Waverton Investment Management Ltd cut its position in shares of MasterCard Inc. (NYSE:MA) by 25.9% during the third quarter, Holdings Channel reports. The firm owned 217,349 shares of the company’s stock after selling 75,891 shares during the period. MasterCard comprises approximately 1.5% of Waverton Investment Management Ltd’s holdings, making the stock its 23rd largest position. Waverton Investment Management Ltd’s holdings in MasterCard were worth $22,120,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Squarepoint Ops LLC bought a new position in shares of MasterCard during the first quarter valued at $822,000. M&R Capital Management Inc. bought a new position in shares of MasterCard during the first quarter valued at $210,000. First Republic Investment Management Inc. raised its position in shares of MasterCard by 8.5% in the first quarter. First Republic Investment Management Inc. now owns 115,266 shares of the company’s stock valued at $10,894,000 after buying an additional 9,030 shares during the last quarter. Cullinan Associates Inc. raised its position in shares of MasterCard by 0.4% in the second quarter. Cullinan Associates Inc. now owns 54,860 shares of the company’s stock valued at $4,831,000 after buying an additional 200 shares during the last quarter. Finally, Toth Financial Advisory Corp bought a new position in shares of MasterCard during the second quarter valued at $436,000. Institutional investors own 75.02% of the company’s stock.
Shares of MasterCard Inc. (NYSE:MA) traded up 1.12% during mid-day trading on Friday, reaching $105.73. The company had a trading volume of 1,566,890 shares. The firm’s 50 day moving average is $103.67 and its 200-day moving average is $97.75. The stock has a market capitalization of $115.20 billion, a P/E ratio of 29.23 and a beta of 1.22. MasterCard Inc. has a 12-month low of $78.52 and a 12-month high of $108.93.
MasterCard (NYSE:MA) last posted its quarterly earnings data on Friday, October 28th. The company reported $1.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.98 by $0.10. MasterCard had a return on equity of 69.11% and a net margin of 38.11%. The firm earned $2.88 billion during the quarter, compared to analyst estimates of $2.74 billion. During the same period last year, the company posted $0.91 EPS. The business’s quarterly revenue was up 14.6% on a year-over-year basis. On average, analysts expect that MasterCard Inc. will post $3.75 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 9th. Stockholders of record on Monday, October 10th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend was Wednesday, October 5th. MasterCard’s dividend payout ratio (DPR) is presently 20.99%.
Several research analysts have recently weighed in on MA shares. Barclays PLC increased their price objective on shares of MasterCard from $103.00 to $107.00 and gave the stock an “overweight” rating in a report on Friday, July 29th. Citigroup Inc. increased their target price on shares of MasterCard from $106.00 to $108.00 and gave the stock a “buy” rating in a research report on Friday, July 29th. JPMorgan Chase & Co. increased their target price on shares of MasterCard from $108.00 to $110.00 and gave the stock an “overweight” rating in a research report on Friday, July 29th. BMO Capital Markets reissued an “outperform” rating and set a $128.00 target price (up previously from $120.00) on shares of MasterCard in a research report on Friday, July 29th. Finally, Zacks Investment Research downgraded shares of MasterCard from a “buy” rating to a “hold” rating in a research report on Monday, August 8th. Eight investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $110.90.
In other news, insider Michael Fraccaro sold 2,514 shares of the business’s stock in a transaction that occurred on Wednesday, October 26th. The shares were sold at an average price of $102.99, for a total transaction of $258,916.86. Following the completion of the sale, the insider now owns 5,687 shares in the company, valued at approximately $585,704.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Foundation Mastercard sold 72,624 shares of the business’s stock in a transaction that occurred on Wednesday, October 26th. The stock was sold at an average price of $103.03, for a total transaction of $7,482,450.72. Following the sale, the insider now owns 114,592,747 shares of the company’s stock, valued at approximately $11,806,490,723.41. The disclosure for this sale can be found here. 3.14% of the stock is owned by insiders.
MasterCard Company Profile
MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world. The Company operates through payment solutions segment. The Company allows user to make payments by a range of payment solutions and services using various brands, which include MasterCard, Maestro and Cirrus.