Seaward Management Limited Partnership Has $416,000 Holdings in Mastercard Incorporated (MA)
Seaward Management Limited Partnership lowered its position in shares of Mastercard Incorporated (NYSE:MA) by 1.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,426 shares of the credit services provider’s stock after selling 50 shares during the quarter. Seaward Management Limited Partnership’s holdings in Mastercard were worth $416,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of MA. Personal Capital Advisors Corp boosted its stake in shares of Mastercard by 3.3% in the second quarter. Personal Capital Advisors Corp now owns 270,438 shares of the credit services provider’s stock worth $32,845,000 after acquiring an additional 8,670 shares during the period. IBM Retirement Fund grew its position in shares of Mastercard by 68.8% during the second 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. Cookson Peirce & Co. Inc. grew its position in shares of Mastercard by 1.2% during the first quarter. Cookson Peirce & Co. Inc. now owns 13,441 shares of the credit services provider’s stock worth $1,512,000 after purchasing an additional 160 shares in the last quarter. Oribel Capital Management LP purchased a new stake in shares of Mastercard during the first quarter worth about $5,849,000. Finally, Puzo Michael J grew its position in shares of Mastercard by 0.4% during the second quarter. Puzo Michael J now owns 50,460 shares of the credit services provider’s stock worth $6,129,000 after purchasing an additional 213 shares in the last quarter. 76.05% of the stock is currently owned by institutional investors and hedge funds.
Mastercard Incorporated (NYSE:MA) opened at 143.02 on Wednesday. The firm’s 50 day moving average price is $137.09 and its 200 day moving average price is $124.74. The stock has a market cap of $152.30 billion, a price-to-earnings ratio of 35.49 and a beta of 1.18. Mastercard Incorporated has a 12 month low of $99.51 and a 12 month high of $143.59.
Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, July 27th. The credit services provider reported $1.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.06. Mastercard had a net margin of 38.30% and a return on equity of 74.92%. The firm had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $2.98 billion. During the same period last year, the business earned $0.96 earnings per share. Mastercard’s revenue was up 13.3% compared to the same quarter last year. On average, equities research analysts predict that Mastercard Incorporated will post $4.44 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, November 9th. Shareholders of record on Friday, October 6th will be issued a $0.22 dividend. The ex-dividend date is Thursday, October 5th. This represents a $0.88 annualized dividend and a yield of 0.62%. Mastercard’s payout ratio is 21.78%.
Several brokerages recently issued reports on MA. BidaskClub raised Mastercard from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Guggenheim upgraded Mastercard from a “neutral” rating to a “buy” rating and upped their price target for the stock from $135.00 to $153.00 in a research note on Monday, September 11th. Citigroup Inc. upped their price target on Mastercard from $123.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, June 19th. BMO Capital Markets increased their price objective on shares of Mastercard from $126.00 to $137.00 and gave the company an “outperform” rating in a report on Friday, July 28th. Finally, Barclays PLC increased their price objective on shares of Mastercard from $142.00 to $148.00 and gave the company an “overweight” rating in a report on Friday, September 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-five have given a buy rating to the stock. Mastercard presently has an average rating of “Buy” and a consensus target price of $143.08.
In other news, CFO Martina Hundmejean sold 91,107 shares of the company’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $129.79, for a total value of $11,824,777.53. Following the transaction, 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 filing with the SEC, which is accessible through the SEC website. Also, Director Richard Haythornthwaite sold 5,000 shares of the stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $142.51, for a total value of $712,550.00. Following the transaction, the director now owns 45,278 shares of the company’s stock, valued at $6,452,567.78. The disclosure for this sale can be found here. Insiders sold a total of 869,668 shares of company stock worth $112,301,656 over the last quarter. 0.30% of the stock is currently 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.
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