BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Sells 40,964 Shares of Mastercard Incorporated (MA)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lessened its stake in Mastercard Incorporated (NYSE:MA) by 4.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 867,795 shares of the credit services provider’s stock after selling 40,964 shares during the period. Mastercard comprises about 0.8% of BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings, making the stock its 19th largest holding. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned approximately 0.08% of Mastercard worth $105,394,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Mastercard by 2.9% during the 1st quarter. Vanguard Group Inc. now owns 63,807,040 shares of the credit services provider’s stock valued at $7,176,378,000 after purchasing an additional 1,814,116 shares during the period. Clearbridge Investments LLC increased its holdings in Mastercard by 22,644.6% during the 1st quarter. Clearbridge Investments LLC now owns 1,685,146 shares of the credit services provider’s stock valued at $189,528,000 after purchasing an additional 1,677,737 shares during the period. Egerton Capital UK LLP increased its holdings in Mastercard by 60.6% during the 2nd quarter. Egerton Capital UK LLP now owns 3,923,766 shares of the credit services provider’s stock valued at $476,541,000 after purchasing an additional 1,480,425 shares during the period. Swiss National Bank increased its holdings in Mastercard by 24.6% during the 1st quarter. Swiss National Bank now owns 3,660,220 shares of the credit services provider’s stock valued at $411,665,000 after purchasing an additional 722,600 shares during the period. Finally, TCW Group Inc. increased its holdings in Mastercard by 1,000.9% during the 1st quarter. TCW Group Inc. now owns 783,757 shares of the credit services provider’s stock valued at $88,149,000 after purchasing an additional 712,562 shares during the period. 76.05% of the stock is owned by institutional investors.

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Mastercard Incorporated (NYSE MA) opened at 143.52 on Monday. The company has a market capitalization of $152.83 billion, a PE ratio of 35.61 and a beta of 1.18. The stock’s 50 day moving average price is $138.07 and its 200 day moving average price is $125.23. Mastercard Incorporated has a 12-month low of $99.51 and a 12-month high of $143.78.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, July 27th. The credit services provider reported $1.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.06. Mastercard had a net margin of 38.30% and a return on equity of 74.92%. The business had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $2.98 billion. During the same period in the previous year, the firm posted $0.96 earnings per share. The business’s revenue for the quarter was up 13.3% compared to the same quarter last year. On average, equities analysts anticipate that Mastercard Incorporated will post $4.44 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 9th. Investors of record on Friday, October 6th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $0.88 dividend on an annualized basis and a yield of 0.61%. Mastercard’s dividend payout ratio is presently 21.78%.

A number of brokerages recently issued reports on MA. Zacks Investment Research upgraded Mastercard from a “hold” rating to a “buy” rating and set a $160.00 price target on the stock in a report on Thursday, September 21st. Royal Bank Of Canada restated a “buy” rating and set a $156.00 price target on shares of Mastercard in a report on Friday, September 22nd. Morgan Stanley reiterated an “overweight” rating and set a $160.00 target price (up previously from $138.00) on shares of Mastercard in a report on Tuesday, September 19th. Buckingham Research assumed coverage on Mastercard in a report on Monday, October 2nd. They set a “buy” rating and a $163.00 target price on the stock. Finally, Cantor Fitzgerald assumed coverage on Mastercard in a report on Thursday, September 28th. They set an “overweight” rating and a $165.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-five have issued a buy rating to the stock. Mastercard has a consensus rating of “Buy” and a consensus target price of $143.08.

