Visa Inc. $V Shares Sold by Wellington Management Group LLP

Key Points

• Wellington Management reduced its Visa stake by 3.7%, selling 375,529 shares in the second quarter and retaining 9.86 million shares worth approximately $3.38 billion. Institutional investors collectively own 82.15% of Visa.
• Analyst sentiment remains positive: Visa has a consensus “Buy” rating and an average price target of $414.54, with several firms recently raising their targets.
• Visa reported quarterly adjusted earnings of $3.32 per share and revenue of $11.63 billion, exceeding estimates and representing 14.4% year-over-year revenue growth. Shares opened at $381.66, while the company declared a quarterly dividend of $0.67 per share.

Wellington Management Group LLP cut its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 3.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,863,282 shares of the credit-card processor's stock after selling 375,529 shares during the period. Visa makes up approximately 0.6% of Wellington Management Group LLP's holdings, making the stock its 27th biggest position. Wellington Management Group LLP owned about 0.55% of Visa worth $3,383,993,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. XXEC Inc. grew its holdings in shares of Visa by 153,118.8% in the 2nd quarter. XXEC Inc. now owns 186,260,448 shares of the credit-card processor's stock worth $63,904,097,000 after acquiring an additional 186,138,883 shares during the last quarter. Norges Bank purchased a new stake in shares of Visa during the fourth quarter valued at $5,877,738,000. Cardano Risk Management B.V. boosted its position in shares of Visa by 867.6% in the 4th quarter. Cardano Risk Management B.V. now owns 8,213,610 shares of the credit-card processor's stock valued at $2,880,595,000 after purchasing an additional 7,364,762 shares during the period. Diamant Asset Management Inc. boosted its position in shares of Visa by 29,706.3% in the 1st quarter. Diamant Asset Management Inc. now owns 7,332,947 shares of the credit-card processor's stock valued at $2,216,310,000 after purchasing an additional 7,308,345 shares during the period. Finally, Jupiter Topco LLC purchased a new position in Visa in the 2nd quarter worth about $1,435,262,000. 82.15% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on V. Erste Group Bank upgraded Visa from a "hold" rating to a "buy" rating in a report on Monday, July 27th. JPMorgan Chase & Co. raised their target price on shares of Visa from $400.00 to $450.00 and gave the stock an "overweight" rating in a report on Wednesday, July 29th. Barclays assumed coverage on shares of Visa in a research report on Tuesday, July 7th. They issued an "overweight" rating and a $420.00 target price on the stock. Royal Bank Of Canada restated an "outperform" rating and set a $412.00 price target (up from $395.00) on shares of Visa in a report on Wednesday, July 29th. Finally, Raymond James Financial restated an "outperform" rating and issued a $406.00 price target on shares of Visa in a research report on Wednesday, July 29th. Seven research 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, the company presently has a consensus rating of "Buy" and an average target price of $414.54.

Key Stories Impacting Visa

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

Visa Stock Up 0.5%

V stock opened at $381.66 on Friday. The company has a 50 day moving average of $359.07 and a two-hundred day moving average of $331.43. The company has a market cap of $681.05 billion, a price-to-earnings ratio of 32.45, a PEG ratio of 2.03 and a beta of 0.74. 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.

Visa (NYSE:V - Get Free Report) last posted its quarterly earnings results 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. Visa had a net margin of 50.78% and a return on equity of 67.68%. The business had revenue of $11.63 billion for the quarter, compared to analysts' expectations of $11.40 billion. During the same period in the previous year, the company posted $2.98 EPS. Visa's revenue was up 14.4% on a year-over-year basis. On average, equities analysts anticipate that Visa Inc. will post 13.16 earnings per share for the current fiscal year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th will be given a dividend of $0.67 per share. The ex-dividend date of this dividend is Tuesday, August 11th. This represents a $2.68 dividend on an annualized basis and a yield of 0.7%. Visa's dividend payout ratio (DPR) is presently 22.79%.

Insider Buying and Selling at Visa

In other news, CEO Ryan Mcinerney sold 20,970 shares of the firm's stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $340.25, for a total transaction of $7,135,042.50. Following the completion of the sale, the chief executive officer directly owned 15,174 shares of the company's stock, valued at $5,162,953.50. This trade represents a 58.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of Visa stock in a transaction dated Thursday, July 2nd. The shares were 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 of the company's stock, valued at approximately $6,625,440. This represents a 9.92% decrease in their ownership of the stock. 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 have sold 96,634 shares of company stock worth $34,537,016 over the last 90 days. 0.12% of the stock is currently owned by corporate insiders.

Visa Company 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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