Visa Inc. $V Shares Sold by Fundsmith LLP

Fundsmith LLP decreased its stake in Visa Inc. (NYSE:V) by 34.9% in the 2nd quarter, Holdings Channel.com reports. The fund owned 2,019,810 shares of the credit-card processor’s stock after selling 1,084,280 shares during the quarter. Visa makes up 5.1% of Fundsmith LLP’s holdings, making the stock its 4th largest holding. Fundsmith LLP’s holdings in Visa were worth $692,977,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also modified their holdings of the company. Parvin Asset Management LLC raised its stake in shares of Visa by 200.0% during the 3rd quarter. Parvin Asset Management LLC now owns 75 shares of the credit-card processor’s stock worth $26,000 after purchasing an additional 50 shares in the last quarter. Cresta Advisors Ltd. bought a new position in shares of Visa in the fourth quarter valued at $26,000. Philadelphia Investment Partners LLC acquired a new position in Visa during the second quarter worth $29,000. Virtus Advisers LLC acquired a new position in Visa during the second quarter worth $33,000. Finally, RHL Group LLC bought a new stake in Visa during the fourth quarter worth $34,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Trading Up 0.0%

V stock opened at $381.66 on Monday. Visa Inc. has a one year low of $293.89 and a one year high of $385.57. The stock has a market cap of $681.05 billion, a price-to-earnings ratio of 32.45, a price-to-earnings-growth ratio of 2.04 and a beta of 0.74. The company has a fifty day moving average price of $359.07 and a two-hundred day moving average price of $331.47. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.99 and a quick ratio of 0.99.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, July 28th. The credit-card processor reported $3.32 earnings per share for the quarter, beating the consensus estimate of $3.23 by $0.09. The company had revenue of $11.63 billion for the quarter, compared to analyst estimates of $11.40 billion. Visa had a net margin of 50.78% and a return on equity of 67.68%. The company’s revenue was up 14.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.98 earnings per share. Equities analysts anticipate that Visa Inc. will post 13.16 EPS for the current year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th will be issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Tuesday, August 11th. Visa’s payout ratio is currently 22.79%.

Analysts Set New Price Targets

A number of brokerages have commented on V. Wolfe Research reiterated an “outperform” rating and issued a $460.00 price target (up from $435.00) on shares of Visa in a research note on Tuesday, August 25th. Morgan Stanley restated an “overweight” rating and set a $416.00 price objective on shares of Visa in a research note on Wednesday, July 29th. Truist Financial set a $406.00 target price on shares of Visa and gave the company a “buy” rating in a research note on Wednesday, August 5th. BMO Capital Markets lifted their price target on Visa from $387.00 to $405.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. Finally, Robert W. Baird boosted their price target on Visa from $412.00 to $420.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. Seven equities research analysts have rated the stock with a Strong Buy rating and twenty-four have given a Buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $414.54.

Insider Buying and Selling

In other Visa news, insider Tullier Kelly Mahon sold 57,272 shares of the stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $364.97, for a total transaction of $20,902,561.84. Following the transaction, the insider owned 49,662 shares in the company, valued at $18,125,140.14. This trade represents a 53.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of Visa stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $360.00, for a total value of $729,720.00. Following the sale, the general counsel directly owned 18,404 shares of the company’s stock, valued at $6,625,440. This represents a 9.92% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 96,634 shares of company stock valued at $34,537,016. Insiders own 0.12% of the company’s stock.

Visa News Summary

Here are the key news stories impacting Visa this week:

• Positive Sentiment: Stablecoin and AI-payment partnership: Visa is working with Dunamu, the operator of South Korean cryptocurrency exchange Upbit, to develop stablecoin payments, cross-border remittances, settlement services and AI-powered commerce. The agreement could help Visa build institutional-grade digital-asset payment infrastructure across Asia while connecting cryptocurrency technology with its global network. Upbit operator Dunamu teams up with Visa on stablecoin and AI payments
• Positive Sentiment: Expanded cybersecurity product: Visa upgraded its AI-powered Vulnerability Agentic Harness to identify, remediate and validate cyber vulnerabilities for clients. The broader toolset may strengthen Visa’s value proposition to merchants and financial institutions and support growth in security-related services. Visa Rolls Out AI-Powered Cyber Vulnerability Patching for Clients
• Positive Sentiment: Merchant acceptance expansion: Visa’s partnership with Bluefin combines payment security, transaction routing and device management in a unified card-present platform. The offering could simplify deployment for large merchants, deepen customer relationships and expand Visa’s acceptance solutions. Visa Launches Unified Card Present Payment Platform for Global Merchants
• Positive Sentiment: Institutional endorsement: Bill Ackman’s Pershing Square added Visa and Mastercard during a major portfolio overhaul, providing a favorable signal from a prominent long-term investor. Bill Ackman Just Made His Biggest Portfolio Overhaul in Years
• Neutral Sentiment: Visa restored payment-network access in Syria through a live transaction, but Mastercard reportedly reached the market at nearly the same time, limiting any first-mover advantage. Visa Reopens Syria With One Payment and No Monopoly
• Negative Sentiment: Valuation risk: Visa recently reached a record high before giving up the breakout. With shares trading at roughly 32 times earnings, investors may demand continued strong growth, making the stock vulnerable to profit-taking or disappointing execution. Visa Hits Record, Then Surrenders the Breakout

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.