Mastercard Incorporated (MA) Position Decreased by Delaney Dennis R
Delaney Dennis R lowered its stake in shares of Mastercard Incorporated (NYSE:MA) by 2.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,775 shares of the credit services provider’s stock after selling 295 shares during the period. Mastercard accounts for about 3.5% of Delaney Dennis R’s holdings, making the stock its 10th largest position. Delaney Dennis R’s holdings in Mastercard were worth $1,661,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of MA. Pennsylvania Trust Co boosted its stake in Mastercard by 1.6% in the first quarter. Pennsylvania Trust Co now owns 20,733 shares of the credit services provider’s stock valued at $2,332,000 after buying an additional 335 shares during the period. Cookson Peirce & Co. Inc. boosted its stake in Mastercard by 1.2% in the first quarter. Cookson Peirce & Co. Inc. now owns 13,441 shares of the credit services provider’s stock valued at $1,512,000 after buying an additional 160 shares during the period. Adviser Investments LLC acquired a new stake in Mastercard during the first quarter valued at approximately $727,000. Linscomb & Williams Inc. boosted its stake in Mastercard by 5.7% in the first quarter. Linscomb & Williams Inc. now owns 11,223 shares of the credit services provider’s stock valued at $1,262,000 after buying an additional 603 shares during the period. Finally, Tompkins Financial Corp boosted its stake in Mastercard by 9.7% in the first quarter. Tompkins Financial Corp now owns 10,703 shares of the credit services provider’s stock valued at $1,011,000 after buying an additional 949 shares during the period. Hedge funds and other institutional investors own 75.76% of the company’s stock.
Mastercard Incorporated (MA) traded up 0.69% on Friday, hitting $128.55. The stock had a trading volume of 2,484,529 shares. The stock has a market cap of $136.89 billion, a P/E ratio of 31.90 and a beta of 1.17. 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 $126.59 and its 200-day moving average is $117.50.
Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, July 27th. The credit services provider reported $1.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.06. The company had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $2.98 billion. Mastercard had a return on equity of 74.92% and a net margin of 38.30%. Mastercard’s revenue was up 13.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.96 EPS. Analysts forecast that Mastercard Incorporated will post $4.39 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 9th. Shareholders of record on Friday, July 7th were issued a $0.22 dividend. The ex-dividend date was Wednesday, July 5th. This represents a $0.88 annualized dividend and a yield of 0.68%. Mastercard’s dividend payout ratio (DPR) is presently 21.78%.
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MA has been the topic of several recent analyst reports. Deutsche Bank AG reaffirmed a “buy” rating and set a $124.00 price objective on shares of Mastercard in a research report on Thursday, May 25th. Instinet increased their price objective on Mastercard from $133.00 to $134.00 and gave the company a “buy” rating in a research report on Thursday, May 4th. BidaskClub cut Mastercard from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 10th. Citigroup Inc. increased their price objective on Mastercard from $123.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, June 19th. Finally, Zacks Investment Research raised Mastercard from a “hold” rating to a “buy” rating and set a $136.00 price objective on the stock in a research report on Wednesday, July 5th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $128.20.
In other news, major shareholder Foundation Mastercard sold 87,623 shares of the company’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $129.34, for a total transaction of $11,333,158.82. Following the completion of the sale, the insider now directly owns 112,240,179 shares in the company, valued at approximately $14,517,144,751.86. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Martina Hundmejean sold 91,107 shares of the company’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $129.79, for a total value of $11,824,777.53. Following the sale, the chief financial officer now owns 170,570 shares of the company’s stock, valued at $22,138,280.30. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 850,468 shares of company stock valued at $109,574,694. Insiders own 0.30% of the company’s stock.
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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