Ferguson Wellman Capital Management Inc. reduced its holdings in Mastercard Incorporated (NYSE:MA) by 4.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,535 shares of the credit services provider’s stock after selling 653 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in Mastercard were worth $2,351,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Boys Arnold & Co. Inc. raised its holdings in Mastercard by 7.8% in the second quarter. Boys Arnold & Co. Inc. now owns 5,006 shares of the credit services provider’s stock worth $608,000 after purchasing an additional 363 shares during the period. OMERS ADMINISTRATION Corp acquired a new stake in Mastercard in the second quarter worth $2,351,000. Baldwin Investment Management LLC raised its holdings in Mastercard by 5.9% in the second quarter. Baldwin Investment Management LLC now owns 3,600 shares of the credit services provider’s stock worth $437,000 after purchasing an additional 200 shares during the period. Captrust Financial Advisors acquired a new stake in Mastercard in the second quarter worth $172,000. Finally, Royal Bank of Canada raised its holdings in Mastercard by 1.2% in the second quarter. Royal Bank of Canada now owns 4,136,794 shares of the credit services provider’s stock worth $502,413,000 after purchasing an additional 50,050 shares during the period. Institutional investors and hedge funds own 75.66% of the company’s stock.
Several research firms have weighed in on MA. Cantor Fitzgerald increased their target price on shares of Mastercard to $198.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. Vetr upgraded shares of Mastercard from a “sell” rating to a “buy” rating and set a $182.50 target price on the stock in a report on Thursday. Loop Capital increased their target price on shares of Mastercard to $193.00 and gave the stock a “positive” rating in a report on Friday, February 2nd. They noted that the move was a valuation call. Argus raised shares of Mastercard from a “hold” rating to a “buy” rating and set a $200.00 price objective for the company in a research report on Friday, February 2nd. Finally, Piper Jaffray Companies increased their price objective on shares of Mastercard from $208.00 to $212.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Two equities research analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $177.40.
Mastercard Incorporated (MA) opened at $174.69 on Friday. The firm has a market cap of $184,940.00, a price-to-earnings ratio of 39.08, a P/E/G ratio of 1.58 and a beta of 1.26. Mastercard Incorporated has a 12-month low of $108.89 and a 12-month high of $177.11. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.57 and a quick ratio of 1.66.
Mastercard (NYSE:MA) last released its earnings results on Thursday, February 1st. The credit services provider reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.02. The business had revenue of $3.31 billion during the quarter, compared to the consensus estimate of $3.25 billion. Mastercard had a net margin of 31.33% and a return on equity of 83.57%. The firm’s revenue for the quarter was up 20.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.86 earnings per share. equities analysts forecast that Mastercard Incorporated will post 5.88 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 9th. Shareholders of record on Monday, April 9th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend is Friday, April 6th. Mastercard’s dividend payout ratio is currently 22.37%.
Mastercard announced that its Board of Directors has approved a share repurchase plan on Monday, December 4th that permits the company to repurchase $4.00 billion in 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 board of directors believes its stock is undervalued.
In other Mastercard news, insider Edward Grunde Mclaughlin sold 17,167 shares of the stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $151.81, for a total value of $2,606,122.27. Following the completion of the sale, the insider now owns 47,901 shares in the company, valued at $7,271,850.81. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.30% of the company’s stock.
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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.
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