Ferguson Wellman Capital Management Inc. reduced its position in shares of Mastercard Inc (NYSE:MA) by 2.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,386 shares of the credit services provider’s stock after selling 320 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in Mastercard were worth $4,070,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Horizon Investments LLC increased its holdings in Mastercard by 146.1% in the first quarter. Horizon Investments LLC now owns 3,957 shares of the credit services provider’s stock valued at $930,000 after purchasing an additional 2,349 shares during the period. YorkBridge Wealth Partners LLC increased its holdings in Mastercard by 1.0% in the fourth quarter. YorkBridge Wealth Partners LLC now owns 9,858 shares of the credit services provider’s stock valued at $1,860,000 after purchasing an additional 101 shares during the period. Fort L.P. increased its holdings in Mastercard by 73.5% in the fourth quarter. Fort L.P. now owns 8,274 shares of the credit services provider’s stock valued at $1,561,000 after purchasing an additional 3,506 shares during the period. Asset Dedication LLC increased its holdings in Mastercard by 23.1% in the first quarter. Asset Dedication LLC now owns 3,878 shares of the credit services provider’s stock valued at $916,000 after purchasing an additional 727 shares during the period. Finally, Epoch Investment Partners Inc. increased its holdings in Mastercard by 14.1% in the fourth quarter. Epoch Investment Partners Inc. now owns 42,036 shares of the credit services provider’s stock valued at $7,930,000 after purchasing an additional 5,194 shares during the period. Institutional investors and hedge funds own 74.33% of the company’s stock.
In other news, Vice Chairman Ann Cairns sold 51,850 shares of the stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $259.80, for a total transaction of $13,470,630.00. Following the transaction, the insider now owns 134,120 shares of the company’s stock, valued at approximately $34,844,376. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Foundation Mastercard sold 7,950 shares of the stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $279.16, for a total transaction of $2,219,322.00. Following the transaction, the insider now directly owns 112,173,812 shares in the company, valued at approximately $31,314,441,357.92. The disclosure for this sale can be found here. Insiders have sold a total of 340,588 shares of company stock worth $86,727,260 in the last three months. Insiders own 0.32% of the company’s stock.
A number of analysts recently weighed in on the company. BMO Capital Markets restated a “hold” rating and issued a $45.00 price objective on shares of SAP in a report on Wednesday, May 1st. Deutsche Bank set a $81.00 price objective on Franco Nevada and gave the company a “hold” rating in a report on Thursday, July 11th. Bank of America increased their price objective on Visa from $177.00 to $192.00 and gave the company a “buy” rating in a report on Monday, June 17th. Oppenheimer set a $119.00 price target on shares of American Express and gave the company a “buy” rating in a research report on Wednesday, April 17th. Finally, Barclays set a $89.00 price target on shares of Franco Nevada and gave the company a “hold” rating in a research report on Friday, July 19th. Two equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $264.52.
Shares of MA stock traded up $1.71 on Friday, reaching $281.06. 56,872 shares of the company were exchanged, compared to its average volume of 2,521,447. The stock has a market capitalization of $286.28 billion, a P/E ratio of 43.31, a price-to-earnings-growth ratio of 2.20 and a beta of 1.07. The firm has a 50-day simple moving average of $269.09. The company has a current ratio of 1.40, a quick ratio of 1.41 and a debt-to-equity ratio of 1.12. Mastercard Inc has a one year low of $171.89 and a one year high of $280.90.
Mastercard (NYSE:MA) last released its quarterly earnings data on Tuesday, April 30th. The credit services provider reported $1.78 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.66 by $0.12. The company had revenue of $3.89 billion for the quarter, compared to analysts’ expectations of $3.86 billion. Mastercard had a net margin of 40.82% and a return on equity of 129.95%. The business’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.50 EPS. Equities research analysts predict that Mastercard Inc will post 7.6 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Tuesday, July 9th will be given a dividend of $0.33 per share. The ex-dividend date is Monday, July 8th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.47%. Mastercard’s dividend payout ratio (DPR) is presently 20.34%.
Mastercard Company Profile
Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.
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