State of Alaska Department of Revenue Has $1.57 Million Holdings in Mastercard Incorporated (MA)
State of Alaska Department of Revenue lowered its stake in Mastercard Incorporated (NYSE:MA) by 0.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,907 shares of the credit services provider’s stock after selling 110 shares during the period. State of Alaska Department of Revenue’s holdings in Mastercard were worth $1,567,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently bought and sold shares of MA. American Beacon Advisors Inc. acquired a new stake in Mastercard in the 1st quarter valued at about $100,000. Lipe & Dalton acquired a new stake in Mastercard in the 1st quarter valued at about $101,000. Proficio Capital Partners LLC raised its position in Mastercard by 108.2% in the 1st quarter. Proficio Capital Partners LLC now owns 893 shares of the credit services provider’s stock valued at $108,000 after purchasing an additional 464 shares in the last quarter. Kistler Tiffany Companies LLC raised its position in Mastercard by 10.9% in the 1st quarter. Kistler Tiffany Companies LLC now owns 1,019 shares of the credit services provider’s stock valued at $115,000 after purchasing an additional 100 shares in the last quarter. Finally, First Bank & Trust raised its position in Mastercard by 14.5% in the 1st quarter. First Bank & Trust now owns 1,300 shares of the credit services provider’s stock valued at $146,000 after purchasing an additional 165 shares in the last quarter. 76.04% of the stock is currently owned by institutional investors.
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Mastercard (NYSE:MA) last announced its quarterly earnings data 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 firm 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%. Mastercard’s quarterly revenue was up 13.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.96 earnings per share.
The business also recently announced a quarterly dividend, which will be paid on Thursday, November 9th. Stockholders of record on Friday, October 6th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.62%. The ex-dividend date of this dividend is Thursday, October 5th. Mastercard’s dividend payout ratio (DPR) is presently 21.78%.
A number of equities research analysts have issued reports on the company. Zacks Investment Research lowered Mastercard from a “buy” rating to a “hold” rating in a research report on Monday. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $156.00 price target on shares of Mastercard in a research report on Friday. Cowen and Company reaffirmed an “outperform” rating and issued a $137.00 price target (up previously from $129.00) on shares of Mastercard in a research report on Sunday, July 30th. BidaskClub lowered Mastercard from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th. Finally, Loop Capital increased their price target on Mastercard from $132.00 to $144.00 and gave the company a “positive” rating in a research report on Friday, July 28th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-three have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $141.47.
In other news, CFO Martina Hundmejean sold 91,107 shares of the company’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 transaction of $11,824,777.53. Following the completion of the transaction, the chief financial officer now directly owns 170,570 shares of the company’s stock, valued at $22,138,280.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Foundation Mastercard sold 29,206 shares of the company’s stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $130.33, for a total value of $3,806,417.98. Following the transaction, the insider now directly owns 112,473,827 shares of the company’s stock, valued at $14,658,713,872.91. The disclosure for this sale can be found here. Insiders have sold 850,468 shares of company stock valued at $109,574,694 over the last ninety days. Corporate 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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