Boston Trust Walden Corp Lowers Stock Position in Visa Inc. (NYSE:V)

Boston Trust Walden Corp decreased its stake in Visa Inc. (NYSE:V) by 5.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 681,112 shares of the credit-card processor’s stock after selling 37,507 shares during the period. Visa accounts for about 1.3% of Boston Trust Walden Corp’s holdings, making the stock its 9th biggest position. Boston Trust Walden Corp’s holdings in Visa were worth $178,771,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Long Run Wealth Advisors LLC raised its position in shares of Visa by 2.5% in the first quarter. Long Run Wealth Advisors LLC now owns 1,519 shares of the credit-card processor’s stock valued at $424,000 after purchasing an additional 37 shares during the period. Alaethes Wealth LLC raised its position in shares of Visa by 0.4% in the fourth quarter. Alaethes Wealth LLC now owns 8,843 shares of the credit-card processor’s stock valued at $2,302,000 after purchasing an additional 37 shares during the period. Jessup Wealth Management Inc raised its position in shares of Visa by 0.7% in the first quarter. Jessup Wealth Management Inc now owns 5,051 shares of the credit-card processor’s stock valued at $1,410,000 after purchasing an additional 37 shares during the period. Cordatus Wealth Management LLC increased its holdings in Visa by 0.3% during the 1st quarter. Cordatus Wealth Management LLC now owns 10,793 shares of the credit-card processor’s stock worth $3,012,000 after acquiring an additional 37 shares during the period. Finally, Aurora Private Wealth Inc. increased its holdings in Visa by 3.8% during the 1st quarter. Aurora Private Wealth Inc. now owns 1,036 shares of the credit-card processor’s stock worth $289,000 after acquiring an additional 38 shares during the period. Institutional investors own 82.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Macquarie reaffirmed an “outperform” rating and set a $300.00 target price on shares of Visa in a report on Wednesday, July 24th. Wedbush upped their target price on shares of Visa from $280.00 to $300.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Jefferies Financial Group decreased their target price on shares of Visa from $325.00 to $300.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. StockNews.com raised shares of Visa from a “hold” rating to a “buy” rating in a report on Friday, August 9th. Finally, Mizuho upped their target price on shares of Visa from $265.00 to $275.00 and gave the stock a “neutral” rating in a report on Thursday, May 2nd. Six investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $307.25.

Visa Trading Up 0.2 %

Shares of Visa stock traded up $0.58 during trading on Friday, reaching $267.38. The company’s stock had a trading volume of 5,111,080 shares, compared to its average volume of 7,227,860. Visa Inc. has a 52-week low of $227.78 and a 52-week high of $290.96. The company has a market cap of $489.02 billion, a price-to-earnings ratio of 29.87, a PEG ratio of 1.84 and a beta of 0.95. The firm’s 50-day moving average is $266.41 and its two-hundred day moving average is $273.57. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.54.

Visa (NYSE:V) last announced its quarterly earnings results on Tuesday, July 23rd. The credit-card processor reported $2.42 earnings per share for the quarter, meeting the consensus estimate of $2.42. The business had revenue of $8.90 billion during the quarter, compared to analysts’ expectations of $8.92 billion. Visa had a net margin of 54.72% and a return on equity of 51.94%. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.16 EPS. On average, sell-side analysts anticipate that Visa Inc. will post 9.91 earnings per share for the current year.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Friday, August 9th will be given a dividend of $0.52 per share. The ex-dividend date is Friday, August 9th. This represents a $2.08 annualized dividend and a yield of 0.78%. Visa’s payout ratio is currently 23.24%.

About Visa

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.