Watch Point Trust Co raised its position in shares of Mastercard Inc (NYSE:MA) by 6.5% in the third quarter, Holdings Channel reports. The firm owned 14,692 shares of the credit services provider’s stock after buying an additional 895 shares during the period. Mastercard accounts for 2.1% of Watch Point Trust Co’s investment portfolio, making the stock its 17th largest holding. Watch Point Trust Co’s holdings in Mastercard were worth $3,990,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. DeDora Capital Inc. raised its stake in shares of Mastercard by 4.4% in the 2nd quarter. DeDora Capital Inc. now owns 4,850 shares of the credit services provider’s stock valued at $1,283,000 after acquiring an additional 203 shares in the last quarter. Smith Asset Management Group LP bought a new position in shares of Mastercard in the 2nd quarter valued at approximately $18,541,000. Dearborn Partners LLC raised its stake in shares of Mastercard by 3.5% in the 2nd quarter. Dearborn Partners LLC now owns 140,223 shares of the credit services provider’s stock valued at $37,093,000 after acquiring an additional 4,762 shares in the last quarter. World Asset Management Inc raised its stake in shares of Mastercard by 1.2% in the 2nd quarter. World Asset Management Inc now owns 61,819 shares of the credit services provider’s stock valued at $16,353,000 after acquiring an additional 755 shares in the last quarter. Finally, Brightworth raised its stake in shares of Mastercard by 18.4% in the 2nd quarter. Brightworth now owns 3,852 shares of the credit services provider’s stock valued at $1,019,000 after acquiring an additional 599 shares in the last quarter. 74.21% of the stock is owned by institutional investors.
Shares of NYSE:MA traded up $2.10 during trading on Friday, hitting $274.89. 2,200,430 shares of the stock were exchanged, compared to its average volume of 3,524,577. Mastercard Inc has a 1-year low of $171.89 and a 1-year high of $293.69. The company has a market capitalization of $272.92 billion, a price-to-earnings ratio of 42.36, a price-to-earnings-growth ratio of 2.19 and a beta of 1.04. The company’s fifty day simple moving average is $272.40 and its 200-day simple moving average is $267.53. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.39 and a current ratio of 1.39.
Mastercard (NYSE:MA) last announced its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $2.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.01 by $0.14. Mastercard had a return on equity of 146.92% and a net margin of 42.50%. The company had revenue of $4.47 billion for the quarter, compared to analyst estimates of $4.41 billion. During the same quarter last year, the firm earned $1.78 EPS. Mastercard’s revenue for the quarter was up 14.6% compared to the same quarter last year. On average, research analysts forecast that Mastercard Inc will post 7.69 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th were issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 0.48%. The ex-dividend date was Tuesday, October 8th. Mastercard’s payout ratio is presently 20.34%.
MA has been the topic of a number of research analyst reports. Citigroup raised their target price on Mastercard from $288.00 to $317.00 and gave the company a “buy” rating in a report on Monday, September 9th. BMO Capital Markets raised their target price on Mastercard to $348.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. They noted that the move was a valuation call. Guggenheim set a $305.00 target price on Mastercard and gave the company a “buy” rating in a report on Friday, November 1st. Tigress Financial reaffirmed a “buy” rating on shares of Mastercard in a report on Thursday, August 22nd. Finally, Barclays raised their target price on Mastercard from $319.00 to $320.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Three analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $303.45.
In other news, Director Richard K. Davis acquired 1,735 shares of the firm’s stock in a transaction dated Monday, August 12th. The shares were bought at an average price of $270.09 per share, with a total value of $468,606.15. Following the acquisition, the director now owns 6,031 shares of the company’s stock, valued at $1,628,912.79. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael Miebach sold 2,770 shares of Mastercard stock in a transaction that occurred on Wednesday, September 4th. The stock was 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 disclosure for this sale can be found here. Insiders have sold a total of 99,080 shares of company stock worth $27,149,356 in the last three months. 3.70% of the stock is owned by insiders.
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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