United Services Automobile Association lowered its stake in Mastercard Incorporated (NYSE:MA) by 5.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 535,802 shares of the credit services provider’s stock after selling 31,873 shares during the period. United Services Automobile Association’s holdings in Mastercard were worth $60,262,000 as of its most recent filing with the SEC.
Several other institutional investors also recently bought and sold shares of MA. Lipe & Dalton acquired a new position in shares of Mastercard during the first quarter valued at about $101,000. Kistler Tiffany Companies LLC boosted its stake in Mastercard by 10.9% in the first quarter. Kistler Tiffany Companies LLC now owns 1,019 shares of the credit services provider’s stock valued at $115,000 after buying an additional 100 shares during the last quarter. First Bank & Trust boosted its stake in Mastercard by 14.5% in the first quarter. First Bank & Trust now owns 1,300 shares of the credit services provider’s stock valued at $146,000 after buying an additional 165 shares during the last quarter. Tarbox Group Inc. boosted its stake in Mastercard by 323.8% in the first quarter. Tarbox Group Inc. now owns 1,352 shares of the credit services provider’s stock valued at $152,000 after buying an additional 1,033 shares during the last quarter. Finally, Welch Group LLC boosted its stake in Mastercard by 1.2% in the first quarter. Welch Group LLC now owns 1,625 shares of the credit services provider’s stock valued at $183,000 after buying an additional 20 shares during the last quarter. Institutional investors own 76.10% of the company’s stock.
Shares of Mastercard Incorporated (MA) traded down 0.05% during trading on Friday, hitting $133.24. The stock had a trading volume of 2,447,352 shares. Mastercard Incorporated has a 52 week low of $97.49 and a 52 week high of $134.50. The company has a market capitalization of $141.89 billion, a PE ratio of 33.06 and a beta of 1.18. The firm has a 50-day moving average price of $130.52 and a 200 day moving average price of $120.18.
Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, July 27th. The credit services provider reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.06. The company had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $2.98 billion. Mastercard had a net margin of 38.30% and a return on equity of 74.92%. Mastercard’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.96 earnings per share. Equities analysts anticipate that Mastercard Incorporated will post $4.40 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, August 9th. Shareholders of record on Friday, July 7th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.66%. The ex-dividend date was Wednesday, July 5th. Mastercard’s dividend payout ratio is currently 21.78%.
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Several equities research analysts have commented on MA shares. Deutsche Bank AG restated a “buy” rating and issued a $124.00 target price on shares of Mastercard in a research note on Thursday, May 25th. BidaskClub cut Mastercard from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 10th. Citigroup Inc. upped their price objective on Mastercard from $123.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, June 19th. Zacks Investment Research upgraded Mastercard from a “hold” rating to a “buy” rating and set a $136.00 price objective on the stock in a research note on Wednesday, July 5th. Finally, Credit Suisse Group reiterated a “buy” rating and set a $125.00 price objective on shares of Mastercard in a research note on Friday, July 7th. One research analyst has rated the stock with a sell rating, five have given a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. Mastercard presently has an average rating of “Buy” and a consensus target price of $128.20.
In other news, CFO Martina Hundmejean sold 91,107 shares of the business’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 sale, the chief financial officer now directly owns 170,570 shares of the company’s stock, valued at $22,138,280.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Foundation Mastercard sold 87,623 shares of the company’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $129.34, for a total transaction of $11,333,158.82. Following the completion of the sale, the insider now directly owns 112,240,179 shares in the company, valued at $14,517,144,751.86. The disclosure for this sale can be found here. Insiders sold 850,468 shares of company stock worth $109,574,694 over the last ninety days. 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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