Investment House LLC Has $1,882,000 Position in Mastercard Incorporated (NYSE:MA)
Investment House LLC continued to hold its stake in shares of Mastercard Incorporated (NYSE:MA) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,500 shares of the credit services provider’s stock at the end of the second quarter. Investment House LLC’s holdings in Mastercard were worth $1,882,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of the company. American Beacon Advisors Inc. bought a new stake in shares of Mastercard during the first quarter worth about $100,000. Lipe & Dalton bought a new stake in shares of Mastercard during the first quarter worth about $101,000. Proficio Capital Partners LLC increased its stake in shares of 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 during the period. Kistler Tiffany Companies LLC increased its stake in shares of 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 during the period. Finally, Norway Savings Bank increased its stake in shares of Mastercard by 1.1% in the second quarter. Norway Savings Bank now owns 960 shares of the credit services provider’s stock worth $117,000 after buying an additional 10 shares during the period. 75.76% of the stock is owned by institutional investors and hedge funds.
Shares of Mastercard Incorporated (NYSE:MA) traded up 0.69% during trading on Friday, hitting $128.55. The stock had a trading volume of 2,484,529 shares. Mastercard Incorporated has a 12-month low of $94.41 and a 12-month high of $132.20. The firm has a market cap of $136.89 billion, a price-to-earnings ratio of 31.90 and a beta of 1.17. The stock has a 50-day moving average of $126.59 and a 200 day moving average of $117.50.
Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, July 27th. The credit services provider reported $1.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.06. The company had revenue of $3.05 billion during the quarter, compared to analyst estimates of $2.98 billion. Mastercard had a return on equity of 74.92% and a net margin of 38.30%. The firm’s revenue was up 13.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.96 earnings per share. On average, analysts predict that Mastercard Incorporated will post $4.39 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, August 9th. Stockholders of record on Friday, July 7th were paid a $0.22 dividend. The ex-dividend date was Wednesday, July 5th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.68%. Mastercard’s dividend payout ratio (DPR) is currently 21.78%.
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MA has been the subject of a number of recent research reports. Deutsche Bank AG reaffirmed a “buy” rating and issued a $124.00 target price on shares of Mastercard in a research note on Thursday, May 25th. Instinet raised their target price on Mastercard from $133.00 to $134.00 and gave the stock a “buy” rating in a research note on Thursday, May 4th. BidaskClub downgraded Mastercard from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 10th. Citigroup Inc. raised their target price on Mastercard from $123.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, June 19th. Finally, Zacks Investment Research raised Mastercard from a “hold” rating to a “buy” rating and set a $136.00 target price for the company in a research note on Wednesday, July 5th. One equities research 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 stock. The stock presently has a consensus rating of “Buy” and an average price target of $128.20.
In other news, major shareholder Foundation Mastercard sold 87,623 shares of the stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $129.34, for a total value of $11,333,158.82. Following the completion of the sale, the insider now owns 112,240,179 shares in the company, valued at $14,517,144,751.86. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Martina Hundmejean sold 91,107 shares of the stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $129.79, for a total value of $11,824,777.53. Following the completion of the sale, the chief financial officer now owns 170,570 shares of the company’s stock, valued at approximately $22,138,280.30. The disclosure for this sale can be found here. In the last quarter, insiders sold 850,468 shares of company stock valued at $109,574,694. 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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