Visa Inc. (V) Could Help Your Portfolio. The Stock Formed Bullish Wedge Up Pattern

October 2, 2018 - By Linda Rogers

Visa Inc. (NYSE:V) Logo

Investors sentiment increased to 1.02 in Q2 2018. Its up 0.14, from 0.88 in 2018Q1. It increased, as 39 investors sold Visa Inc. shares while 633 reduced holdings. 124 funds opened positions while 560 raised stakes. 1.56 billion shares or 0.77% less from 1.57 billion shares in 2018Q1 were reported.
Macquarie Limited owns 2.76M shares or 0.63% of their US portfolio. Tompkins Fincl invested 0.05% in Visa Inc. (NYSE:V). First Corporation In reported 1,902 shares. Morgens Waterfall Vintiadis & Com holds 0.99% or 10,594 shares. Brighton Jones Ltd Limited Liability Company holds 14,561 shares. Altarock Prtnrs Limited Liability Corporation has 282,516 shares for 3.87% of their portfolio. Schroder Mngmt accumulated 4.01M shares. The Iowa-based Cambridge Invest Rech Advsr has invested 0.48% in Visa Inc. (NYSE:V). Sterling Management reported 2,240 shares. Connecticut-based Sky Inv Group Ltd Liability Company has invested 0.14% in Visa Inc. (NYSE:V). Chemical Comml Bank has invested 0.45% in Visa Inc. (NYSE:V). Sheets Smith Wealth Mngmt accumulated 100,077 shares. Gardner Russo And Gardner Ltd Limited Liability Company owns 624,012 shares for 0.6% of their portfolio. Mark Sheptoff Planning Limited Company invested in 10,880 shares or 1.07% of the stock. Mariner Wealth Advsrs accumulated 266,582 shares or 2.09% of the stock.

Since April 30, 2018, it had 0 insider buys, and 2 sales for $6.13 million activity. The insider MCINERNEY RYAN sold 38,500 shares worth $5.06M.

The stock of Visa Inc. (V) formed an up wedge with $164.36 target or 9.00 % above today’s $150.79 share price. The 9 months wedge indicates low risk for the $335.52B company. If the $164.36 price target is reached, the company will be worth $30.20 billion more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

The stock increased 0.47% or $0.7 during the last trading session, reaching $150.79. About 9.80 million shares traded or 35.79% up from the average. Visa Inc. (NYSE:V) has risen 38.00% since October 2, 2017 and is uptrending. It has outperformed by 22.38% the S&P500.

Analysts await Visa Inc. (NYSE:V) to report earnings on October, 24. They expect $1.20 EPS, up 33.33 % or $0.30 from last year’s $0.9 per share. V’s profit will be $2.67B for 31.41 P/E if the $1.20 EPS becomes a reality. After $1.20 actual EPS reported by Visa Inc. for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

Visa Inc. (NYSE:V) Ratings Coverage

Among 12 analysts covering Visa Inc (NYSE:V), 11 have Buy rating, 0 Sell and 1 Hold. Therefore 92% are positive. Visa Inc had 16 analyst reports since April 9, 2018 according to SRatingsIntel. Morgan Stanley maintained it with “Overweight” rating and $142 target in Thursday, April 26 report. The stock of Visa Inc. (NYSE:V) earned “Outperform” rating by Robert W. Baird on Friday, September 14. Buckingham Research maintained Visa Inc. (NYSE:V) rating on Thursday, April 26. Buckingham Research has “Buy” rating and $152 target. The firm earned “Buy” rating on Tuesday, June 26 by Buckingham Research. The firm has “Buy” rating given on Tuesday, July 17 by Bank of America. Wedbush maintained Visa Inc. (NYSE:V) on Wednesday, June 6 with “Buy” rating. The firm has “Outperform” rating by Raymond James given on Tuesday, July 24. On Friday, April 27 the stock rating was maintained by Argus Research with “Buy”. KeyBanc Capital Markets maintained the stock with “Overweight” rating in Thursday, July 26 report. Guggenheim maintained Visa Inc. (NYSE:V) on Monday, April 9 with “Buy” rating.

More recent Visa Inc. (NYSE:V) news were published by: Fool.com which released: “Better Buy: Square Inc. vs. Visa” on September 30, 2018. Also Benzinga.com published the news titled: “Flat Yield Curve, Geopolitical Uncertainty Weighing On Financials Ahead Of Q3 Earnings” on October 01, 2018. Fool.com‘s news article titled: “Better Buy: Mastercard Inc. vs. Visa” with publication date: October 01, 2018 was also an interesting one.

Visa Inc. operates as a payments technology firm worldwide. The company has market cap of $335.52 billion. The firm facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It has a 36.81 P/E ratio. 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.

Visa Inc. (NYSE:V) Institutional Positions Chart

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