Washington Trust Bank maintained its position in shares of Mastercard Incorporated (NYSE:MA) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 10,326 shares of the credit services provider’s stock at the end of the second quarter. Washington Trust Bank’s holdings in Mastercard were worth $1,254,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Newman Dignan & Sheerar Inc. increased its position in shares of Mastercard by 14.7% in the first quarter. Newman Dignan & Sheerar Inc. now owns 2,339 shares of the credit services provider’s stock worth $263,000 after buying an additional 300 shares in the last quarter. Vontobel Asset Management Inc. increased its position in shares of Mastercard by 7.7% in the first quarter. Vontobel Asset Management Inc. now owns 5,258,921 shares of the credit services provider’s stock worth $606,105,000 after buying an additional 376,369 shares in the last quarter. Gulf International Bank UK Ltd increased its position in shares of Mastercard by 2.0% in the first quarter. Gulf International Bank UK Ltd now owns 299,972 shares of the credit services provider’s stock worth $33,737,000 after buying an additional 5,750 shares in the last quarter. Forte Capital LLC ADV increased its position in shares of Mastercard by 3.6% in the first quarter. Forte Capital LLC ADV now owns 55,150 shares of the credit services provider’s stock worth $6,203,000 after buying an additional 1,931 shares in the last quarter. Finally, Douglass Winthrop Advisors LLC increased its position in shares of Mastercard by 1.4% in the first quarter. Douglass Winthrop Advisors LLC now owns 476,584 shares of the credit services provider’s stock worth $53,601,000 after buying an additional 6,446 shares in the last quarter. 75.76% of the stock is currently owned by institutional investors and hedge funds.
Shares of Mastercard Incorporated (NYSE MA) traded down 1.33% on Thursday, reaching $127.99. 1,174,972 shares of the company’s stock traded hands. The company’s 50-day moving average is $126.31 and its 200-day moving average is $117.29. The firm has a market capitalization of $136.30 billion, a P/E ratio of 31.76 and a beta of 1.17. Mastercard Incorporated has a 52 week low of $94.41 and a 52 week high of $132.20.
Mastercard (NYSE:MA) last released its earnings results on Thursday, July 27th. The credit services provider reported $1.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.06. The firm had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $2.98 billion. Mastercard had a net margin of 38.30% and a return on equity of 74.92%. The business’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.96 EPS. Equities research analysts anticipate that Mastercard Incorporated will post $4.39 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, August 9th. Investors of record on Friday, July 7th were paid 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 was Wednesday, July 5th. Mastercard’s payout ratio is currently 21.78%.
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A number of equities analysts have recently commented on the stock. Loop Capital raised their target price on shares of Mastercard from $132.00 to $144.00 and gave the company a “positive” rating in a research note on Friday, July 28th. They noted that the move was a valuation call. BMO Capital Markets raised their target price on shares of Mastercard from $126.00 to $137.00 and gave the company an “outperform” rating in a research note on Friday, July 28th. Cowen and Company reissued an “outperform” rating and issued a $137.00 target price (up previously from $129.00) on shares of Mastercard in a research note on Sunday, July 30th. BidaskClub downgraded shares of Mastercard from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Finally, Oppenheimer Holdings, Inc. raised their target price on shares of Mastercard and gave the company an “outperform” rating in a research note on Tuesday, July 18th. One analyst has rated the stock with a sell rating, five have issued a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $128.20.
In related news, CFO Martina Hundmejean sold 91,107 shares of the company’s stock in a transaction on 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 transaction, the chief financial officer now directly owns 170,570 shares in the company, valued at approximately $22,138,280.30. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Foundation Mastercard sold 29,206 shares of the company’s stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $130.33, for a total transaction of $3,806,417.98. Following the transaction, the insider now owns 112,473,827 shares of the company’s stock, valued at $14,658,713,872.91. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 762,845 shares of company stock valued at $98,241,535. Corporate insiders own 0.30% of the company’s stock.
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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