Benin Management Corp Has Lowered Its Position in Visa INC (V) by $5.30 Million as Share Price Rose

June 21, 2018 - By Darrin Black

Visa Inc. (NYSE:V) LogoInvestors sentiment decreased to 0.88 in 2018 Q1. Its down 0.17, from 1.05 in 2017Q4. It dropped, as 41 investors sold V shares while 684 reduced holdings. 127 funds opened positions while 513 raised stakes. 1.57 billion shares or 2.35% less from 1.61 billion shares in 2017Q4 were reported. Amica Pension Fund Board Of Trustees invested in 54,358 shares. Oak Ridge Ltd Liability Corporation accumulated 1.25% or 189,086 shares. 5,530 are held by Curbstone Corporation. Highland Mgmt Ltd Company owns 90,282 shares for 0.84% of their portfolio. 29,189 are held by Bradley Foster Sargent Ct. Windacre Partnership Limited Liability Company accumulated 766,000 shares or 10.53% of the stock. Roundview Limited reported 9,338 shares. Anchor Capital Ltd Llc accumulated 3,600 shares. Brick & Kyle accumulated 22,223 shares. Levin Strategies LP reported 2,885 shares or 0.01% of all its holdings. Mechanics Bank Department holds 0.9% of its portfolio in Visa Inc. (NYSE:V) for 32,228 shares. Monetary Mngmt Grp Inc invested in 37,925 shares or 1.88% of the stock. Ohio-based Parkwood Ltd has invested 1.31% in Visa Inc. (NYSE:V). 38,354 are held by Mariner Limited. California-based Wells Fargo Communications Mn has invested 0.45% in Visa Inc. (NYSE:V).

Since February 14, 2018, it had 0 insider buys, and 3 selling transactions for $6.34 million activity. The insider Biggar Lynne sold 1,712 shares worth $205,440. MCINERNEY RYAN sold $5.06 million worth of stock.

Benin Management Corp decreased its stake in Visa Inc (V) by 34.94% based on its latest 2018Q1 regulatory filing with the SEC. Benin Management Corp sold 44,540 shares as the company’s stock rose 5.37% while stock markets declined. The institutional investor held 82,936 shares of the business services company at the end of 2018Q1, valued at $9.92M, down from 127,476 at the end of the previous reported quarter. Benin Management Corp who had been investing in Visa Inc for a number of months, seems to be less bullish one the $303.49 billion market cap company. The stock increased 0.29% or $0.39 during the last trading session, reaching $135.5. About 7.19 million shares traded. Visa Inc. (NYSE:V) has risen 38.13% since June 21, 2017 and is uptrending. It has outperformed by 25.56% the S&P500.

Analysts await Visa Inc. (NYSE:V) to report earnings on July, 19. They expect $1.09 earnings per share, up 26.74 % or $0.23 from last year’s $0.86 per share. V’s profit will be $2.44 billion for 31.08 P/E if the $1.09 EPS becomes a reality. After $1.11 actual earnings per share reported by Visa Inc. for the previous quarter, Wall Street now forecasts -1.80 % negative EPS growth.

More notable recent Visa Inc. (NYSE:V) news were published by: Fool.com which released: “Is Visa Inc. a Buy?” on June 07, 2018, also Nasdaq.com with their article: “Better Buy: American Express Company vs. Discover” published on June 19, 2018, Seekingalpha.com published: “Visa, Inc. (V) Management Presents at William Blair 2018 Growth Stock Conference (Transcript)” on June 13, 2018. More interesting news about Visa Inc. (NYSE:V) were released by: Nasdaq.com and their article: “With GE Gone, It’s Time to Stop Covering the Dow Jones Index” published on June 20, 2018 as well as Schaeffersresearch.com‘s news article titled: “Best Stocks to Buy After a Dow Losing Streak” with publication date: June 20, 2018.

Visa Inc. (NYSE:V) Ratings Coverage

Among 25 analysts covering Visa Inc (NYSE:V), 22 have Buy rating, 0 Sell and 3 Hold. Therefore 88% are positive. Visa Inc has $164.0 highest and $128.0 lowest target. $145.33’s average target is 7.25% above currents $135.5 stock price. Visa Inc had 37 analyst reports since December 28, 2017 according to SRatingsIntel. Robert W. Baird maintained the stock with “Buy” rating in Thursday, February 1 report. The firm has “Buy” rating given on Tuesday, January 9 by Wells Fargo. The stock has “Buy” rating by Mizuho on Friday, February 2. BMO Capital Markets maintained it with “Buy” rating and $148.0 target in Friday, February 2 report. As per Friday, February 2, the company rating was maintained by KeyBanc Capital Markets. The company was maintained on Thursday, February 1 by Keefe Bruyette & Woods. The firm has “Overweight” rating given on Thursday, January 25 by Morgan Stanley. Morgan Stanley maintained the stock with “Overweight” rating in Thursday, April 26 report. The firm has “Buy” rating by Guggenheim given on Friday, February 2. Guggenheim maintained it with “Buy” rating and $14300 target in Monday, April 9 report.

Visa Inc. (NYSE:V) Institutional Positions Chart

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