First Citizens Bank & Trust Co. cut its position in shares of MasterCard Inc. (NYSE:MA) by 12.1% during the second quarter, Holdings Channel reports. The institutional investor owned 10,732 shares of the company’s stock after selling 1,479 shares during the period. First Citizens Bank & Trust Co.’s holdings in MasterCard were worth $945,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in MA. RPg Family Wealth Advisory LLC purchased a new stake in MasterCard during the first quarter valued at $106,000. Seven Bridges Advisors LLC purchased a new stake in MasterCard during the second quarter valued at $109,000. First New York Securities LLC NY raised its stake in MasterCard by 2,450.0% in the second quarter. First New York Securities LLC NY now owns 1,530 shares of the company’s stock valued at $135,000 after buying an additional 1,470 shares during the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new stake in MasterCard during the second quarter valued at $155,000. Finally, Hartford Financial Management Inc. raised its stake in MasterCard by 76.0% in the second quarter. Hartford Financial Management Inc. now owns 2,200 shares of the company’s stock valued at $193,000 after buying an additional 950 shares during the last quarter. Institutional investors own 75.13% of the company’s stock.
MasterCard Inc. (NYSE:MA) traded up 0.33% during trading on Wednesday, reaching $101.68. 1,333,906 shares of the company’s stock were exchanged. The firm’s 50-day moving average price is $99.71 and its 200-day moving average price is $95.93. The firm has a market cap of $111.62 billion, a price-to-earnings ratio of 29.83 and a beta of 1.19. MasterCard Inc. has a 12 month low of $78.52 and a 12 month high of $103.49.
MasterCard (NYSE:MA) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.96 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.06. MasterCard had a return on equity of 66.32% and a net margin of 37.39%. The firm had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.59 billion. During the same period in the previous year, the firm earned $0.85 earnings per share. The company’s revenue was up 12.7% compared to the same quarter last year. On average, equities research analysts anticipate that MasterCard Inc. will post $3.63 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 9th. Shareholders of record on Monday, October 10th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend is Wednesday, October 5th. MasterCard’s dividend payout ratio (DPR) is presently 22.35%.
MA has been the topic of a number of research analyst reports. Wells Fargo & Co. reissued a “market perform” rating and set a $105.00 price objective on shares of MasterCard in a report on Wednesday, June 15th. Robert W. Baird reissued a “buy” rating on shares of MasterCard in a report on Wednesday, June 15th. Vetr raised shares of MasterCard from a “sell” rating to a “buy” rating and set a $94.47 price objective on the stock in a report on Monday, June 27th. Sanford C. Bernstein reissued an “outperform” rating and set a $110.00 price objective on shares of MasterCard in a report on Saturday, July 2nd. Finally, Jefferies Group reissued a “buy” rating on shares of MasterCard in a report on Tuesday, July 5th. Six analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. MasterCard has a consensus rating of “Buy” and an average price target of $109.90.
In related news, major shareholder Foundation Mastercard sold 84,000 shares of the stock in a transaction on Monday, July 18th. The stock was sold at an average price of $91.17, for a total value of $7,658,280.00. Following the completion of the sale, the insider now directly owns 115,148,971 shares of the company’s stock, valued at approximately $10,498,131,686.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Robert Reeg sold 6,000 shares of the stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $94.79, for a total value of $568,740.00. Following the completion of the sale, the insider now directly owns 53,501 shares of the company’s stock, valued at $5,071,359.79. The disclosure for this sale can be found here. 3.14% of the stock is owned by company insiders.
MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world. The Company operates through payment solutions segment. The Company allows user to make payments by a range of payment solutions and services using various brands, which include MasterCard, Maestro and Cirrus.
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