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

Key Points

• Boston Trust Walden Corp reduced its Visa stake by 3.0% in Q4, selling 15,462 shares and now owns 493,676 shares valued at $173.14 million, making Visa about 1.3% of its portfolio and its 8th-largest holding.
• Director Lloyd Carney sold 650 Visa shares on March 11 at an average price of $309.62, cutting his position by 19.53% to 2,679 shares; company insiders now own 0.12% of the stock.
• Visa beat quarterly expectations with $3.17 EPS (vs. $3.14) and $10.90B revenue (+14.6% YoY), pays a $0.67 quarterly dividend ($2.68 annualized, 0.9% yield), and carries a consensus Buy rating with an average price target of about $387.79.

Boston Trust Walden Corp reduced its position in shares of Visa Inc. (NYSE:V - Free Report) by 3.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 493,676 shares of the credit-card processor's stock after selling 15,462 shares during the period. Visa comprises about 1.3% of Boston Trust Walden Corp's investment portfolio, making the stock its 8th largest holding. Boston Trust Walden Corp's holdings in Visa were worth $173,137,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of V. Define Financial LLC raised its stake in Visa by 4.0% in the third quarter. Define Financial LLC now owns 779 shares of the credit-card processor's stock valued at $266,000 after buying an additional 30 shares during the period. Patron Partners LLC increased its stake in shares of Visa by 0.6% during the third quarter. Patron Partners LLC now owns 4,648 shares of the credit-card processor's stock worth $1,587,000 after purchasing an additional 30 shares during the period. MTM Investment Management LLC increased its stake in shares of Visa by 0.9% during the third quarter. MTM Investment Management LLC now owns 3,344 shares of the credit-card processor's stock worth $1,142,000 after purchasing an additional 30 shares during the period. High Note Wealth LLC increased its stake in shares of Visa by 6.8% during the third quarter. High Note Wealth LLC now owns 474 shares of the credit-card processor's stock worth $162,000 after purchasing an additional 30 shares during the period. Finally, Beacon Capital Management LLC increased its stake in shares of Visa by 2.0% during the third quarter. Beacon Capital Management LLC now owns 1,541 shares of the credit-card processor's stock worth $526,000 after purchasing an additional 30 shares during the period. Institutional investors own 82.15% of the company's stock.

Insider Buying and Selling at Visa

In other news, Director Lloyd Carney sold 650 shares of Visa stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $309.62, for a total value of $201,253.00. Following the completion of the transaction, the director directly owned 2,679 shares of the company's stock, valued at approximately $829,471.98. This trade represents a 19.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.12% of the company's stock.

Visa Trading Up 0.3%

Shares of V stock opened at $309.66 on Friday. The stock's fifty day moving average price is $309.88 and its two-hundred day moving average price is $328.16. The company has a market cap of $562.09 billion, a PE ratio of 29.05, a P/E/G ratio of 1.77 and a beta of 0.80. Visa Inc. has a fifty-two week low of $293.89 and a fifty-two week high of $375.51. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.11 and a current ratio of 1.11.

Visa (NYSE:V - Get Free Report) last announced its quarterly earnings results on Thursday, January 29th. The credit-card processor reported $3.17 EPS for the quarter, beating analysts' consensus estimates of $3.14 by $0.03. The company had revenue of $10.90 billion during the quarter, compared to analysts' expectations of $10.69 billion. Visa had a return on equity of 61.74% and a net margin of 50.23%.Visa's revenue was up 14.6% compared to the same quarter last year. During the same period in the prior year, the company earned $2.75 EPS. Equities analysts predict that Visa Inc. will post 12.84 EPS for the current fiscal year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Tuesday, February 10th were given a $0.67 dividend. The ex-dividend date of this dividend was Tuesday, February 10th. This represents a $2.68 annualized dividend and a dividend yield of 0.9%. Visa's dividend payout ratio (DPR) is 25.14%.

Analysts Set New Price Targets

V has been the topic of a number of recent research reports. Loop Capital initiated coverage on Visa in a research note on Tuesday, March 31st. They set a "buy" rating and a $387.00 target price on the stock. BMO Capital Markets assumed coverage on Visa in a research note on Tuesday. They set an "outperform" rating and a $365.00 target price on the stock. Rothschild & Co Redburn set a $385.00 price target on Visa in a research report on Wednesday, January 28th. Freedom Capital raised Visa from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 16th. Finally, Piper Sandler set a $160.00 price target on Visa in a research report on Wednesday, January 28th. Seven investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $387.79.

About Visa

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world's largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa's network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa's product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.

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