Harbor Investment Advisory LLC Has $11.46 Million Stock Position in Visa Inc. (NYSE:V)

Harbor Investment Advisory LLC grew its stake in Visa Inc. (NYSE:V) by 4.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 41,069 shares of the credit-card processor’s stock after purchasing an additional 1,595 shares during the period. Visa makes up approximately 1.1% of Harbor Investment Advisory LLC’s holdings, making the stock its 11th largest holding. Harbor Investment Advisory LLC’s holdings in Visa were worth $11,462,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Financial Synergies Wealth Advisors Inc. grew its stake in shares of Visa by 755.6% in the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 616 shares of the credit-card processor’s stock valued at $172,000 after purchasing an additional 544 shares during the period. Global Assets Advisory LLC bought a new stake in Visa during the 1st quarter worth approximately $167,763,000. Traynor Capital Management Inc. grew its position in Visa by 3.5% during the 1st quarter. Traynor Capital Management Inc. now owns 41,634 shares of the credit-card processor’s stock worth $11,619,000 after acquiring an additional 1,391 shares during the last quarter. Peak Financial Advisors LLC bought a new stake in Visa during the 1st quarter worth approximately $2,505,000. Finally, Lloyd Advisory Services LLC. grew its position in Visa by 619.9% during the 1st quarter. Lloyd Advisory Services LLC. now owns 7,530 shares of the credit-card processor’s stock worth $2,102,000 after acquiring an additional 6,484 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Ryan Mcinerney sold 8,200 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $280.36, for a total value of $2,298,952.00. Following the completion of the transaction, the chief executive officer now owns 538 shares in the company, valued at approximately $150,833.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Paul D. Fabara sold 25,293 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $277.15, for a total value of $7,009,954.95. Following the completion of the transaction, the insider now owns 17,894 shares in the company, valued at approximately $4,959,322.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ryan Mcinerney sold 8,200 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $280.36, for a total value of $2,298,952.00. Following the completion of the transaction, the chief executive officer now owns 538 shares of the company’s stock, valued at approximately $150,833.68. The disclosure for this sale can be found here. In the last 90 days, insiders sold 34,402 shares of company stock worth $9,559,382. Corporate insiders own 0.19% of the company’s stock.

Visa Price Performance

V stock opened at $276.17 on Tuesday. The stock has a 50-day moving average price of $274.07 and a two-hundred day moving average price of $273.29. The stock has a market cap of $505.10 billion, a PE ratio of 30.86, a price-to-earnings-growth ratio of 1.88 and a beta of 0.97. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.53. Visa Inc. has a 1 year low of $226.02 and a 1 year high of $290.96.

Visa (NYSE:V) last released its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.43 by $0.08. The firm had revenue of $8.78 billion during the quarter, compared to analysts’ expectations of $8.62 billion. Visa had a return on equity of 51.23% and a net margin of 53.87%. The company’s revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.09 EPS. Equities analysts forecast that Visa Inc. will post 9.94 EPS for the current fiscal year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Friday, May 17th were issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend was Thursday, May 16th. Visa’s dividend payout ratio (DPR) is presently 23.24%.

Analyst Ratings Changes

A number of equities research analysts recently commented on V shares. Wells Fargo & Company increased their price target on Visa from $300.00 to $325.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. Oppenheimer increased their price target on Visa from $297.00 to $299.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Macquarie increased their price target on Visa from $290.00 to $300.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Evercore ISI upped their price objective on Visa from $325.00 to $335.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. Finally, Wedbush upped their price objective on Visa from $280.00 to $300.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Five equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to MarketBeat, Visa presently has an average rating of “Moderate Buy” and a consensus target price of $303.76.

Visa Company 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.