Webster Bank N. A. Sells 100 Shares of Mastercard Incorporated (MA)
Webster Bank N. A. reduced its stake in shares of Mastercard Incorporated (NYSE:MA) by 1.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,405 shares of the credit services provider’s stock after selling 100 shares during the quarter. Webster Bank N. A.’s holdings in Mastercard were worth $657,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of MA. American Beacon Advisors Inc. acquired a new position in Mastercard during the 1st quarter worth $100,000. Lipe & Dalton acquired a new position in Mastercard during the 1st quarter worth $101,000. Proficio Capital Partners LLC boosted its position in Mastercard by 108.2% during the 1st quarter. Proficio Capital Partners LLC now owns 893 shares of the credit services provider’s stock worth $108,000 after acquiring an additional 464 shares during the period. Kistler Tiffany Companies LLC boosted its position in Mastercard by 10.9% during the 1st quarter. Kistler Tiffany Companies LLC now owns 1,019 shares of the credit services provider’s stock worth $115,000 after acquiring an additional 100 shares during the period. Finally, First Bank & Trust boosted its position in Mastercard by 14.5% during the 1st quarter. First Bank & Trust now owns 1,300 shares of the credit services provider’s stock worth $146,000 after acquiring an additional 165 shares during the period. Hedge funds and other institutional investors own 76.04% of the company’s stock.
A number of research analysts have issued reports on the company. Zacks Investment Research upgraded Mastercard from a “hold” rating to a “buy” rating and set a $160.00 price target for the company in a research report on Thursday. Royal Bank Of Canada reiterated a “buy” rating and set a $156.00 price target on shares of Mastercard in a research report on Friday. Morgan Stanley reiterated an “overweight” rating and set a $160.00 price target (up previously from $138.00) on shares of Mastercard in a research report on Tuesday. Piper Jaffray Companies restated an “overweight” rating and issued a $150.00 price objective (up previously from $143.00) on shares of Mastercard in a report on Friday, September 8th. Finally, Instinet restated a “buy” rating and issued a $163.00 price objective (up previously from $153.00) on shares of Mastercard in a report on Saturday, September 9th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-four have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $141.47.
Mastercard Incorporated (MA) traded up 0.12% during mid-day trading on Friday, hitting $141.89. The stock had a trading volume of 1,860,351 shares. Mastercard Incorporated has a 52 week low of $99.51 and a 52 week high of $143.59. The stock’s 50-day moving average is $133.90 and its 200 day moving average is $122.61. The company has a market capitalization of $151.10 billion, a P/E ratio of 35.21 and a beta of 1.18.
Mastercard (NYSE:MA) last released its earnings results 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 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 quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.96 earnings per share. Equities analysts forecast that Mastercard Incorporated will post $4.43 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 9th. Shareholders of record on Friday, October 6th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date is Thursday, October 5th. Mastercard’s dividend payout ratio (DPR) is presently 21.78%.
In other Mastercard news, major shareholder Foundation Mastercard sold 87,618 shares of the business’s stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $126.60, for a total transaction of $11,092,438.80. Following the transaction, the insider now owns 112,736,681 shares of the company’s stock, valued at $14,272,463,814.60. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Martina Hundmejean sold 91,107 shares of the business’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 170,570 shares in the company, valued at approximately $22,138,280.30. The disclosure for this sale can be found here. In the last three months, insiders have sold 850,468 shares of company stock worth $109,574,694. Company 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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