8,759 Visa Inc. $V Shares Sold by Blue Zone Wealth Advisors LLC

Key Points

• Blue Zone Wealth Advisors cut its Visa position by 31% in the third quarter, selling 8,759 shares and retaining 19,459 shares worth approximately $6.99 million. Institutional investors collectively own 82.15% of Visa.
• Visa reported quarterly earnings of $3.32 per share, exceeding estimates, while revenue rose 14.4% year over year to $11.63 billion. The company also pays a quarterly dividend of $0.67, equivalent to a 0.7% annual yield.
• Analysts remain bullish, with Visa holding a consensus “Buy” rating and an average price target of $426.12; recent growth initiatives include crypto payments, expanded online checkout tools and international corporate-card distribution.

Blue Zone Wealth Advisors LLC trimmed its position in Visa Inc. (NYSE:V - Free Report) by 31.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,459 shares of the credit-card processor's stock after selling 8,759 shares during the period. Visa comprises 1.1% of Blue Zone Wealth Advisors LLC's portfolio, making the stock its 20th biggest holding. Blue Zone Wealth Advisors LLC's holdings in Visa were worth $6,992,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of V. Arlington Financial Advisors LLC grew its position in shares of Visa by 3.9% during the third quarter. Arlington Financial Advisors LLC now owns 2,850 shares of the credit-card processor's stock worth $1,024,000 after purchasing an additional 108 shares in the last quarter. Breachway Investments LLC raised its stake in Visa by 16.9% during the 3rd quarter. Breachway Investments LLC now owns 692 shares of the credit-card processor's stock valued at $249,000 after purchasing an additional 100 shares during the period. Maia Wealth LLC raised its stake in Visa by 9.0% during the 3rd quarter. Maia Wealth LLC now owns 16,106 shares of the credit-card processor's stock valued at $5,788,000 after purchasing an additional 1,336 shares during the period. Ridgecrest Wealth Partners LLC lifted its holdings in Visa by 8.0% in the 3rd quarter. Ridgecrest Wealth Partners LLC now owns 786 shares of the credit-card processor's stock worth $282,000 after purchasing an additional 58 shares in the last quarter. Finally, Tanager Wealth Management LLP lifted its holdings in Visa by 14.1% in the 3rd quarter. Tanager Wealth Management LLP now owns 2,109 shares of the credit-card processor's stock worth $758,000 after purchasing an additional 260 shares in the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Visa news, General Counsel Julie Rottenberg sold 1,867 shares of the firm's stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $368.34, for a total value of $687,690.78. Following the completion of the sale, the general counsel owned 18,404 shares of the company's stock, valued at $6,778,929.36. This trade represents a 9.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ryan Mcinerney sold 5,875 shares of the business's stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $358.81, for a total value of $2,108,008.75. Following the transaction, the chief executive officer owned 15,174 shares of the company's stock, valued at $5,444,582.94. This trade represents a 27.91% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 78,792 shares of company stock valued at $28,863,319 in the last ninety days. 0.12% of the stock is owned by company insiders.

Visa Stock Up 0.1%

Shares of NYSE:V opened at $402.96 on Tuesday. The company has a market cap of $719.06 billion, a price-to-earnings ratio of 31.50, a PEG ratio of 1.89 and a beta of 0.77. Visa Inc. has a 12 month low of $293.89 and a 12 month high of $404.74. The company has a 50-day moving average price of $373.57 and a 200 day moving average price of $347.33. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.60.

Visa (NYSE:V - Get Free Report) last released its earnings results on Tuesday, July 28th. The credit-card processor reported $3.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.23 by $0.09. Visa had a net margin of 50.78% and a return on equity of 67.68%. The firm had revenue of $11.63 billion during the quarter, compared to analyst estimates of $11.40 billion. During the same quarter last year, the business earned $2.98 EPS. The business's revenue was up 14.4% on a year-over-year basis. As a group, equities research analysts predict that Visa Inc. will post 13.22 earnings per share for the current year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th were given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Tuesday, August 11th. Visa's dividend payout ratio is 22.79%.

Wall Street Analyst Weigh In

V has been the subject of several recent analyst reports. BMO Capital Markets restated an "outperform" rating and issued a $425.00 price target on shares of Visa in a research note on Thursday. Truist Financial set a $406.00 price objective on shares of Visa and gave the company a "buy" rating in a report on Wednesday, August 5th. Cantor Fitzgerald set a $445.00 price objective on shares of Visa and gave the company an "overweight" rating in a research report on Monday, August 3rd. Argus boosted their target price on shares of Visa from $396.00 to $420.00 and gave the stock a "buy" rating in a report on Friday, July 31st. Finally, Piper Sandler restated an "overweight" rating and set a $430.00 target price (up from $394.00) on shares of Visa in a research report on Wednesday, July 29th. Three research analysts have rated the stock with a Strong Buy rating and thirty-four have assigned a Buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $426.12.

Visa News Summary

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Crypto payments partnership expands Visa’s addressable market. Visa and Mesh are developing a system that would allow consumers to spend cryptocurrency and stablecoin balances directly from participating digital wallets at more than 175 million merchants in over 200 countries. Users would not need a separate crypto card or manual conversion to cash, while merchants could continue using Visa’s existing checkout infrastructure. The initiative could increase transaction volume and strengthen Visa’s relevance as digital-asset payments develop. Visa, Mesh partner to enable crypto spending at 175M merchant locations
• Positive Sentiment: Visa is broadening its U.K. online-merchant reach. Barclaycard Payments is integrating Visa’s Unified Checkout solution, which simplifies online payments and supports digital wallets. Wider adoption of Visa’s tools could boost e-commerce transactions and reinforce its competitive position. Visa Expands U.K. Merchant Reach With Barclaycard Checkout Deal
• Positive Sentiment: Corporate-card distribution is expanding internationally. Newline by Fifth Third will enable eligible U.S. fintechs to offer Visa corporate cards in more than 40 countries through Visa’s Multinational Program, potentially supporting commercial-payment volume and fee growth. Newline and Visa corporate-card collaboration
• Positive Sentiment: Long-term growth expectations remain optimistic. Commentary points to Visa’s scale, high margins and the continued shift from cash to electronic payments as reasons the company could reach a $1 trillion valuation by 2030. Visa’s recent gains and potential fourth-quarter dividend increase may also be supporting investor sentiment. Prediction: Visa Will Be a $1 Trillion Company by 2030
• Neutral Sentiment: China remains a potential but uncertain catalyst. Visa has waited years for access to China’s domestic card market, but regulatory permission to prepare for entry does not guarantee meaningful near-term revenue. Investors may view the opportunity positively while remaining cautious about execution and timing. Visa’s potential China domestic card-market entry

Visa Company Profile

Visa Inc NYSE: V is a global payments technology company that facilitates electronic payments between consumers, businesses, financial institutions and governments. Through its VisaNet network, the company authorizes, clears and settles transactions made with Visa-branded credit, debit and prepaid cards, while generally not issuing cards, extending credit or setting cardholder account terms.

Visa provides payment products and services for consumer, commercial and government payments, as well as digital commerce and money movement.

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