Livingston Group Asset Management CO operating as Southport Capital Management acquired a new position in shares of MasterCard Inc. (NYSE:MA) during the second quarter, Holdings Channel reports. The institutional investor acquired 1,761 shares of the company’s stock, valued at approximately $155,000.
Several other large investors have also modified their holdings of the stock. First Manhattan Co. boosted its position in MasterCard by 2.8% in the first quarter. First Manhattan Co. now owns 4,573 shares of the company’s stock worth $432,000 after buying an additional 123 shares during the period. Raub Brock Capital Management LP boosted its position in MasterCard by 2.6% in the first quarter. Raub Brock Capital Management LP now owns 143,534 shares of the company’s stock worth $13,564,000 after buying an additional 3,679 shares during the period. Glenmede Trust Co. NA boosted its position in MasterCard by 17.3% in the first quarter. Glenmede Trust Co. NA now owns 327,291 shares of the company’s stock worth $30,927,000 after buying an additional 48,304 shares during the period. Inspirion Wealth Advisors LLC boosted its position in MasterCard by 3.4% in the first quarter. Inspirion Wealth Advisors LLC now owns 6,100 shares of the company’s stock worth $576,000 after buying an additional 200 shares during the period. Finally, Investment Centers of America Inc. boosted its position in MasterCard by 31.5% in the first quarter. Investment Centers of America Inc. now owns 3,775 shares of the company’s stock worth $356,000 after buying an additional 904 shares during the period. 75.12% of the stock is owned by hedge funds and other institutional investors.
MasterCard Inc. (NYSE:MA) traded up 0.11% during midday trading on Monday, reaching $101.88. 3,696,666 shares of the company were exchanged. MasterCard Inc. has a 52 week low of $78.52 and a 52 week high of $102.38. The company has a market capitalization of $111.84 billion, a PE ratio of 29.89 and a beta of 1.18. The firm has a 50-day moving average price of $98.60 and a 200-day moving average price of $95.52.
MasterCard (NYSE:MA) last issued its earnings results on Thursday, July 28th. The company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.06. MasterCard had a net margin of 37.39% and a return on equity of 66.32%. The company had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.59 billion. During the same period in the previous year, the firm earned $0.85 earnings per share. MasterCard’s quarterly revenue was up 12.7% compared to the same quarter last year. Equities research analysts anticipate that MasterCard Inc. will post $3.63 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 9th. Shareholders of record on Monday, October 10th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis 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%.
A number of research firms recently weighed in on MA. BMO Capital Markets restated a “buy” rating on shares of MasterCard in a research note on Monday, July 11th. Barclays PLC lifted their target price on shares of MasterCard from $103.00 to $107.00 and gave the company an “overweight” rating in a research note on Friday, July 29th. Vetr upgraded shares of MasterCard from a “sell” rating to a “buy” rating and set a $94.47 target price on the stock in a research note on Monday, June 27th. Robert W. Baird restated a “buy” rating on shares of MasterCard in a research note on Wednesday, June 15th. Finally, Nomura lifted their target price on shares of MasterCard from $109.00 to $113.00 and gave the company a “buy” rating in a research note on Thursday, September 8th. Seven analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. MasterCard has an average rating of “Buy” and a consensus price target of $109.71.
In other MasterCard news, CFO Martina Hundmejean sold 94,345 shares of MasterCard stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $96.82, for a total transaction of $9,134,482.90. Following the completion of the sale, the chief financial officer now directly owns 214,968 shares in the company, valued at $20,813,201.76. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Foundation Mastercard sold 84,000 shares of MasterCard stock in a transaction dated Monday, July 18th. The shares were sold at an average price of $91.17, for a total transaction of $7,658,280.00. Following the sale, the insider now owns 115,148,971 shares of the company’s stock, valued at $10,498,131,686.07. The disclosure for this sale can be found here. Company insiders own 3.14% 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. 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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