Published: Wed, November 01, 2017
Economy | By Shawn Conner

Sells 754176 Shares of Mastercard Incorporated (MA)

Sells 754176 Shares of Mastercard Incorporated (MA)

The Purchase, NY-based credit card issuer reported Q3 earnings per share (EPS) of $1.34, which was $0.11 better than the Wall Street consensus estimate of $1.23.

Looking forward, the company's quarterly earnings are expected to come at $0.84 in the three months through December 2017 and $0.91 in the quarter ending March 2018, reflecting 25.37% and 8.33% growth, respectively. The shares were sold at an average price of $102.83, for a total transaction of $2,489,308.64. Stockholders of record on Friday, October 6th will be paid a dividend of $0.22 per share. Concert Wealth Management Inc. lifted its holdings in Mastercard by 0.3% during the 1st quarter.

Korea Investment Corp sold 9,400 shares during the last quarter decreasing its exposure to Mastercard Incorporated by 1.4%.

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In terms of earnings per share, 34 analysts have a 1.11 EPS mean target for the quarter ending Dec-17, for the quarter ending Mar-18, 29 analysts have a 1.19 EPS mean target and for the quarter ending Mar-18 there are 35 estimates of 4.44 EPS. Janus Henderson Group PLC now owns 16,870,229 shares of the credit services provider's stock valued at $2,048,899,000 after buying an additional 14,962,583 shares in the last quarter. If the published price targets set by Mastercard Incorporated analysts have any power to influence the stock's share price, the highest price target set for MA is $185.

It is trading at $148.95 barely above the 50 day moving average which is $143.64 and significantly higher than the 200 day moving average of $129.40. Next quarter's EPS is forecasted to be $1.11 with next year's EPS projected to be $5.29. Vanguard Group Inc. now owns 65,297,307 shares of the credit services provider's stock valued at $7,930,357,000 after buying an additional 1,490,267 shares in the last quarter.

Investors are always on the look for the next great stock to own.

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Receive Mastercard Incorporated News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard Incorporated with's FREE daily email newsletter. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Following the completion of the sale, the insider now directly owns 112,386,209 shares in the company, valued at $14,479,839,167.56. The stock was sold at an average price of $128.84, for a total transaction of $11,288,703.12. The disclosure for this sale can be found here. The portion of a company's profit allocated to each outstanding share of common stock was $3.11 a share in the trailing twelve months. Insiders own 0.30% of the company's stock. Alpha Windward LLC increased its position in shares of MasterCard by 1.0% in the third quarter. Proficio Capital Partners LLC now owns 893 shares of the credit services provider's stock worth $108,000 after buying an additional 464 shares in the last quarter. The 50 day moving average was up $5.31 whereas the 200 day average was up by +15.11%. MasterCard's dividend payout ratio (DPR) is presently 20.99%.

MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.

The TTM operating margin for the company stands at 54.2%.

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