Bar Harbor Trust Services reduced its position in Visa Inc. (NYSE:V – Get a rating) by 0.8% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund held 7,153 shares of the credit card processor after selling 58 shares during the period. Bar Harbor Trust Services’ holdings in Visa were worth $1,586,000 at the end of the last quarter.
A number of other institutional investors have also recently bought and sold shares of V. Atlas Brown Inc. increased its stake in Visa by 2.4% in the first quarter. Atlas Brown Inc. now owns 5,776 shares of the credit card processor valued at $1,281,000 after purchasing an additional 135 shares during the period. Absher Wealth Management LLC increased its stake in Visa by 1.5% in the first quarter. Absher Wealth Management LLC now owns 97,737 shares of the credit card processor valued at $21,675,000 after purchasing an additional 1,460 shares during the period. Family Legacy Inc. increased its stake in Visa by 1.2% in the first quarter. Family Legacy Inc. now owns 16,260 shares of the credit card processor valued at $3,606,000 after buying 188 additional shares during the period. First Financial Corp IN increased its stake in Visa by 10.6% in the first quarter. First Financial Corp IN now owns 5,955 shares of the credit card processor valued at $1,320,000 after buying an additional 570 shares during the period. Finally, Boenning & Scattergood Inc. increased its stake in Visa by 2.7% in the first quarter. Boenning & Scattergood Inc. now owns 10,095 shares of the credit card processor valued at $2,239,000 after buying 268 additional shares during the period. Institutional investors and hedge funds hold 80.77% of the company’s shares.
Shares of Stock V opened at $205.51 on Monday. The company has a debt ratio of 0.53, a quick ratio of 1.29 and a current ratio of 1.29. Visa Inc. has a 52-week minimum of $185.91 and a 52-week maximum of $252.67. The company has a market capitalization of $390.73 billion, a PE ratio of 32.31, a growth price-earnings ratio of 1.75 and a beta of 0.90. The company’s fifty-day moving average is $204.67 and its 200-day moving average is $212.21.
Visa (NYSE:V – Get a rating) last released its quarterly results on Tuesday, April 26. The credit card processor reported earnings per share of $1.79 for the quarter, beating analyst consensus estimates of $1.65 by $0.14. Visa had a return on equity of 42.89% and a net margin of 51.10%. The company posted revenue of $7.19 billion for the quarter, versus a consensus estimate of $6.82 billion. In the same quarter last year, the company posted earnings per share of $1.38. The company’s revenue for the quarter increased 25.5% year over year. On average, sell-side analysts expect Visa Inc. to post EPS of 7.16 for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 1. Shareholders of record on Friday, May 13 received a dividend of $0.375. The ex-dividend date was Thursday, May 12. This represents an annualized dividend of $1.50 and a dividend yield of 0.73%. Visa’s dividend payout ratio is currently 23.58%.
V has been the subject of a number of research analyst reports. Cowen lowered its price target on Visa from $276.00 to $254.00 and set an “outperform” rating on the stock in a Wednesday, April 27 research report. Cowen reduced his price target on Visa from $276.00 to $254.00 in a Wednesday, April 27 research note. Piper Sandler downgraded Visa from an “overweight” rating to a “neutral” rating and reduced its target price for the stock from $283.00 to $239.00 in a Friday, April 29 research note. Evercore ISI raised its price target on Visa from $304.00 to $310.00 and gave the stock an “outperform” rating in a Wednesday, April 27 report. To finish, StockNews.com upgraded Visa from a “hold” rating to a “buy” rating in a Thursday, April 28, report. Five research analysts gave the stock a hold rating and twenty-one gave the company’s stock a buy rating. According to data from MarketBeat.com, Visa currently has an average rating of “Moderate Buy” and an average price target of $267.44.
In related news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the company in a trade dated Thursday, March 31. The stock was sold at an average price of $223.91, for a total value of $2,015,190.00. The transaction was disclosed in a legal filing with the SEC, accessible via this hyperlink. Also, the president ryan mcineney sold 6,467 shares of the company in a transaction dated Friday, April 1. The stock was sold at an average price of $223.65, for a total value of $1,446,344.55. Disclosure of this sale can be found here. Last quarter, insiders sold 33,467 shares of the company worth $7,322,535. Insiders of the company own 0.21% of the shares of the company.
Visa profile (Get a rating)
Visa Inc operates as a worldwide payment technology company. The company facilitates digital payments between consumers, merchants, financial institutions, businesses, strategic partners and government entities. It operates VisaNet, a transaction processing network that enables the authorization, clearing and settlement of payment transactions.
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