Private Harbour Investment Management & Counsel LLC trimmed its position in Visa Inc. (NYSE:V) by 2.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,680 shares of the credit-card processor’s stock after selling 402 shares during the quarter. Private Harbour Investment Management & Counsel LLC’s holdings in Visa were worth $1,470,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Wallington Asset Management LLC raised its stake in Visa by 3.8% in the second quarter. Wallington Asset Management LLC now owns 57,779 shares of the credit-card processor’s stock valued at $5,419,000 after purchasing an additional 2,090 shares in the last quarter. iAB Financial Bank raised its stake in Visa by 2.6% in the second quarter. iAB Financial Bank now owns 56,963 shares of the credit-card processor’s stock valued at $5,342,000 after purchasing an additional 1,423 shares in the last quarter. Carret Asset Management LLC raised its stake in Visa by 4.5% in the first quarter. Carret Asset Management LLC now owns 27,037 shares of the credit-card processor’s stock valued at $2,403,000 after purchasing an additional 1,153 shares in the last quarter. Cypress Asset Management Inc. TX raised its stake in Visa by 31.1% in the second quarter. Cypress Asset Management Inc. TX now owns 14,720 shares of the credit-card processor’s stock valued at $1,380,000 after purchasing an additional 3,495 shares in the last quarter. Finally, DE Burlo Group Inc. raised its stake in Visa by 65.9% in the first quarter. DE Burlo Group Inc. now owns 145,000 shares of the credit-card processor’s stock valued at $12,886,000 after purchasing an additional 57,600 shares in the last quarter. 82.46% of the stock is currently owned by hedge funds and other institutional investors.

Visa Inc. (V) opened at $111.98 on Wednesday. The company has a current ratio of 1.90, a quick ratio of 1.65 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $255,870.00, a price-to-earnings ratio of 32.15, a price-to-earnings-growth ratio of 1.64 and a beta of 0.98. Visa Inc. has a 52-week low of $75.17 and a 52-week high of $112.90.

Visa (NYSE:V) last announced its quarterly earnings data on Wednesday, October 25th. The credit-card processor reported $0.90 EPS for the quarter, beating the consensus estimate of $0.85 by $0.05. The business had revenue of $4.86 billion during the quarter, compared to analyst estimates of $4.63 billion. Visa had a return on equity of 31.80% and a net margin of 36.49%. The company’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.78 earnings per share. equities research analysts forecast that Visa Inc. will post 4.05 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 5th. Stockholders of record on Friday, November 17th will be given a $0.195 dividend. This represents a $0.78 annualized dividend and a dividend yield of 0.70%. The ex-dividend date is Thursday, November 16th. This is a positive change from Visa’s previous quarterly dividend of $0.17. Visa’s payout ratio is currently 24.54%.

In other news, Director Mary B. Cranston sold 10,400 shares of Visa stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $103.32, for a total value of $1,074,528.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.14% of the stock is owned by insiders.

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A number of brokerages recently weighed in on V. Zacks Investment Research raised shares of Visa from a “hold” rating to a “buy” rating and set a $123.00 target price on the stock in a research note on Thursday, November 2nd. Jefferies Group LLC raised their target price on shares of Visa from $125.00 to $127.00 and gave the company a “buy” rating in a research note on Monday, October 30th. Buckingham Research raised their target price on shares of Visa from $129.00 to $130.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. Nomura increased their price target on shares of Visa from $120.00 to $126.00 and gave the company a “buy” rating in a research report on Thursday, October 26th. Finally, Barclays PLC increased their price target on shares of Visa from $123.00 to $128.00 and gave the company an “overweight” rating in a research report on Thursday, October 26th. Three investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $116.08.

Visa Company Profile

Visa Inc (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the participants.

Institutional Ownership by Quarter for Visa (NYSE:V)

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