Bar Harbor Wealth Management Sells 184 Shares of Visa Inc. (NYSE:V)

Bar Harbor Wealth Management reduced its position in shares of Visa Inc. (NYSE:V) by 1.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,263 shares of the credit-card processor’s stock after selling 184 shares during the quarter. Bar Harbor Wealth Management’s holdings in Visa were worth $3,876,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Inspire Advisors LLC acquired a new position in shares of Visa in the second quarter valued at $218,000. Thompson Siegel & Walmsley LLC grew its stake in Visa by 11.0% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 21,482 shares of the credit-card processor’s stock valued at $5,638,000 after buying an additional 2,128 shares during the last quarter. Brown Brothers Harriman & Co. raised its holdings in Visa by 4.6% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 81,315 shares of the credit-card processor’s stock valued at $21,343,000 after acquiring an additional 3,595 shares during the period. Fairfield Financial Advisors LTD acquired a new stake in Visa during the second quarter worth approximately $4,041,000. Finally, Abound Wealth Management boosted its holdings in shares of Visa by 8.4% during the second quarter. Abound Wealth Management now owns 843 shares of the credit-card processor’s stock worth $221,000 after acquiring an additional 65 shares during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insider Transactions at Visa

In other news, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total value of $2,739,263.60. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Paul D. Fabara sold 2,171 shares of Visa stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total transaction of $668,602.87. Following the transaction, the insider now directly owns 17,894 shares of the company’s stock, valued at $5,510,815.18. This represents a 10.82 % decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is owned by company insiders.

Visa Trading Down 0.4 %

Shares of V stock opened at $306.59 on Tuesday. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $321.61. The stock’s fifty day simple moving average is $312.44 and its 200 day simple moving average is $287.32. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $571.14 billion, a P/E ratio of 31.51, a P/E/G ratio of 2.11 and a beta of 0.96.

Visa (NYSE:V) last released its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share for the quarter, topping the consensus estimate of $2.58 by $0.13. The company had revenue of $9.62 billion for the quarter, compared to analysts’ expectations of $9.49 billion. Visa had a return on equity of 53.16% and a net margin of 54.96%. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period in the previous year, the business posted $2.33 earnings per share. As a group, sell-side analysts predict that Visa Inc. will post 11.23 EPS for the current fiscal year.

Visa Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th were paid a dividend of $0.59 per share. The ex-dividend date was Tuesday, November 12th. This represents a $2.36 annualized dividend and a dividend yield of 0.77%. This is an increase from Visa’s previous quarterly dividend of $0.52. Visa’s dividend payout ratio (DPR) is presently 24.25%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on V shares. Oppenheimer increased their price objective on Visa from $321.00 to $375.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Mizuho lifted their price objective on shares of Visa from $279.00 to $292.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Robert W. Baird increased their target price on shares of Visa from $330.00 to $340.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Wells Fargo & Company lifted their price target on shares of Visa from $325.00 to $360.00 and gave the company an “overweight” rating in a research report on Friday, January 3rd. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Visa from $300.00 to $340.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $330.85.

About Visa

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.