Apollon Wealth Management LLC Decreases Holdings in Visa Inc. (NYSE:V)

Apollon Wealth Management LLC lessened its holdings in Visa Inc. (NYSE:V - Free Report) by 1.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 76,387 shares of the credit-card processor's stock after selling 766 shares during the quarter. Apollon Wealth Management LLC's holdings in Visa were worth $26,771,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in V. von Borstel & Associates Inc. bought a new stake in Visa during the first quarter worth about $27,000. Sellwood Investment Partners LLC bought a new position in Visa in the 4th quarter valued at approximately $41,000. Mountain Hill Investment Partners Corp. bought a new position in Visa in the 4th quarter valued at approximately $47,000. Measured Risk Portfolios Inc. bought a new position in Visa in the 4th quarter valued at approximately $47,000. Finally, Navigoe LLC acquired a new stake in Visa during the 4th quarter valued at approximately $53,000. Institutional investors own 82.15% of the company's stock.

Insider Buying and Selling at Visa

In related news, General Counsel Julie B. Rottenberg sold 2,575 shares of the stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $345.58, for a total value of $889,868.50. Following the completion of the transaction, the general counsel directly owned 11,925 shares in the company, valued at approximately $4,121,041.50. This represents a 17.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Paul D. Fabara sold 46,214 shares of the stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $370.00, for a total value of $17,099,180.00. Following the completion of the transaction, the insider owned 26,413 shares of the company's stock, valued at $9,772,810. The trade was a 63.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 101,108 shares of company stock valued at $36,771,200 over the last quarter. 0.13% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. The Goldman Sachs Group started coverage on Visa in a research note on Monday, June 2nd. They set a "neutral" rating on the stock. Susquehanna reiterated a "positive" rating on shares of Visa in a research report on Friday, March 21st. Evercore ISI initiated coverage on Visa in a research report on Wednesday, April 9th. They issued an "in-line" rating and a $330.00 target price for the company. Oppenheimer boosted their price objective on Visa from $390.00 to $391.00 and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. Finally, Piper Sandler boosted their price objective on Visa from $383.00 to $384.00 and gave the company an "overweight" rating in a research report on Wednesday, April 30th. Five investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $372.84.

Visa Trading Down 1.0%

Shares of V stock traded down $3.42 on Tuesday, reaching $347.09. 4,887,324 shares of the company's stock were exchanged, compared to its average volume of 6,809,956. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $375.51. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $640.43 billion, a PE ratio of 34.88, a P/E/G ratio of 2.36 and a beta of 0.92. The company's fifty day simple moving average is $356.96 and its 200 day simple moving average is $343.09.

Visa (NYSE:V - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 EPS for the quarter, topping the consensus estimate of $2.68 by $0.08. Visa had a return on equity of 56.28% and a net margin of 52.86%. The firm had revenue of $9.59 billion during the quarter, compared to analyst estimates of $9.57 billion. During the same period in the previous year, the company posted $2.51 EPS. The business's revenue for the quarter was up 9.3% compared to the same quarter last year. As a group, analysts forecast that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 13th were issued a $0.59 dividend. The ex-dividend date was Tuesday, May 13th. This represents a $2.36 dividend on an annualized basis and a yield of 0.68%. Visa's payout ratio is 23.72%.

Visa Company Profile

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.