Mastercard Incorporated (MA) Holdings Trimmed by Boston Private Wealth LLC

Boston Private Wealth LLC cut its holdings in Mastercard Incorporated (NYSE:MA) by 5.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,764 shares of the credit services provider’s stock after selling 1,415 shares during the period. Boston Private Wealth LLC’s holdings in Mastercard were worth $3,129,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of MA. American Beacon Advisors Inc. acquired a new position in shares of Mastercard during the first quarter valued at about $100,000. Lipe & Dalton acquired a new position in shares of Mastercard during the first quarter valued at about $101,000. Chicago Partners Investment Group LLC raised its position in shares of Mastercard by 1,365.6% during the second quarter. Chicago Partners Investment Group LLC now owns 938 shares of the credit services provider’s stock valued at $105,000 after buying an additional 874 shares during the last quarter. Proficio Capital Partners LLC raised its position in Mastercard by 108.2% in the first quarter. Proficio Capital Partners LLC now owns 893 shares of the credit services provider’s stock worth $108,000 after purchasing an additional 464 shares in the last quarter. Finally, Kistler Tiffany Companies LLC raised its position in Mastercard by 10.9% in the first quarter. Kistler Tiffany Companies LLC now owns 1,019 shares of the credit services provider’s stock worth $115,000 after purchasing an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 75.98% of the company’s stock.

In other Mastercard news, CFO Martina Hundmejean sold 91,107 shares of the 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 sale, the chief financial officer now owns 170,570 shares in the company, valued at $22,138,280.30. The transaction was disclosed in a legal 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 completion of the sale, the director now owns 45,278 shares in the company, valued at approximately $6,452,567.78. The disclosure for this sale can be found here. Insiders have sold a total of 408,172 shares of company stock worth $53,121,532 in the last 90 days. 0.30% of the stock is currently owned by insiders.

Shares of Mastercard Incorporated (NYSE:MA) opened at 146.59 on Friday. Mastercard Incorporated has a one year low of $99.51 and a one year high of $148.45. The company has a market cap of $156.10 billion, a P/E ratio of 36.37 and a beta of 1.18. The company’s 50 day moving average is $142.60 and its 200 day moving average is $128.49.

Mastercard (NYSE:MA) last issued 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 return on equity of 74.92% and a net margin of 38.30%. The business had revenue of $3.05 billion for the quarter, compared to analysts’ expectations of $2.98 billion. During the same period in the prior year, the firm earned $0.96 EPS. The company’s revenue for the quarter was up 13.3% on a year-over-year basis. On average, equities analysts predict that Mastercard Incorporated will post $4.44 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 9th. Investors of record on Friday, October 6th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $0.88 annualized dividend and a yield of 0.60%. Mastercard’s payout ratio is presently 21.78%.

Several research analysts recently issued reports on the stock. BidaskClub raised shares of Mastercard from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Guggenheim raised shares of Mastercard from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $135.00 to $153.00 in a research note on Monday, September 11th. Mizuho reaffirmed a “hold” rating and set a $140.00 price objective on shares of Mastercard in a research note on Thursday, October 12th. BMO Capital Markets upped their price objective on shares of Mastercard from $126.00 to $137.00 and gave the stock an “outperform” rating in a research note on Friday, July 28th. Finally, Barclays PLC upped their price objective on shares of Mastercard from $142.00 to $148.00 and gave the stock an “overweight” rating in a research note on Friday, September 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-seven have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $148.54.

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About Mastercard

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.

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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