Visa Inc. (NYSE:V) is Blue Zone Wealth Advisors LLC’s 10th Largest Position

Blue Zone Wealth Advisors LLC trimmed its stake in Visa Inc. (NYSE:V) by 5.3% during the 1st quarter, HoldingsChannel reports. The fund owned 22,549 shares of the credit-card processor’s stock after selling 1,272 shares during the quarter. Visa comprises 2.2% of Blue Zone Wealth Advisors LLC’s holdings, making the stock its 10th biggest position. Blue Zone Wealth Advisors LLC’s holdings in Visa were worth $7,903,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of V. Blue Rock Wealth Management LLC bought a new position in Visa during the 4th quarter valued at about $306,000. Aptus Capital Advisors LLC boosted its stake in Visa by 19.8% in the 4th quarter. Aptus Capital Advisors LLC now owns 182,658 shares of the credit-card processor’s stock worth $57,727,000 after purchasing an additional 30,185 shares during the period. King Wealth Management Group boosted its holdings in shares of Visa by 9.0% during the 4th quarter. King Wealth Management Group now owns 74,874 shares of the credit-card processor’s stock valued at $23,663,000 after purchasing an additional 6,172 shares during the last quarter. Eagle Strategies LLC boosted its stake in Visa by 2.5% during the fourth quarter. Eagle Strategies LLC now owns 2,568 shares of the credit-card processor’s stock valued at $811,000 after buying an additional 63 shares during the last quarter. Finally, Generali Investments CEE investicni spolecnost a.s. bought a new position in Visa during the fourth quarter valued at $10,163,000. Institutional investors own 82.15% of the company’s stock.

Visa Price Performance

Shares of V opened at $370.44 on Friday. The company has a market capitalization of $683.52 billion, a P/E ratio of 37.34, a P/E/G ratio of 2.33 and a beta of 0.96. The business’s 50-day moving average is $345.45 and its two-hundred day moving average is $335.50. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $371.00.

Visa (NYSE:V) last announced its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.68 by $0.08. Visa had a net margin of 54.27% and a return on equity of 54.79%. The firm had revenue of $9.59 billion for the quarter, compared to the consensus estimate of $9.57 billion. During the same period in the prior year, the firm posted $2.51 earnings per share. The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. Research analysts predict that Visa Inc. will post 11.3 earnings per share for the current 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 dividend on an annualized basis and a dividend yield of 0.64%. Visa’s dividend payout ratio (DPR) is 23.72%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on V shares. Macquarie cut their target price on Visa from $400.00 to $380.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 30th. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of Visa in a research report on Thursday, February 13th. Evercore ISI started coverage on shares of Visa in a report on Wednesday, April 9th. They issued an “in-line” rating and a $330.00 price target for the company. Susquehanna restated a “positive” rating on shares of Visa in a research note on Friday, March 21st. Finally, BMO Capital Markets increased their target price on shares of Visa from $370.00 to $380.00 and gave the company an “outperform” rating in a research report on Wednesday, April 30th. Five investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Visa currently has a consensus rating of “Moderate Buy” and an average target price of $372.80.

Insider Activity

In other news, insider Paul D. Fabara sold 39,350 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $327.20, for a total transaction of $12,875,320.00. Following the transaction, the insider now directly owns 26,413 shares in the company, valued at $8,642,333.60. The trade was a 59.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of the company’s stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $345.58, for a total value of $889,868.50. Following the completion of the sale, the general counsel now owns 11,925 shares of the company’s stock, valued at approximately $4,121,041.50. The trade was a 17.76% 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 90 days. 0.13% of the stock is currently owned by company insiders.

Visa 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.