Eads & Heald Wealth Management Decreases Holdings in Mastercard Inc (NYSE:MA)

Eads & Heald Wealth Management trimmed its holdings in shares of Mastercard Inc (NYSE:MA) by 6.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,331 shares of the credit services provider’s stock after selling 221 shares during the period. Eads & Heald Wealth Management’s holdings in Mastercard were worth $881,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. FMR LLC lifted its holdings in Mastercard by 1.8% during the 1st quarter. FMR LLC now owns 40,441,076 shares of the credit services provider’s stock worth $9,521,850,000 after buying an additional 720,407 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Mastercard by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 12,431,997 shares of the credit services provider’s stock valued at $2,341,383,000 after purchasing an additional 416,095 shares during the last quarter. Norges Bank purchased a new stake in shares of Mastercard in the 4th quarter valued at about $1,701,899,000. Parnassus Investments CA lifted its holdings in shares of Mastercard by 1.6% in the 1st quarter. Parnassus Investments CA now owns 3,185,400 shares of the credit services provider’s stock valued at $750,002,000 after purchasing an additional 51,389 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Mastercard by 1.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,964,021 shares of the credit services provider’s stock valued at $559,150,000 after purchasing an additional 42,640 shares during the last quarter. 74.39% of the stock is owned by institutional investors.

Shares of MA stock opened at $274.95 on Friday. The firm has a market cap of $280.87 billion, a PE ratio of 42.37, a PEG ratio of 2.13 and a beta of 1.08. Mastercard Inc has a 52-week low of $171.89 and a 52-week high of $283.33. The firm has a 50-day moving average of $272.61. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.49 and a quick ratio of 1.49.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.89 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.82 by $0.07. The firm had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $4.08 billion. Mastercard had a return on equity of 135.02% and a net margin of 42.71%. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.66 EPS. As a group, equities research analysts predict that Mastercard Inc will post 7.61 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Tuesday, July 9th were given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 0.48%. The ex-dividend date was Monday, July 8th. Mastercard’s dividend payout ratio (DPR) is presently 20.34%.

In other Mastercard news, Director David R. Carlucci sold 3,974 shares of the business’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 transaction of $1,043,214.74. Following the transaction, the director now owns 54,438 shares in the company, valued at approximately $14,290,519.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman Ann Cairns sold 51,850 shares of the business’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $259.80, for a total value of $13,470,630.00. Following the transaction, 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 a total of 185,621 shares of company stock worth $50,148,475 in the last 90 days. 3.70% of the stock is currently owned by insiders.

Several research firms have recently weighed in on MA. Bank of America boosted their target price on Mastercard from $255.00 to $267.00 and gave the company a “neutral” rating in a report on Monday, June 17th. Nomura boosted their target price on Mastercard from $282.00 to $324.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. BMO Capital Markets set a $328.00 target price on Mastercard and gave the company a “buy” rating in a report on Wednesday, July 31st. Oppenheimer boosted their target price on Mastercard from $242.00 to $259.00 and gave the company an “outperform” rating in a report on Wednesday, April 17th. Finally, Morgan Stanley boosted their target price on Mastercard from $269.00 to $291.00 and gave the company an “overweight” rating in a report on Thursday, July 11th. Two investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company’s stock. Mastercard presently has an average rating of “Buy” and an average target price of $291.80.

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.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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