Boys Arnold & Co. Inc. grew its stake in shares of Mastercard Inc (NYSE:MA) by 50.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,726 shares of the credit services provider’s stock after acquiring an additional 2,600 shares during the quarter. Boys Arnold & Co. Inc.’s holdings in Mastercard were worth $2,079,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. DeDora Capital Inc. increased its stake in Mastercard by 4.4% in the 2nd quarter. DeDora Capital Inc. now owns 4,850 shares of the credit services provider’s stock worth $1,283,000 after acquiring an additional 203 shares during the last quarter. Smith Asset Management Group LP purchased a new stake in shares of Mastercard during the 2nd quarter worth $18,541,000. Dearborn Partners LLC lifted its stake in shares of Mastercard by 3.5% during the 2nd quarter. Dearborn Partners LLC now owns 140,223 shares of the credit services provider’s stock worth $37,093,000 after purchasing an additional 4,762 shares during the last quarter. World Asset Management Inc lifted its stake in shares of Mastercard by 1.2% during the 2nd quarter. World Asset Management Inc now owns 61,819 shares of the credit services provider’s stock worth $16,353,000 after purchasing an additional 755 shares during the last quarter. Finally, Brightworth lifted its stake in shares of Mastercard by 18.4% during the 2nd quarter. Brightworth now owns 3,852 shares of the credit services provider’s stock worth $1,019,000 after purchasing an additional 599 shares during the last quarter. Hedge funds and other institutional investors own 74.28% of the company’s stock.
A number of equities research analysts have commented on MA shares. William Blair reiterated an “outperform” rating on shares of Mastercard in a research note on Friday, September 13th. Tigress Financial reissued a “buy” rating on shares of Mastercard in a report on Thursday, August 22nd. Royal Bank of Canada set a $315.00 price objective on Mastercard and gave the company a “buy” rating in a report on Wednesday, August 7th. BMO Capital Markets set a $328.00 price objective on Mastercard and gave the company a “buy” rating in a report on Wednesday, July 31st. Finally, UBS Group increased their price objective on Mastercard from $300.00 to $312.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Three investment analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. Mastercard presently has an average rating of “Buy” and an average target price of $299.09.
Mastercard (NYSE:MA) last posted its earnings results on Tuesday, July 30th. The credit services provider reported $1.89 EPS for the quarter, topping the consensus estimate of $1.82 by $0.07. The firm had revenue of $4.11 billion for the quarter, compared to analyst estimates of $4.08 billion. Mastercard had a return on equity of 135.02% and a net margin of 42.71%. Mastercard’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period last year, the company earned $1.66 earnings per share. Equities analysts expect that Mastercard Inc will post 7.61 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend is Tuesday, October 8th. Mastercard’s dividend payout ratio (DPR) is 20.34%.
In related news, Director Richard K. Davis bought 1,735 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The shares were purchased at an average cost of $270.09 per share, with a total value of $468,606.15. Following the completion of the acquisition, the director now directly owns 6,031 shares in the company, valued at $1,628,912.79. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Foundation Mastercard sold 7,542 shares of the stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $271.96, for a total value of $2,051,122.32. Following the transaction, the insider now owns 111,992,604 shares in the company, valued at approximately $30,457,508,583.84. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 123,019 shares of company stock worth $33,728,660. 3.70% of the stock is owned by corporate 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.
Read More: What is a bull market?
Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Inc (NYSE:MA).
Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.