Fundsmith LLP Has $692.98 Million Position in Visa Inc. $V

Fundsmith LLP decreased its stake in Visa Inc. (NYSE:V - Free Report) by 34.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,019,810 shares of the credit-card processor's stock after selling 1,084,280 shares during the quarter. Visa accounts for about 5.1% of Fundsmith LLP's portfolio, making the stock its 4th largest position. Fundsmith LLP owned approximately 0.11% of Visa worth $692,977,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. G&S Capital LLC grew its holdings in Visa by 4.0% during the second quarter. G&S Capital LLC now owns 761 shares of the credit-card processor's stock valued at $261,000 after purchasing an additional 29 shares during the period. Keating Financial Advisory Services Inc. increased its stake in Visa by 0.9% in the second quarter. Keating Financial Advisory Services Inc. now owns 3,189 shares of the credit-card processor's stock valued at $1,094,000 after purchasing an additional 29 shares in the last quarter. NerdWallet Wealth Partners LLC raised its holdings in Visa by 4.5% in the second quarter. NerdWallet Wealth Partners LLC now owns 695 shares of the credit-card processor's stock worth $239,000 after purchasing an additional 30 shares during the period. Frederick Financial Consultants LLC raised its holdings in Visa by 2.0% in the fourth quarter. Frederick Financial Consultants LLC now owns 1,598 shares of the credit-card processor's stock worth $560,000 after purchasing an additional 31 shares during the period. Finally, Kuhn & Co Investment Counsel boosted its position in shares of Visa by 0.5% during the fourth quarter. Kuhn & Co Investment Counsel now owns 6,096 shares of the credit-card processor's stock worth $2,138,000 after purchasing an additional 32 shares in the last quarter. Institutional investors own 82.15% of the company's stock.

Insider Transactions at Visa

In other Visa news, General Counsel Julie B. Rottenberg sold 2,027 shares of the business's stock in a transaction that occurred 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 owned 18,404 shares in the company, valued at approximately $6,625,440. The trade was a 9.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ryan Mcinerney sold 20,970 shares of the business's stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $340.25, for a total value of $7,135,042.50. Following the completion of the sale, the chief executive officer owned 15,174 shares in the company, valued at $5,162,953.50. The trade was a 58.02% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 96,634 shares of company stock valued at $34,537,016 over the last three months. Company insiders own 0.12% of the company's stock.

Visa News Roundup

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

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Wolfe Research reissued an "outperform" rating and issued a $460.00 price target (up from $435.00) on shares of Visa in a report on Tuesday, August 25th. TD Cowen reaffirmed a "buy" rating on shares of Visa in a research note on Wednesday, July 29th. JPMorgan Chase & Co. lifted their target price on Visa from $400.00 to $450.00 and gave the stock an "overweight" rating in a report on Wednesday, July 29th. Raymond James Financial restated an "outperform" rating and issued a $406.00 price target on shares of Visa in a report on Wednesday, July 29th. Finally, Citigroup reaffirmed a "buy" rating and set a $440.00 price target (up from $400.00) on shares of Visa in a research report on Wednesday, July 29th. Seven analysts have rated the stock with a Strong Buy rating and twenty-four have assigned a Buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $414.54.

Visa Stock Up 0.0%

Shares of V stock opened at $381.66 on Monday. Visa Inc. has a 12-month low of $293.89 and a 12-month high of $385.57. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.60. The firm has a fifty day moving average of $359.07 and a 200-day moving average of $331.47. The company has a market capitalization of $681.05 billion, a price-to-earnings ratio of 32.45, a P/E/G ratio of 2.04 and a beta of 0.74.

Visa (NYSE:V - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The credit-card processor reported $3.32 EPS for the quarter, beating the consensus estimate of $3.23 by $0.09. The business had revenue of $11.63 billion for the quarter, compared to analysts' expectations of $11.40 billion. Visa had a net margin of 50.78% and a return on equity of 67.68%. The firm's revenue was up 14.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.98 EPS. As a group, equities research analysts predict that Visa Inc. will post 13.16 earnings per share for the current fiscal year.

Visa Dividend Announcement

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 given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, August 11th. Visa's dividend payout ratio is currently 22.79%.

Visa Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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