Arbor Wealth Management LLC boosted its stake in MasterCard Inc. (NYSE:MA) by 0.3% during the second quarter, Holdings Channel reports. The institutional investor owned 2,878 shares of the company’s stock after buying an additional 8 shares during the period. Arbor Wealth Management LLC’s holdings in MasterCard were worth $273,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the company. RPg Family Wealth Advisory LLC bought a new stake in shares of MasterCard during the first quarter worth $106,000. Seven Bridges Advisors LLC bought a new stake in shares of MasterCard during the second quarter worth $109,000. Feltz Wealth PLAN Inc. bought a new stake in shares of MasterCard during the second quarter worth $121,000. Thompson Siegel & Walmsley LLC bought a new stake in shares of MasterCard during the second quarter worth $125,000. Finally, First New York Securities LLC NY increased its stake in shares of 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 worth $135,000 after buying an additional 1,470 shares during the period. 75.12% of the stock is owned by institutional investors and hedge funds.
Shares of MasterCard Inc. (NYSE:MA) opened at 101.16 on Tuesday. The stock has a 50 day moving average of $97.89 and a 200-day moving average of $95.09. The firm has a market capitalization of $111.05 billion, a P/E ratio of 29.67 and a beta of 1.15. MasterCard Inc. has a 12-month low of $78.52 and a 12-month high of $102.23.
MasterCard (NYSE:MA) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.06. The business earned $2.70 billion during the quarter, compared to analyst estimates of $2.59 billion. MasterCard had a return on equity of 66.32% and a net margin of 37.39%. MasterCard’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.85 EPS. On average, equities research analysts predict that MasterCard Inc. will post $3.63 EPS for the current fiscal year.
MA has been the subject of a number of recent research reports. Bank of America Corp. set a $103.00 price objective on shares of MasterCard and gave the company a “hold” rating in a research note on Thursday, September 8th. Pacific Crest set a $110.00 price objective on shares of MasterCard and gave the company a “buy” rating in a research note on Wednesday, September 14th. Argus restated a “hold” rating on shares of MasterCard in a research note on Thursday, September 8th. Vetr cut shares of MasterCard from a “buy” rating to a “hold” rating and set a $105.86 price objective for the company. in a research note on Thursday, September 22nd. Finally, JPMorgan Chase & Co. restated an “overweight” rating and issued a $108.00 price objective on shares of MasterCard in a research note on Monday, June 6th. Eight equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $109.55.
In other news, CFO Martina Hundmejean sold 94,345 shares of the firm’s stock in a transaction on Monday, August 8th. The stock was 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 of the company’s stock, valued at approximately $20,813,201.76. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Silvio Barzi sold 9,600 shares of the firm’s stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $96.47, for a total value of $926,112.00. Following the sale, the director now directly owns 16,391 shares of the company’s stock, valued at $1,581,239.77. The disclosure for this sale can be found here. 3.14% of the stock is owned by corporate insiders.
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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