Blue Zone Wealth Advisors LLC increased its stake in shares of Visa Inc. (NYSE:V – Get Rating) by 0.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,586 shares of the credit-card processor’s stock after buying an additional 182 shares during the quarter. Visa comprises approximately 2.0% of Blue Zone Wealth Advisors LLC’s investment portfolio, making the stock its 10th biggest holding. Blue Zone Wealth Advisors LLC’s holdings in Visa were worth $4,447,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in V. Norges Bank purchased a new stake in shares of Visa during the fourth quarter valued at $2,740,577,000. Wellington Management Group LLP boosted its holdings in Visa by 33.1% in the first quarter. Wellington Management Group LLP now owns 22,222,170 shares of the credit-card processor’s stock valued at $4,928,211,000 after purchasing an additional 5,527,427 shares during the last quarter. Lone Pine Capital LLC purchased a new stake in Visa in the fourth quarter valued at $1,047,495,000. GQG Partners LLC boosted its holdings in Visa by 46.2% in the fourth quarter. GQG Partners LLC now owns 11,289,146 shares of the credit-card processor’s stock valued at $2,446,122,000 after purchasing an additional 3,567,771 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in Visa by 40.0% in the first quarter. Invesco Ltd. now owns 9,910,380 shares of the credit-card processor’s stock valued at $2,197,824,000 after purchasing an additional 2,830,580 shares during the last quarter. 81.49% of the stock is owned by hedge funds and other institutional investors.
In other news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $212.11, for a total value of $1,908,990.00. Following the completion of the sale, the chief executive officer now owns 156,887 shares of the company’s stock, valued at approximately $33,277,301.57. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.21% of the company’s stock.
Visa Stock Down 0.7 %
Visa Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Friday, August 12th were paid a $0.375 dividend. The ex-dividend date was Thursday, August 11th. This represents a $1.50 annualized dividend and a dividend yield of 0.81%. Visa’s dividend payout ratio (DPR) is 22.12%.
Analyst Ratings Changes
V has been the topic of several recent research reports. Wells Fargo & Company lowered their price target on shares of Visa from $280.00 to $255.00 and set an “overweight” rating on the stock in a report on Wednesday, July 13th. Susquehanna decreased their price objective on shares of Visa from $290.00 to $260.00 in a research report on Thursday, July 28th. Mizuho decreased their price objective on shares of Visa from $235.00 to $215.00 and set a “neutral” rating for the company in a research report on Friday, July 1st. Daiwa Capital Markets downgraded shares of Visa from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $230.00 to $225.00 in a research report on Tuesday, August 16th. Finally, Royal Bank of Canada decreased their price objective on shares of Visa from $278.00 to $262.00 in a research report on Wednesday, July 27th. Four investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Visa currently has an average rating of “Moderate Buy” and an average price target of $257.64.
Visa Inc operates as a payments technology company worldwide. The company facilitates digital payments among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions.
- Get a free copy of the StockNews.com research report on Visa (V)
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