State of Alaska Department of Revenue cut its position in Mastercard Inc (NYSE:MA) by 1.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 126,764 shares of the credit services provider’s stock after selling 1,779 shares during the period. Mastercard comprises 0.6% of State of Alaska Department of Revenue’s portfolio, making the stock its 28th largest holding. State of Alaska Department of Revenue’s holdings in Mastercard were worth $33,530,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Farmers & Merchants Investments Inc. lifted its position 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 last quarter. Contravisory Investment Management Inc. lifted its position 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 last quarter. Northwest Quadrant Wealth Management LLC lifted its position 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 last quarter. Mechanics Bank Trust Department lifted its position in Mastercard by 3.8% during the first quarter. Mechanics Bank Trust Department now owns 1,245 shares of the credit services provider’s stock valued at $293,000 after purchasing an additional 45 shares during the last quarter. Finally, Eukles Asset Management lifted its holdings in shares of Mastercard by 0.3% in the 1st 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 last quarter. 74.41% of the stock is owned by hedge funds and other institutional investors.

MA stock traded down $0.31 during trading on Monday, hitting $281.77. The company had a trading volume of 2,117,035 shares, compared to its average volume of 2,454,807. The stock has a market cap of $288.14 billion, a price-to-earnings ratio of 43.42, a P/E/G ratio of 2.21 and a beta of 1.08. Mastercard Inc has a 52-week low of $171.89 and a 52-week high of $282.29. The firm has a 50 day moving average of $269.58. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.40 and a quick ratio of 1.41.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Tuesday, April 30th. The credit services provider reported $1.78 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.66 by $0.12. The company had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.86 billion. Mastercard had a net margin of 40.82% and a return on equity of 129.95%. The firm’s revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.50 EPS. As a group, analysts anticipate that Mastercard Inc will post 7.6 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Tuesday, July 9th will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend is Monday, July 8th. Mastercard’s dividend payout ratio is presently 20.34%.

Several equities research analysts have recently issued reports on MA shares. Morgan Stanley raised their target price on shares of Visa from $175.00 to $191.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. Barclays set a $89.00 target price on shares of Franco Nevada and gave the stock a “hold” rating in a report on Friday, July 19th. Oppenheimer set a $119.00 target price on shares of American Express and gave the stock a “buy” rating in a report on Wednesday, April 17th. KeyCorp restated a “buy” rating and issued a $158.00 target price on shares of Tableau Software in a report on Friday, May 3rd. Finally, Wells Fargo & Co raised their target price on shares of Apollo Global Management from $38.00 to $42.00 and gave the stock an “outperform” rating in a report on Wednesday, July 10th. One research analyst has rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $275.44.

In other Mastercard news, CEO Ajay Banga sold 252,600 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $250.92, for a total transaction of $63,382,392.00. Following the transaction, the chief executive officer now owns 427,638 shares of the company’s stock, valued at approximately $107,302,926.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Foundation Mastercard sold 7,950 shares of the firm’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $281.12, for a total transaction of $2,234,904.00. Following the transaction, the insider now directly owns 112,126,112 shares in the company, valued at approximately $31,520,892,605.44. The disclosure for this sale can be found here. Insiders sold a total of 356,488 shares of company stock worth $91,166,858 in the last ninety days. 3.70% of the stock is currently owned by insiders.

Mastercard 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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