Livforsakringsbolaget Skandia Omsesidigt Has $2,226,000 Position in Mastercard Incorporated (MA)
Livforsakringsbolaget Skandia Omsesidigt maintained its position in Mastercard Incorporated (NYSE:MA) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 18,325 shares of the credit services provider’s stock at the close of the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Mastercard were worth $2,226,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently added to or reduced their stakes in the company. American Beacon Advisors Inc. bought a new stake in shares of Mastercard during the 1st quarter valued at $100,000. Proficio Capital Partners LLC lifted its position in shares of Mastercard by 108.2% during the 1st quarter. Proficio Capital Partners LLC now owns 893 shares of the credit services provider’s stock valued at $108,000 after acquiring an additional 464 shares during the period. Lipe & Dalton bought a new stake in shares of Mastercard during the 1st quarter valued at $101,000. Kistler Tiffany Companies LLC lifted its position in shares of Mastercard by 10.9% during the 1st quarter. Kistler Tiffany Companies LLC now owns 1,019 shares of the credit services provider’s stock valued at $115,000 after acquiring an additional 100 shares during the period. Finally, First Bank & Trust lifted its position in shares of Mastercard by 14.5% during the 1st quarter. First Bank & Trust now owns 1,300 shares of the credit services provider’s stock valued at $146,000 after acquiring an additional 165 shares during the period. Hedge funds and other institutional investors own 76.10% of the company’s stock.
A number of analysts have recently weighed in on the company. Royal Bank Of Canada reiterated a “top pick” rating and set a $130.00 target price on shares of Mastercard in a research report on Friday, June 16th. Piper Jaffray Companies restated an “overweight” rating and set a $150.00 price objective (up from $143.00) on shares of Mastercard in a research report on Friday, September 8th. BidaskClub upgraded Mastercard from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Morgan Stanley upped their price objective on Mastercard from $124.00 to $131.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 30th. Finally, Zacks Investment Research upgraded Mastercard from a “hold” rating to a “buy” rating and set a $136.00 price objective for the company in a research report on Wednesday, July 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $137.38.
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 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Foundation Mastercard sold 87,618 shares of the business’s stock in a transaction dated Thursday, July 20th. The shares were sold at an average price of $127.98, for a total value of $11,213,351.64. Following the completion of the sale, the insider now directly owns 112,649,063 shares of the company’s stock, valued at approximately $14,416,827,082.74. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 850,468 shares of company stock valued at $109,574,694. Corporate insiders own 0.30% of the company’s stock.
Shares of Mastercard Incorporated (NYSE MA) traded up 0.44% during midday trading on Thursday, hitting $140.72. The stock had a trading volume of 1,524,457 shares. The firm’s 50-day moving average price is $132.14 and its 200-day moving average price is $121.52. Mastercard Incorporated has a 1-year low of $98.38 and a 1-year high of $143.52. The stock has a market cap of $149.85 billion, a price-to-earnings ratio of 34.92 and a beta of 1.18.
Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, July 27th. The credit services provider reported $1.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.06. Mastercard had a return on equity of 74.92% and a net margin of 38.30%. The firm had revenue of $3.05 billion during the quarter, compared to analyst estimates of $2.98 billion. During the same quarter in the previous year, the company posted $0.96 earnings per share. The company’s revenue was up 13.3% compared to the same quarter last year. Analysts forecast that Mastercard Incorporated will post $4.43 earnings per share for the current year.
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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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