Lucia Wealth Services LLC decreased its position in shares of Mastercard Inc (NYSE:MA) by 6.5% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,100 shares of the credit services provider’s stock after selling 355 shares during the quarter. Lucia Wealth Services LLC’s holdings in Mastercard were worth $1,385,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Joseph P. Lucia & Associates LLC purchased a new position in shares of Mastercard during the 2nd quarter valued at $26,000. Ellevest Inc. lifted its stake in shares of Mastercard by 52.8% during the 2nd quarter. Ellevest Inc. now owns 110 shares of the credit services provider’s stock valued at $29,000 after buying an additional 38 shares in the last quarter. Evolution Wealth Advisors LLC purchased a new position in shares of Mastercard during the 2nd quarter valued at $31,000. Delphi Private Advisors LLC purchased a new position in shares of Mastercard during the 2nd quarter valued at $31,000. Finally, Princeton Global Asset Management LLC purchased a new position in shares of Mastercard during the 2nd quarter valued at $33,000. Institutional investors own 74.30% of the company’s stock.
In other news, insider Michael Miebach sold 2,770 shares of the business’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $285.00, for a total value of $789,450.00. Following the sale, the insider now directly owns 12,778 shares in the company, valued at approximately $3,641,730. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Foundation Mastercard sold 23,850 shares of the business’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $279.47, for a total transaction of $6,665,359.50. Following the completion of the sale, the insider now owns 112,102,262 shares in the company, valued at $31,329,219,161.14. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 140,143 shares of company stock worth $38,535,340. Insiders own 3.70% of the company’s stock.
Shares of Mastercard stock traded up $5.17 during trading hours on Wednesday, reaching $272.24. The company’s stock had a trading volume of 2,176,236 shares, compared to its average volume of 3,513,677. The firm has a 50 day moving average price of $276.08 and a 200-day moving average price of $261.83. Mastercard Inc has a one year low of $171.89 and a one year high of $293.69. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.49 and a quick ratio of 1.49. The stock has a market cap of $278.05 billion, a P/E ratio of 41.95, a P/E/G ratio of 2.27 and a beta of 1.06.
Mastercard (NYSE:MA) last posted its earnings results on Tuesday, July 30th. The credit services provider reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.82 by $0.07. Mastercard had a net margin of 42.71% and a return on equity of 135.02%. The firm had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $4.08 billion. During the same period in the previous year, the firm posted $1.66 EPS. The business’s quarterly revenue was up 12.2% on a year-over-year basis. As a group, sell-side analysts forecast that Mastercard Inc will post 7.61 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be issued a $0.33 dividend. The ex-dividend date is Tuesday, October 8th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.48%. Mastercard’s dividend payout ratio (DPR) is presently 20.34%.
Several analysts have commented on the stock. Raymond James boosted their price target on shares of Mastercard from $300.00 to $308.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. BMO Capital Markets set a $328.00 price target on shares of Mastercard and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Barclays boosted their price target on shares of Mastercard from $310.00 to $319.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Tigress Financial reiterated a “buy” rating on shares of Mastercard in a research note on Thursday, August 22nd. Finally, Argus boosted their price target on shares of Mastercard to $320.00 and gave the stock an “average” rating in a research note on Wednesday, July 31st. Three equities research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $299.09.
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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