Mastercard Incorporated (MA) Shares Sold by Heritage Investors Management Corp
Heritage Investors Management Corp cut its holdings in Mastercard Incorporated (NYSE:MA) by 4.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 228,285 shares of the credit services provider’s stock after selling 11,589 shares during the period. Mastercard accounts for approximately 1.9% of Heritage Investors Management Corp’s portfolio, making the stock its 5th biggest holding. Heritage Investors Management Corp’s holdings in Mastercard were worth $27,725,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Cookson Peirce & Co. Inc. increased its stake in shares of Mastercard by 1.2% in the first quarter. Cookson Peirce & Co. Inc. now owns 13,441 shares of the credit services provider’s stock worth $1,512,000 after purchasing an additional 160 shares during the period. Oribel Capital Management LP bought a new position in shares of Mastercard in the first quarter worth about $5,849,000. Linscomb & Williams Inc. increased its stake in shares of Mastercard by 5.7% in the first quarter. Linscomb & Williams Inc. now owns 11,223 shares of the credit services provider’s stock worth $1,262,000 after purchasing an additional 603 shares during the period. Birch Hill Investment Advisors LLC increased its stake in shares of Mastercard by 4.2% in the first quarter. Birch Hill Investment Advisors LLC now owns 86,245 shares of the credit services provider’s stock worth $9,700,000 after purchasing an additional 3,495 shares during the period. Finally, Edgestream Partners L.P. increased its stake in shares of Mastercard by 289.8% in the first quarter. Edgestream Partners L.P. now owns 20,991 shares of the credit services provider’s stock worth $2,361,000 after purchasing an additional 15,606 shares during the period. Institutional investors and hedge funds own 76.04% of the company’s stock.
A number of research firms have recently commented on MA. Cowen and Company reiterated an “outperform” rating and issued a $137.00 price objective (up from $129.00) on shares of Mastercard in a research note on Sunday, July 30th. BidaskClub lowered Mastercard from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. KeyCorp reiterated a “buy” rating and issued a $150.00 price objective on shares of Mastercard in a research note on Thursday, September 7th. Morgan Stanley lifted their price objective on Mastercard from $138.00 to $160.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, Guggenheim upgraded Mastercard from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $135.00 to $153.00 in a research note on Monday, September 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the stock. Mastercard presently has a consensus rating of “Buy” and an average price target of $139.55.
In related news, major shareholder Foundation Mastercard sold 87,623 shares of Mastercard stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $129.34, for a total value of $11,333,158.82. Following the transaction, the insider now directly owns 112,240,179 shares of the company’s stock, valued at $14,517,144,751.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Martina Hundmejean sold 91,107 shares of Mastercard stock in a transaction that occurred on Wednesday, August 2nd. The shares were 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 directly owns 170,570 shares in the company, valued at $22,138,280.30. The disclosure for this sale can be found here. Insiders sold 850,468 shares of company stock worth $109,574,694 over the last three months. 0.30% of the stock is currently owned by insiders.
Shares of Mastercard Incorporated (NYSE:MA) traded up 1.27% on Tuesday, hitting $143.19. The stock had a trading volume of 1,814,601 shares. Mastercard Incorporated has a 12-month low of $99.51 and a 12-month high of $143.59. The firm has a market capitalization of $152.48 billion, a P/E ratio of 35.53 and a beta of 1.18. The company has a 50 day moving average of $133.48 and a 200-day moving average of $122.39.
Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, July 27th. The credit services provider reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.06. The business had revenue of $3.05 billion for the quarter, compared to analysts’ expectations of $2.98 billion. Mastercard had a net margin of 38.30% and a return on equity of 74.92%. The firm’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period last year, the firm posted $0.96 earnings per share. Equities analysts predict that Mastercard Incorporated will post $4.43 EPS for the current fiscal year.
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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