Investment Management of Virginia LLC Reduces Stake in Mastercard Incorporated (MA)
Investment Management of Virginia LLC decreased its stake in shares of Mastercard Incorporated (NYSE:MA) by 0.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 13,550 shares of the credit services provider’s stock after selling 95 shares during the quarter. Investment Management of Virginia LLC’s holdings in Mastercard were worth $1,645,000 as of its most recent filing with the SEC.
Several other large investors also recently bought and sold shares of MA. Personal Capital Advisors Corp increased its stake in Mastercard by 3.3% in the second quarter. Personal Capital Advisors Corp now owns 270,438 shares of the credit services provider’s stock valued at $32,845,000 after acquiring an additional 8,670 shares during the period. IBM Retirement Fund increased its stake in Mastercard by 68.8% in the second quarter. IBM Retirement Fund now owns 23,051 shares of the credit services provider’s stock valued at $3,128,000 after acquiring an additional 9,397 shares during the period. Oribel Capital Management LP bought a new stake in Mastercard in the first quarter valued at about $5,849,000. Puzo Michael J increased its stake in Mastercard by 0.4% in the second quarter. Puzo Michael J now owns 50,460 shares of the credit services provider’s stock valued at $6,129,000 after acquiring an additional 213 shares during the period. Finally, Edgestream Partners L.P. increased its stake in Mastercard by 289.8% in the first quarter. Edgestream Partners L.P. now owns 20,991 shares of the credit services provider’s stock valued at $2,361,000 after acquiring an additional 15,606 shares during the period. Institutional investors own 76.01% of the company’s stock.
A number of analysts recently weighed in on the stock. Piper Jaffray Companies reissued a “buy” rating and issued a $161.00 target price on shares of Mastercard in a research note on Friday. Stephens assumed coverage on shares of Mastercard in a research note on Friday. They issued an “overweight” rating and a $166.00 target price on the stock. Mizuho reissued a “hold” rating and issued a $140.00 target price on shares of Mastercard in a research note on Thursday. Cowen and Company reissued a “buy” rating and issued a $137.00 target price on shares of Mastercard in a research note on Thursday. Finally, Wells Fargo & Company raised shares of Mastercard from a “market perform” rating to an “outperform” rating and upped their target price for the company from $130.00 to $160.00 in a research note on Wednesday, October 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have given a buy rating to the company. Mastercard currently has a consensus rating of “Buy” and a consensus target price of $145.28.
In other Mastercard news, major shareholder Foundation Mastercard sold 29,206 shares of the business’s stock in a transaction that occurred on 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 approximately $14,377,399,910.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael Fraccaro sold 5,800 shares of the business’s stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $147.59, for a total transaction of $856,022.00. The disclosure for this sale can be found here. Insiders have sold a total of 787,850 shares of company stock worth $102,065,239 over the last three months. Insiders own 0.30% of the company’s stock.
TRADEMARK VIOLATION WARNING: This piece of content was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this piece of content on another publication, it was stolen and republished in violation of U.S. and international trademark and copyright laws. The correct version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/10/16/investment-management-of-virginia-llc-reduces-stake-in-mastercard-incorporated-ma.html.
Mastercard Incorporated (NYSE MA) opened at 147.34 on Monday. Mastercard Incorporated has a one year low of $99.51 and a one year high of $148.45. The firm has a market capitalization of $156.90 billion, a price-to-earnings ratio of 36.56 and a beta of 1.18. The company has a 50-day moving average of $140.23 and a 200 day moving average of $126.67.
Mastercard (NYSE:MA) last posted its earnings results on Thursday, July 27th. The credit services provider reported $1.10 earnings per share for the quarter, topping the Zacks’ 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 for the quarter, compared to analyst estimates of $2.98 billion. During the same period in the previous year, the firm posted $0.96 EPS. The company’s revenue for the quarter was up 13.3% compared to the same quarter last year. 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 issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date of this dividend is Thursday, October 5th. Mastercard’s payout ratio is 21.78%.
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 & Stock 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 stocks with our FREE daily email newsletter.