Blue Zone Wealth Advisors LLC Boosts Holdings in Visa Inc. (NYSE:V)

Blue Zone Wealth Advisors LLC raised its holdings in Visa Inc. (NYSE:V) by 2.2% during the 4th quarter, Holdings Channel reports. The firm owned 23,821 shares of the credit-card processor’s stock after purchasing an additional 523 shares during the quarter. Visa comprises 2.2% of Blue Zone Wealth Advisors LLC’s investment portfolio, making the stock its 12th biggest holding. Blue Zone Wealth Advisors LLC’s holdings in Visa were worth $7,529,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. Copperleaf Capital LLC lifted its position in shares of Visa by 17.0% in the fourth quarter. Copperleaf Capital LLC now owns 5,556 shares of the credit-card processor’s stock valued at $1,756,000 after acquiring an additional 807 shares in the last quarter. VeraBank N.A. lifted its holdings in Visa by 3.1% in the 4th quarter. VeraBank N.A. now owns 1,579 shares of the credit-card processor’s stock valued at $499,000 after purchasing an additional 48 shares in the last quarter. Secured Retirement Advisors LLC lifted its stake in shares of Visa by 4.9% during the fourth quarter. Secured Retirement Advisors LLC now owns 7,337 shares of the credit-card processor’s stock valued at $2,319,000 after buying an additional 344 shares during the period. Strategic Financial Concepts LLC grew its stake in Visa by 112.0% in the 4th quarter. Strategic Financial Concepts LLC now owns 3,398 shares of the credit-card processor’s stock worth $1,074,000 after acquiring an additional 1,795 shares during the period. Finally, Allworth Financial LP grew its stake in Visa by 79.1% in the 4th quarter. Allworth Financial LP now owns 114,587 shares of the credit-card processor’s stock worth $37,076,000 after acquiring an additional 50,614 shares during the period. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Visa

In other Visa news, insider Tullier Kelly Mahon sold 33,741 shares of the firm’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the completion of the transaction, the insider now directly owns 36,566 shares of the company’s stock, valued at $12,789,689.82. This trade represents a 47.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total transaction of $2,739,263.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 58,056 shares of company stock valued at $19,830,050. 0.13% of the stock is currently owned by corporate insiders.

Visa Stock Performance

Visa stock opened at $356.04 on Wednesday. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $356.74. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.28. The company has a market capitalization of $661.45 billion, a price-to-earnings ratio of 35.89, a price-to-earnings-growth ratio of 2.32 and a beta of 0.97. The firm’s fifty day moving average price is $326.05 and its 200 day moving average price is $300.04.

Visa (NYSE:V) last announced its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. On average, research analysts forecast that Visa Inc. will post 11.27 EPS for the current fiscal year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th will be paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.66%. The ex-dividend date of this dividend is Tuesday, February 11th. Visa’s dividend payout ratio (DPR) is currently 23.79%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on V shares. Macquarie raised their price objective on Visa from $300.00 to $335.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. UBS Group lifted their price target on Visa from $350.00 to $400.00 and gave the company a “buy” rating in a report on Friday, January 31st. JPMorgan Chase & Co. increased their price objective on shares of Visa from $340.00 to $375.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Visa from $300.00 to $340.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, Bank of America upped their price target on shares of Visa from $331.00 to $363.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Four equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $354.73.

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.