Visa Inc. $V Shares Sold by Boston Trust Walden Corp

Boston Trust Walden Corp trimmed its holdings in shares of Visa Inc. (NYSE:V) by 15.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 550,016 shares of the credit-card processor’s stock after selling 96,930 shares during the period. Visa makes up about 1.4% of Boston Trust Walden Corp’s portfolio, making the stock its 6th biggest position. Boston Trust Walden Corp’s holdings in Visa were worth $195,283,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Frazier Financial Advisors LLC lifted its stake in Visa by 39.9% during the 2nd quarter. Frazier Financial Advisors LLC now owns 393 shares of the credit-card processor’s stock valued at $139,000 after acquiring an additional 112 shares during the period. IFC Advisors LLC lifted its stake in shares of Visa by 48.2% in the 2nd quarter. IFC Advisors LLC now owns 7,587 shares of the credit-card processor’s stock valued at $2,694,000 after purchasing an additional 2,468 shares during the period. Perfromance Wealth Partners LLC lifted its stake in shares of Visa by 1.4% in the 2nd quarter. Perfromance Wealth Partners LLC now owns 56,499 shares of the credit-card processor’s stock valued at $20,060,000 after purchasing an additional 761 shares during the period. Naviter Wealth LLC lifted its stake in shares of Visa by 3.1% in the 2nd quarter. Naviter Wealth LLC now owns 15,766 shares of the credit-card processor’s stock valued at $5,598,000 after purchasing an additional 481 shares during the period. Finally, Moran Wealth Management LLC acquired a new position in shares of Visa in the 2nd quarter valued at $18,756,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, General Counsel Julie B. Rottenberg sold 2,027 shares of the company’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $344.02, for a total transaction of $697,328.54. Following the completion of the sale, the general counsel owned 11,925 shares of the company’s stock, valued at $4,102,438.50. This represents a 14.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ryan Mcinerney sold 10,485 shares of the company’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $342.30, for a total transaction of $3,589,015.50. Following the sale, the chief executive officer directly owned 537 shares of the company’s stock, valued at $183,815.10. The trade was a 95.13% decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on V. Morgan Stanley boosted their target price on shares of Visa from $386.00 to $402.00 and gave the company an “overweight” rating in a research note on Wednesday, July 30th. Erste Group Bank cut shares of Visa from a “buy” rating to a “hold” rating in a research note on Monday, September 22nd. Deutsche Bank Aktiengesellschaft began coverage on shares of Visa in a research note on Thursday, July 17th. They issued a “buy” rating and a $410.00 target price for the company. UBS Group reiterated a “buy” rating and issued a $415.00 target price (up from $405.00) on shares of Visa in a research note on Wednesday, July 30th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Visa in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $389.00.

Visa Stock Performance

NYSE:V opened at $341.90 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.12 and a current ratio of 1.12. The company has a fifty day moving average of $344.30 and a two-hundred day moving average of $346.83. The stock has a market capitalization of $626.63 billion, a PE ratio of 33.39, a P/E/G ratio of 2.02 and a beta of 0.90. Visa Inc. has a fifty-two week low of $280.78 and a fifty-two week high of $375.51.

Visa (NYSE:V) last released its earnings results on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.85 by $0.13. Visa had a net margin of 52.16% and a return on equity of 58.93%. The business had revenue of $10.17 billion during the quarter, compared to analyst estimates of $9.82 billion. During the same quarter in the prior year, the firm earned $2.42 earnings per share. The company’s revenue for the quarter was up 14.3% compared to the same quarter last year. As a group, research analysts forecast that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 12th were issued a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.7%. Visa’s dividend payout ratio is presently 23.05%.

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.