Capital Asset Advisory Services LLC lowered its stake in shares of Mastercard Inc (NYSE:MA) by 4.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,275 shares of the credit services provider’s stock after selling 205 shares during the period. Capital Asset Advisory Services LLC’s holdings in Mastercard were worth $806,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. Focused Wealth Management Inc acquired a new stake in shares of Mastercard during the fourth quarter worth about $25,000. Ruggie Capital Group acquired a new stake in Mastercard in the 4th quarter valued at approximately $27,000. New Capital Management LP raised its position in Mastercard by 50.0% in the 4th quarter. New Capital Management LP now owns 150 shares of the credit services provider’s stock valued at $28,000 after buying an additional 50 shares during the last quarter. Avondale Wealth Management acquired a new stake in Mastercard in the 4th quarter valued at approximately $28,000. Finally, Intercontinental Wealth Advisors LLC acquired a new stake in Mastercard in the 4th quarter valued at approximately $36,000. Hedge funds and other institutional investors own 81.33% of the company’s stock.
NYSE:MA opened at $220.54 on Thursday. The company has a market cap of $226.09 billion, a price-to-earnings ratio of 33.98, a P/E/G ratio of 1.73 and a beta of 1.11. Mastercard Inc has a twelve month low of $167.94 and a twelve month high of $225.35. 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 posted its quarterly earnings results on Thursday, January 31st. The credit services provider reported $1.55 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.52 by $0.03. The firm had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.79 billion. Mastercard had a return on equity of 122.25% and a net margin of 39.19%. Research analysts forecast that Mastercard Inc will post 7.55 EPS for the current fiscal year.
Mastercard declared that its Board of Directors has approved a stock buyback program on Tuesday, December 4th that allows the company to buyback $6.50 billion in shares. This buyback authorization allows the credit services provider to repurchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.
The business also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Tuesday, April 9th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 0.60%. The ex-dividend date is Monday, April 8th. Mastercard’s dividend payout ratio (DPR) is 20.34%.
In other news, insider Edward Grunde Mclaughlin sold 20,269 shares of Mastercard stock in a transaction that occurred on Tuesday, January 22nd. The stock was sold at an average price of $199.53, for a total transaction of $4,044,273.57. Following the completion of the transaction, the insider now directly owns 37,374 shares in the company, valued at approximately $7,457,234.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard Haythornthwaite sold 5,000 shares of Mastercard stock in a transaction that occurred on Monday, December 17th. The stock was sold at an average price of $192.00, for a total value of $960,000.00. Following the transaction, the director now owns 40,183 shares of the company’s stock, valued at $7,715,136. The disclosure for this sale can be found here. 0.32% of the stock is owned by insiders.
A number of brokerages recently issued reports on MA. Oppenheimer lifted their target price on Mastercard from $221.00 to $242.00 and gave the company an “outperform” rating in a research report on Monday, February 4th. Barclays reissued a “buy” rating on shares of Mastercard in a research report on Sunday, February 3rd. Zacks Investment Research raised Mastercard from a “hold” rating to a “buy” rating and set a $216.00 target price on the stock in a research report on Thursday, November 29th. Jefferies Financial Group began coverage on Mastercard in a research report on Monday, January 28th. They issued a “buy” rating on the stock. Finally, BMO Capital Markets lifted their target price on Mastercard from $238.00 to $248.00 and gave the company an “outperform” rating in a research report on Thursday, November 1st. Three equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the stock. The stock 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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