Primecap Management Co. CA increased its stake in Visa Inc. (NYSE:V – Free Report) by 5.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,268,491 shares of the credit-card processor’s stock after buying an additional 208,290 shares during the period. Visa accounts for about 0.9% of Primecap Management Co. CA’s portfolio, making the stock its 24th largest position. Primecap Management Co. CA owned 0.24% of Visa worth $1,464,477,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Brighton Jones LLC increased its position in shares of Visa by 50.1% during the fourth quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor’s stock worth $6,522,000 after acquiring an additional 6,883 shares during the period. Revolve Wealth Partners LLC grew its stake in Visa by 68.9% in the fourth quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor’s stock worth $3,733,000 after purchasing an additional 4,817 shares in the last quarter. Nicholas Hoffman & Company LLC. grew its stake in Visa by 4.6% in the first quarter. Nicholas Hoffman & Company LLC. now owns 10,941 shares of the credit-card processor’s stock worth $3,834,000 after purchasing an additional 477 shares in the last quarter. Matrix Asset Advisors Inc. NY increased its holdings in Visa by 16.9% during the 2nd quarter. Matrix Asset Advisors Inc. NY now owns 1,133 shares of the credit-card processor’s stock worth $402,000 after purchasing an additional 164 shares during the period. Finally, Schnieders Capital Management LLC. raised its position in Visa by 13.8% during the 2nd quarter. Schnieders Capital Management LLC. now owns 18,367 shares of the credit-card processor’s stock valued at $6,521,000 after purchasing an additional 2,230 shares in the last quarter. Institutional investors own 82.15% of the company’s stock.
Insider Activity
In related news, insider Tullier Kelly Mahon sold 57,272 shares of the stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $364.97, for a total transaction of $20,902,561.84. Following the completion of the sale, the insider owned 49,662 shares of the company’s stock, valued at $18,125,140.14. This represents a 53.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Ryan Mcinerney sold 5,875 shares of the stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $367.87, for a total transaction of $2,161,236.25. Following the sale, the chief executive officer directly owned 15,174 shares of the company’s stock, valued at $5,582,059.38. The trade was a 27.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 96,634 shares of company stock worth $34,537,016. Corporate insiders own 0.12% of the company’s stock.
More Visa News
- Positive Sentiment: Visa and Mastercard reached fresh records as aggregate U.S. spending remained healthy, despite consumers becoming more selective. Strong payment volumes support Visa’s transaction growth and fee revenue. Visa and Mastercard shares hit fresh records, underscoring a resilient U.S. consumer
- Positive Sentiment: Visa launched a card-present acceptance offering with Bluefin, combining Visa’s global network with Bluefin’s payment-security infrastructure. The partnership could strengthen Visa’s enterprise merchant proposition and support future payment volumes. Visa and Bluefin Introduce Card-Present Acceptance Offering
- Positive Sentiment: European fintech provider payabl. expanded its relationship with Visa to offer Rapid Dispute Resolution tools to merchants in the UK and EU. Automatic dispute resolution may reduce chargebacks and improve merchant retention, reinforcing Visa’s value-added services. payabl. Teams Up with Visa to Help Merchants Quickly Resolve Disputes and Prevent Costly Chargebacks
- Positive Sentiment: Visa joined Singapore’s BLOOM initiative, which aims to connect traditional payment systems with stablecoin settlement networks. The move supports Visa’s positioning in emerging cross-border and digital-payment infrastructure. Visa Joins MAS-Led BLOOM Initiative
- Positive Sentiment: A financial disclosure showed purchases of Visa shares by accounts associated with President Donald Trump, generating additional market attention and perceived confidence in the company. Visa Stock Climbs After Trump Buys Millions in Stock
- Neutral Sentiment: CEO Ryan McInerney will speak at the Goldman Sachs Communacopia + Technology Conference on September 8. Investors may look for updates on spending trends, stablecoins and regulation, but no new guidance was announced. Visa to Participate in Upcoming Investor Conference
- Negative Sentiment: CEO Ryan McInerney sold 5,875 Visa shares worth approximately $2.16 million, reducing his direct ownership by 27.9%. Because the transaction occurred under a pre-arranged Rule 10b5-1 plan, the signal is limited, but insider selling could still attract some investor scrutiny.
Visa Trading Up 0.3%
V opened at $383.44 on Wednesday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.60. The firm has a market cap of $684.23 billion, a price-to-earnings ratio of 32.61, a PEG ratio of 2.05 and a beta of 0.74. Visa Inc. has a 12 month low of $293.89 and a 12 month high of $384.20. The stock has a fifty day moving average price of $355.90 and a 200-day moving average price of $330.36.
Visa (NYSE:V – Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The credit-card processor reported $3.32 earnings per share for the quarter, beating analysts’ consensus estimates of $3.23 by $0.09. Visa had a return on equity of 67.68% and a net margin of 50.78%.The company had revenue of $11.63 billion for the quarter, compared to the consensus estimate of $11.40 billion. During the same quarter last year, the company earned $2.98 earnings per share. The firm’s revenue for the quarter was up 14.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Visa Inc. will post 13.16 earnings per share for the current fiscal year.
Visa announced that its board has authorized a share buyback program on Tuesday, April 28th that allows the company to repurchase $20.00 billion in shares. This repurchase authorization allows the credit-card processor to buy up to 3.6% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.
Visa Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th will be issued a $0.67 dividend. 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 dividend payout ratio (DPR) is currently 22.79%.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $430.00 price target on shares of Visa in a research report on Wednesday, July 29th. Truist Financial set a $406.00 price objective on Visa and gave the company a “buy” rating in a report on Wednesday, August 5th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $432.00 price objective (up from $412.00) on shares of Visa in a research note on Thursday, July 30th. Morgan Stanley reiterated an “overweight” rating and set a $416.00 target price on shares of Visa in a report on Wednesday, July 29th. Finally, Robert W. Baird raised their target price on shares of Visa from $412.00 to $420.00 and gave the company 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 issued a Buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $414.54.
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.
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