ProShare Advisors LLC Has $25.64 Million Position in Mastercard Incorporated (MA)
ProShare Advisors LLC reduced its position in Mastercard Incorporated (NYSE:MA) by 1.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 211,124 shares of the credit services provider’s stock after selling 3,757 shares during the period. ProShare Advisors LLC’s holdings in Mastercard were worth $25,641,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Boys Arnold & Co. Inc. raised its position in Mastercard by 7.8% during the second quarter. Boys Arnold & Co. Inc. now owns 5,006 shares of the credit services provider’s stock worth $608,000 after acquiring an additional 363 shares during the period. OMERS ADMINISTRATION Corp acquired a new position in Mastercard during the second quarter worth $2,351,000. Baldwin Investment Management LLC raised its position in Mastercard by 5.9% during the second quarter. Baldwin Investment Management LLC now owns 3,600 shares of the credit services provider’s stock worth $437,000 after acquiring an additional 200 shares during the period. Personal Capital Advisors Corp raised its position in Mastercard by 3.3% during the second quarter. Personal Capital Advisors Corp now owns 270,438 shares of the credit services provider’s stock worth $32,845,000 after acquiring an additional 8,670 shares during the period. Finally, IBM Retirement Fund raised its position in Mastercard by 68.8% during the second quarter. IBM Retirement Fund now owns 23,051 shares of the credit services provider’s stock worth $3,128,000 after acquiring an additional 9,397 shares during the period. Hedge funds and other institutional investors own 76.21% of the company’s stock.
Mastercard Incorporated (MA) opened at $149.95 on Wednesday. Mastercard Incorporated has a 1 year low of $99.51 and a 1 year high of $152.00. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.66 and a quick ratio of 1.66. The company has a market cap of $158,471.11, a PE ratio of 34.73, a price-to-earnings-growth ratio of 1.99 and a beta of 1.21.
Mastercard (NYSE:MA) last issued its quarterly earnings results on Tuesday, October 31st. The credit services provider reported $1.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.23 by $0.11. The business 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 quarterly revenue was up 18.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.08 earnings per share. equities research analysts forecast that Mastercard Incorporated will post 4.54 EPS for the current fiscal year.
The firm also recently declared 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. The ex-dividend date was Thursday, October 5th. This represents a $0.88 annualized dividend and a dividend yield of 0.59%. Mastercard’s dividend payout ratio is presently 20.47%.
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A number of equities analysts have weighed in on the stock. Guggenheim upgraded shares of Mastercard from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $135.00 to $153.00 in a research report on Monday, September 11th. BidaskClub cut shares of Mastercard from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Mizuho restated a “hold” rating and set a $140.00 price objective on shares of Mastercard in a research report on Thursday, October 12th. BMO Capital Markets upped their price objective on shares of Mastercard from $126.00 to $137.00 and gave the stock an “outperform” rating in a research report on Friday, July 28th. Finally, Barclays PLC upped their price objective on shares of Mastercard from $142.00 to $148.00 and gave the stock an “overweight” rating in a research report on Friday, September 8th. One research 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. Mastercard has a consensus rating of “Buy” and a consensus target price of $157.68.
In other news, insider Craig Vosburg sold 14,200 shares of the 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 owns 40,646 shares of the company’s stock, valued at $5,766,041.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael Fraccaro sold 5,800 shares of the stock in a transaction dated Thursday, October 12th. The stock was 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 25,000 shares of company stock worth $3,582,984 in the last three months. Corporate insiders own 0.30% of the company’s stock.
Mastercard Company Profile
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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