Mastercard Incorporated (MA) Shares Bought by SVA Plumb Wealth Management LLC
SVA Plumb Wealth Management LLC raised its stake in Mastercard Incorporated (NYSE:MA) by 4.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,909 shares of the credit services provider’s stock after buying an additional 1,162 shares during the period. SVA Plumb Wealth Management LLC’s holdings in Mastercard were worth $3,251,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in the company. Integrated Investment Consultants LLC increased its stake in Mastercard by 260.0% in the first quarter. Integrated Investment Consultants LLC now owns 900 shares of the credit services provider’s stock valued at $101,000 after buying an additional 650 shares during the last quarter. Lipe & Dalton purchased a new stake in Mastercard during the first quarter valued at $101,000. Kistler Tiffany Companies LLC increased its stake in Mastercard by 10.9% in the first quarter. Kistler Tiffany Companies LLC now owns 1,019 shares of the credit services provider’s stock valued at $115,000 after buying an additional 100 shares during the last quarter. First Bank & Trust increased its stake in Mastercard by 14.5% in the first quarter. First Bank & Trust now owns 1,300 shares of the credit services provider’s stock valued at $146,000 after buying an additional 165 shares during the last quarter. Finally, Tarbox Group Inc. increased its stake in Mastercard by 323.8% in the first quarter. Tarbox Group Inc. now owns 1,352 shares of the credit services provider’s stock valued at $152,000 after buying an additional 1,033 shares during the last quarter. Institutional investors and hedge funds own 75.76% of the company’s stock.
Mastercard Incorporated (NYSE:MA) opened at 129.80 on Monday. The firm has a market capitalization of $138.22 billion, a P/E ratio of 32.21 and a beta of 1.17. Mastercard Incorporated has a 52 week low of $94.41 and a 52 week high of $132.20. The stock’s 50 day moving average price is $124.99 and its 200 day moving average price is $116.49.
Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, July 27th. The credit services provider reported $1.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.06. Mastercard had a return on equity of 74.92% and a net margin of 38.30%. The firm had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter in the previous year, the business earned $0.96 earnings per share. The firm’s quarterly revenue was up 13.3% compared to the same quarter last year. On average, equities analysts expect that Mastercard Incorporated will post $4.39 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 9th. Shareholders of record on Friday, July 7th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date is Wednesday, July 5th. Mastercard’s dividend payout ratio (DPR) is presently 21.78%.
A number of equities analysts have commented on MA shares. Piper Jaffray Companies reiterated a “buy” rating on shares of Mastercard in a report on Friday, April 14th. Morgan Stanley boosted their target price on shares of Mastercard from $124.00 to $131.00 and gave the stock an “overweight” rating in a report on Tuesday, May 30th. Instinet boosted their target price on shares of Mastercard from $133.00 to $134.00 and gave the stock a “buy” rating in a report on Thursday, May 4th. Zacks Investment Research upgraded shares of Mastercard from a “sell” rating to a “hold” rating in a report on Wednesday, May 3rd. Finally, Barclays PLC boosted their target price on shares of Mastercard from $124.00 to $125.00 and gave the stock an “overweight” rating in a report on Tuesday, April 25th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company’s stock. Mastercard currently has a consensus rating of “Buy” and an average price target of $128.20.
In other Mastercard news, CFO Martina Hundmejean sold 91,107 shares of the business’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $129.79, for a total transaction of $11,824,777.53. Following the completion of the sale, the chief financial officer now owns 170,570 shares of the company’s stock, valued at $22,138,280.30. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Foundation Mastercard sold 87,618 shares of the business’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $128.84, for a total value of $11,288,703.12. Following the sale, the insider now directly owns 112,386,209 shares of the company’s stock, valued at approximately $14,479,839,167.56. The disclosure for this sale can be found here. In the last three months, insiders have sold 704,433 shares of company stock valued at $90,655,568. 0.30% of the stock is owned by company insiders.
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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