Mastercard Incorporated (NYSE:MA) Position Reduced by Patton Albertson Miller Group LLC
Patton Albertson Miller Group LLC lowered its position in shares of Mastercard Incorporated (NYSE:MA) by 6.9% during the first quarter, Holdings Channel reports. The institutional investor owned 8,416 shares of the credit services provider’s stock after selling 620 shares during the period. Patton Albertson Miller Group LLC’s holdings in Mastercard were worth $980,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. SVA Plumb Wealth Management LLC raised its stake in Mastercard by 4.2% in the first quarter. SVA Plumb Wealth Management LLC now owns 28,909 shares of the credit services provider’s stock worth $3,251,000 after buying an additional 1,162 shares in the last quarter. Cibc World Markets Corp raised its stake in Mastercard by 47.1% in the first quarter. Cibc World Markets Corp now owns 103,126 shares of the credit services provider’s stock worth $11,599,000 after buying an additional 33,021 shares in the last quarter. Bridgeworth LLC raised its stake in Mastercard by 5.8% in the first quarter. Bridgeworth LLC now owns 2,071 shares of the credit services provider’s stock worth $231,000 after buying an additional 114 shares in the last quarter. Concert Wealth Management Inc. raised its stake in Mastercard by 0.3% in the first quarter. Concert Wealth Management Inc. now owns 6,467 shares of the credit services provider’s stock worth $664,000 after buying an additional 18 shares in the last quarter. Finally, Robecosam AG raised its stake in Mastercard by 0.6% in the first quarter. Robecosam AG now owns 72,250 shares of the credit services provider’s stock worth $8,140,000 after buying an additional 450 shares in the last quarter. Institutional investors own 75.76% of the company’s stock.
Shares of Mastercard Incorporated (NYSE:MA) opened at 129.80 on Monday. Mastercard Incorporated has a 12 month low of $94.41 and a 12 month high of $132.20. The company’s 50-day moving average is $124.99 and its 200 day moving average is $116.49. The stock has a market capitalization of $138.22 billion, a P/E ratio of 32.21 and a beta of 1.17.
Mastercard (NYSE:MA) last announced its earnings results on Thursday, July 27th. The credit services provider reported $1.10 EPS for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.06. The business had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $2.98 billion. Mastercard had a net margin of 38.30% and a return on equity of 74.92%. The firm’s revenue was up 13.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.96 earnings per share. Equities research analysts predict that Mastercard Incorporated will post $4.39 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 9th. Shareholders of record on Friday, July 7th will be issued a $0.22 dividend. The ex-dividend date is Wednesday, July 5th. This represents a $0.88 dividend on an annualized basis and a yield of 0.68%. Mastercard’s dividend payout ratio is presently 21.78%.
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A number of research firms recently commented on MA. BidaskClub lowered shares of Mastercard from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Cowen and Company reiterated an “outperform” rating and set a $137.00 price target (up from $129.00) on shares of Mastercard in a report on Sunday, July 30th. BMO Capital Markets upped their price target on shares of Mastercard from $126.00 to $137.00 and gave the company an “outperform” rating in a report on Friday, July 28th. Loop Capital upped their price objective on shares of Mastercard from $132.00 to $144.00 and gave the stock a “positive” rating in a report on Friday, July 28th. They noted that the move was a valuation call. Finally, Jefferies Group LLC restated a “buy” rating and issued a $147.00 price objective (up from $140.00) on shares of Mastercard in a report on Tuesday, July 18th. One analyst has rated the stock with a sell rating, five have given a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $128.20.
In other news, CFO Martina Hundmejean sold 91,107 shares of the business’s stock in a transaction dated 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 sale, the chief financial officer now owns 170,570 shares in the company, valued at $22,138,280.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Foundation Mastercard sold 87,618 shares of the business’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $126.60, for a total value of $11,092,438.80. Following the sale, the insider now owns 112,736,681 shares in the company, valued at approximately $14,272,463,814.60. The disclosure for this sale can be found here. Insiders sold 704,433 shares of company stock valued at $90,655,568 over the last quarter. 0.30% of the stock is currently owned by corporate insiders.
Mastercard Company Profile
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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