Professional Planning Purchases 629 Shares of Mastercard Inc (NYSE:MA)

Professional Planning lifted its position in shares of Mastercard Inc (NYSE:MA) by 1.8% during the 2nd quarter, Holdings Channel.com reports. The firm owned 34,754 shares of the credit services provider’s stock after purchasing an additional 629 shares during the quarter. Mastercard accounts for approximately 10.8% of Professional Planning’s investment portfolio, making the stock its 2nd largest holding. Professional Planning’s holdings in Mastercard were worth $9,193,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in MA. Global Trust Asset Management LLC grew its stake in shares of Mastercard by 26.5% during the second quarter. Global Trust Asset Management LLC now owns 12,163 shares of the credit services provider’s stock worth $3,217,000 after purchasing an additional 2,551 shares during the period. FARMERS & MERCHANTS TRUST Co OF LONG BEACH grew its stake in shares of Mastercard by 14.8% during the second quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 2,324 shares of the credit services provider’s stock worth $615,000 after purchasing an additional 300 shares during the period. Waratah Capital Advisors Ltd. grew its stake in shares of Mastercard by 120.7% during the second quarter. Waratah Capital Advisors Ltd. now owns 21,518 shares of the credit services provider’s stock worth $5,692,000 after purchasing an additional 11,770 shares during the period. Kessler Investment Group LLC acquired a new stake in shares of Mastercard during the second quarter worth $63,000. Finally, World Asset Management Inc grew its stake in shares of Mastercard by 1.2% during the second quarter. World Asset Management Inc now owns 61,819 shares of the credit services provider’s stock worth $16,353,000 after purchasing an additional 755 shares during the period. 74.41% of the stock is currently owned by institutional investors.

MA traded down $2.20 on Wednesday, hitting $275.96. 1,565,702 shares of the company were exchanged, compared to its average volume of 2,454,807. Mastercard Inc has a 12 month low of $171.89 and a 12 month high of $283.33. The company has a market cap of $288.14 billion, a P/E ratio of 42.52, a PEG ratio of 2.21 and a beta of 1.08. The company has a current ratio of 1.40, a quick ratio of 1.41 and a debt-to-equity ratio of 1.12. The company has a fifty day moving average price of $270.82.

Mastercard (NYSE:MA) last released its quarterly earnings data on Tuesday, July 30th. The credit services provider reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.82 by $0.07. The firm had revenue of $4.11 billion for the quarter, compared to analyst estimates of $4.08 billion. Mastercard had a return on equity of 129.95% and a net margin of 40.82%. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.66 earnings per share. On average, equities research analysts predict that Mastercard Inc will post 7.6 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Monday, July 8th. This represents a $1.32 annualized dividend and a yield of 0.48%. Mastercard’s dividend payout ratio is 20.34%.

A number of equities research analysts recently commented on the company. KeyCorp reaffirmed a “buy” rating and set a $158.00 price objective on shares of Tableau Software in a research note on Friday, May 3rd. UBS Group boosted their target price on Tableau Software to $134.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. Argus boosted their target price on Mastercard to $320.00 and gave the company an “average” rating in a research note on Wednesday. Bank of America boosted their price target on Visa from $177.00 to $192.00 and gave the company a “buy” rating in a report on Monday, June 17th. Finally, Wells Fargo & Co boosted their price target on Apollo Global Management from $38.00 to $42.00 and gave the company an “outperform” rating in a report on Wednesday, July 10th. Two research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $282.00.

In other Mastercard news, Director David R. Carlucci sold 3,974 shares of the company’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $262.51, for a total value of $1,043,214.74. Following the sale, the director now owns 54,438 shares in the company, valued at $14,290,519.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman Ann Cairns sold 51,850 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $259.80, for a total value of $13,470,630.00. Following the completion of the sale, the insider now owns 134,120 shares in the company, valued at approximately $34,844,376. The disclosure for this sale can be found here. Insiders sold 103,888 shares of company stock worth $27,784,466 in the last 90 days. Corporate insiders own 3.70% of the company’s stock.

Mastercard Company Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

Read More: What is Cost of Debt?

Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Inc (NYSE:MA).

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.