Fundsmith 13F: Cuts Visa (V) Stake by $148M

Fundsmith Trims Visa Inc. V Holdings

Fundsmith lowered its investment in Visa Inc. V NYSE during the period, according to a recent Form 13F filing with the U.S. Securities and Exchange Commission. The filing reflects holdings as of the reporting period and may not represent the investor's current position.

Position Changes in Visa Inc. V Shares

During the quarter, Fundsmith parted with 430,594 shares of Visa Inc. V. That move marked a 12.1% decrease from its prior holdings of 3,534,684 shares. Following the sale, the fund's remaining stake stood at 3,104,090 shares. Based on market prices at the time, the block of shares was valued at approximately $1.06 billion.

Visa Inc. V Stock Performance and Valuation

Visa Inc. V shares recently traded hands at $343.09, sitting between its 52-week low of $293.89 and its 52-week high of $385.57. The company's stock rests above its 200-day moving average of $336.14, while tracking below its 50-day moving average of $367.50. The firm operates with a P/E ratio of 31.48 and a forward P/E of 24.65.

Recent Earnings for Visa Inc. V

Visa Inc. V generated $44.48 billion in revenue over the trailing period, alongside a revenue growth rate of 14.4%. The credit services firm posted earnings of $11.75 per share, supported by a net margin of 50.78% and a return on equity of 61.19%. The company's next earnings report is scheduled for release on October 27, 2026.

Dividend Payout Details

Visa Inc. V distributes an annual dividend rate of $2.68 per share, giving investors a dividend yield of 0.72%. The payout represents 22.12% of the company's earnings.

Analysts Set New Price Targets

Wall Street firms continue to monitor the payment network closely. On October 12, 2026, Baird maintained its Outperform rating on the stock while lifting its price target to $430.00 from $420.00. Earlier, on August 31, 2026, RBC Capital kept an Outperform rating and raised its target to $466.00. Wolfe Research maintained an Outperform rating on August 25, 2026, setting a target of $460.00. Truist Securities kept a Buy rating on August 5, 2026, with a $406.00 price target. Cantor Fitzgerald maintained an Overweight rating on August 3, 2026, raising its target to $445.00. Wells Fargo maintained an Overweight rating on July 30, 2026, lifting its target to $432.00. Piper Sandler maintained an Overweight rating on July 29, 2026, raising its target to $430.00. Susquehanna maintained a Positive rating on July 29, 2026, moving its target to $427.00. Overall, the stock carries a strong buy recommendation and a mean price target of $419.36 from 37 analysts.

Inside Visa Inc. V Operations

Headquartered in San Francisco, California, Visa Inc. V operates a massive electronic payment technology network that routes transactions between consumers, merchants, and financial institutions worldwide. The company manages VisaNet alongside digital payment platforms, fraud prevention tools, and value-added consulting services for global clients.

Looking Ahead for Fundsmith and Visa Inc. V

Investors tracking Fundsmith will need to review subsequent quarterly filings to see whether the fund continues to pare back its exposure or stabilizes its share count. Institutional 13F reports provide a backward-looking snapshot of portfolio adjustments rather than real-time trading updates.