Visa Inc. (NYSE:V) Position Lowered by Boston Trust Walden Corp

Posted by Defense World Staff on Jul 3rd, 2023

Boston Trust Walden Corp cut its position in Visa Inc. (NYSE:V – Free Report) by 1.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 680,151 shares of the credit-card processor’s stock after selling 11,568 shares during the period. Visa accounts for 1.3% of Boston Trust Walden Corp’s investment portfolio, making the stock its 9th largest holding. Boston Trust Walden Corp’s holdings in Visa were worth $153,347,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of V. Tufton Capital Management grew its position in shares of Visa by 2.8% in the 1st quarter. Tufton Capital Management now owns 4,079 shares of the credit-card processor’s stock valued at $920,000 after buying an additional 110 shares during the last quarter. Carderock Capital Management Inc. purchased a new position in shares of Visa in the 1st quarter valued at $143,000. FCF Advisors LLC grew its position in shares of Visa by 79.5% in the 1st quarter. FCF Advisors LLC now owns 10,209 shares of the credit-card processor’s stock valued at $2,302,000 after buying an additional 4,523 shares during the last quarter. Herold Advisors Inc. grew its position in shares of Visa by 2.3% in the 1st quarter. Herold Advisors Inc. now owns 28,896 shares of the credit-card processor’s stock valued at $6,515,000 after buying an additional 639 shares during the last quarter. Finally, Harbour Capital Advisors LLC grew its position in shares of Visa by 4.2% in the 1st quarter. Harbour Capital Advisors LLC now owns 30,448 shares of the credit-card processor’s stock valued at $6,865,000 after buying an additional 1,225 shares during the last quarter. 84.92% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CFO Vasant M. Prabhu sold 13,343 shares of the company’s stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $234.26, for a total transaction of $3,125,731.18. Following the completion of the transaction, the chief financial officer now owns 73,638 shares of the company’s stock, valued at approximately $17,250,437.88. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CFO Vasant M. Prabhu sold 13,343 shares of the company’s stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $234.26, for a total transaction of $3,125,731.18. Following the completion of the transaction, the chief financial officer now owns 73,638 shares of the company’s stock, valued at $17,250,437.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Vasant M. Prabhu sold 40,000 shares of the stock in a transaction on Friday, April 28th. The stock was sold at an average price of $231.36, for a total transaction of $9,254,400.00. Following the completion of the sale, the chief financial officer now directly owns 73,638 shares of the company’s stock, valued at approximately $17,036,887.68. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 116,277 shares of company stock worth $27,018,374. 0.21% of the stock is owned by company insiders.

Visa Stock Performance

NYSE:V opened at $237.48 on Monday. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.56. The firm has a 50-day moving average price of $228.31 and a two-hundred day moving average price of $223.95. Visa Inc. has a twelve month low of $174.60 and a twelve month high of $238.28. The company has a market capitalization of $444.88 billion, a P/E ratio of 31.75, a price-to-earnings-growth ratio of 1.82 and a beta of 0.97.

Visa (NYSE:V – Free Report) last issued its quarterly earnings results on Tuesday, April 25th. The credit-card processor reported $2.09 EPS for the quarter, topping analysts’ consensus estimates of $1.97 by $0.12. The business had revenue of $7.99 billion during the quarter, compared to the consensus estimate of $7.79 billion. Visa had a net margin of 50.95% and a return on equity of 50.21%. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.79 earnings per share. As a group, research analysts expect that Visa Inc. will post 8.58 earnings per share for the current fiscal year.

Visa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 1st. Stockholders of record on Friday, May 12th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date was Thursday, May 11th. Visa’s dividend payout ratio is currently 24.06%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on V. KeyCorp raised their price objective on shares of Visa from $250.00 to $260.00 in a research report on Monday, April 24th. Citigroup raised their price objective on shares of Visa from $270.00 to $273.00 in a research report on Wednesday, April 26th. BMO Capital Markets raised their price objective on shares of Visa from $253.00 to $263.00 in a research report on Wednesday, April 26th. Barclays raised their price objective on shares of Visa from $270.00 to $272.00 in a research report on Monday, May 1st. Finally, Robert W. Baird raised their price objective on shares of Visa from $272.00 to $284.00 in a research report on Wednesday, April 26th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $260.08.

About Visa

(Free Report)

Visa Inc operates as a payments technology company worldwide. 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, click to pay; Visa Direct, a real-time payments network; Visa B2B Connect, a multilateral B2B cross-border payments network; Visa Treasury as a Service, a cross-border consumer payments business; 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.