Visa Inc. (NYSE:V) Shares Sold by Private Harbour Investment Management & Counsel LLC

Private Harbour Investment Management & Counsel LLC lowered its holdings in shares of Visa Inc. (NYSE:VFree Report) by 6.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,657 shares of the credit-card processor’s stock after selling 551 shares during the period. Visa comprises 2.3% of Private Harbour Investment Management & Counsel LLC’s portfolio, making the stock its 17th largest holding. Private Harbour Investment Management & Counsel LLC’s holdings in Visa were worth $1,994,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Dynamic Advisor Solutions LLC increased its position in Visa by 11.1% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 36,526 shares of the credit-card processor’s stock worth $9,485,000 after purchasing an additional 3,652 shares during the last quarter. JGP Wealth Management LLC increased its position in Visa by 2.0% during the fourth quarter. JGP Wealth Management LLC now owns 3,237 shares of the credit-card processor’s stock worth $843,000 after purchasing an additional 65 shares during the last quarter. GSG Advisors LLC acquired a new position in Visa during the fourth quarter worth approximately $226,000. Falcon Wealth Planning increased its position in Visa by 17.9% during the fourth quarter. Falcon Wealth Planning now owns 1,263 shares of the credit-card processor’s stock worth $329,000 after purchasing an additional 192 shares during the last quarter. Finally, KMG Fiduciary Partners LLC increased its position in Visa by 4.0% during the fourth quarter. KMG Fiduciary Partners LLC now owns 13,607 shares of the credit-card processor’s stock worth $3,543,000 after purchasing an additional 523 shares during the last quarter. Institutional investors and hedge funds own 81.35% of the company’s stock.

Insider Buying and Selling

In other Visa news, insider Rajat Taneja sold 36,546 shares of the firm’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $270.20, for a total transaction of $9,874,729.20. Following the transaction, the insider now owns 232,112 shares of the company’s stock, valued at approximately $62,716,662.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO Ryan Mcinerney sold 8,150 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $273.39, for a total transaction of $2,228,128.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Rajat Taneja sold 36,546 shares of the firm’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $270.20, for a total transaction of $9,874,729.20. Following the transaction, the insider now owns 232,112 shares of the company’s stock, valued at approximately $62,716,662.40. The disclosure for this sale can be found here. Insiders have sold a total of 47,311 shares of company stock valued at $12,832,129 in the last quarter. Company insiders own 0.19% of the company’s stock.

Visa Stock Performance

Shares of Visa stock traded up $0.94 during trading hours on Tuesday, reaching $285.99. The company’s stock had a trading volume of 786,910 shares, compared to its average volume of 5,382,185. The company’s 50 day simple moving average is $276.32 and its 200 day simple moving average is $256.89. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.45 and a current ratio of 1.45. Visa Inc. has a one year low of $216.14 and a one year high of $289.04. The stock has a market cap of $525.22 billion, a P/E ratio of 32.90, a price-to-earnings-growth ratio of 1.95 and a beta of 0.96.

Visa (NYSE:VGet Free Report) last posted its quarterly earnings results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.34 by $0.07. Visa had a net margin of 53.92% and a return on equity of 50.02%. The company had revenue of $8.63 billion for the quarter, compared to the consensus estimate of $8.55 billion. During the same period last year, the firm posted $2.18 EPS. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. As a group, analysts expect that Visa Inc. will post 9.9 EPS for the current fiscal year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 9th were issued a $0.52 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.73%. Visa’s dividend payout ratio (DPR) is presently 23.94%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Monness Crespi & Hardt began coverage on shares of Visa in a research report on Wednesday, December 20th. They set a “neutral” rating for the company. William Blair reissued an “outperform” rating on shares of Visa in a research report on Friday, January 26th. KeyCorp increased their price objective on shares of Visa from $275.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday, January 8th. UBS Group increased their price objective on shares of Visa from $305.00 to $315.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. Finally, Wells Fargo & Company increased their price objective on shares of Visa from $300.00 to $325.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. Four research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $293.30.

Get Our Latest Analysis on V

About Visa

(Free Report)

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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