Mastercard Incorporated (NYSE:MA) Shares Purchased by King Luther Capital Management Corp

King Luther Capital Management Corp increased its position in shares of Mastercard Incorporated (NYSE:MA) by 9.8% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 50,654 shares of the credit services provider’s stock after purchasing an additional 4,529 shares during the quarter. King Luther Capital Management Corp’s holdings in Mastercard were worth $19,922,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Naviter Wealth LLC raised its holdings in shares of Mastercard by 31.1% in the second quarter. Naviter Wealth LLC now owns 4,582 shares of the credit services provider’s stock worth $1,802,000 after acquiring an additional 1,087 shares during the last quarter. ARS Wealth Advisors Group LLC raised its holdings in shares of Mastercard by 0.7% in the second quarter. ARS Wealth Advisors Group LLC now owns 24,680 shares of the credit services provider’s stock worth $9,707,000 after acquiring an additional 173 shares during the last quarter. Klingman & Associates LLC raised its holdings in shares of Mastercard by 5.9% in the second quarter. Klingman & Associates LLC now owns 7,433 shares of the credit services provider’s stock worth $2,923,000 after acquiring an additional 411 shares during the last quarter. Fragasso Group Inc. raised its holdings in shares of Mastercard by 12.9% in the second quarter. Fragasso Group Inc. now owns 1,115 shares of the credit services provider’s stock worth $438,000 after acquiring an additional 127 shares during the last quarter. Finally, Old North State Trust LLC grew its position in shares of Mastercard by 5.8% in the first quarter. Old North State Trust LLC now owns 1,336 shares of the credit services provider’s stock valued at $486,000 after purchasing an additional 73 shares during the period. 74.94% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Mastercard news, Director Richard K. Davis purchased 1,000 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The shares were acquired at an average price of $390.96 per share, for a total transaction of $390,960.00. Following the completion of the purchase, the director now owns 9,743 shares in the company, valued at approximately $3,809,123.28. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director Richard K. Davis acquired 1,000 shares of the business’s stock in a transaction on Thursday, November 9th. The shares were purchased at an average price of $390.96 per share, for a total transaction of $390,960.00. Following the completion of the purchase, the director now directly owns 9,743 shares of the company’s stock, valued at approximately $3,809,123.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Hai Ling sold 3,324 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $415.00, for a total value of $1,379,460.00. Following the sale, the insider now owns 17,577 shares in the company, valued at approximately $7,294,455. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 533,424 shares of company stock worth $206,051,295. 0.13% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

MA has been the subject of a number of recent analyst reports. BMO Capital Markets lowered their price objective on Mastercard from $488.00 to $472.00 and set an “outperform” rating for the company in a research report on Friday, October 27th. HSBC initiated coverage on Mastercard in a research report on Friday, October 13th. They issued a “hold” rating and a $424.00 price objective for the company. Royal Bank of Canada lowered their price objective on Mastercard from $441.00 to $432.00 and set an “outperform” rating for the company in a research report on Friday, October 27th. Citigroup lifted their price objective on Mastercard from $440.00 to $455.00 and gave the company a “buy” rating in a research report on Monday, July 31st. Finally, Seaport Res Ptn reissued a “buy” rating on shares of Mastercard in a research report on Thursday, October 12th. Two equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $450.09.

Mastercard Trading Up 1.0 %

Shares of MA opened at $404.40 on Tuesday. The stock’s 50-day moving average is $394.96 and its two-hundred day moving average is $391.86. The stock has a market cap of $379.24 billion, a PE ratio of 35.23, a P/E/G ratio of 1.79 and a beta of 1.08. Mastercard Incorporated has a 12 month low of $336.43 and a 12 month high of $418.60. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.17 and a quick ratio of 1.17.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, October 26th. The credit services provider reported $3.39 EPS for the quarter, topping the consensus estimate of $3.21 by $0.18. Mastercard had a return on equity of 188.83% and a net margin of 44.85%. The business had revenue of $6.53 billion for the quarter, compared to analysts’ expectations of $6.53 billion. During the same quarter in the previous year, the firm posted $2.68 earnings per share. The company’s revenue was up 13.5% compared to the same quarter last year. Equities analysts forecast that Mastercard Incorporated will post 12.16 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 9th. Investors of record on Monday, October 9th were paid a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend was Thursday, October 5th. Mastercard’s dividend payout ratio (DPR) is 19.86%.

About Mastercard

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 other payment-related products and services.