Mastercard Inc (NYSE:MA) Shares Sold by Marshall & Sullivan Inc. WA
Marshall & Sullivan Inc. WA lessened its stake in Mastercard Inc (NYSE:MA) by 3.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 17,641 shares of the credit services provider’s stock after selling 627 shares during the quarter. Mastercard comprises about 3.6% of Marshall & Sullivan Inc. WA’s holdings, making the stock its 6th largest holding. Marshall & Sullivan Inc. WA’s holdings in Mastercard were worth $5,267,000 as of its most recent filing with the SEC.
Other large investors also recently bought and sold shares of the company. Smith Asset Management Group LP acquired a new stake in Mastercard during the second quarter worth $18,541,000. Alps Advisors Inc. increased its stake in Mastercard by 81.4% during the third quarter. Alps Advisors Inc. now owns 9,650 shares of the credit services provider’s stock worth $2,620,000 after acquiring an additional 4,331 shares during the last quarter. K.J. Harrison & Partners Inc increased its stake in Mastercard by 353.4% during the third quarter. K.J. Harrison & Partners Inc now owns 6,143 shares of the credit services provider’s stock worth $1,668,000 after acquiring an additional 4,788 shares during the last quarter. Newman Dignan & Sheerar Inc. increased its stake in Mastercard by 7.6% during the third quarter. Newman Dignan & Sheerar Inc. now owns 2,464 shares of the credit services provider’s stock worth $669,000 after acquiring an additional 175 shares during the last quarter. Finally, Horan Capital Advisors LLC. acquired a new stake in Mastercard during the third quarter worth $171,000. 73.84% of the stock is owned by hedge funds and other institutional investors.
Several research firms have issued reports on MA. Wells Fargo & Co raised their target price on Mastercard from $317.00 to $336.00 and gave the stock an “overweight” rating in a research note on Monday, January 6th. Tigress Financial reissued a “buy” rating on shares of Mastercard in a research note on Monday, December 23rd. Compass Point began coverage on Mastercard in a research note on Thursday, December 5th. They set a “buy” rating and a $330.00 target price for the company. SunTrust Banks raised their target price on Mastercard from $325.00 to $340.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Finally, Moffett Nathanson raised their target price on Mastercard from to and gave the stock a “buy” rating in a research note on Tuesday, January 7th. Three equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $313.73.
Mastercard (NYSE:MA) last released its earnings results on Tuesday, October 29th. The credit services provider reported $2.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.01 by $0.14. The firm had revenue of $4.47 billion during the quarter, compared to analyst estimates of $4.41 billion. Mastercard had a return on equity of 146.92% and a net margin of 42.50%. Mastercard’s revenue was up 14.6% compared to the same quarter last year. During the same period last year, the business posted $1.78 earnings per share. As a group, sell-side analysts expect that Mastercard Inc will post 7.69 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Thursday, January 9th will be issued a $0.40 dividend. The ex-dividend date is Wednesday, January 8th. This is a positive change from Mastercard’s previous quarterly dividend of $0.33. This represents a $1.60 dividend on an annualized basis and a yield of 0.51%. Mastercard’s dividend payout ratio (DPR) is 24.65%.
Mastercard declared that its board has initiated a share buyback plan on Tuesday, December 3rd that authorizes the company to repurchase $8.00 billion in shares. This repurchase authorization authorizes the credit services provider to repurchase up to 2.7% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its stock is undervalued.
In related news, insider Michael Miebach sold 4,205 shares of Mastercard stock in a transaction on Monday, January 13th. The stock was sold at an average price of $315.00, for a total value of $1,324,575.00. Following the completion of the transaction, the insider now directly owns 16,983 shares in the company, valued at $5,349,645. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Edward Grunde Mclaughlin sold 28,526 shares of Mastercard stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $302.16, for a total value of $8,619,416.16. Following the completion of the transaction, the insider now owns 43,215 shares of the company’s stock, valued at $13,057,844.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 129,108 shares of company stock valued at $36,637,812. 3.70% of the stock is currently owned by company insiders.
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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