ESG Planning DBA Harper Investing Decreases Stock Holdings in Visa Inc. (NYSE:V)

ESG Planning DBA Harper Investing decreased its stake in Visa Inc. (NYSE:V) by 11.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,461 shares of the credit-card processor’s stock after selling 591 shares during the period. Visa accounts for about 1.0% of ESG Planning DBA Harper Investing’s holdings, making the stock its 24th biggest position. ESG Planning DBA Harper Investing’s holdings in Visa were worth $1,410,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of V. Brown Brothers Harriman & Co. raised its position in shares of Visa by 17.3% in the fourth quarter. Brown Brothers Harriman & Co. now owns 104,065 shares of the credit-card processor’s stock valued at $32,889,000 after purchasing an additional 15,356 shares during the period. RiverFront Investment Group LLC grew its holdings in Visa by 19.8% during the 4th quarter. RiverFront Investment Group LLC now owns 32,371 shares of the credit-card processor’s stock valued at $10,231,000 after buying an additional 5,343 shares in the last quarter. Horizon Investment Services LLC grew its stake in Visa by 4.5% during the fourth quarter. Horizon Investment Services LLC now owns 15,841 shares of the credit-card processor’s stock valued at $5,007,000 after acquiring an additional 682 shares in the last quarter. Level Four Advisory Services LLC grew its position in shares of Visa by 2.2% during the 4th quarter. Level Four Advisory Services LLC now owns 41,521 shares of the credit-card processor’s stock valued at $13,123,000 after purchasing an additional 898 shares in the last quarter. Finally, Vertex Planning Partners LLC bought a new position in Visa in the 4th quarter worth about $252,000. Institutional investors own 82.15% of the company’s stock.

Insider Buying and Selling at Visa

In other Visa news, insider Paul D. Fabara sold 39,350 shares of the stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $340.41, for a total transaction of $13,395,133.50. Following the sale, the insider now directly owns 26,413 shares in the company, valued at approximately $8,991,249.33. This trade represents a 59.84 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Peter M. Andreski sold 2,332 shares of Visa stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.62, for a total value of $815,313.84. Following the completion of the sale, the chief accounting officer now directly owns 4,488 shares of the company’s stock, valued at approximately $1,569,094.56. The trade was a 34.19 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 143,205 shares of company stock worth $48,560,961. 0.13% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on V. Bank of America upped their price objective on Visa from $331.00 to $363.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Seaport Res Ptn upgraded shares of Visa from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Barclays upped their price target on shares of Visa from $361.00 to $396.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Susquehanna reissued a “positive” rating on shares of Visa in a research note on Friday, March 21st. Finally, Oppenheimer restated an “outperform” rating on shares of Visa in a report on Thursday, February 13th. Five investment 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 company’s stock. According to data from MarketBeat, Visa has a consensus rating of “Moderate Buy” and a consensus target price of $355.84.

Visa Stock Performance

Shares of Visa stock opened at $342.62 on Friday. The business has a fifty day simple moving average of $343.60 and a two-hundred day simple moving average of $315.06. The firm has a market capitalization of $636.51 billion, a P/E ratio of 34.54, a P/E/G ratio of 2.33 and a beta of 0.95. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $366.54.

Visa (NYSE:V) last posted its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, topping the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. On average, equities analysts forecast that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend was Tuesday, February 11th. Visa’s dividend payout ratio (DPR) is presently 23.79%.

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.