Blue Zone Wealth Advisors LLC Has $7.90 Million Position in Visa Inc. (NYSE:V)

Blue Zone Wealth Advisors LLC decreased its position in Visa Inc. (NYSE:V) by 5.3% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 22,549 shares of the credit-card processor’s stock after selling 1,272 shares during the period. Visa comprises 2.2% of Blue Zone Wealth Advisors LLC’s portfolio, making the stock its 10th biggest position. Blue Zone Wealth Advisors LLC’s holdings in Visa were worth $7,903,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Bradley & Co. Private Wealth Management LLC acquired a new position in Visa during the fourth quarter worth approximately $27,000. POM Investment Strategies LLC boosted its holdings in Visa by 48.5% in the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock valued at $31,000 after purchasing an additional 32 shares during the period. Compass Planning Associates Inc acquired a new stake in Visa during the fourth quarter worth approximately $32,000. NewSquare Capital LLC acquired a new stake in shares of Visa during the 4th quarter worth $35,000. Finally, FPC Investment Advisory Inc. increased its holdings in Visa by 377.3% in the 4th quarter. FPC Investment Advisory Inc. now owns 105 shares of the credit-card processor’s stock valued at $36,000 after buying an additional 83 shares during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on V. Macquarie lowered their target price on Visa from $400.00 to $380.00 and set an “outperform” rating for the company in a research note on Wednesday, April 30th. The Goldman Sachs Group initiated coverage on Visa in a research report on Monday. They issued a “neutral” rating on the stock. Citigroup assumed coverage on shares of Visa in a research note on Monday. They issued a “buy” rating on the stock. Jefferies Financial Group raised their target price on Visa from $400.00 to $410.00 and gave the stock a “buy” rating in a research note on Tuesday, May 27th. Finally, Susquehanna reaffirmed a “positive” rating on shares of Visa in a research note on Friday, March 21st. Five research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Visa currently has an average rating of “Moderate Buy” and a consensus target price of $372.80.

Insider Activity

In other news, General Counsel Julie B. Rottenberg sold 2,575 shares of the firm’s stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $345.58, for a total transaction of $889,868.50. Following the sale, the general counsel now owns 11,925 shares in the company, valued at approximately $4,121,041.50. This trade represents a 17.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $350.44, for a total transaction of $3,020,792.80. Following the completion of the sale, the chief executive officer now directly owns 537 shares of the company’s stock, valued at $188,186.28. This represents a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 168,162 shares of company stock worth $58,645,479 over the last ninety days. Company insiders own 0.13% of the company’s stock.

Visa Stock Performance

V stock opened at $370.44 on Friday. The business has a 50 day moving average of $345.45 and a 200-day moving average of $335.50. The company has a quick ratio of 1.12, a current 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 $371.00. The firm has a market cap of $683.52 billion, a PE ratio of 37.34, a P/E/G ratio of 2.33 and a beta of 0.96.

Visa (NYSE:V) last announced its quarterly earnings data 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 return on equity of 54.79% and a net margin of 54.27%. The business had revenue of $9.59 billion during the quarter, compared to analyst estimates of $9.57 billion. During the same period in the prior year, the company earned $2.51 earnings per share. Visa’s revenue was up 9.3% compared to the same quarter last year. As a group, sell-side analysts expect that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th were given a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.64%. The ex-dividend date of this dividend was Tuesday, May 13th. Visa’s dividend payout ratio (DPR) is presently 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.