Mastercard Incorporated (MA) Shares Sold by Formidable Asset Management LLC
Formidable Asset Management LLC lessened its stake in Mastercard Incorporated (NYSE:MA) by 13.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,172 shares of the credit services provider’s stock after selling 821 shares during the period. Formidable Asset Management LLC’s holdings in Mastercard were worth $628,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. American Beacon Advisors Inc. bought a new stake in Mastercard in the 1st quarter worth approximately $100,000. Chicago Partners Investment Group LLC grew its position in shares of Mastercard by 1,365.6% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 938 shares of the credit services provider’s stock valued at $105,000 after acquiring an additional 874 shares during the period. Thompson Davis & CO. Inc. grew its position in shares of Mastercard by 170.1% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 867 shares of the credit services provider’s stock valued at $105,000 after acquiring an additional 546 shares during the period. Proficio Capital Partners LLC grew 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. Finally, Norway Savings Bank grew its position in shares of Mastercard by 1.1% during the 2nd quarter. Norway Savings Bank now owns 960 shares of the credit services provider’s stock valued at $117,000 after acquiring an additional 10 shares during the period. 76.21% of the stock is owned by institutional investors and hedge funds.
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A number of equities research analysts have recently issued reports on MA shares. Instinet reissued a “buy” rating and set a $163.00 price objective (up previously from $153.00) on shares of Mastercard in a research report on Saturday, September 9th. KeyCorp reissued a “buy” rating and set a $165.00 price objective on shares of Mastercard in a research report on Wednesday, October 18th. BMO Capital Markets reissued an “outperform” rating and set a $174.00 price objective (up previously from $157.00) on shares of Mastercard in a research report on Wednesday, November 1st. Piper Jaffray Companies reissued a “buy” rating and set a $161.00 price objective on shares of Mastercard in a research report on Friday, October 13th. Finally, Susquehanna Bancshares Inc reissued a “positive” rating and set a $158.00 price objective (up previously from $149.00) on shares of Mastercard in a research report on Friday, September 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and twenty-eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $157.68.
Shares of Mastercard Incorporated (NYSE MA) opened at $149.69 on Tuesday. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.83. The stock has a market cap of $158,312.31, a PE ratio of 34.70, a PEG ratio of 1.99 and a beta of 1.21. Mastercard Incorporated has a 1 year low of $99.51 and a 1 year high of $152.00.
Mastercard (NYSE:MA) last announced its earnings results on Tuesday, October 31st. The credit services provider reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.11. The firm had revenue of $3.40 billion for the quarter, compared to analysts’ expectations of $3.28 billion. Mastercard had a net margin of 38.70% and a return on equity of 78.38%. The business’s revenue was up 18.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.08 EPS. sell-side analysts anticipate that Mastercard Incorporated will post 4.54 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, November 9th. Stockholders of record on Friday, October 6th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.59%. The ex-dividend date was Thursday, October 5th. Mastercard’s dividend payout ratio is 20.47%.
In other news, insider Craig Vosburg sold 14,200 shares of the company’s stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $141.86, for a total transaction of $2,014,412.00. Following the sale, the insider now directly owns 40,646 shares in the company, valued at approximately $5,766,041.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael Fraccaro sold 5,800 shares of the company’s stock in a transaction dated Thursday, October 12th. The shares were sold at an average price of $147.59, for a total transaction of $856,022.00. The disclosure for this sale can be found here. Insiders have sold a total of 25,000 shares of company stock worth $3,582,984 over the last 90 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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