William Allan Corp Sells 244 Shares of Mastercard Incorporated $MA

William Allan Corp decreased its holdings in Mastercard Incorporated (NYSE:MA) by 1.5% during the 2nd quarter, HoldingsChannel reports. The fund owned 16,236 shares of the credit services provider’s stock after selling 244 shares during the quarter. Mastercard comprises approximately 5.3% of William Allan Corp’s investment portfolio, making the stock its 2nd largest holding. William Allan Corp’s holdings in Mastercard were worth $9,124,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Motley Fool Asset Management LLC lifted its stake in shares of Mastercard by 6.2% in the second quarter. Motley Fool Asset Management LLC now owns 85,588 shares of the credit services provider’s stock worth $48,095,000 after acquiring an additional 5,007 shares in the last quarter. GPM Growth Investors Inc. lifted its stake in shares of Mastercard by 14.9% in the second quarter. GPM Growth Investors Inc. now owns 679 shares of the credit services provider’s stock worth $382,000 after acquiring an additional 88 shares in the last quarter. May Hill Capital LLC lifted its stake in shares of Mastercard by 34.0% in the second quarter. May Hill Capital LLC now owns 1,321 shares of the credit services provider’s stock worth $742,000 after acquiring an additional 335 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in shares of Mastercard by 12.4% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 211,339 shares of the credit services provider’s stock worth $118,760,000 after acquiring an additional 23,300 shares in the last quarter. Finally, Advisory Alpha LLC lifted its stake in shares of Mastercard by 16.0% in the second quarter. Advisory Alpha LLC now owns 2,237 shares of the credit services provider’s stock worth $1,258,000 after acquiring an additional 308 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Activity at Mastercard

In other news, CFO J. Mehra Sachin sold 17,816 shares of the company’s stock in a transaction that occurred 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 directly owned 31,234 shares of the company’s stock, valued at approximately $18,330,922.26. This represents a 36.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on MA shares. Morgan Stanley boosted their price target on Mastercard from $639.00 to $661.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. TD Cowen restated a “buy” rating and set a $645.00 price objective on shares of Mastercard in a research note on Monday, August 11th. Robert W. Baird upped their price objective on Mastercard from $640.00 to $660.00 and gave the company an “outperform” rating in a research note on Monday, October 6th. Deutsche Bank Aktiengesellschaft initiated coverage on Mastercard in a research note on Thursday, July 17th. They set a “buy” rating and a $650.00 price objective on the stock. Finally, Royal Bank Of Canada upped their price objective on Mastercard from $650.00 to $656.00 and gave the company an “outperform” rating in a research note on Friday, August 1st. Five investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $638.96.

Mastercard Stock Down 0.4%

NYSE:MA opened at $571.51 on Tuesday. The firm has a market capitalization of $516.65 billion, a PE ratio of 38.54, a price-to-earnings-growth ratio of 2.35 and a beta of 0.97. The stock has a 50 day moving average of $579.25 and a 200-day moving average of $566.75. Mastercard Incorporated has a 52 week low of $465.59 and a 52 week high of $601.77. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, beating the consensus estimate of $4.05 by $0.10. The company had revenue of $8.13 billion during the quarter, compared to analyst estimates of $7.95 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The business’s revenue was up 16.8% compared to the same quarter last year. During the same period in the prior year, the company earned $3.50 earnings per share. Analysts predict 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 issued a dividend of $0.76 per share. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. Mastercard’s dividend payout ratio is 20.50%.

Mastercard Company 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.