Blue Zone Wealth Advisors LLC Purchases 1,621 Shares of Visa Inc. $V

Blue Zone Wealth Advisors LLC lifted its position in shares of Visa Inc. (NYSE:V - Free Report) by 7.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,170 shares of the credit-card processor's stock after purchasing an additional 1,621 shares during the quarter. Visa accounts for 2.1% of Blue Zone Wealth Advisors LLC's portfolio, making the stock its 11th largest position. Blue Zone Wealth Advisors LLC's holdings in Visa were worth $8,582,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in V. Yeomans Consulting Group Inc. lifted its position in Visa by 2.9% in the 1st quarter. Yeomans Consulting Group Inc. now owns 1,027 shares of the credit-card processor's stock valued at $360,000 after acquiring an additional 29 shares in the last quarter. Semus Wealth Partners LLC lifted its position in Visa by 0.8% in the 1st quarter. Semus Wealth Partners LLC now owns 3,449 shares of the credit-card processor's stock valued at $1,209,000 after acquiring an additional 29 shares in the last quarter. BankPlus Wealth Management LLC lifted its position in Visa by 0.9% in the 2nd quarter. BankPlus Wealth Management LLC now owns 3,338 shares of the credit-card processor's stock valued at $1,185,000 after acquiring an additional 29 shares in the last quarter. Wood Tarver Financial Group LLC lifted its position in Visa by 11.1% in the 1st quarter. Wood Tarver Financial Group LLC now owns 301 shares of the credit-card processor's stock valued at $105,000 after acquiring an additional 30 shares in the last quarter. Finally, Synergy Investment Management LLC lifted its position in Visa by 5.3% in the 1st quarter. Synergy Investment Management LLC now owns 597 shares of the credit-card processor's stock valued at $209,000 after acquiring an additional 30 shares in the last quarter. 82.15% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Macquarie boosted their price objective on shares of Visa from $380.00 to $425.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Visa in a research report on Wednesday, October 8th. Erste Group Bank cut shares of Visa from a "buy" rating to a "hold" rating in a research report on Monday, September 22nd. Oppenheimer lifted their price target on shares of Visa from $390.00 to $391.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Visa in a research note on Thursday, July 17th. They issued a "buy" rating and a $410.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $389.00.

Visa Stock Up 1.5%

Visa stock opened at $348.39 on Wednesday. The firm has a market capitalization of $638.53 billion, a PE ratio of 34.02, a P/E/G ratio of 2.03 and a beta of 0.90. The company's 50-day moving average is $344.01 and its 200-day moving average is $346.98. Visa Inc. has a fifty-two week low of $278.35 and a fifty-two week high of $375.51. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.12 and a quick ratio of 1.12.

Visa (NYSE:V - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share for the quarter, topping the consensus estimate of $2.85 by $0.13. The company had revenue of $10.17 billion for the quarter, compared to analyst estimates of $9.82 billion. Visa had a net margin of 52.16% and a return on equity of 58.93%. Visa's revenue for the quarter was up 14.3% compared to the same quarter last year. During the same period in the previous year, the business earned $2.42 EPS. Sell-side analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 12th were paid a dividend of $0.59 per share. The ex-dividend date was Tuesday, August 12th. This represents a $2.36 annualized dividend and a dividend yield of 0.7%. Visa's payout ratio is currently 23.05%.

Insider Activity

In other news, CEO Ryan Mcinerney sold 10,485 shares of the business's stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $342.30, for a total transaction of $3,589,015.50. Following the transaction, the chief executive officer directly owned 537 shares in the company, valued at $183,815.10. The trade was a 95.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of the business's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $344.02, for a total transaction of $697,328.54. Following the transaction, the general counsel owned 11,925 shares in the company, valued at $4,102,438.50. This represents a 14.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.13% of the stock is owned by insiders.

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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