Mastercard Incorporated (MA) Shares Sold by TCI Wealth Advisors Inc.
TCI Wealth Advisors Inc. lowered its holdings in Mastercard Incorporated (NYSE:MA) by 0.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,633 shares of the credit services provider’s stock after selling 6 shares during the quarter. TCI Wealth Advisors Inc.’s holdings in Mastercard were worth $198,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Boys Arnold & Co. Inc. raised its holdings in shares of Mastercard by 7.8% in the 2nd quarter. Boys Arnold & Co. Inc. now owns 5,006 shares of the credit services provider’s stock valued at $608,000 after buying an additional 363 shares during the period. OMERS ADMINISTRATION Corp purchased a new stake in shares of Mastercard in the 2nd quarter valued at $2,351,000. Baldwin Investment Management LLC raised its holdings in shares of Mastercard by 5.9% in the 2nd quarter. Baldwin Investment Management LLC now owns 3,600 shares of the credit services provider’s stock valued at $437,000 after buying an additional 200 shares during the period. Personal Capital Advisors Corp raised its holdings in shares of Mastercard by 3.3% in the 2nd quarter. Personal Capital Advisors Corp now owns 270,438 shares of the credit services provider’s stock valued at $32,845,000 after buying an additional 8,670 shares during the period. Finally, IBM Retirement Fund raised its holdings in shares of Mastercard by 68.8% in the 2nd quarter. IBM Retirement Fund now owns 23,051 shares of the credit services provider’s stock valued at $3,128,000 after buying an additional 9,397 shares during the period. Institutional investors own 76.21% of the company’s stock.
Shares of Mastercard Incorporated (NYSE:MA) opened at $149.54 on Monday. The stock has a market capitalization of $158,312.31, a PE ratio of 34.70, a P/E/G ratio of 1.99 and a beta of 1.21. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.66 and a quick ratio of 1.66. Mastercard Incorporated has a 1 year low of $99.51 and a 1 year high of $152.00.
Mastercard (NYSE:MA) last announced its earnings results on Tuesday, October 31st. The credit services provider reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.11. The firm had revenue of $3.40 billion during the quarter, compared to analysts’ expectations of $3.28 billion. Mastercard had a return on equity of 78.38% and a net margin of 38.70%. The business’s revenue was up 18.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.08 EPS. research analysts anticipate that Mastercard Incorporated will post 4.54 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, November 9th. Investors of record on Friday, October 6th were given a $0.22 dividend. The ex-dividend date was Thursday, October 5th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.59%. Mastercard’s dividend payout ratio (DPR) is presently 20.47%.
In other Mastercard news, Director Richard Haythornthwaite sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $142.51, for a total transaction of $712,550.00. Following the completion of the sale, the director now directly owns 45,278 shares of the company’s stock, valued at approximately $6,452,567.78. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Craig Vosburg sold 14,200 shares of the company’s stock in a transaction that occurred on 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 directly 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 three months, insiders sold 25,000 shares of company stock valued at $3,582,984. Insiders own 0.30% of the company’s stock.
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MA has been the topic of several research analyst reports. Wedbush reiterated a “buy” rating and issued a $140.00 price objective (up previously from $129.00) on shares of Mastercard in a report on Wednesday, September 6th. Susquehanna Bancshares Inc reiterated a “positive” rating and issued a $158.00 price objective (up previously from $149.00) on shares of Mastercard in a report on Friday, September 8th. Barclays PLC boosted their price objective on Mastercard from $142.00 to $148.00 and gave the company an “overweight” rating in a report on Friday, September 8th. Citigroup Inc. boosted their price objective on Mastercard from $157.00 to $167.00 and gave the company a “buy” rating in a report on Wednesday, October 18th. Finally, Instinet reiterated a “buy” rating and issued a $163.00 price objective (up previously from $153.00) on shares of Mastercard in a report on Saturday, September 9th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $157.68.
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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