One Capital Management LLC Buys 130 Shares of Mastercard Incorporated (MA)
One Capital Management LLC grew its stake in Mastercard Incorporated (NYSE:MA) by 5.2% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 2,652 shares of the credit services provider’s stock after buying an additional 130 shares during the quarter. One Capital Management LLC’s holdings in Mastercard were worth $322,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Glassman Wealth Services boosted its stake in shares of Mastercard by 0.3% in the 1st quarter. Glassman Wealth Services now owns 1,769 shares of the credit services provider’s stock valued at $199,000 after buying an additional 6 shares during the period. Norway Savings Bank boosted its stake in shares of Mastercard by 1.1% in the 2nd quarter. Norway Savings Bank now owns 960 shares of the credit services provider’s stock valued at $117,000 after buying an additional 10 shares during the period. Proficio Capital Partners LLC boosted its stake in shares of Mastercard by 1.3% in the 2nd quarter. Proficio Capital Partners LLC now owns 905 shares of the credit services provider’s stock valued at $118,000 after buying an additional 12 shares during the period. Concert Wealth Management Inc. boosted its stake in shares of Mastercard by 0.3% in the 1st quarter. Concert Wealth Management Inc. now owns 6,467 shares of the credit services provider’s stock valued at $664,000 after buying an additional 18 shares during the period. Finally, Berkshire Asset Management LLC PA boosted its stake in shares of Mastercard by 0.3% in the 2nd quarter. Berkshire Asset Management LLC PA now owns 6,448 shares of the credit services provider’s stock valued at $783,000 after buying an additional 18 shares during the period. Institutional investors and hedge funds own 76.01% of the company’s stock.
Several brokerages have recently issued reports on MA. Robert W. Baird lifted their price objective on Mastercard from $150.00 to $170.00 and gave the company an “outperform” rating in a research note on Monday. Piper Jaffray Companies reiterated a “buy” rating and issued a $161.00 price objective on shares of Mastercard in a research note on Friday, October 13th. Stephens assumed coverage on Mastercard in a research note on Friday, October 13th. They set an “overweight” rating and a $166.00 target price for the company. Mizuho restated a “hold” rating and set a $140.00 target price on shares of Mastercard in a research note on Thursday, October 12th. Finally, Cowen and Company restated a “buy” rating and set a $137.00 target price on shares of Mastercard in a research note on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $146.81.
Mastercard Incorporated (NYSE MA) opened at 145.93 on Wednesday. The company’s 50-day moving average price is $140.23 and its 200-day moving average price is $126.67. The firm has a market cap of $155.40 billion, a price-to-earnings ratio of 36.21 and a beta of 1.18. Mastercard Incorporated has a one year low of $99.51 and a one year high of $148.45.
Mastercard (NYSE:MA) last announced its earnings results on Thursday, July 27th. The credit services provider reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.06. The firm had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $2.98 billion. Mastercard had a return on equity of 74.92% and a net margin of 38.30%. The firm’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.96 EPS. On average, analysts anticipate that Mastercard Incorporated will post $4.44 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 9th. Shareholders of record on Friday, October 6th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.60%. The ex-dividend date of this dividend is Thursday, October 5th. Mastercard’s payout ratio is currently 21.78%.
In other Mastercard news, CFO Martina Hundmejean sold 91,107 shares of Mastercard stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $129.79, for a total transaction of $11,824,777.53. Following the sale, the chief financial officer now owns 170,570 shares of the company’s stock, valued at approximately $22,138,280.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Foundation Mastercard sold 87,618 shares of Mastercard stock in a transaction on Thursday, July 20th. The shares were sold at an average price of $127.98, for a total value of $11,213,351.64. Following the sale, the insider now directly owns 112,649,063 shares in the company, valued at approximately $14,416,827,082.74. The disclosure for this sale can be found here. Insiders have sold a total of 729,438 shares of company stock worth $94,599,309 in the last ninety days. 0.30% of the stock is owned by company insiders.
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.
Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Incorporated (NYSE:MA).
Receive News & Ratings for Mastercard Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard Incorporated and related companies with Analyst Ratings Network's FREE daily email newsletter.