Mackenzie Financial Corp Has $776.04 Million Stock Holdings in Visa Inc. (NYSE:V)

Mackenzie Financial Corp boosted its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 38.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,455,500 shares of the credit-card processor's stock after buying an additional 675,567 shares during the quarter. Visa makes up approximately 1.0% of Mackenzie Financial Corp's investment portfolio, making the stock its 18th largest position. Mackenzie Financial Corp owned approximately 0.13% of Visa worth $776,036,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of V. Bradley & Co. Private Wealth Management LLC acquired a new position in Visa during the fourth quarter worth approximately $27,000. POM Investment Strategies LLC grew its position in shares of Visa by 48.5% in the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor's stock valued at $31,000 after purchasing an additional 32 shares during the last quarter. Compass Planning Associates Inc acquired a new position in shares of Visa in the fourth quarter valued at approximately $32,000. NewSquare Capital LLC acquired a new position in shares of Visa in the fourth quarter valued at approximately $35,000. Finally, FPC Investment Advisory Inc. grew its position in shares of Visa by 377.3% in the fourth quarter. FPC Investment Advisory Inc. now owns 105 shares of the credit-card processor's stock valued at $36,000 after purchasing an additional 83 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company's stock.

Visa Price Performance

Shares of V traded up $5.67 during trading hours on Tuesday, reaching $359.21. The stock had a trading volume of 6,312,180 shares, compared to its average volume of 7,023,621. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $369.15. The stock has a market capitalization of $662.80 billion, a PE ratio of 36.21, a PEG ratio of 2.33 and a beta of 0.96. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. The company's 50-day moving average is $341.75 and its two-hundred day moving average is $332.43.

Visa (NYSE:V - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.68 by $0.08. Visa had a return on equity of 54.79% and a net margin of 54.27%. The company had revenue of $9.59 billion during the quarter, compared to the consensus estimate of $9.57 billion. During the same period last year, the company earned $2.51 earnings per share. The firm's revenue was up 9.3% compared to the same quarter last year. Research analysts expect that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.66%. The ex-dividend date of this dividend is Tuesday, May 13th. Visa's dividend payout ratio (DPR) is presently 23.72%.

Insider Buying and Selling

In other Visa news, insider Paul D. Fabara sold 39,350 shares of the stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $327.20, for a total transaction of $12,875,320.00. Following the completion of the sale, the insider now directly owns 26,413 shares in the company, valued at approximately $8,642,333.60. This trade represents a 59.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of the stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $345.58, for a total value of $889,868.50. Following the sale, the general counsel now owns 11,925 shares of the company's stock, valued at approximately $4,121,041.50. The trade was a 17.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 121,948 shares of company stock valued at $41,548,282 over the last quarter. Insiders own 0.13% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. William Blair reaffirmed an "outperform" rating on shares of Visa in a research report on Wednesday, April 30th. Keefe, Bruyette & Woods reaffirmed a "hold" rating on shares of Visa in a research report on Thursday, February 13th. The Goldman Sachs Group increased their price target on Visa from $346.00 to $384.00 and gave the stock a "buy" rating in a research report on Friday, January 31st. Evercore ISI started coverage on Visa in a research report on Wednesday, April 9th. They set an "in-line" rating and a $330.00 price target on the stock. Finally, Susquehanna reissued a "positive" rating on shares of Visa in a research report on Friday, March 21st. Six equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $365.71.

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.