Utah Retirement Systems Increases Position in Mastercard Incorporated (MA)
Utah Retirement Systems boosted its position in shares of Mastercard Incorporated (NYSE:MA) by 0.1% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 176,680 shares of the credit services provider’s stock after buying an additional 100 shares during the period. Utah Retirement Systems’ holdings in Mastercard were worth $19,871,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of MA. Armstrong Henry H Associates Inc. boosted its stake in shares of Mastercard by 1.6% in the first quarter. Armstrong Henry H Associates Inc. now owns 25,174 shares of the credit services provider’s stock worth $2,831,000 after buying an additional 400 shares during the last quarter. Hartford Financial Management Inc. boosted its stake in shares of Mastercard by 79.4% in the first quarter. Hartford Financial Management Inc. now owns 2,870 shares of the credit services provider’s stock worth $322,000 after buying an additional 1,270 shares during the last quarter. Ledyard National Bank boosted its stake in shares of Mastercard by 0.6% in the first quarter. Ledyard National Bank now owns 6,310 shares of the credit services provider’s stock worth $710,000 after buying an additional 35 shares during the last quarter. Boys Arnold & Co. Inc. boosted its stake in shares of Mastercard by 8.3% in the first quarter. Boys Arnold & Co. Inc. now owns 4,643 shares of the credit services provider’s stock worth $522,000 after buying an additional 354 shares during the last quarter. Finally, Johanson Financial Advisors Inc. purchased a new stake in shares of Mastercard during the first quarter worth $2,232,000. 76.10% of the stock is owned by institutional investors and hedge funds.
Mastercard Incorporated (MA) traded down 0.16% during mid-day trading on Thursday, reaching $133.58. The company’s stock had a trading volume of 1,048,142 shares. Mastercard Incorporated has a 12 month low of $95.77 and a 12 month high of $134.50. The firm has a market capitalization of $142.25 billion, a PE ratio of 33.15 and a beta of 1.17. The stock’s 50-day moving average is $129.18 and its 200-day moving average is $119.24.
Mastercard (NYSE:MA) last issued its quarterly earnings data 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. The firm had revenue of $3.05 billion for the quarter, compared to analysts’ expectations of $2.98 billion. Mastercard had a net margin of 38.30% and a return on equity of 74.92%. The company’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.96 earnings per share. On average, equities analysts anticipate that Mastercard Incorporated will post $4.40 EPS for the current year.
The company also recently disclosed 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 was Wednesday, July 5th. This represents a $0.88 annualized dividend and a yield of 0.66%. Mastercard’s dividend payout ratio is 21.78%.
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MA has been the subject of a number of research reports. Zacks Investment Research raised Mastercard from a “sell” rating to a “hold” rating in a research note on Wednesday, May 3rd. Cowen and Company lifted their price objective on Mastercard from $122.00 to $127.00 and gave the company an “outperform” rating in a research note on Wednesday, May 3rd. BMO Capital Markets lifted their price objective on Mastercard from $123.00 to $126.00 and gave the company an “outperform” rating in a research note on Wednesday, May 3rd. Instinet lifted their price objective on Mastercard from $133.00 to $134.00 and gave the company a “buy” rating in a research note on Thursday, May 4th. Finally, Vetr cut Mastercard from a “hold” rating to a “sell” rating and set a $115.30 price objective for the company. in a research note on Monday, May 22nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $128.20.
In other Mastercard news, major shareholder Foundation Mastercard sold 29,206 shares of the company’s stock in a transaction dated Tuesday, July 18th. The shares were sold at an average price of $127.63, for a total transaction of $3,727,561.78. Following 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 through this link. 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 transaction of $11,824,777.53. Following the sale, the chief financial officer now directly owns 170,570 shares in the company, valued at $22,138,280.30. The disclosure for this sale can be found here. Insiders have sold 850,468 shares of company stock worth $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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