Blair William & Co. IL Has $566.06 Million Stock Position in Mastercard Incorporated $MA

Blair William & Co. IL trimmed its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 1.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,007,323 shares of the credit services provider's stock after selling 13,372 shares during the quarter. Mastercard accounts for 1.6% of Blair William & Co. IL's portfolio, making the stock its 8th largest position. Blair William & Co. IL owned approximately 0.11% of Mastercard worth $566,055,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in MA. Family Legacy Financial Solutions LLC acquired a new position in Mastercard in the 2nd quarter worth $26,000. Flaharty Asset Management LLC bought a new stake in Mastercard during the 1st quarter worth about $27,000. Keystone Global Partners LLC bought a new stake in Mastercard during the 1st quarter worth about $31,000. Hughes Financial Services LLC bought a new stake in Mastercard during the 1st quarter worth about $34,000. Finally, 1 North Wealth Services LLC bought a new stake in Mastercard during the 1st quarter worth about $44,000. Institutional investors and hedge funds own 97.28% of the company's stock.

Insider Buying and Selling

In other news, CFO J. Mehra Sachin sold 17,816 shares of the business's stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $586.89, for a total transaction of $10,456,032.24. Following the completion of the transaction, the chief financial officer owned 31,234 shares of the company's stock, valued at approximately $18,330,922.26. The trade was a 36.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.09% of the stock is currently owned by corporate insiders.

Mastercard Stock Performance

Shares of NYSE MA opened at $576.40 on Thursday. The stock's fifty day moving average price is $581.11 and its two-hundred day moving average price is $562.55. The firm has a market cap of $521.07 billion, a price-to-earnings ratio of 38.87, a P/E/G ratio of 2.38 and a beta of 0.97. Mastercard Incorporated has a one year low of $465.59 and a one year high of $601.77. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16.

Mastercard (NYSE:MA - Get Free Report) last announced its earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.05 by $0.10. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The company had revenue of $8.13 billion during the quarter, compared to analysts' expectations of $7.95 billion. During the same quarter in the previous year, the business posted $3.50 earnings per share. Mastercard's quarterly revenue was up 16.8% on a year-over-year basis. On average, equities analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Thursday, October 9th will be given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Thursday, October 9th. Mastercard's dividend payout ratio is presently 20.50%.

Analyst Ratings Changes

MA has been the topic of a number of recent research reports. Wolfe Research set a $655.00 target price on Mastercard in a research report on Monday, June 23rd. Robert W. Baird lifted their price target on Mastercard from $640.00 to $660.00 and gave the stock an "outperform" rating in a report on Monday. Truist Financial reduced their price target on Mastercard from $640.00 to $612.00 and set a "buy" rating for the company in a report on Thursday, July 17th. Wall Street Zen cut Mastercard from a "buy" rating to a "hold" rating in a research report on Friday, September 26th. Finally, Morgan Stanley increased their price target on Mastercard from $639.00 to $661.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $634.04.

Mastercard Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.