Visa Inc. (NYSE:V) Stock Position Boosted by Mezzasalma Advisors LLC

Mezzasalma Advisors LLC boosted its holdings in Visa Inc. (NYSE:V) by 3.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,538 shares of the credit-card processor’s stock after purchasing an additional 997 shares during the quarter. Visa comprises 3.7% of Mezzasalma Advisors LLC’s investment portfolio, making the stock its 9th largest holding. Mezzasalma Advisors LLC’s holdings in Visa were worth $9,496,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Westend Capital Management LLC acquired a new stake in shares of Visa during the first quarter worth $25,000. POM Investment Strategies LLC lifted its stake in shares of Visa by 970.0% in the 2nd quarter. POM Investment Strategies LLC now owns 107 shares of the credit-card processor’s stock worth $28,000 after acquiring an additional 97 shares during the period. TruNorth Capital Management LLC boosted its holdings in shares of Visa by 211.9% in the second quarter. TruNorth Capital Management LLC now owns 131 shares of the credit-card processor’s stock valued at $34,000 after acquiring an additional 89 shares in the last quarter. Bbjs Financial Advisors LLC acquired a new position in shares of Visa during the second quarter worth about $35,000. Finally, CarsonAllaria Wealth Management Ltd. purchased a new position in Visa during the second quarter worth about $35,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. StockNews.com raised Visa from a “hold” rating to a “buy” rating in a research note on Friday, August 9th. Oppenheimer started coverage on shares of Visa in a report on Tuesday, October 1st. They set an “outperform” rating and a $318.00 target price for the company. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $317.00 price target on shares of Visa in a report on Thursday, September 12th. BMO Capital Markets raised their price target on Visa from $300.00 to $310.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Finally, Royal Bank of Canada cut their target price on shares of Visa from $315.00 to $311.00 and set an “outperform” rating for the company in a research note on Wednesday, July 24th. Four equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $314.19.

Visa Stock Up 0.3 %

Shares of NYSE V opened at $288.38 on Thursday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.37 and a current ratio of 1.37. Visa Inc. has a 1 year low of $228.03 and a 1 year high of $293.07. The stock’s 50-day simple moving average is $275.69 and its 200-day simple moving average is $272.74. The firm has a market cap of $527.43 billion, a price-to-earnings ratio of 32.12, a PEG ratio of 1.94 and a beta of 0.96.

Visa (NYSE:V) last announced its quarterly earnings data on Tuesday, July 23rd. The credit-card processor reported $2.42 earnings per share for the quarter, hitting the consensus estimate of $2.42. The company had revenue of $8.90 billion during the quarter, compared to analyst estimates of $8.92 billion. Visa had a net margin of 54.72% and a return on equity of 51.94%. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period last year, the business earned $2.16 EPS. As a group, equities analysts anticipate that Visa Inc. will post 9.92 earnings per share for the current fiscal year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Friday, August 9th were issued a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend was Friday, August 9th. Visa’s dividend payout ratio (DPR) is 23.24%.

Insider Activity at Visa

In related news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $276.37, for a total value of $2,382,309.40. Following the sale, the chief executive officer now owns 538 shares of the company’s stock, valued at $148,687.06. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.19% of the company’s stock.

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.