Mariner Wealth Advisors LLC increased its position in Mastercard (NYSE:MA) by 2.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 52,210 shares of the credit services provider’s stock after purchasing an additional 1,003 shares during the quarter. Mariner Wealth Advisors LLC’s holdings in Mastercard were worth $7,902,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of MA. Community Bank N.A. raised its holdings in shares of Mastercard by 119.7% in the 4th quarter. Community Bank N.A. now owns 670 shares of the credit services provider’s stock valued at $101,000 after purchasing an additional 365 shares during the period. Massey Quick Simon & CO. LLC bought a new stake in shares of Mastercard in the 3rd quarter valued at about $102,000. Wealthcare Advisory Partners LLC bought a new stake in shares of Mastercard in the 3rd quarter valued at about $106,000. Horan Capital Advisors LLC. bought a new position in Mastercard in the 3rd quarter valued at about $131,000. Finally, Cerebellum GP LLC bought a new position in Mastercard in the 4th quarter valued at about $133,000. 76.04% of the stock is currently owned by institutional investors.
In other Mastercard news, insider Edward Grunde Mclaughlin sold 17,167 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now owns 47,901 shares in the company, valued at $7,271,850.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director David R. Carlucci sold 5,950 shares of the firm’s stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $183.10, for a total transaction of $1,089,445.00. The disclosure for this sale can be found here. Company insiders own 0.30% of the company’s stock.
Shares of Mastercard (NYSE:MA) opened at $180.58 on Tuesday. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.99. The stock has a market cap of $191,930.16, a P/E ratio of 49.47, a P/E/G ratio of 1.68 and a beta of 1.17. Mastercard has a 52-week low of $110.33 and a 52-week high of $183.73.
Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, February 1st. The credit services provider reported $1.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.02. The business had revenue of $3.31 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the business posted $0.86 EPS. analysts forecast that Mastercard will post 5.93 earnings per share for the current fiscal year.
Mastercard announced that its Board of Directors has authorized a share repurchase plan on Monday, December 4th that authorizes the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization authorizes the credit services provider to buy shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 9th. Investors of record on Monday, April 9th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, April 6th. This represents a $1.00 annualized dividend and a dividend yield of 0.55%. Mastercard’s dividend payout ratio is 27.40%.
MA has been the topic of several research analyst reports. Vetr raised shares of Mastercard from a “hold” rating to a “buy” rating and set a $182.50 price target on the stock in a report on Wednesday, February 21st. Royal Bank of Canada cut shares of Mastercard from a “top pick” rating to an “outperform” rating and set a $130.00 price target on the stock. in a report on Thursday, January 4th. Guggenheim reissued a “buy” rating and issued a $201.00 price target on shares of Mastercard in a report on Friday, February 2nd. Piper Jaffray Companies increased their price target on shares of Mastercard from $208.00 to $212.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. Finally, Credit Suisse Group reissued a “hold” rating and issued a $164.00 price target on shares of Mastercard in a report on Monday, January 8th. Two investment analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $177.40.
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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