Diversified Trust Co Grows Stock Position in Mastercard Inc (NYSE:MA)
Diversified Trust Co lifted its stake in shares of Mastercard Inc (NYSE:MA) by 4.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,128 shares of the credit services provider’s stock after purchasing an additional 560 shares during the quarter. Diversified Trust Co’s holdings in Mastercard were worth $3,837,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in MA. Vanguard Group Inc. grew its holdings in Mastercard by 0.5% in the second quarter. Vanguard Group Inc. now owns 71,012,814 shares of the credit services provider’s stock valued at $18,785,021,000 after purchasing an additional 367,442 shares during the last quarter. BlackRock Inc. lifted its position in Mastercard by 0.5% during the second quarter. BlackRock Inc. now owns 63,796,913 shares of the credit services provider’s stock worth $16,876,196,000 after buying an additional 297,230 shares during the period. FMR LLC lifted its position in Mastercard by 1.8% during the first quarter. FMR LLC now owns 40,441,076 shares of the credit services provider’s stock worth $9,521,850,000 after buying an additional 720,407 shares during the period. JPMorgan Chase & Co. lifted its position in Mastercard by 12.5% during the second quarter. JPMorgan Chase & Co. now owns 13,943,219 shares of the credit services provider’s stock worth $3,640,576,000 after buying an additional 1,548,776 shares during the period. Finally, Morgan Stanley lifted its position in Mastercard by 4.8% during the second quarter. Morgan Stanley now owns 13,929,653 shares of the credit services provider’s stock worth $3,684,811,000 after buying an additional 640,063 shares during the period. Institutional investors and hedge funds own 74.30% of the company’s stock.
In other Mastercard news, major shareholder Foundation Mastercard sold 7,950 shares of the firm’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $279.16, for a total transaction of $2,219,322.00. Following the completion of the sale, the insider now owns 112,173,812 shares in the company, valued at approximately $31,314,441,357.92. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Michael Miebach sold 2,233 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $283.12, for a total value of $632,206.96. Following the sale, the insider now owns 15,548 shares of the company’s stock, valued at approximately $4,401,949.76. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 140,143 shares of company stock worth $38,535,340. Company insiders own 3.70% of the company’s stock.
Mastercard (NYSE:MA) last announced its earnings results on Tuesday, July 30th. The credit services provider reported $1.89 EPS for the quarter, beating the consensus estimate of $1.82 by $0.07. The business had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $4.08 billion. Mastercard had a return on equity of 135.02% and a net margin of 42.71%. The company’s revenue was up 12.2% on a year-over-year basis. During the same period last year, the business posted $1.66 EPS. Equities research analysts expect that Mastercard Inc will post 7.61 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be issued a dividend of $0.33 per share. The ex-dividend date is Tuesday, October 8th. This represents a $1.32 annualized dividend and a dividend yield of 0.49%. Mastercard’s payout ratio is currently 20.34%.
A number of research firms have recently commented on MA. Morgan Stanley raised their price objective on Mastercard from $291.00 to $315.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. Tigress Financial restated a “buy” rating on shares of Mastercard in a report on Thursday, August 22nd. Raymond James raised their price objective on Mastercard from $300.00 to $308.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. BMO Capital Markets set a $328.00 price objective on Mastercard and gave the stock a “buy” rating in a report on Wednesday, July 31st. Finally, Argus raised their price objective on Mastercard to $320.00 and gave the stock an “average” rating in a report on Wednesday, July 31st. Three investment analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. Mastercard has an average rating of “Buy” and an average target price of $299.09.
Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.
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