Academy Capital Management Inc. TX Sells 1,924 Shares of Mastercard Incorporated (MA)
Academy Capital Management Inc. TX decreased its position in Mastercard Incorporated (NYSE:MA) by 1.0% during the second quarter, Holdings Channel reports. The institutional investor owned 195,871 shares of the credit services provider’s stock after selling 1,924 shares during the period. Mastercard comprises 6.6% of Academy Capital Management Inc. TX’s investment portfolio, making the stock its 3rd largest position. Academy Capital Management Inc. TX’s holdings in Mastercard were worth $23,788,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in the company. American Beacon Advisors Inc. acquired a new position in Mastercard during the first quarter worth approximately $100,000. Integrated Investment Consultants LLC raised its position in Mastercard by 260.0% in the first quarter. Integrated Investment Consultants LLC now owns 900 shares of the credit services provider’s stock worth $101,000 after buying an additional 650 shares in the last quarter. Lipe & Dalton acquired a new position in Mastercard during the first quarter worth approximately $101,000. Proficio Capital Partners LLC raised its position in Mastercard by 108.2% in the first quarter. Proficio Capital Partners LLC now owns 893 shares of the credit services provider’s stock worth $108,000 after buying an additional 464 shares in the last quarter. Finally, Kistler Tiffany Companies LLC raised its position in Mastercard by 10.9% in the first quarter. Kistler Tiffany Companies LLC now owns 1,019 shares of the credit services provider’s stock worth $115,000 after buying an additional 100 shares in the last quarter. 75.76% of the stock is currently owned by institutional investors and hedge funds.
Mastercard Incorporated (MA) traded up 0.04% during midday trading on Monday, reaching $129.87. 679,147 shares of the company traded hands. The stock’s 50 day moving average is $124.99 and its 200 day moving average is $116.49. The company has a market capitalization of $138.30 billion, a price-to-earnings ratio of 32.23 and a beta of 1.17. Mastercard Incorporated has a one year low of $94.41 and a one year high of $132.20.
Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, July 27th. The credit services provider reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.06. Mastercard had a net margin of 38.30% and a return on equity of 74.92%. The business had revenue of $3.05 billion for the quarter, compared to analysts’ expectations of $2.98 billion. During the same period last year, the business earned $0.96 earnings per share. The business’s quarterly revenue was up 13.3% on a year-over-year basis. On average, equities analysts anticipate that Mastercard Incorporated will post $4.39 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 9th. Shareholders of record on Friday, July 7th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend is Wednesday, July 5th. Mastercard’s payout ratio is currently 21.78%.
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MA has been the topic of a number of recent research reports. Deutsche Bank AG reaffirmed a “buy” rating and set a $124.00 price target on shares of Mastercard in a research report on Thursday, May 25th. Instinet raised their price target on shares of Mastercard from $133.00 to $134.00 and gave the stock a “buy” rating in a research report on Thursday, May 4th. Piper Jaffray Companies reaffirmed a “buy” rating on shares of Mastercard in a research report on Friday, April 14th. BidaskClub lowered shares of Mastercard from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 10th. Finally, Citigroup Inc. raised their price target on shares of Mastercard from $123.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, June 19th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $128.20.
In other news, major shareholder Foundation Mastercard sold 87,618 shares of the firm’s stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $126.60, for a total value of $11,092,438.80. Following the transaction, the insider now owns 112,736,681 shares in the company, valued at $14,272,463,814.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Martina Hundmejean sold 91,107 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $129.79, for a total transaction of $11,824,777.53. Following the completion of the transaction, the chief financial officer now owns 170,570 shares in the company, valued at approximately $22,138,280.30. The disclosure for this sale can be found here. Insiders have sold 704,433 shares of company stock worth $90,655,568 over the last quarter. Company insiders own 0.30% of the company’s stock.
MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.
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