Trading Report: Today, Waverton Investment Management Ltd lowers its Position in MasterCard Inc. (MA)

Today, Waverton Investment Management Ltd lowers its Position in MasterCard Inc. (MA)

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.

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