Boston Trust Walden Corp Has $195.28 Million Stock Position in Visa Inc. $V

Key Points

• Boston Trust Walden Corp has reduced its stake in Visa by 15%, now owning 550,016 shares valued at approximately $195.28 million, making it the 6th largest position in its portfolio.
• Visa reported earnings of $2.98 per share for the last quarter, exceeding estimates and showing a 14.3% increase in revenue year-over-year.
• Analysts have raised their target prices for Visa, with Macquarie setting a new target of $425.00 and most analysts maintaining a consensus rating of "Moderate Buy."

Boston Trust Walden Corp decreased its stake in shares of Visa Inc. (NYSE:V - Free Report) by 15.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 550,016 shares of the credit-card processor's stock after selling 96,930 shares during the quarter. Visa makes up 1.4% of Boston Trust Walden Corp's portfolio, making the stock its 6th largest position. Boston Trust Walden Corp's holdings in Visa were worth $195,283,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Keystone Global Partners LLC purchased a new position in Visa during the 1st quarter valued at about $26,000. von Borstel & Associates Inc. purchased a new position in Visa during the 1st quarter valued at about $27,000. Family Legacy Financial Solutions LLC purchased a new position in Visa during the 2nd quarter valued at about $28,000. Cranbrook Wealth Management LLC increased its position in Visa by 82.0% during the 2nd quarter. Cranbrook Wealth Management LLC now owns 91 shares of the credit-card processor's stock valued at $32,000 after purchasing an additional 41 shares during the period. Finally, 1 North Wealth Services LLC purchased a new position in Visa during the 1st quarter valued at about $38,000. Institutional investors own 82.15% of the company's stock.

Visa Stock Up 1.9%

NYSE:V opened at $341.90 on Friday. The company has a market cap 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 twelve month low of $280.78 and a twelve month high of $375.51. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.52. The company's 50 day moving average is $344.30 and its two-hundred day moving average is $346.83.

Visa (NYSE:V - Get Free Report) last released its earnings results on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share for the quarter, topping the consensus estimate of $2.85 by $0.13. The company had revenue of $10.17 billion for the quarter, compared to the consensus estimate of $9.82 billion. Visa had a net margin of 52.16% and a return on equity of 58.93%. Visa's revenue was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.42 EPS. Analysts anticipate that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 12th were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Tuesday, August 12th. Visa's payout ratio is currently 23.05%.

Insider Activity at Visa

In other Visa news, General Counsel Julie B. Rottenberg sold 2,027 shares of the business's stock in a transaction that occurred 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 sale, the general counsel owned 11,925 shares of the company's stock, valued at approximately $4,102,438.50. The trade was a 14.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Ryan Mcinerney sold 10,485 shares of the business's stock in a transaction that occurred 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 in the company, valued at approximately $183,815.10. This represents a 95.13% decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Macquarie raised their target price on shares of Visa from $380.00 to $425.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Barclays reissued an "overweight" rating and set a $408.00 target price (up previously from $396.00) on shares of Visa in a research report on Thursday, July 31st. Oppenheimer raised their target price on shares of Visa from $390.00 to $391.00 and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. UBS Group reaffirmed a "buy" rating and issued a $415.00 price objective (up previously from $405.00) on shares of Visa in a research report on Wednesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Visa in a research report on Thursday, July 17th. They issued a "buy" rating and a $410.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Visa currently has a consensus rating of "Moderate Buy" and a consensus price target of $389.00.

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.

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