HCR Wealth Advisors lifted its holdings in Mastercard Inc (NYSE:MA) by 4.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,164 shares of the credit services provider’s stock after acquiring an additional 50 shares during the period. HCR Wealth Advisors’ holdings in Mastercard were worth $220,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also bought and sold shares of MA. New Capital Management LP boosted its stake in Mastercard by 50.0% during the 4th quarter. New Capital Management LP now owns 150 shares of the credit services provider’s stock valued at $28,000 after purchasing an additional 50 shares during the last quarter. Adirondack Trust Co. boosted its stake in Mastercard by 11.4% during the 4th quarter. Adirondack Trust Co. now owns 556 shares of the credit services provider’s stock valued at $105,000 after purchasing an additional 57 shares during the last quarter. Cornerstone Advisors Inc. boosted its stake in Mastercard by 3.0% during the 3rd quarter. Cornerstone Advisors Inc. now owns 2,028 shares of the credit services provider’s stock valued at $451,000 after purchasing an additional 60 shares during the last quarter. Resource Management LLC boosted its stake in Mastercard by 6.0% during the 4th quarter. Resource Management LLC now owns 1,189 shares of the credit services provider’s stock valued at $224,000 after purchasing an additional 67 shares during the last quarter. Finally, Norris Perne & French LLP MI boosted its stake in Mastercard by 3.9% during the 4th quarter. Norris Perne & French LLP MI now owns 1,870 shares of the credit services provider’s stock valued at $353,000 after purchasing an additional 70 shares during the last quarter. 81.33% of the stock is owned by hedge funds and other institutional investors.
In related news, insider Edward Grunde Mclaughlin sold 20,269 shares of the company’s stock in a transaction that occurred on Tuesday, January 22nd. The stock was sold at an average price of $199.53, for a total value of $4,044,273.57. Following the transaction, the insider now owns 37,374 shares in the company, valued at $7,457,234.22. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Richard Haythornthwaite sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, December 17th. The shares were sold at an average price of $192.00, for a total value of $960,000.00. Following the completion of the transaction, the director now owns 40,183 shares in the company, valued at approximately $7,715,136. The disclosure for this sale can be found here. 0.32% of the stock is owned by insiders.
Shares of NYSE MA opened at $217.10 on Tuesday. Mastercard Inc has a twelve month low of $165.58 and a twelve month high of $225.35. The company has a market capitalization of $223.68 billion, a PE ratio of 33.45, a price-to-earnings-growth ratio of 1.73 and a beta of 1.11. The company has a current ratio of 1.39, a quick ratio of 1.55 and a debt-to-equity ratio of 1.08.
Mastercard (NYSE:MA) last announced its earnings results on Thursday, January 31st. The credit services provider reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.03. Mastercard had a return on equity of 122.25% and a net margin of 39.19%. The firm had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.79 billion. On average, analysts forecast that Mastercard Inc will post 7.55 EPS for the current fiscal year.
Mastercard declared that its board has approved a stock repurchase plan on Tuesday, December 4th that permits the company to repurchase $6.50 billion in outstanding shares. This repurchase authorization permits the credit services provider to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Tuesday, April 9th will be paid a $0.33 dividend. The ex-dividend date is Monday, April 8th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.61%. Mastercard’s payout ratio is presently 20.34%.
A number of equities analysts have issued reports on the company. Oppenheimer lifted their price target on Mastercard from $221.00 to $242.00 and gave the company an “outperform” rating in a research note on Monday, February 4th. Barclays reiterated a “buy” rating on shares of Mastercard in a research note on Sunday, February 3rd. Zacks Investment Research upgraded Mastercard from a “hold” rating to a “buy” rating and set a $216.00 price target for the company in a research note on Thursday, November 29th. Jefferies Financial Group assumed coverage on Mastercard in a research note on Monday, January 28th. They set a “buy” rating for the company. Finally, BMO Capital Markets lifted their price target on Mastercard from $238.00 to $248.00 and gave the company an “outperform” rating in a research note on Thursday, November 1st. Three research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the company. Mastercard presently has an average rating of “Buy” and a consensus price target of $224.75.
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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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