Mastercard Incorporated (MA) Insider Craig Vosburg Sells 14,200 Shares
Mastercard Incorporated (NYSE:MA) insider Craig Vosburg sold 14,200 shares of the stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $141.86, for a total transaction of $2,014,412.00. Following the transaction, the insider now owns 40,646 shares in the company, valued at $5,766,041.56. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Shares of Mastercard Incorporated (MA) opened at 138.57 on Tuesday. The firm has a market cap of $147.56 billion, a P/E ratio of 34.38 and a beta of 1.18. The stock’s 50 day moving average is $133.90 and its 200-day moving average is $122.61. Mastercard Incorporated has a 52-week low of $99.51 and a 52-week high of $143.59.
Mastercard (NYSE:MA) last announced its earnings results on Thursday, July 27th. The credit services provider reported $1.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.06. The company had revenue of $3.05 billion for the quarter, compared to analyst estimates of $2.98 billion. Mastercard had a return on equity of 74.92% and a net margin of 38.30%. The firm’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.96 earnings per share. Equities analysts anticipate that Mastercard Incorporated will post $4.43 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, November 9th. Stockholders of record on Friday, October 6th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.62%. Mastercard’s dividend payout ratio (DPR) is currently 21.78%.
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A number of institutional investors have recently bought and sold shares of the business. Glassman Wealth Services increased its stake in Mastercard by 0.3% during the 1st quarter. Glassman Wealth Services now owns 1,769 shares of the credit services provider’s stock worth $199,000 after acquiring an additional 6 shares during the period. Norway Savings Bank increased its stake in Mastercard by 1.1% during the 2nd quarter. Norway Savings Bank now owns 960 shares of the credit services provider’s stock worth $117,000 after acquiring an additional 10 shares during the period. Proficio Capital Partners LLC increased its stake in Mastercard by 1.3% during the 2nd quarter. Proficio Capital Partners LLC now owns 905 shares of the credit services provider’s stock worth $118,000 after acquiring an additional 12 shares during the period. Genesee Valley Trust Co. increased its stake in Mastercard by 0.3% during the 1st quarter. Genesee Valley Trust Co. now owns 6,246 shares of the credit services provider’s stock worth $702,000 after acquiring an additional 18 shares during the period. Finally, Concert Wealth Management Inc. increased its stake in Mastercard by 0.3% during the 1st quarter. Concert Wealth Management Inc. now owns 6,467 shares of the credit services provider’s stock worth $664,000 after acquiring an additional 18 shares during the period. Hedge funds and other institutional investors own 76.04% of the company’s stock.
Several research analysts have recently weighed in on MA shares. Morgan Stanley increased their price objective on shares of Mastercard from $124.00 to $131.00 and gave the stock an “overweight” rating in a report on Tuesday, May 30th. Oppenheimer Holdings, Inc. reissued a “buy” rating and set a $145.00 target price on shares of Mastercard in a research report on Friday, September 8th. Deutsche Bank AG reissued a “buy” rating and set a $150.00 target price (up previously from $124.00) on shares of Mastercard in a research report on Monday, July 10th. Nomura increased their target price on shares of Mastercard from $153.00 to $163.00 and gave the stock a “buy” rating in a research report on Friday, September 8th. Finally, Susquehanna Bancshares Inc reissued a “positive” rating and set a $158.00 target price (up previously from $149.00) on shares of Mastercard in a research report on Friday, September 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-three have assigned a buy rating to the company’s stock. Mastercard has a consensus rating of “Buy” and a consensus target price of $141.47.
Mastercard Company Profile
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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