Linscomb & Williams Inc. raised its stake in shares of Mastercard Inc (NYSE:MA) by 3.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,492 shares of the credit services provider’s stock after buying an additional 353 shares during the period. Linscomb & Williams Inc.’s holdings in Mastercard were worth $2,258,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in MA. Greenwood Capital Associates LLC grew its position in Mastercard by 2.7% during the second quarter. Greenwood Capital Associates LLC now owns 35,427 shares of the credit services provider’s stock valued at $6,962,000 after buying an additional 920 shares during the period. Rational Advisors LLC increased its stake in Mastercard by 6.1% during the 2nd quarter. Rational Advisors LLC now owns 10,608 shares of the credit services provider’s stock worth $2,085,000 after buying an additional 611 shares during the period. Merit Financial Group LLC purchased a new stake in Mastercard during the 2nd quarter worth approximately $477,000. Aspiriant LLC grew its holdings in Mastercard by 73.1% during the 2nd quarter. Aspiriant LLC now owns 4,463 shares of the credit services provider’s stock worth $877,000 after acquiring an additional 1,884 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. acquired a new position in Mastercard during the 2nd quarter worth approximately $200,000. Institutional investors and hedge funds own 74.43% of the company’s stock.

In other Mastercard news, CFO Martina Hundmejean sold 69,817 shares of the company’s stock in a transaction that occurred on Wednesday, August 1st. The stock was sold at an average price of $200.35, for a total transaction of $13,987,835.95. Following the completion of the sale, the chief financial officer now owns 128,905 shares of the company’s stock, valued at $25,826,116.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.32% of the stock is owned by corporate insiders.

MA has been the subject of several research analyst reports. Royal Bank of Canada upped their target price on shares of Mastercard from $223.00 to $232.00 and gave the company an “outperform” rating in a report on Tuesday, September 11th. They noted that the move was a valuation call. Morgan Stanley upped their price target on shares of Mastercard from $224.00 to $228.00 and gave the company an “overweight” rating in a research report on Friday, July 27th. Buckingham Research upped their price target on shares of Mastercard from $222.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, July 27th. SunTrust Banks upped their price objective on shares of Mastercard to $240.00 and gave the stock a “buy” rating in a research report on Friday, July 27th. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. raised their target price on shares of Mastercard from $202.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday, July 27th. Four research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $208.56.

NYSE:MA traded up $0.74 on Friday, hitting $217.96. 2,601,636 shares of the company’s stock traded hands, compared to its average volume of 2,645,862. The stock has a market cap of $222.26 billion, a PE ratio of 47.59, a price-to-earnings-growth ratio of 1.76 and a beta of 1.19. Mastercard Inc has a 1 year low of $137.75 and a 1 year high of $218.82. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.51 and a quick ratio of 1.51.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, July 26th. The credit services provider reported $1.66 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.53 by $0.13. The business had revenue of $3.67 billion during the quarter, compared to analysts’ expectations of $3.65 billion. Mastercard had a return on equity of 103.82% and a net margin of 33.81%. The firm’s quarterly revenue was up 20.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.10 EPS. equities research analysts anticipate that Mastercard Inc will post 6.41 earnings per share for the current year.

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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