Wetherby Asset Management Inc. Has $1.88 Million Stake in Mastercard Incorporated (MA)
Wetherby Asset Management Inc. lifted its holdings in Mastercard Incorporated (NYSE:MA) by 3.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,448 shares of the credit services provider’s stock after buying an additional 522 shares during the quarter. Wetherby Asset Management Inc.’s holdings in Mastercard were worth $1,876,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Personal Capital Advisors Corp raised its holdings 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 buying an additional 8,670 shares during the period. IBM Retirement Fund raised its holdings in shares of Mastercard by 68.8% in the second quarter. IBM Retirement Fund now owns 23,051 shares of the credit services provider’s stock worth $3,128,000 after buying an additional 9,397 shares during the period. Oribel Capital Management LP purchased a new stake in shares of Mastercard in the first quarter worth approximately $5,849,000. Puzo Michael J raised its holdings in shares of Mastercard by 0.4% in the second quarter. Puzo Michael J now owns 50,460 shares of the credit services provider’s stock worth $6,129,000 after buying an additional 213 shares during the period. Finally, Edgestream Partners L.P. raised its holdings in shares of Mastercard by 289.8% in the first quarter. Edgestream Partners L.P. now owns 20,991 shares of the credit services provider’s stock worth $2,361,000 after buying an additional 15,606 shares during the period. Hedge funds and other institutional investors own 76.05% of the company’s stock.
Shares of Mastercard Incorporated (MA) opened at 142.09 on Thursday. Mastercard Incorporated has a 52-week low of $99.51 and a 52-week high of $143.59. The stock has a 50 day moving average price of $137.38 and a 200-day moving average price of $124.87. The firm has a market cap of $151.31 billion, a PE ratio of 35.26 and a beta of 1.18.
Mastercard (NYSE:MA) last posted its earnings results on Thursday, July 27th. The credit services provider reported $1.10 EPS 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 analyst estimates of $2.98 billion. Mastercard had a return on equity of 74.92% and a net margin of 38.30%. Mastercard’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.96 earnings per share. On average, equities analysts anticipate that Mastercard Incorporated will post $4.44 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 9th. Investors of record on Friday, October 6th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.62%. The ex-dividend date is Thursday, October 5th. Mastercard’s dividend payout ratio (DPR) is presently 21.78%.
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Several brokerages have recently weighed in on MA. Cantor Fitzgerald began coverage on Mastercard in a report on Thursday, September 28th. They issued an “overweight” rating and a $165.00 price target on the stock. Cowen and Company reiterated an “outperform” rating and issued a $137.00 price target (up from $129.00) on shares of Mastercard in a report on Sunday, July 30th. Buckingham Research began coverage on Mastercard in a report on Monday. They issued a “buy” rating and a $163.00 price target on the stock. BidaskClub downgraded Mastercard from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. Finally, Zacks Investment Research upgraded Mastercard from a “hold” rating to a “buy” rating and set a $160.00 price target on the stock in a report on Thursday, September 21st. One 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 company. Mastercard has an average rating of “Buy” and an average price target of $143.08.
In other Mastercard news, major shareholder Foundation Mastercard sold 87,618 shares of the firm’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $126.60, for a total transaction of $11,092,438.80. Following the transaction, the insider now owns 112,736,681 shares of the company’s stock, valued at $14,272,463,814.60. 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 firm’s stock in a transaction dated 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 directly owns 45,278 shares in the company, valued at approximately $6,452,567.78. The disclosure for this sale can be found here. Insiders sold 869,668 shares of company stock worth $112,301,656 in the last three months. 0.30% of the stock is currently owned by corporate 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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