Timber Creek Capital Management buys $4.9 Million stake in Visa Inc (V)

Visa Inc (V) : Timber Creek Capital Management scooped up 385 additional shares in Visa Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 63,358 shares of Visa Inc which is valued at $4.9 Million.Visa Inc makes up approximately 4.35% of Timber Creek Capital Management’s portfolio.

Other Hedge Funds, Including , Essex Financial Services reduced its stake in V by selling 274 shares or 0.75% in the most recent quarter. The Hedge Fund company now holds 36,298 shares of V which is valued at $2.8 Million. Visa Inc makes up approx 0.69% of Essex Financial Services’s portfolio.Ssi Investment Management Inc reduced its stake in V by selling 903 shares or 18.04% in the most recent quarter. The Hedge Fund company now holds 4,103 shares of V which is valued at $315,233. Visa Inc makes up approx 0.10% of Ssi Investment Management Inc’s portfolio.First Mercantile Trust Co reduced its stake in V by selling 12,206 shares or 10.83% in the most recent quarter. The Hedge Fund company now holds 100,492 shares of V which is valued at $7.8 Million. Visa Inc makes up approx 0.94% of First Mercantile Trust Co’s portfolio.Aperio Group boosted its stake in V in the latest quarter, The investment management firm added 5,964 additional shares and now holds a total of 874,363 shares of Visa Inc which is valued at $67.5 Million. Visa Inc makes up approx 0.57% of Aperio Group’s portfolio.

Visa Inc opened for trading at $77.02 and hit $78.055 on the upside on Monday, eventually ending the session at $77.8, with a gain of 1.26% or 0.97 points. The heightened volatility saw the trading volume jump to 85,97,943 shares. Company has a market cap of $168,761 M.

On the company’s financial health, Visa Inc reported $0.68 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $0.66. The company had revenue of $3626.00 million for the quarter, compared to analysts expectations of $3600.06 million. The company’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.63 EPS.

Many Wall Street Analysts have commented on Visa Inc. Company shares were Reiterated by Sun Trust Rbsn Humphrey on Apr 20, 2016 to “Buy”, Firm has raised the Price Target to $ 100 from a previous price target of $85 .Compass Point Initiated Visa Inc on Apr 15, 2016 to “Neutral”, Price Target of the shares are set at $80.

Visa Inc. is a payments technology company. The Company is engaged in operating a processing network VisaNet which facilitates authorization clearing and settlement of payment transactions across the world. The Company provides its services to consumers businesses financial institutions and governments in more than 200 countries and territories for electronic payments. The Company offers fraud protection for account holders and rapid payment for merchants. The Company provides a variety of payment solutions that support payment products that issuers can offer to their account holders such as pay now with debit pay ahead with prepaid or pay later with credit products. The Company offers a suite of digital eCommerce and mobile products and services.

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