Whittier Trust Co. maintained its position in MasterCard Inc. (NYSE:MA) during the second quarter, Holdings Channel reports. The fund owned 28,606 shares of the company’s stock at the end of the second quarter. Whittier Trust Co.’s holdings in MasterCard were worth $2,519,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. RPg Family Wealth Advisory LLC bought a new stake in shares of MasterCard during the first quarter valued at $106,000. Seven Bridges Advisors LLC bought a new stake in shares of MasterCard during the second quarter valued at $109,000. First New York Securities LLC NY boosted its stake in shares of MasterCard by 2,450.0% in the second quarter. First New York Securities LLC NY now owns 1,530 shares of the company’s stock valued at $135,000 after buying an additional 1,470 shares during the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management bought a new stake in shares of MasterCard during the second quarter valued at $155,000. Finally, Hartford Financial Management Inc. boosted its stake in shares of MasterCard by 76.0% in the second quarter. Hartford Financial Management Inc. now owns 2,200 shares of the company’s stock valued at $193,000 after buying an additional 950 shares during the last quarter. Hedge funds and other institutional investors own 75.12% of the company’s stock.
MasterCard Inc. (NYSE:MA) traded down 0.67% during trading on Friday, reaching $102.25. The company had a trading volume of 4,225,571 shares. The firm has a market capitalization of $112.24 billion, a P/E ratio of 29.99 and a beta of 1.19. MasterCard Inc. has a one year low of $78.52 and a one year high of $103.49. The firm’s 50-day moving average price is $99.34 and its 200 day moving average price is $95.75.
MasterCard (NYSE:MA) last announced its earnings results on Thursday, July 28th. The company reported $0.96 EPS for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.06. MasterCard had a return on equity of 66.32% and a net margin of 37.39%. The company had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $2.59 billion. During the same period last year, the firm earned $0.85 EPS. MasterCard’s revenue for the quarter was up 12.7% compared to the same quarter last year. Equities analysts forecast that MasterCard Inc. will post $3.63 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 9th. Investors of record on Monday, October 10th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $0.76 dividend on an annualized basis and a yield of 0.74%. MasterCard’s dividend payout ratio is currently 22.35%.
Several equities research analysts have recently weighed in on the company. William Blair reissued an “outperform” rating on shares of MasterCard in a research note on Tuesday, July 19th. BMO Capital Markets reaffirmed an “outperform” rating and set a $128.00 target price (up previously from $120.00) on shares of MasterCard in a research note on Friday, July 29th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $110.00 target price on shares of MasterCard in a research note on Saturday, July 2nd. Goldman Sachs Group Inc. reaffirmed a “buy” rating and set a $118.00 target price on shares of MasterCard in a research note on Monday, July 18th. Finally, Vetr raised MasterCard from a “hold” rating to a “buy” rating and set a $98.52 target price for the company in a research note on Monday, June 13th. Seven investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $109.71.
In related news, insider Ann Cairns sold 26,630 shares of the firm’s stock in a transaction on Tuesday, October 4th. The stock was sold at an average price of $101.79, for a total value of $2,710,667.70. Following the transaction, the insider now directly owns 58,721 shares of the company’s stock, valued at approximately $5,977,210.59. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Foundation Mastercard sold 84,000 shares of the firm’s stock in a transaction on Monday, July 18th. The stock was sold at an average price of $91.17, for a total value of $7,658,280.00. Following the completion of the transaction, the insider now directly owns 115,148,971 shares in the company, valued at $10,498,131,686.07. The disclosure for this sale can be found here. 3.14% of the stock is owned by corporate insiders.
MasterCard Company Profile
MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world. The Company operates through payment solutions segment. The Company allows user to make payments by a range of payment solutions and services using various brands, which include MasterCard, Maestro and Cirrus.
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