Visa Inc. (NYSE:V) is Bank Julius Baer & Co. Ltd Zurich's 6th Largest Position

Bank Julius Baer & Co. Ltd Zurich cut its holdings in Visa Inc. (NYSE:V - Free Report) by 2.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,595,954 shares of the credit-card processor's stock after selling 64,499 shares during the quarter. Visa makes up about 3.3% of Bank Julius Baer & Co. Ltd Zurich's holdings, making the stock its 6th biggest holding. Bank Julius Baer & Co. Ltd Zurich owned 0.14% of Visa worth $998,005,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. von Borstel & Associates Inc. purchased a new position in Visa in the first quarter worth about $27,000. Sellwood Investment Partners LLC purchased a new position in shares of Visa during the fourth quarter valued at approximately $41,000. Mountain Hill Investment Partners Corp. purchased a new position in shares of Visa during the fourth quarter valued at approximately $47,000. Measured Risk Portfolios Inc. purchased a new position in shares of Visa during the fourth quarter valued at approximately $47,000. Finally, O Brien Wealth Partners LLC purchased a new position in shares of Visa during the first quarter valued at approximately $54,000. 82.15% of the stock is owned by hedge funds and other institutional investors.

Visa Trading Up 0.3%

Shares of V stock traded up $1.08 on Tuesday, hitting $352.02. 1,359,650 shares of the stock traded hands, compared to its average volume of 6,768,300. The firm's 50-day moving average price is $356.82 and its two-hundred day moving average price is $344.02. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a market capitalization of $649.53 billion, a PE ratio of 35.39, a PEG ratio of 2.36 and a beta of 0.92. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $375.51.

Visa (NYSE:V - Get Free Report) last announced its quarterly earnings results 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. The firm had revenue of $9.59 billion for the quarter, compared to analysts' expectations of $9.57 billion. Visa had a net margin of 52.86% and a return on equity of 56.28%. The company's revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.51 EPS. As a group, analysts anticipate that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th were paid a dividend of $0.59 per share. The ex-dividend date was Tuesday, May 13th. This represents a $2.36 dividend on an annualized basis and a yield of 0.67%. Visa's dividend payout ratio (DPR) is presently 23.72%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on V shares. Mizuho upgraded shares of Visa from a "neutral" rating to an "outperform" rating and upped their price target for the stock from $359.00 to $425.00 in a research report on Thursday, June 5th. Wall Street Zen raised shares of Visa from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $410.00 price target on shares of Visa in a research note on Thursday, July 17th. Evercore ISI started coverage on shares of Visa in a research note on Wednesday, April 9th. They set an "in-line" rating and a $330.00 price target on the stock. Finally, Macquarie reduced their target price on shares of Visa from $400.00 to $380.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Five 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $375.52.

Insiders Place Their Bets

In other Visa news, insider Paul D. Fabara sold 11,636 shares of the business's stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $375.00, for a total transaction of $4,363,500.00. Following the sale, the insider directly owned 26,413 shares in the company, valued at $9,904,875. This represents a 30.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of the company's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $345.58, for a total transaction of $889,868.50. Following the sale, the general counsel owned 11,925 shares in the company, valued at $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 101,108 shares of company stock worth $36,771,200 over the last three months. Company insiders own 0.13% of the company's stock.

About Visa

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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