Primecap Boosts Stake in Visa, Buys Additional Shares

Primecap Management Co. CA, an investment firm, increased its stake in Visa Inc., the credit-card processor, by 5.1% during the second quarter, according to a recent filing with the Securities and Exchange Commission (SEC). The company bought an additional 208,290 shares of Visa stock, bringing its total ownership to 4,268,491 shares.

This represents about 0.9% of Primecap Management Co. CA's portfolio, making Visa its 24th largest position. As of the firm's most recent filing with the SEC, it owned 0.24% of Visa worth $1,464,477,000.

Visa's shares have been performing well, with a current ratio of 0.99, a quick ratio of 0.99, and a debt-to-equity ratio of 0.60. The company 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.

Other institutional investors have also increased their stakes in Visa, including Brighton Jones LLC, Revolve Wealth Partners LLC, Nicholas Hoffman & Company LLC., Matrix Asset Advisors Inc. NY, and Schnieders Capital Management LLC.