Visa Inc. (NYSE:V) Shares Sold by Boston Trust Walden Corp

Boston Trust Walden Corp trimmed its stake in shares of Visa Inc. (NYSE:V - Free Report) by 3.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 646,946 shares of the credit-card processor's stock after selling 22,970 shares during the period. Visa makes up about 1.7% of Boston Trust Walden Corp's investment portfolio, making the stock its 4th biggest position. Boston Trust Walden Corp's holdings in Visa were worth $226,729,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of V. Bradley & Co. Private Wealth Management LLC acquired a new position in Visa in the fourth quarter valued at approximately $27,000. Compass Planning Associates Inc acquired a new position in Visa in the fourth quarter valued at approximately $32,000. NewSquare Capital LLC acquired a new position in Visa in the fourth quarter valued at approximately $35,000. FPC Investment Advisory Inc. lifted its holdings in Visa by 377.3% in the fourth quarter. FPC Investment Advisory Inc. now owns 105 shares of the credit-card processor's stock valued at $36,000 after buying an additional 83 shares during the period. Finally, Sellwood Investment Partners LLC acquired a new stake in Visa in the fourth quarter worth $41,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Visa Stock Down 0.7%

Visa stock traded down $2.34 during mid-day trading on Friday, reaching $338.04. The company's stock had a trading volume of 19,326,861 shares, compared to its average volume of 7,042,416. The company has a market capitalization of $623.73 billion, a price-to-earnings ratio of 33.97, a price-to-earnings-growth ratio of 2.28 and a beta of 0.94. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $375.51. The business's 50 day simple moving average is $351.78 and its 200 day simple moving average is $338.74. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.08 and a current ratio of 1.08.

Visa (NYSE:V - Get Free Report) last released its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, beating analysts' consensus estimates of $2.68 by $0.08. The business had revenue of $9.59 billion during the quarter, compared to the consensus estimate of $9.57 billion. Visa had a net margin of 52.86% and a return on equity of 56.28%. The firm's revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter last year, the firm earned $2.51 earnings per share. As a group, research analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date was Tuesday, May 13th. Visa's dividend payout ratio is currently 23.72%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. UBS Group increased their target price on shares of Visa from $395.00 to $405.00 and gave the stock a "buy" rating in a report on Wednesday, May 28th. William Blair reiterated an "outperform" rating on shares of Visa in a report on Wednesday, April 30th. Barclays reiterated an "overweight" rating on shares of Visa in a report on Friday, June 13th. Macquarie cut their target price on shares of Visa from $400.00 to $380.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Finally, Citigroup assumed coverage on shares of Visa in a report on Monday, June 2nd. They issued a "buy" rating on the stock. Five investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $372.80.

Insider Buying and Selling at Visa

In other Visa news, insider Paul D. Fabara sold 11,636 shares of the stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $375.00, for a total value of $4,363,500.00. Following the completion of the sale, the insider now owns 26,413 shares in the company, valued at $9,904,875. This trade represents a 30.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of the stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $345.58, for a total transaction of $889,868.50. Following the completion of the sale, the general counsel now owns 11,925 shares of the company's stock, valued at approximately $4,121,041.50. This represents a 17.76% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 101,098 shares of company stock worth $36,738,526 over the last quarter. 0.13% of the stock is currently owned by insiders.

Visa 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.