Private Harbour Investment Management & Counsel LLC Has $2.25 Million Holdings in Visa Inc. (NYSE:V)

Private Harbour Investment Management & Counsel LLC trimmed its holdings in Visa Inc. (NYSE:V) by 4.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,122 shares of the credit-card processor’s stock after selling 347 shares during the period. Visa comprises about 2.5% of Private Harbour Investment Management & Counsel LLC’s investment portfolio, making the stock its 16th largest holding. Private Harbour Investment Management & Counsel LLC’s holdings in Visa were worth $2,251,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of V. Howard Capital Management Group LLC lifted its holdings in shares of Visa by 0.6% in the third quarter. Howard Capital Management Group LLC now owns 106,355 shares of the credit-card processor’s stock valued at $29,242,000 after purchasing an additional 610 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Visa by 7.7% in the 3rd quarter. Principal Financial Group Inc. now owns 5,733,284 shares of the credit-card processor’s stock valued at $1,576,366,000 after acquiring an additional 411,210 shares in the last quarter. Algert Global LLC acquired a new position in Visa during the 3rd quarter worth approximately $1,778,000. Truvestments Capital LLC bought a new position in shares of Visa during the 3rd quarter worth approximately $133,000. Finally, Horizon Kinetics Asset Management LLC raised its holdings in shares of Visa by 4.6% in the third quarter. Horizon Kinetics Asset Management LLC now owns 4,539 shares of the credit-card processor’s stock valued at $1,248,000 after purchasing an additional 200 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Oppenheimer restated an “outperform” rating on shares of Visa in a report on Thursday, February 13th. Piper Sandler restated an “overweight” rating and set a $383.00 price objective (up from $368.00) on shares of Visa in a research note on Friday, January 31st. StockNews.com raised Visa from a “hold” rating to a “buy” rating in a research report on Thursday, March 20th. Bank of America increased their price target on Visa from $331.00 to $363.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Finally, Wells Fargo & Company boosted their price target on Visa from $360.00 to $395.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Six analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Visa has an average rating of “Moderate Buy” and a consensus price target of $353.96.

Visa Stock Performance

NYSE V opened at $344.95 on Wednesday. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $366.54. The firm has a 50-day moving average price of $341.94 and a two-hundred day moving average price of $314.21. The company has a market capitalization of $640.84 billion, a P/E ratio of 34.77, a P/E/G ratio of 2.33 and a beta of 0.95. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45.

Visa (NYSE:V) last issued its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. Analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend was Tuesday, February 11th. Visa’s dividend payout ratio (DPR) is presently 23.79%.

Insider Buying and Selling

In other Visa news, CAO Peter M. Andreski sold 2,332 shares of Visa stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $349.62, for a total value of $815,313.84. Following the transaction, the chief accounting officer now owns 4,488 shares in the company, valued at $1,569,094.56. The trade was a 34.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Paul D. Fabara sold 39,350 shares of the business’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $327.20, for a total value of $12,875,320.00. Following the transaction, the insider now directly owns 26,413 shares of the company’s stock, valued at approximately $8,642,333.60. The trade was a 59.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 143,205 shares of company stock valued at $48,560,961 over the last quarter. 0.13% of the stock is owned by company insiders.

Visa Profile

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.