Mastercard Incorporated (MA) Position Cut by Carnegie Capital Asset Management LLC
Carnegie Capital Asset Management LLC reduced its position in shares of Mastercard Incorporated (NYSE:MA) by 4.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 103,432 shares of the credit services provider’s stock after selling 5,162 shares during the period. Mastercard makes up about 1.6% of Carnegie Capital Asset Management LLC’s investment portfolio, making the stock its 5th largest position. Carnegie Capital Asset Management LLC’s holdings in Mastercard were worth $13,485,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in MA. Boys Arnold & Co. Inc. increased its stake in Mastercard by 7.8% in the 2nd quarter. Boys Arnold & Co. Inc. now owns 5,006 shares of the credit services provider’s stock worth $608,000 after purchasing an additional 363 shares in the last quarter. OMERS ADMINISTRATION Corp purchased a new position in Mastercard in the 2nd quarter worth about $2,351,000. Baldwin Investment Management LLC increased its stake in Mastercard by 5.9% in the 2nd quarter. Baldwin Investment Management LLC now owns 3,600 shares of the credit services provider’s stock worth $437,000 after purchasing an additional 200 shares in the last quarter. Personal Capital Advisors Corp increased its stake in Mastercard by 3.3% in the 2nd quarter. Personal Capital Advisors Corp now owns 270,438 shares of the credit services provider’s stock worth $32,845,000 after purchasing an additional 8,670 shares in the last quarter. Finally, IBM Retirement Fund increased its stake in Mastercard by 68.8% in the 2nd quarter. IBM Retirement Fund now owns 23,051 shares of the credit services provider’s stock worth $3,128,000 after purchasing an additional 9,397 shares in the last quarter. 75.71% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts recently weighed in on the company. Piper Jaffray Companies reissued an “overweight” rating and issued a $150.00 price target (up previously from $143.00) on shares of Mastercard in a research note on Friday, September 8th. Cowen Inc reissued an “outperform” rating and issued a $137.00 price target (up previously from $129.00) on shares of Mastercard in a research note on Sunday, July 30th. Bank of America Corporation lifted their price target on Mastercard from $165.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday, November 6th. Zacks Investment Research cut Mastercard from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. Finally, BidaskClub cut Mastercard from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-eight have issued a buy rating to the company. Mastercard currently has a consensus rating of “Buy” and a consensus target price of $157.68.
Shares of Mastercard Incorporated (MA) opened at $152.74 on Friday. Mastercard Incorporated has a 1 year low of $99.51 and a 1 year high of $153.00. The company has a market capitalization of $161,700.00, a PE ratio of 35.44, a price-to-earnings-growth ratio of 2.04 and a beta of 1.22. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.66 and a current ratio of 1.66.
Mastercard (NYSE:MA) last announced its quarterly earnings data on Tuesday, October 31st. The credit services provider reported $1.34 EPS for the quarter, topping the Zacks’ consensus estimate of $1.23 by $0.11. The firm had revenue of $3.40 billion during the quarter, compared to analyst estimates of $3.28 billion. Mastercard had a return on equity of 78.38% and a net margin of 38.70%. The business’s quarterly revenue was up 18.1% compared to the same quarter last year. During the same period last year, the company posted $1.08 EPS. equities analysts predict that Mastercard Incorporated will post 4.54 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, November 9th. Stockholders of record on Friday, October 6th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, October 5th. This represents a $0.88 annualized dividend and a dividend yield of 0.58%. Mastercard’s dividend payout ratio is 20.51%.
In other news, insider Michael Fraccaro sold 5,800 shares of Mastercard stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $147.59, for a total transaction of $856,022.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Craig Vosburg sold 14,200 shares of Mastercard stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $141.86, for a total value of $2,014,412.00. Following the sale, the insider now owns 40,646 shares of the company’s stock, valued at $5,766,041.56. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,000 shares of company stock valued at $3,582,984. 0.30% of the stock is owned by corporate insiders.
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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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