Obermeyer Wood Investment Counsel Lllp Lowers Stake in Mastercard Incorporated (NYSE:MA)
Obermeyer Wood Investment Counsel Lllp cut its position in Mastercard Incorporated (NYSE:MA) by 3.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 466,758 shares of the credit services provider’s stock after selling 15,788 shares during the period. Mastercard makes up 4.8% of Obermeyer Wood Investment Counsel Lllp’s holdings, making the stock its 3rd largest position. Obermeyer Wood Investment Counsel Lllp’s holdings in Mastercard were worth $52,496,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Beacon Trust Co. increased its position in shares of Mastercard by 1.4% in the first quarter. Beacon Trust Co. now owns 61,313 shares of the credit services provider’s stock valued at $6,773,000 after buying an additional 876 shares during the last quarter. Independent Advisor Alliance increased its position in shares of Mastercard by 3.6% in the first quarter. Independent Advisor Alliance now owns 3,771 shares of the credit services provider’s stock valued at $423,000 after buying an additional 131 shares during the last quarter. Founders Capital Management bought a new position in shares of Mastercard during the first quarter valued at $239,000. Marcus Capital LLC increased its position in shares of Mastercard by 0.5% in the first quarter. Marcus Capital LLC now owns 20,725 shares of the credit services provider’s stock valued at $2,331,000 after buying an additional 100 shares during the last quarter. Finally, Abbrea Capital LLC increased its position in shares of Mastercard by 5.2% in the first quarter. Abbrea Capital LLC now owns 2,038 shares of the credit services provider’s stock valued at $229,000 after buying an additional 100 shares during the last quarter. Institutional investors and hedge funds own 75.99% of the company’s stock.
Mastercard Incorporated (NYSE:MA) traded up 0.20% during trading on Friday, hitting $131.14. The stock had a trading volume of 3,167,271 shares. Mastercard Incorporated has a 12 month low of $94.95 and a 12 month high of $132.63. The company has a market cap of $139.65 billion, a PE ratio of 32.54 and a beta of 1.17. The company’s 50 day moving average is $127.74 and its 200-day moving average is $118.27.
Mastercard (NYSE:MA) last posted its earnings results on Thursday, July 27th. The credit services provider reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.06. The company had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $2.98 billion. Mastercard had a return on equity of 74.92% and a net margin of 38.30%. The firm’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.96 earnings per share. On average, equities research analysts predict that Mastercard Incorporated will post $4.40 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 9th. Shareholders of record on Friday, July 7th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Wednesday, July 5th. This represents a $0.88 annualized dividend and a yield of 0.67%. Mastercard’s dividend payout ratio (DPR) is 21.78%.
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Several brokerages have recently weighed in on MA. Cowen and Company restated an “outperform” rating and set a $137.00 price target (up from $129.00) on shares of Mastercard in a report on Sunday, July 30th. BidaskClub downgraded Mastercard from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. Loop Capital lifted their price objective on Mastercard from $132.00 to $144.00 and gave the stock a “positive” rating in a report on Friday, July 28th. They noted that the move was a valuation call. Royal Bank Of Canada reiterated a “top pick” rating and issued a $130.00 price objective on shares of Mastercard in a report on Friday, June 16th. Finally, Mizuho began coverage on Mastercard in a report on Tuesday, June 27th. They issued a “neutral” rating and a $125.00 price objective for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $128.20.
In other news, major shareholder Foundation Mastercard sold 29,206 shares of Mastercard stock in a transaction on Tuesday, July 18th. The stock was sold at an average price of $127.63, for a total value of $3,727,561.78. Following the completion of the sale, the insider now directly owns 112,649,063 shares of the company’s stock, valued at $14,377,399,910.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Martina Hundmejean sold 91,107 shares of Mastercard stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $129.79, for a total value of $11,824,777.53. Following the completion of the sale, 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. Insiders sold 850,468 shares of company stock valued at $109,574,694 over the last ninety days. 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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