World Asset Management Inc reduced its position in shares of Mastercard Incorporated (NYSE:MA) by 4.0% in the second quarter, HoldingsChannel reports. The institutional investor owned 18,471 shares of the credit services provider’s stock after selling 777 shares during the quarter. Mastercard makes up approximately 0.6% of World Asset Management Inc’s holdings, making the stock its 28th biggest holding. World Asset Management Inc’s holdings in Mastercard were worth $6,744,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the stock. Morgan Stanley raised its holdings in Mastercard by 8.2% during the 1st quarter. Morgan Stanley now owns 18,519,943 shares of the credit services provider’s stock valued at $6,594,026,000 after buying an additional 1,401,668 shares during the last quarter. Geode Capital Management LLC raised its holdings in Mastercard by 1.6% in the 1st quarter. Geode Capital Management LLC now owns 13,976,354 shares of the credit services provider’s stock worth $4,962,775,000 after purchasing an additional 216,976 shares in the last quarter. Capital International Investors raised its holdings in Mastercard by 22.6% in the 1st quarter. Capital International Investors now owns 12,027,838 shares of the credit services provider’s stock worth $4,282,516,000 after purchasing an additional 2,218,827 shares in the last quarter. Janus Henderson Group PLC raised its holdings in Mastercard by 7.1% in the 1st quarter. Janus Henderson Group PLC now owns 12,010,838 shares of the credit services provider’s stock worth $4,276,688,000 after purchasing an additional 794,240 shares in the last quarter. Finally, Nuveen Asset Management LLC raised its holdings in Mastercard by 19.2% in the 1st quarter. Nuveen Asset Management LLC now owns 6,877,284 shares of the credit services provider’s stock worth $2,448,657,000 after purchasing an additional 1,109,951 shares in the last quarter. Institutional investors own 73.97% of the company’s stock.
In related news, Vice Chairman Ann Cairns sold 3,200 shares of Mastercard stock in a transaction dated Monday, June 28th. The stock was sold at an average price of $380.15, for a total value of $1,216,480.00. Following the completion of the sale, the insider now directly owns 114,646 shares in the company, valued at $43,582,676.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Foundation Mastercard sold 78,985 shares of Mastercard stock in a transaction dated Monday, August 16th. The shares were sold at an average price of $358.90, for a total value of $28,347,716.50. The disclosure for this sale can be found here. Insiders have sold 876,377 shares of company stock valued at $330,177,910 over the last ninety days. 0.33% of the stock is owned by insiders.
Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, July 29th. The credit services provider reported $1.95 EPS for the quarter, topping the consensus estimate of $1.72 by $0.23. The company had revenue of $4.53 billion during the quarter, compared to analyst estimates of $4.35 billion. Mastercard had a net margin of 43.22% and a return on equity of 109.48%. Equities research analysts forecast that Mastercard Incorporated will post 8.11 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, August 9th. Shareholders of record on Friday, July 9th were paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend was Thursday, July 8th. Mastercard’s payout ratio is 27.37%.
MA has been the topic of a number of recent research reports. Compass Point upped their target price on shares of Mastercard from $430.00 to $450.00 and gave the stock a “buy” rating in a research report on Friday, July 30th. Barclays upped their target price on shares of Mastercard from $452.00 to $455.00 and gave the stock an “overweight” rating in a research report on Monday, August 2nd. Wells Fargo & Company upped their target price on shares of Mastercard from $430.00 to $440.00 and gave the stock an “overweight” rating in a research report on Friday, July 30th. Daiwa Capital Markets downgraded shares of Mastercard from an “outperform” rating to a “neutral” rating and set a $385.00 price objective on the stock. in a research report on Thursday, August 12th. Finally, Robert W. Baird reissued a “buy” rating and set a $482.00 price objective on shares of Mastercard in a research report on Sunday, August 1st. Two research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $418.48.
Mastercard, Inc operates as a technology company. The firm engages in the payments industry that connects consumers, financial institutions, merchants, governments and business. It offers payment solutions for the development and implementation of credit, debit, prepaid, commercial and payment programs.
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