Visa Inc. (NYSE:V) Position Decreased by Boston Trust Walden Corp

Boston Trust Walden Corp lessened its holdings in shares of Visa Inc. (NYSE:V) by 3.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 646,946 shares of the credit-card processor’s stock after selling 22,970 shares during the quarter. Visa makes up 1.7% of Boston Trust Walden Corp’s portfolio, making the stock its 4th largest holding. Boston Trust Walden Corp’s holdings in Visa were worth $226,729,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Global X Japan Co. Ltd. purchased a new position in shares of Visa during the 1st quarter valued at about $56,000. Premier Path Wealth Partners LLC lifted its holdings in Visa by 0.7% during the first quarter. Premier Path Wealth Partners LLC now owns 10,766 shares of the credit-card processor’s stock valued at $3,773,000 after purchasing an additional 78 shares in the last quarter. Beacon Capital Management LLC lifted its holdings in Visa by 3.9% during the first quarter. Beacon Capital Management LLC now owns 1,548 shares of the credit-card processor’s stock valued at $543,000 after purchasing an additional 58 shares in the last quarter. Community Bank N.A. lifted its holdings in Visa by 0.6% during the first quarter. Community Bank N.A. now owns 13,786 shares of the credit-card processor’s stock valued at $4,831,000 after purchasing an additional 78 shares in the last quarter. Finally, Grandview Asset Management LLC lifted its holdings in Visa by 3.4% during the first quarter. Grandview Asset Management LLC now owns 6,992 shares of the credit-card processor’s stock valued at $2,450,000 after purchasing an additional 229 shares in the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Visa Stock Down 4.9%

Shares of NYSE V opened at $340.16 on Thursday. The firm’s 50-day moving average price is $351.38 and its 200-day moving average price is $338.20. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $627.64 billion, a price-to-earnings ratio of 34.19, a P/E/G ratio of 2.41 and a beta of 0.94. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $375.51.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.68 by $0.08. Visa had a return on equity of 56.28% and a net margin of 52.86%. The business had revenue of $9.59 billion for the quarter, compared to the consensus estimate of $9.57 billion. During the same period in the prior year, the business posted $2.51 earnings per share. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. On average, equities research analysts anticipate that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 13th were issued a dividend of $0.59 per share. The ex-dividend date was Tuesday, May 13th. This represents a $2.36 annualized dividend and a yield of 0.69%. Visa’s payout ratio is presently 23.72%.

Insider Activity at Visa

In other news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $345.58, for a total value of $2,978,899.60. Following the sale, the chief executive officer now directly owns 537 shares in the company, valued at approximately $185,576.46. This represents a 94.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of the stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $345.58, for a total value of $889,868.50. Following the completion of the sale, the general counsel now owns 11,925 shares in the company, valued at approximately $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. In the last 90 days, insiders have sold 101,098 shares of company stock worth $36,738,526. Company insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

V has been the topic of a number of analyst reports. Barclays restated an “overweight” rating on shares of Visa in a research note on Friday, June 13th. Evercore ISI initiated coverage on Visa in a research report on Wednesday, April 9th. They issued an “in-line” rating and a $330.00 price objective on the stock. Macquarie lowered their price objective on Visa from $400.00 to $380.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 30th. BMO Capital Markets boosted their price objective on Visa from $370.00 to $380.00 and gave the company an “outperform” rating in a research report on Wednesday, April 30th. Finally, William Blair reissued an “outperform” rating on shares of Visa in a report on Wednesday, April 30th. Five analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Visa presently has a consensus rating of “Moderate Buy” and a consensus price target of $372.80.

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.