Reilly Financial Advisors LLC decreased its position in shares of Mastercard Incorporated (NYSE:MA) by 7.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 98,338 shares of the credit services provider’s stock after selling 8,460 shares during the period. Mastercard accounts for about 1.8% of Reilly Financial Advisors LLC’s holdings, making the stock its 11th largest position. Reilly Financial Advisors LLC’s holdings in Mastercard were worth $11,943,000 as of its most recent filing with the SEC.
Other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in Mastercard by 2.9% in the first quarter. Vanguard Group Inc. now owns 63,807,040 shares of the credit services provider’s stock valued at $7,176,378,000 after buying an additional 1,814,116 shares in the last quarter. Clearbridge Investments LLC raised its stake in Mastercard by 22,644.6% in the first quarter. Clearbridge Investments LLC now owns 1,685,146 shares of the credit services provider’s stock valued at $189,528,000 after buying an additional 1,677,737 shares in the last quarter. UBS Asset Management Americas Inc. raised its stake in Mastercard by 24.6% in the fourth quarter. UBS Asset Management Americas Inc. now owns 5,983,482 shares of the credit services provider’s stock valued at $617,794,000 after buying an additional 1,182,995 shares in the last quarter. Bank of Montreal Can raised its stake in Mastercard by 31.8% in the first quarter. Bank of Montreal Can now owns 3,527,052 shares of the credit services provider’s stock valued at $396,689,000 after buying an additional 851,490 shares in the last quarter. Finally, Swiss National Bank raised its stake in Mastercard by 24.6% in the first quarter. Swiss National Bank now owns 3,660,220 shares of the credit services provider’s stock valued at $411,665,000 after buying an additional 722,600 shares in the last quarter. 75.99% of the stock is owned by hedge funds and other institutional investors.
Mastercard Incorporated (NYSE MA) traded up 0.60% during midday trading on Wednesday, reaching $132.37. The company’s stock had a trading volume of 2,000,733 shares. Mastercard Incorporated has a 52 week low of $94.41 and a 52 week high of $132.63. The firm has a 50 day moving average price of $127.29 and a 200-day moving average price of $118.03. The firm has a market cap of $140.96 billion, a P/E ratio of 32.85 and a beta of 1.17.
Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, July 27th. The credit services provider reported $1.10 earnings per share (EPS) for the quarter, beating 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 company had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $2.98 billion. During the same quarter in the prior year, the company earned $0.96 EPS. The firm’s revenue was up 13.3% on a year-over-year basis. On average, analysts forecast that Mastercard Incorporated will post $4.40 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 9th. Stockholders of record on Friday, July 7th were paid a $0.22 dividend. The ex-dividend date of this dividend was Wednesday, July 5th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.66%. Mastercard’s dividend payout ratio (DPR) is 21.78%.
TRADEMARK VIOLATION WARNING: This story was published by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this story on another domain, it was illegally copied and republished in violation of United States & international trademark and copyright legislation. The correct version of this story can be accessed at https://stocknewstimes.com/2017/08/16/reilly-financial-advisors-llc-lowers-position-in-mastercard-incorporated-nysema-updated.html.
Several equities research analysts have recently weighed in on MA shares. Deutsche Bank AG reissued a “buy” rating and set a $150.00 price objective (up from $124.00) on shares of Mastercard in a research note on Monday, July 10th. BMO Capital Markets increased their target price on Mastercard from $123.00 to $126.00 and gave the company an “outperform” rating in a report on Wednesday, May 3rd. Wedbush restated an “outperform” rating and issued a $129.00 target price (up previously from $126.00) on shares of Mastercard in a report on Tuesday, June 6th. Cowen and Company increased their target price on Mastercard from $122.00 to $127.00 and gave the company an “outperform” rating in a report on Wednesday, May 3rd. Finally, Oppenheimer Holdings, Inc. increased their target price on Mastercard and gave the company an “outperform” rating in a report on Tuesday, July 18th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $128.20.
In related news, CFO Martina Hundmejean sold 91,107 shares of the company’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $129.79, for a total transaction of $11,824,777.53. Following the completion of the sale, the chief financial officer now directly owns 170,570 shares in the company, valued at approximately $22,138,280.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Foundation Mastercard sold 29,206 shares of the company’s stock in a transaction 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 owns 112,649,063 shares of the company’s stock, valued at $14,377,399,910.69. The disclosure for this sale can be found here. Insiders sold a total of 850,468 shares of company stock valued at $109,574,694 in the last ninety days. 0.30% of the stock is owned by corporate insiders.
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.
Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.
