MasterCard Inc. (MA) Shares Sold by Papp L Roy & Associates
Papp L Roy & Associates decreased its position in shares of MasterCard Inc. (NYSE:MA) by 6.7% during the second quarter, Holdings Channel reports. The institutional investor owned 33,959 shares of the company’s stock after selling 2,425 shares during the period. Papp L Roy & Associates’ holdings in MasterCard were worth $2,990,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC purchased a new stake in shares of MasterCard during the first quarter worth about $106,000. Seven Bridges Advisors LLC purchased a new stake in shares of MasterCard during the second quarter worth about $109,000. First New York Securities LLC NY raised its stake in shares of MasterCard by 2,450.0% in the second quarter. First New York Securities LLC NY now owns 1,530 shares of the company’s stock worth $135,000 after buying an additional 1,470 shares during the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new stake in shares of MasterCard during the second quarter worth about $155,000. Finally, Hartford Financial Management Inc. raised its stake in shares of MasterCard by 76.0% in the second quarter. Hartford Financial Management Inc. now owns 2,200 shares of the company’s stock worth $193,000 after buying an additional 950 shares during the last quarter. 75.12% of the stock is currently owned by hedge funds and other institutional investors.
Shares of MasterCard Inc. (NYSE:MA) traded up 0.53% on Thursday, reaching $102.94. 3,875,630 shares of the company were exchanged. The company has a market capitalization of $113.00 billion, a P/E ratio of 30.20 and a beta of 1.19. The stock has a 50 day moving average of $98.93 and a 200-day moving average of $95.63. MasterCard Inc. has a 52-week low of $78.52 and a 52-week high of $103.17.
MasterCard (NYSE:MA) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.06. The company had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.59 billion. MasterCard had a net margin of 37.39% and a return on equity of 66.32%. MasterCard’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.85 earnings per share. On average, analysts predict that MasterCard Inc. will post $3.63 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 9th. Shareholders of record on Monday, October 10th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $0.76 dividend on an annualized basis and a yield of 0.74%. MasterCard’s dividend payout ratio is presently 22.35%.
A number of analysts recently issued reports on MA shares. Jefferies Group reiterated a “buy” rating on shares of MasterCard in a report on Thursday, August 25th. Sanford C. Bernstein restated an “outperform” rating and set a $110.00 target price on shares of MasterCard in a report on Saturday, July 2nd. Zacks Investment Research upgraded MasterCard from a “hold” rating to a “buy” rating and set a $114.00 target price for the company in a report on Wednesday, September 28th. Robert W. Baird restated an “outperform” rating and set a $115.00 target price on shares of MasterCard in a report on Monday, July 25th. Finally, Barclays PLC lowered their target price on MasterCard from $105.00 to $103.00 and set an “overweight” rating for the company in a report on Thursday, July 7th. Seven investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. MasterCard presently has an average rating of “Buy” and an average target price of $109.71.
In other news, major shareholder Foundation Mastercard sold 84,000 shares of the business’s stock in a transaction dated Thursday, July 21st. The shares were sold at an average price of $92.64, for a total transaction of $7,781,760.00. Following the transaction, the insider now directly owns 115,064,971 shares in the company, valued at $10,659,618,913.44. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Martina Hundmejean sold 94,345 shares of the business’s stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $96.82, for a total transaction of $9,134,482.90. Following the transaction, the chief financial officer now owns 214,968 shares in the company, valued at $20,813,201.76. The disclosure for this sale can be found here. 3.14% of the stock is currently owned by company insiders.
MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world. The Company operates through payment solutions segment. The Company allows user to make payments by a range of payment solutions and services using various brands, which include MasterCard, Maestro and Cirrus.
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