Harrell Investment Partners LLC Has $5.12 Million Position in Visa Inc. (NYSE:V)

Harrell Investment Partners LLC lowered its stake in shares of Visa Inc. (NYSE:V - Free Report) by 7.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,619 shares of the credit-card processor's stock after selling 1,210 shares during the period. Visa comprises about 1.5% of Harrell Investment Partners LLC's investment portfolio, making the stock its 26th biggest holding. Harrell Investment Partners LLC's holdings in Visa were worth $5,123,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Bradley & Co. Private Wealth Management LLC bought a new position in shares of Visa during the 4th quarter valued at $27,000. Compass Planning Associates Inc bought a new position in shares of Visa during the 4th quarter valued at $32,000. NewSquare Capital LLC bought a new position in shares of Visa during the 4th quarter valued at $35,000. FPC Investment Advisory Inc. raised its holdings in shares of Visa by 377.3% during the 4th quarter. FPC Investment Advisory Inc. now owns 105 shares of the credit-card processor's stock valued at $36,000 after purchasing an additional 83 shares in the last quarter. Finally, Sellwood Investment Partners LLC bought a new position in shares of Visa during the 4th quarter valued at $41,000. Institutional investors and hedge funds own 82.15% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on V shares. Citigroup initiated coverage on shares of Visa in a report on Monday, June 2nd. They set a "buy" rating on the stock. Evercore ISI initiated coverage on shares of Visa in a report on Wednesday, April 9th. They issued an "in-line" rating and a $330.00 target price on the stock. BMO Capital Markets lifted their target price on shares of Visa from $370.00 to $380.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. UBS Group lifted their target price on shares of Visa from $395.00 to $405.00 and gave the stock a "buy" rating in a report on Wednesday, May 28th. Finally, Barclays reiterated an "overweight" rating on shares of Visa in a report on Friday, June 13th. Five analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Visa presently has an average rating of "Moderate Buy" and a consensus price target of $372.80.

Insider Buying and Selling at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the business's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $362.77, for a total value of $3,127,077.40. Following the transaction, the chief executive officer now directly owns 537 shares in the company, valued at $194,807.49. The trade was a 94.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Paul D. Fabara sold 11,636 shares of the business's stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $375.00, for a total transaction of $4,363,500.00. Following the completion of the transaction, the insider now owns 26,413 shares in the company, valued at approximately $9,904,875. This trade represents a 30.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 101,098 shares of company stock worth $36,738,526 over the last ninety days. Corporate insiders own 0.13% of the company's stock.

Visa Price Performance

Shares of Visa stock opened at $340.16 on Thursday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.08 and a current ratio of 1.08. The firm's 50-day simple moving average is $351.38 and its 200-day simple moving average is $338.20. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $375.51. The firm has a market cap of $627.64 billion, a P/E ratio of 34.19, a price-to-earnings-growth ratio of 2.41 and a beta of 0.94.

Visa (NYSE:V - Get Free Report) last issued its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, beating the consensus estimate of $2.68 by $0.08. Visa had a net margin of 52.86% and a return on equity of 56.28%. The business had revenue of $9.59 billion for the quarter, compared to analyst estimates of $9.57 billion. During the same period in the previous year, the business earned $2.51 EPS. The firm's revenue was up 9.3% on a year-over-year basis. As a group, research analysts expect that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th were given a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $2.36 annualized dividend and a dividend yield of 0.69%. Visa's dividend payout ratio (DPR) is currently 23.72%.

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.

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