Court Place Advisors LLC Has $258,000 Position in Mastercard Incorporated (MA)
Court Place Advisors LLC held its stake in Mastercard Incorporated (NYSE:MA) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,127 shares of the credit services provider’s stock at the end of the second quarter. Court Place Advisors LLC’s holdings in Mastercard were worth $258,000 at the end of the most recent quarter.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in Mastercard by 2.9% in the first quarter. Vanguard Group Inc. now owns 63,807,040 shares of the credit services provider’s stock valued at $7,176,378,000 after buying an additional 1,814,116 shares during the last quarter. State Street Corp raised its stake in Mastercard by 0.4% in the first quarter. State Street Corp now owns 37,454,824 shares of the credit services provider’s stock valued at $4,212,546,000 after buying an additional 140,515 shares during the last quarter. Ameriprise Financial Inc. raised its stake in Mastercard by 6.2% in the first quarter. Ameriprise Financial Inc. now owns 10,168,300 shares of the credit services provider’s stock valued at $1,143,636,000 after buying an additional 591,427 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in Mastercard by 1.4% in the first quarter. Canada Pension Plan Investment Board now owns 8,409,658 shares of the credit services provider’s stock valued at $945,834,000 after buying an additional 114,900 shares during the last quarter. Finally, Akre Capital Management LLC raised its stake in Mastercard by 13.4% in the first quarter. Akre Capital Management LLC now owns 5,329,183 shares of the credit services provider’s stock valued at $599,373,000 after buying an additional 627,792 shares during the last quarter. Institutional investors own 75.76% of the company’s stock.
Shares of Mastercard Incorporated (NYSE MA) traded up 1.14% during midday trading on Friday, reaching $129.13. The company had a trading volume of 1,297,079 shares. The company has a market capitalization of $137.51 billion, a P/E ratio of 32.04 and a beta of 1.17. Mastercard Incorporated has a 52 week low of $94.41 and a 52 week high of $132.20. The company’s 50 day moving average price is $126.44 and its 200-day moving average price is $117.36.
Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, July 27th. The credit services provider reported $1.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.06. Mastercard had a return on equity of 74.92% and a net margin of 38.30%. The company had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter in the prior year, the business earned $0.96 EPS. Mastercard’s revenue was up 13.3% on a year-over-year basis. On average, equities research analysts predict that Mastercard Incorporated will post $4.39 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 9th. Stockholders of record on Friday, July 7th were given a dividend of $0.22 per share. The ex-dividend date was Wednesday, July 5th. This represents a $0.88 annualized dividend and a dividend yield of 0.69%. Mastercard’s dividend payout ratio is currently 21.78%.
MA has been the topic of several recent research reports. Deutsche Bank AG restated a “buy” rating and set a $150.00 price target (up previously from $124.00) on shares of Mastercard in a report on Monday, July 10th. BMO Capital Markets increased their price target on Mastercard from $123.00 to $126.00 and gave the company an “outperform” rating in a report on Wednesday, May 3rd. Wedbush restated an “outperform” rating and set a $129.00 price target (up previously from $126.00) on shares of Mastercard in a report on Tuesday, June 6th. Cowen and Company increased their price target on Mastercard from $122.00 to $127.00 and gave the company an “outperform” rating in a report on Wednesday, May 3rd. Finally, Vetr lowered Mastercard from a “buy” rating to a “hold” rating and set a $116.99 price target on the stock. in a report on Monday, April 17th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $128.20.
In other news, major shareholder Foundation Mastercard sold 87,618 shares of the company’s stock in a transaction dated Thursday, July 20th. The stock was sold at an average price of $127.98, for a total transaction of $11,213,351.64. Following the completion of the transaction, the insider now directly owns 112,649,063 shares of the company’s stock, valued at approximately $14,416,827,082.74. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Martina Hundmejean sold 91,107 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $129.79, for a total value of $11,824,777.53. Following the transaction, the chief financial officer now directly owns 170,570 shares of the company’s stock, valued at $22,138,280.30. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 850,468 shares of company stock valued at $109,574,694. Insiders own 0.30% of the company’s stock.
MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.
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