TRUE Private Wealth Advisors bought a new position in Mastercard Inc (NYSE:MA) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 373 shares of the credit services provider’s stock, valued at approximately $98,000.
Other institutional investors also recently made changes to their positions in the company. Joseph P. Lucia & Associates LLC purchased a new position in Mastercard in the second quarter worth about $26,000. Ellis Investment Partners LLC bought a new stake in Mastercard in the first quarter worth about $30,000. Evolution Wealth Advisors LLC bought a new stake in Mastercard in the second quarter worth about $31,000. Delphi Private Advisors LLC bought a new stake in Mastercard in the second quarter worth about $31,000. Finally, Field & Main Bank bought a new stake in Mastercard in the first quarter worth about $38,000. 74.25% of the stock is currently owned by institutional investors.
MA has been the subject of several analyst reports. Zacks Investment Research raised shares of Mastercard from a “hold” rating to a “buy” rating and set a $275.00 price objective for the company in a research note on Wednesday, May 15th. UBS Group raised their price objective on shares of Mastercard from $300.00 to $312.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Deutsche Bank raised their price objective on shares of Mastercard from $267.00 to $330.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. Bank of America raised their price objective on shares of Mastercard from $255.00 to $267.00 and gave the stock a “neutral” rating in a research note on Monday, June 17th. Finally, Susquehanna Bancshares raised their price objective on shares of Mastercard from $293.00 to $320.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $291.80.
Mastercard (NYSE:MA) last issued its quarterly earnings data on Tuesday, July 30th. The credit services provider reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.82 by $0.07. The company had revenue of $4.11 billion during 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%. Mastercard’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.66 earnings per share. As a group, research analysts anticipate that Mastercard Inc will post 7.61 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Tuesday, July 9th were paid a $0.33 dividend. 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 (DPR) is 20.34%.
In other Mastercard news, insider Michael Miebach sold 2,233 shares of Mastercard stock in a transaction on Monday, July 29th. The shares were sold at an average price of $283.12, for a total value of $632,206.96. Following the transaction, the insider now directly owns 15,548 shares of the company’s stock, valued at $4,401,949.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David R. Carlucci sold 3,974 shares of Mastercard stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $262.51, for a total transaction of $1,043,214.74. Following the completion of the transaction, the director now directly owns 54,438 shares in the company, valued at $14,290,519.38. The disclosure for this sale can be found here. Insiders sold 201,511 shares of company stock valued at $54,471,508 in the last three months. 3.70% of the stock is currently owned by insiders.
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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