Signature Estate & Investment Advisors LLC lowered its holdings in shares of Mastercard Inc (NYSE:MA) by 5.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,798 shares of the credit services provider’s stock after selling 5,462 shares during the period. Mastercard makes up 2.1% of Signature Estate & Investment Advisors LLC’s holdings, making the stock its 11th largest position. Signature Estate & Investment Advisors LLC’s holdings in Mastercard were worth $26,929,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the business. Joseph P. Lucia & Associates LLC bought a new stake in shares of Mastercard in the 2nd quarter worth $26,000. Valley National Advisers Inc. raised its stake in shares of Mastercard by 210.9% in the 4th quarter. Valley National Advisers Inc. now owns 143 shares of the credit services provider’s stock worth $27,000 after buying an additional 97 shares in the last quarter. Ellis Investment Partners LLC bought a new stake in shares of Mastercard in the 1st quarter worth $30,000. Evolution Wealth Advisors LLC bought a new stake in shares of Mastercard in the 2nd quarter worth $31,000. Finally, Delphi Private Advisors LLC bought a new stake in shares of Mastercard in the 2nd quarter worth $31,000. 74.25% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Vice Chairman Ann Cairns sold 51,850 shares of Mastercard stock in a transaction on Monday, June 17th. The stock was 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 in the company, valued at $34,844,376. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director David R. Carlucci sold 3,974 shares of Mastercard stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $262.51, for a total value of $1,043,214.74. Following the transaction, the director now owns 54,438 shares in the company, valued at approximately $14,290,519.38. The disclosure for this sale can be found here. Insiders have sold 201,511 shares of company stock worth $54,471,508 in the last quarter. 3.70% of the stock is currently owned by corporate insiders.
Shares of NYSE MA traded up $4.08 during mid-day trading on Thursday, reaching $271.23. The company had a trading volume of 210,539 shares, compared to its average volume of 3,683,371. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.49 and a current ratio of 1.49. The stock has a market capitalization of $273.92 billion, a PE ratio of 41.77, a PEG ratio of 2.14 and a beta of 1.08. The business has a 50-day moving average price of $273.39. Mastercard Inc has a 1-year low of $171.89 and a 1-year high of $283.33.
Mastercard (NYSE:MA) last issued its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.82 by $0.07. Mastercard had a return on equity of 135.02% and a net margin of 42.71%. The business had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter in the previous year, the company posted $1.66 earnings per share. Mastercard’s revenue for the quarter was up 12.2% compared to the same quarter last year. Sell-side analysts predict that Mastercard Inc will post 7.61 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Tuesday, July 9th were issued a dividend of $0.33 per share. The ex-dividend date of this dividend was Monday, July 8th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.49%. Mastercard’s dividend payout ratio is 20.34%.
A number of analysts have recently commented on MA shares. Wells Fargo & Co boosted their price objective on Mastercard from $285.00 to $305.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 10th. Nomura lifted their target price on Mastercard from $282.00 to $324.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Oppenheimer lifted their target price on Mastercard from $242.00 to $259.00 and gave the stock an “outperform” rating in a report on Wednesday, April 17th. BMO Capital Markets set a $328.00 target price on Mastercard and gave the stock a “buy” rating in a report on Wednesday, July 31st. Finally, Barclays lifted their target price on Mastercard from $310.00 to $319.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Two research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $291.80.
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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