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Visa stays in the VIP section
Berkeley Inc. clearly didn’t get the memo about diversifying away from the card giant. In its latest filing, the firm boosted its Visa stake by 9.1% in Q4 and now owns 51,486 shares worth about $18.06 million.
Why investors should care
That makes Visa Berkeley’s third-biggest position, or about 5.7% of the portfolio — not exactly a casual side quest. When a fund keeps leaning into a name this hard, it usually says one of two things: either the stock still looks like a sturdy cash machine, or the manager really, really likes swiping right on payments.
Visa’s own numbers aren’t hurting the case. The company recently beat Q4 estimates with EPS of $3.17 on revenue of $10.9 billion, up 14.6% year over year. Add in a $0.67 quarterly dividend and a consensus Buy rating on Wall Street, and you’ve got the kind of boring-in-the-best-way business that tends to keep showing up in portfolios.
The fine print
A few more nuggets from the piece:
- Institutional ownership is a hefty 82.15%, so Visa is very much a Wall Street favorite.
- Director Lloyd Carney also sold 650 shares in March, which is small potatoes compared with the broader fund flows.
- Analysts are still modeling 11.3 earnings per share for the full year.
Big picture: Visa keeps getting treated like the financial equivalent of utility billing — not flashy, but hard to quit once it’s in the routine.