Capital Counsel LLC NY Reduces Position in Mastercard Incorporated (NYSE:MA)

Capital Counsel LLC NY cut its position in Mastercard Incorporated (NYSE:MA) by 4.4% during the second quarter, HoldingsChannel reports. The firm owned 5,708 shares of the credit services provider’s stock after selling 260 shares during the quarter. Mastercard accounts for 0.1% of Capital Counsel LLC NY’s holdings, making the stock its 22nd biggest position. Capital Counsel LLC NY’s holdings in Mastercard were worth $2,084,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. OLD Mission Capital LLC acquired a new position in shares of Mastercard in the 3rd quarter valued at $237,000. Ironwood Wealth Management LLC. boosted its stake in Mastercard by 137.9% during the 1st quarter. Ironwood Wealth Management LLC. now owns 157 shares of the credit services provider’s stock worth $56,000 after purchasing an additional 91 shares during the period. Sage Mountain Advisors LLC acquired a new stake in Mastercard during the 1st quarter worth $235,000. Rational Advisors LLC boosted its stake in Mastercard by 38.3% during the 1st quarter. Rational Advisors LLC now owns 22,693 shares of the credit services provider’s stock worth $8,080,000 after purchasing an additional 6,285 shares during the period. Finally, Blume Capital Management Inc. boosted its stake in Mastercard by 21.3% during the 1st quarter. Blume Capital Management Inc. now owns 364 shares of the credit services provider’s stock worth $130,000 after purchasing an additional 64 shares during the period. 73.97% of the stock is currently owned by institutional investors.

In other news, major shareholder Foundation Mastercard sold 78,973 shares of Mastercard stock in a transaction that occurred on Monday, July 19th. The shares were sold at an average price of $370.34, for a total transaction of $29,246,860.82. Following the sale, the insider now owns 107,902,874 shares in the company, valued at $39,960,750,357.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Ann Cairns sold 15,197 shares of Mastercard stock in a transaction that occurred on Tuesday, July 13th. The shares were sold at an average price of $380.80, for a total transaction of $5,787,017.60. Following the sale, the insider now owns 129,443 shares in the company, valued at approximately $49,291,894.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 872,777 shares of company stock worth $328,809,430. 0.33% of the stock is currently owned by corporate insiders.

MA has been the subject of several recent analyst reports. Barclays raised their target price on shares of Mastercard from $452.00 to $455.00 and gave the stock an “overweight” rating in a research note on Monday, August 2nd. Compass Point raised their target price on shares of Mastercard from $430.00 to $450.00 and gave the stock a “buy” rating in a research note on Friday, July 30th. Robert W. Baird reiterated a “buy” rating and issued a $482.00 price target on shares of Mastercard in a report on Sunday, August 1st. Daiwa Capital Markets downgraded shares of Mastercard from an “outperform” rating to a “neutral” rating and set a $385.00 price target for the company. in a report on Thursday, August 12th. Finally, Morgan Stanley increased their price target on shares of Mastercard from $444.00 to $451.00 and gave the company an “overweight” rating in a report on Friday, July 30th. Two analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat.com, Mastercard has a consensus rating of “Buy” and a consensus price target of $418.48.

MA stock traded down $1.82 during midday trading on Monday, reaching $356.34. 125,980 shares of the company’s stock traded hands, compared to its average volume of 3,782,158. The company has a market capitalization of $351.63 billion, a P/E ratio of 49.74, a PEG ratio of 1.98 and a beta of 1.16. The company has a debt-to-equity ratio of 2.03, a current ratio of 1.33 and a quick ratio of 1.33. Mastercard Incorporated has a fifty-two week low of $281.20 and a fifty-two week high of $401.50. The business has a 50-day moving average price of $360.75 and a two-hundred day moving average price of $367.85.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, July 29th. The credit services provider reported $1.95 earnings per share for the quarter, beating analysts’ consensus estimates of $1.72 by $0.23. The firm had revenue of $4.53 billion for the quarter, compared to analysts’ expectations of $4.35 billion. Mastercard had a net margin of 43.22% and a return on equity of 109.48%. As a group, research analysts forecast that Mastercard Incorporated will post 8.11 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 9th. Shareholders of record on Friday, October 8th will be given a dividend of $0.44 per share. The ex-dividend date is Thursday, October 7th. This represents a $1.76 dividend on an annualized basis and a yield of 0.49%. Mastercard’s dividend payout ratio (DPR) is 27.37%.

Mastercard Company Profile

Mastercard, Inc operates as a technology company. The firm engages in the payments industry that connects consumers, financial institutions, merchants, governments and business. It offers payment solutions for the development and implementation of credit, debit, prepaid, commercial and payment programs.

Further Reading: What is Liquidity?

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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