Murphy Capital Management Inc. Lowers Position in Mastercard Inc (NYSE:MA)

Murphy Capital Management Inc. cut its stake in Mastercard Inc (NYSE:MA) by 2.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,718 shares of the credit services provider’s stock after selling 347 shares during the quarter. Murphy Capital Management Inc.’s holdings in Mastercard were worth $3,099,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Farmers & Merchants Investments Inc. grew its holdings in Mastercard by 1.0% during the first quarter. Farmers & Merchants Investments Inc. now owns 4,560 shares of the credit services provider’s stock valued at $1,074,000 after purchasing an additional 43 shares during the period. Contravisory Investment Management Inc. grew its holdings in Mastercard by 15.5% during the second quarter. Contravisory Investment Management Inc. now owns 321 shares of the credit services provider’s stock valued at $85,000 after purchasing an additional 43 shares during the period. Northwest Quadrant Wealth Management LLC grew its holdings in Mastercard by 2.1% during the first quarter. Northwest Quadrant Wealth Management LLC now owns 2,233 shares of the credit services provider’s stock valued at $534,000 after purchasing an additional 45 shares during the period. Mechanics Bank Trust Department boosted its holdings in shares of Mastercard by 3.8% in the first quarter. Mechanics Bank Trust Department now owns 1,245 shares of the credit services provider’s stock worth $293,000 after acquiring an additional 45 shares during the period. Finally, Eukles Asset Management boosted its holdings in shares of Mastercard by 0.3% in the first quarter. Eukles Asset Management now owns 14,797 shares of the credit services provider’s stock worth $3,484,000 after acquiring an additional 50 shares during the period. 74.41% of the stock is owned by hedge funds and other institutional investors.

In other Mastercard news, Director David R. Carlucci sold 3,974 shares of the firm’s stock in a transaction dated 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 sale, the director now owns 54,438 shares in the company, valued at $14,290,519.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Ann Cairns sold 51,850 shares of the firm’s stock in a transaction dated 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 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 have sold 137,921 shares of company stock valued at $37,322,422 in the last three months. 3.70% of the stock is owned by corporate insiders.

NYSE:MA opened at $274.16 on Friday. The company has a market capitalization of $284.15 billion, a price-to-earnings ratio of 42.24, a price-to-earnings-growth ratio of 2.18 and a beta of 1.07. Mastercard Inc has a 52-week low of $171.89 and a 52-week high of $283.33. The company’s fifty day simple moving average is $271.32. The company has a quick ratio of 1.41, a current ratio of 1.49 and a debt-to-equity ratio of 1.55.

Mastercard (NYSE:MA) last posted its quarterly earnings data 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 company had revenue of $4.11 billion during the quarter, compared to analyst estimates of $4.08 billion. Mastercard had a return on equity of 137.10% and a net margin of 42.71%. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter last year, the company earned $1.66 earnings per share. On average, equities analysts predict that Mastercard Inc will post 7.6 earnings per share for the current year.

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

A number of equities analysts have recently commented on MA shares. Barclays raised their price target on Mastercard from $285.00 to $310.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. Bank of America raised their price target on Mastercard from $255.00 to $267.00 and gave the stock a “neutral” rating in a report on Monday, June 17th. Deutsche Bank raised their price target on Mastercard from $267.00 to $330.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. Morgan Stanley raised their price target on Mastercard from $269.00 to $291.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. Finally, BMO Capital Markets set a $328.00 price target on Mastercard and gave the stock a “buy” rating in a report on Wednesday. Two research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Mastercard presently has an average rating of “Buy” and an average target price of $287.20.

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 related products and services.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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