Nichols & Pratt Advisers LLP MA Buys 1,174 Shares of Mastercard Inc (NYSE:MA)

Nichols & Pratt Advisers LLP MA raised its stake in shares of Mastercard Inc (NYSE:MA) by 0.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 168,905 shares of the credit services provider’s stock after purchasing an additional 1,174 shares during the quarter. Mastercard accounts for 3.7% of Nichols & Pratt Advisers LLP MA’s portfolio, making the stock its 7th largest holding. Nichols & Pratt Advisers LLP MA’s holdings in Mastercard were worth $44,733,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Horizon Investments LLC boosted its holdings in shares of Mastercard by 146.1% in the 1st quarter. Horizon Investments LLC now owns 3,957 shares of the credit services provider’s stock worth $930,000 after acquiring an additional 2,349 shares in the last quarter. Dearborn Partners LLC boosted its holdings in shares of Mastercard by 3.5% in the 2nd quarter. Dearborn Partners LLC now owns 140,223 shares of the credit services provider’s stock worth $37,093,000 after acquiring an additional 4,762 shares in the last quarter. World Asset Management Inc boosted its holdings in shares of Mastercard by 1.2% in the 2nd quarter. World Asset Management Inc now owns 61,819 shares of the credit services provider’s stock worth $16,353,000 after acquiring an additional 755 shares in the last quarter. Brightworth boosted its holdings in shares of Mastercard by 18.4% in the 2nd quarter. Brightworth now owns 3,852 shares of the credit services provider’s stock worth $1,019,000 after acquiring an additional 599 shares in the last quarter. Finally, Asset Dedication LLC boosted its holdings in shares of Mastercard by 23.1% in the 1st quarter. Asset Dedication LLC now owns 3,878 shares of the credit services provider’s stock worth $916,000 after acquiring an additional 727 shares in the last quarter. 74.90% of the stock is currently owned by institutional investors.

MA has been the subject of several research analyst reports. Argus boosted their price objective on shares of Mastercard to $320.00 and gave the stock an “average” rating in a research report on Wednesday, July 31st. Raymond James boosted their price objective on shares of Mastercard from $300.00 to $308.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. KeyCorp boosted their price objective on shares of Mastercard from $230.00 to $265.00 and gave the stock an “overweight” rating in a research report on Friday, May 3rd. Morgan Stanley boosted their price objective on shares of Mastercard from $269.00 to $291.00 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. Finally, UBS Group boosted their price objective on shares of Mastercard from $300.00 to $312.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Two equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $291.80.

Shares of Mastercard stock traded up $1.08 on Tuesday, hitting $279.15. 918,038 shares of the company’s stock traded hands, compared to its average volume of 3,792,061. The firm’s 50-day moving average price is $274.53 and its two-hundred day moving average price is $248.69. The stock has a market capitalization of $278.35 billion, a PE ratio of 43.01, a price-to-earnings-growth ratio of 2.17 and a beta of 1.08. Mastercard Inc has a one year low of $171.89 and a one year high of $283.33. 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 earnings results on Tuesday, July 30th. The credit services provider reported $1.89 EPS for the quarter, beating the consensus estimate of $1.82 by $0.07. The company had revenue of $4.11 billion during the quarter, compared to analysts’ expectations of $4.08 billion. Mastercard had a net margin of 42.71% and a return on equity of 135.02%. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.66 EPS. On average, analysts forecast that Mastercard Inc will post 7.61 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 0.47%. The ex-dividend date of this dividend was Monday, July 8th. Mastercard’s payout ratio is 20.34%.

In other Mastercard news, Director David R. Carlucci sold 3,974 shares of the company’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $262.51, for a total transaction of $1,043,214.74. Following the completion of the sale, the director now owns 54,438 shares in the company, valued at approximately $14,290,519.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman Ann Cairns sold 51,850 shares of the company’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $259.80, for a total transaction of $13,470,630.00. Following the sale, the insider now owns 134,120 shares of the company’s stock, valued at approximately $34,844,376. The disclosure for this sale can be found here. Insiders have sold a total of 201,511 shares of company stock valued at $54,471,508 in the last quarter. 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.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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