Wright Investors Service Inc. lowered its position in Mastercard Inc (NYSE:MA) by 11.3% during the second quarter, according to its most recent filing with the SEC. The firm owned 13,654 shares of the credit services provider’s stock after selling 1,747 shares during the period. Mastercard accounts for approximately 1.4% of Wright Investors Service Inc.’s portfolio, making the stock its 19th largest position. Wright Investors Service Inc.’s holdings in Mastercard were worth $3,612,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of MA. FMR LLC increased its stake in Mastercard by 1.8% during the 1st quarter. FMR LLC now owns 40,441,076 shares of the credit services provider’s stock valued at $9,521,850,000 after purchasing an additional 720,407 shares in the last quarter. Geode Capital Management LLC increased its stake in Mastercard by 3.5% during the 4th quarter. Geode Capital Management LLC now owns 12,431,997 shares of the credit services provider’s stock valued at $2,341,383,000 after purchasing an additional 416,095 shares in the last quarter. Norges Bank bought a new stake in Mastercard during the 4th quarter valued at $1,701,899,000. Parnassus Investments CA increased its stake in Mastercard by 1.6% during the 1st quarter. Parnassus Investments CA now owns 3,185,400 shares of the credit services provider’s stock valued at $750,002,000 after purchasing an additional 51,389 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Mastercard by 1.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,964,021 shares of the credit services provider’s stock valued at $559,150,000 after purchasing an additional 42,640 shares in the last quarter. Hedge funds and other institutional investors own 74.25% of the company’s stock.
MA traded up $5.11 during mid-day trading on Thursday, reaching $272.26. 159,089 shares of the stock were exchanged, compared to its average volume of 3,683,371. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.49 and a quick ratio of 1.49. The stock has a market capitalization of $273.92 billion, a PE ratio of 41.93, a PEG ratio of 2.14 and a beta of 1.08. The business has a 50 day moving average 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 posted its quarterly earnings data on Tuesday, July 30th. The credit services provider reported $1.89 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.82 by $0.07. The firm had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $4.08 billion. Mastercard had a net margin of 42.71% and a return on equity of 135.02%. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.66 EPS. On average, equities research analysts expect that Mastercard Inc will post 7.61 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th were issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date of this dividend was Monday, July 8th. Mastercard’s dividend payout ratio is 20.34%.
MA has been the subject of a number of recent research reports. Barclays boosted their price target on shares of Mastercard from $310.00 to $319.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. UBS Group boosted their price target on shares of Mastercard from $300.00 to $312.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Royal Bank of Canada set a $315.00 price target on shares of Mastercard and gave the company a “buy” rating in a research note on Wednesday, August 7th. Raymond James boosted their price target on shares of Mastercard from $300.00 to $308.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Finally, Wells Fargo & Co boosted their price target on shares of Mastercard from $285.00 to $305.00 and gave the company an “outperform” rating in a research note on Wednesday, July 10th. Two investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. Mastercard currently has a consensus rating of “Buy” and a consensus target price of $291.80.
In related news, Vice Chairman Ann Cairns sold 51,850 shares of the business’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $259.80, for a total value of $13,470,630.00. Following the transaction, the insider now directly owns 134,120 shares of the company’s stock, valued at approximately $34,844,376. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Foundation Mastercard sold 15,890 shares of the business’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $272.06, for a total transaction of $4,323,033.40. Following the completion of the transaction, the insider now directly owns 112,030,712 shares in the company, valued at $30,479,075,506.72. The disclosure for this sale can be found here. Insiders have sold a total of 201,511 shares of company stock worth $54,471,508 over the last ninety days. Insiders own 3.70% of the company’s stock.
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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