Generali Investments CEE investicni spolecnost a.s. Increases Stock Position in Visa Inc. $V

Key Points

• Generali Investments CEE investicni spolecnost a.s. increased its stake in Visa Inc. by 5.8% during the second quarter, now holding 31,859 shares valued at $11.3 million.
• Insider transactions revealed that Visa's CEO, Ryan Mcinerney, sold 10,485 shares worth approximately $3.59 million, significantly reducing his ownership position by 95.13%.
• Visa's recent earnings report showed a revenue of $10.17 billion, exceeding analyst estimates, and it announced a quarterly dividend of $0.59 per share.

Generali Investments CEE investicni spolecnost a.s. grew its position in shares of Visa Inc. (NYSE:V - Free Report) by 5.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,859 shares of the credit-card processor's stock after purchasing an additional 1,758 shares during the period. Visa makes up approximately 0.9% of Generali Investments CEE investicni spolecnost a.s.'s investment portfolio, making the stock its 20th biggest position. Generali Investments CEE investicni spolecnost a.s.'s holdings in Visa were worth $11,312,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Keystone Global Partners LLC purchased a new stake in shares of Visa during the 1st quarter valued at about $26,000. von Borstel & Associates Inc. purchased a new stake in Visa during the first quarter valued at approximately $27,000. Family Legacy Financial Solutions LLC purchased a new stake in Visa during the second quarter valued at approximately $28,000. Cranbrook Wealth Management LLC lifted its stake in shares of Visa by 82.0% in the 2nd quarter. Cranbrook Wealth Management LLC now owns 91 shares of the credit-card processor's stock valued at $32,000 after purchasing an additional 41 shares during the last quarter. Finally, 1 North Wealth Services LLC purchased a new position in shares of Visa in the 1st quarter worth approximately $38,000. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Visa

In other Visa news, CEO Ryan Mcinerney sold 10,485 shares of Visa stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $342.30, for a total transaction of $3,589,015.50. Following the completion of the sale, the chief executive officer directly owned 537 shares in the company, valued at approximately $183,815.10. The trade was a 95.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of the stock in a transaction on Monday, August 18th. The stock was sold at an average price of $344.02, for a total transaction of $697,328.54. Following the completion of the sale, the general counsel owned 11,925 shares in the company, valued at $4,102,438.50. The trade was a 14.53% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.13% of the company's stock.

Visa Stock Up 1.1%

NYSE:V opened at $349.90 on Friday. The company's 50 day moving average is $343.78 and its two-hundred day moving average is $346.70. The company has a market cap of $641.29 billion, a PE ratio of 34.17, a P/E/G ratio of 2.05 and a beta of 0.90. Visa Inc. has a twelve month low of $273.24 and a twelve month high of $375.51. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.52.

Visa (NYSE:V - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share for the quarter, beating analysts' consensus estimates of $2.85 by $0.13. Visa had a net margin of 52.16% and a return on equity of 58.93%. The firm had revenue of $10.17 billion for the quarter, compared to analyst estimates of $9.82 billion. During the same period in the previous year, the company earned $2.42 earnings per share. The business's quarterly revenue was up 14.3% compared to the same quarter last year. Analysts anticipate that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 12th were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Tuesday, August 12th. Visa's dividend payout ratio (DPR) is presently 23.05%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on V shares. Oppenheimer increased their price target on Visa from $390.00 to $391.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. UBS Group restated a "buy" rating and issued a $415.00 target price (up previously from $405.00) on shares of Visa in a report on Wednesday, July 30th. Truist Financial dropped their price target on shares of Visa from $400.00 to $397.00 and set a "buy" rating for the company in a research note on Thursday, July 17th. Weiss Ratings reissued a "buy (b)" rating on shares of Visa in a research report on Saturday, September 27th. Finally, Macquarie boosted their target price on Visa from $380.00 to $425.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $385.96.

About Visa

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.

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