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Visa Sees Reduction in Wellington Management Group LLP Holdings

Guavy AI Editorial Team
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Wellington Management Group LLP reduced its holdings in Visa Inc.'s stock by 3.7% in the second quarter, according to a recent SEC filing.

The fund sold 375,529 shares, leaving it with 9,863,282 shares of the credit-card processor's stock.

This represents approximately 0.6% of Wellington Management Group LLP's holdings, making Visa its 27th biggest position.

The company has a market cap of $681.05 billion and a price-to-earnings ratio of 32.45.

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