Buckingham Asset Management LLC cut its position in Mastercard Incorporated (NYSE:MA) by 1.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,444 shares of the credit services provider’s stock after selling 28 shares during the period. Buckingham Asset Management LLC’s holdings in Mastercard were worth $275,000 as of its most recent filing with the SEC.
Several other institutional investors have also made changes to their positions in MA. Integrated Investment Consultants LLC increased its position in Mastercard by 260.0% in the first quarter. Integrated Investment Consultants LLC now owns 900 shares of the credit services provider’s stock valued at $101,000 after buying an additional 650 shares during the last quarter. Lipe & Dalton purchased a new position in Mastercard during the first quarter valued at approximately $101,000. Israel Discount Bank of New York GFN purchased a new position in Mastercard during the fourth quarter valued at approximately $110,000. Kistler Tiffany Companies LLC increased its position in Mastercard by 10.9% in the first quarter. Kistler Tiffany Companies LLC now owns 1,019 shares of the credit services provider’s stock valued at $115,000 after buying an additional 100 shares during the last quarter. Finally, Archford Capital Strategies LLC increased its position in Mastercard by 767.6% in the fourth quarter. Archford Capital Strategies LLC now owns 1,258 shares of the credit services provider’s stock valued at $129,000 after buying an additional 1,113 shares during the last quarter. Hedge funds and other institutional investors own 75.76% of the company’s stock.
Shares of Mastercard Incorporated (NYSE:MA) traded down 0.41% on Tuesday, hitting $129.84. The stock had a trading volume of 2,057,592 shares. Mastercard Incorporated has a 12 month low of $94.41 and a 12 month high of $132.20. The company has a 50 day moving average price of $124.99 and a 200-day moving average price of $116.49. The stock has a market cap of $138.27 billion, a PE ratio of 32.22 and a beta of 1.17.
Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, July 27th. The credit services provider reported $1.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.06. The firm had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $2.98 billion. Mastercard had a net margin of 38.30% and a return on equity of 74.92%. The company’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same period last year, the firm posted $0.96 earnings per share. On average, equities research analysts anticipate that Mastercard Incorporated will post $4.39 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 9th. Investors of record on Friday, July 7th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend is Wednesday, July 5th. Mastercard’s payout ratio is currently 21.78%.
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Several equities research analysts have issued reports on MA shares. Piper Jaffray Companies restated a “buy” rating on shares of Mastercard in a research report on Friday, April 14th. Zacks Investment Research upgraded Mastercard from a “sell” rating to a “hold” rating in a research report on Wednesday, May 3rd. Royal Bank Of Canada restated a “top pick” rating and set a $130.00 target price on shares of Mastercard in a research report on Friday, June 16th. BMO Capital Markets increased their target price on Mastercard from $123.00 to $126.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 3rd. Finally, Morgan Stanley increased their target price on Mastercard from $124.00 to $131.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 30th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the stock. Mastercard presently has a consensus rating of “Buy” and an average target price of $128.20.
In related news, CFO Martina Hundmejean sold 91,107 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $129.79, for a total transaction of $11,824,777.53. Following the completion of the sale, the chief financial officer now directly owns 170,570 shares in the company, valued at $22,138,280.30. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Foundation Mastercard sold 87,618 shares of Mastercard stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $126.60, for a total transaction of $11,092,438.80. Following the sale, the insider now owns 112,736,681 shares of the company’s stock, valued at $14,272,463,814.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 762,845 shares of company stock valued at $98,241,535. 0.30% of the stock is owned by company insiders.
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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