Visa Inc. (NYSE:V) is Boston Trust Walden Corp's 4th Largest Position

Boston Trust Walden Corp trimmed its stake in shares of Visa Inc. (NYSE:V - Free Report) by 3.4% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 646,946 shares of the credit-card processor's stock after selling 22,970 shares during the quarter. Visa comprises about 1.7% of Boston Trust Walden Corp's portfolio, making the stock its 4th biggest holding. Boston Trust Walden Corp's holdings in Visa were worth $226,729,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of V. Norges Bank acquired a new position in shares of Visa during the 4th quarter worth $5,171,271,000. GAMMA Investing LLC raised its holdings in shares of Visa by 38,416.3% during the 1st quarter. GAMMA Investing LLC now owns 14,761,375 shares of the credit-card processor's stock worth $5,173,271,000 after buying an additional 14,723,050 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Visa by 4.6% during the 4th quarter. Vanguard Group Inc. now owns 159,405,343 shares of the credit-card processor's stock worth $50,378,465,000 after buying an additional 7,079,706 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Visa during the 4th quarter worth $1,955,403,000. Finally, Proficio Capital Partners LLC raised its holdings in shares of Visa by 17,018.7% during the 4th quarter. Proficio Capital Partners LLC now owns 3,949,118 shares of the credit-card processor's stock worth $1,248,079,000 after buying an additional 3,926,049 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors.

Visa Trading Down 0.7%

Shares of Visa stock traded down $2.34 on Friday, hitting $338.04. 19,326,861 shares of the company's stock traded hands, compared to its average volume of 7,073,546. Visa Inc. has a one year low of $252.70 and a one year high of $375.51. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.08 and a quick ratio of 1.08. The company has a fifty day moving average of $351.69 and a two-hundred day moving average of $338.37. 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 2.29 and a beta of 0.94.

Visa (NYSE:V - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.68 by $0.08. The business had revenue of $9.59 billion for the quarter, compared to analyst estimates of $9.57 billion. Visa had a return on equity of 56.28% and a net margin of 52.86%. The company's quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.51 earnings per share. As a group, sell-side analysts expect 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 issued a $0.59 dividend. The ex-dividend date was Tuesday, May 13th. This represents a $2.36 annualized dividend and a yield of 0.70%. Visa's payout ratio is currently 23.72%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Mizuho raised Visa from a "neutral" rating to an "outperform" rating and boosted their price target for the stock from $359.00 to $425.00 in a report on Thursday, June 5th. Susquehanna reaffirmed a "positive" rating on shares of Visa in a report on Friday, March 21st. Jefferies Financial Group upped their target price on Visa from $400.00 to $410.00 and gave the stock a "buy" rating in a report on Tuesday, May 27th. Barclays reaffirmed an "overweight" rating on shares of Visa in a report on Friday, June 13th. Finally, Wall Street Zen raised Visa from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Five analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $372.80.

Insiders Place Their Bets

In other news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $350.44, for a total value of $3,020,792.80. Following the completion of the sale, the chief executive officer now directly owns 537 shares of the company's stock, valued at $188,186.28. This represents a 94.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 directly owns 11,925 shares of the company's stock, valued at approximately $4,121,041.50. This trade represents a 17.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 101,098 shares of company stock worth $36,738,526. Corporate insiders own 0.13% 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.