Mastercard Inc (MA) Shares Sold by Summit X LLC

Share on StockTwits

Summit X LLC trimmed its position in Mastercard Inc (NYSE:MA) by 9.9% in the third quarter, HoldingsChannel reports. The institutional investor owned 11,823 shares of the credit services provider’s stock after selling 1,306 shares during the quarter. Mastercard comprises approximately 1.3% of Summit X LLC’s portfolio, making the stock its 21st largest holding. Summit X LLC’s holdings in Mastercard were worth $2,625,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in Mastercard in the second quarter valued at approximately $109,000. Fort L.P. bought a new position in shares of Mastercard in the second quarter worth $120,000. Carroll Financial Associates Inc. increased its holdings in shares of Mastercard by 87.2% in the second quarter. Carroll Financial Associates Inc. now owns 644 shares of the credit services provider’s stock worth $126,000 after purchasing an additional 300 shares during the period. Point72 Hong Kong Ltd bought a new position in shares of Mastercard in the second quarter worth $131,000. Finally, Bogart Wealth LLC increased its holdings in shares of Mastercard by 434.7% in the third quarter. Bogart Wealth LLC now owns 663 shares of the credit services provider’s stock worth $148,000 after purchasing an additional 539 shares during the period. 74.43% of the stock is owned by institutional investors and hedge funds.

In related news, Director Richard K. Davis acquired 2,475 shares of Mastercard stock in a transaction dated Friday, November 2nd. The shares were purchased at an average cost of $196.37 per share, with a total value of $486,015.75. Following the completion of the purchase, the director now owns 3,468 shares of the company’s stock, valued at $681,011.16. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.32% of the stock is currently owned by company insiders.

Several research analysts have recently weighed in on MA shares. SunTrust Banks upped their price target on shares of Mastercard to $240.00 and gave the stock a “buy” rating in a report on Friday, July 27th. They noted that the move was a valuation call. Credit Suisse Group upped their price target on shares of Mastercard from $210.00 to $224.00 and gave the stock an “outperform” rating in a report on Monday, October 8th. Wolfe Research started coverage on shares of Mastercard in a report on Tuesday, July 17th. They issued an “outperform” rating on the stock. Loop Capital set a $232.00 price target on shares of Mastercard and gave the stock a “buy” rating in a report on Wednesday, October 31st. Finally, BMO Capital Markets upped their price target on shares of Mastercard from $238.00 to $248.00 and gave the stock an “outperform” rating in a report on Thursday, November 1st. Three analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and two have assigned a strong buy rating to the company. Mastercard has a consensus rating of “Buy” and an average price target of $219.24.

MA opened at $199.15 on Wednesday. The firm has a market capitalization of $205.32 billion, a P/E ratio of 43.48, a PEG ratio of 1.69 and a beta of 1.22. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 1.01. Mastercard Inc has a 52 week low of $140.61 and a 52 week high of $225.35.

Mastercard (NYSE:MA) last released its earnings results on Tuesday, October 30th. The credit services provider reported $1.78 EPS for the quarter, beating the Zacks’ consensus estimate of $1.68 by $0.10. The business had revenue of $3.90 billion for the quarter, compared to analysts’ expectations of $3.86 billion. Mastercard had a return on equity of 114.58% and a net margin of 35.88%. The firm’s revenue was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.34 earnings per share. As a group, sell-side analysts anticipate that Mastercard Inc will post 6.43 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 9th. Stockholders of record on Tuesday, October 9th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, October 5th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.50%. Mastercard’s dividend payout ratio (DPR) is currently 21.83%.

ILLEGAL ACTIVITY NOTICE: This news story was originally published by Macon Daily and is the property of of Macon Daily. If you are reading this news story on another site, it was illegally copied and republished in violation of United States and international copyright legislation. The correct version of this news story can be viewed at https://macondaily.com/2018/11/07/mastercard-inc-ma-shares-sold-by-summit-x-llc.html.

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.

Further Reading: How Do You Calculate Return on Equity (ROE)?

Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Inc (NYSE:MA).

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply