1.01 EPS becomes a reality. After $1.08 actual earnings per share reported by Visa Inc. for the previous quarter, Wall Street now forecasts -6.48 % negative EPS growth.

Visa Inc. (NYSE:V) Ratings Coverage

Total analysts of 27 have positions in Visa (NYSE:V) as follows: 24 rated it a “Buy”, 0 with “Sell” and 3 with “Hold”. The positive are 89%. The firm has $164.0 highest while $95.0 is the lowest [Target]. The average target $139.88 is 14.77% above the last ($121.88) price. Since October 18, 2017 according to StockzIntelligence Inc Visa has 49 analyst reports. On Thursday, February 1 the firm has “Buy” rating given by Oppenheimer. On Monday, January 29 the stock of Visa Inc. (NYSE:V) has “Buy” rating given by Susquehanna. On Monday, April 9 the rating was maintained by Guggenheim with “Buy”. The stock rating was maintained by Robert W. Baird with “Buy” on Thursday, February 1. On Thursday, October 26 the firm has “Overweight” rating by Morgan Stanley given. On Wednesday, January 24 the stock of Visa Inc. (NYSE:V) earned “Hold” rating by DZ Bank. On Thursday, October 26 the stock has “Buy” rating by Loop Capital. On Friday, February 2 the stock of Visa Inc. (NYSE:V) earned “Overweight” rating by Barclays Capital. On Thursday, December 28 the firm earned “Buy” rating by Susquehanna. On Friday, February 2 the firm earned “Overweight” rating by KeyBanc Capital Markets.

Visa Inc. (NYSE:V) Institutional Investors Chart

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