In related news, insider Craig Vosburg sold 14,200 shares of the business’s stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $141.86, for a total transaction of $2,014,412.00. Following the completion of the transaction, the insider now directly owns 40,646 shares in the company, valued at $5,766,041.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard Haythornthwaite sold 5,000 shares of the business’s stock

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Mastercard by 2.9% during the 1st quarter. Vanguard Group Inc. now owns 63,807,040 shares of the credit services provider’s stock valued at $7,176,378,000 after purchasing an additional 1,814,116 shares during the period. Clearbridge Investments LLC increased its holdings in Mastercard by 22,644.6% during the 1st quarter. Clearbridge Investments LLC now owns 1,685,146 shares of the credit services provider’s stock valued at $189,528,000 after purchasing an additional 1,677,737 shares during the period. Egerton Capital UK LLP increased its holdings in Mastercard by 60.6% during the 2nd quarter. Egerton Capital UK LLP now owns 3,923,766 shares of the credit services provider’s stock valued at $476,541,000 after purchasing an additional 1,480,425 shares during the period. Swiss National Bank increased its holdings in Mastercard by 24.6% during the 1st quarter. Swiss National Bank now owns 3,660,220 shares of the credit services provider’s stock valued at $411,665,000 after purchasing an additional 722,600 shares during the period. Finally, TCW Group Inc. increased its holdings in Mastercard by 1,000.9% during the 1st quarter. TCW Group Inc. now owns 783,757 shares of the credit services provider’s stock valued at $88,149,000 after purchasing an additional 712,562 shares during the period. 76.05% of the stock is owned by institutional investors.

COPYRIGHT VIOLATION NOTICE: This piece was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece on another domain, it was stolen and reposted in violation of United States and international copyright and trademark law. The original version of this piece can be viewed at https://ledgergazette.com/2017/10/09/british-columbia-investment-management-corp-sells-40964-shares-of-mastercard-incorporated-ma.html.

Mastercard Incorporated (NYSE MA) opened at 143.52 on Monday. The company has a market capitalization of $152.83 billion, a PE ratio of 35.61 and a beta of 1.18. The stock’s 50 day moving average price is $138.07 and its 200 day moving average price is $125.23. Mastercard Incorporated has a 12-month low of $99.51 and a 12-month high of $143.78.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, July 27th. The credit services provider reported $1.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.06. Mastercard had a net margin of 38.30% and a return on equity of 74.92%. The business had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $2.98 billion. During the same period in the previous year, the firm posted $0.96 earnings per share. The business’s revenue for the quarter was up 13.3% compared to the same quarter last year. On average, equities analysts anticipate that Mastercard Incorporated will post $4.44 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 9th. Investors of record on Friday, October 6th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $0.88 dividend on an annualized basis and a yield of 0.61%. Mastercard’s dividend payout ratio is presently 21.78%.

A number of brokerages recently issued reports on MA. Zacks Investment Research upgraded Mastercard from a “hold” rating to a “buy” rating and set a $160.00 price target on the stock in a report on Thursday, September 21st. Royal Bank Of Canada restated a “buy” rating and set a $156.00 price target on shares of Mastercard in a report on Friday, September 22nd. Morgan Stanley reiterated an “overweight” rating and set a $160.00 target price (up previously from $138.00) on shares of Mastercard in a report on Tuesday, September 19th. Buckingham Research assumed coverage on Mastercard in a report on Monday, October 2nd. They set a “buy” rating and a $163.00 target price on the stock. Finally, Cantor Fitzgerald assumed coverage on Mastercard in a report on Thursday, September 28th. They set an “overweight” rating and a $165.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-five have issued a buy rating to the stock. Mastercard has a consensus rating of “Buy” and a consensus target price of $143.08.

In related news, insider Craig Vosburg sold 14,200 shares of the business’s stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $141.86, for a total transaction of $2,014,412.00. Following the completion of the transaction, the insider now directly owns 40,646 shares in the company, valued at $5,766,041.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard Haythornthwaite sold 5,000 shares of the business’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $142.51, for a total transaction of $712,550.00. Following the transaction, the director now owns 45,278 shares of the company’s stock, valued at $6,452,567.78. The disclosure for this sale can be found here. Insiders have sold 869,668 shares of company stock valued at $112,301,656 over the last 90 days. 0.30% of the stock is currently owned by insiders.

Mastercard Profile

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 operates through Payment Solutions segment. 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.

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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