Mastercard Incorporated $MA is Harbor Investment Advisory LLC’s 9th Largest Position

Harbor Investment Advisory LLC lessened its stake in shares of Mastercard Incorporated (NYSE:MA) by 1.5% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 27,090 shares of the credit services provider’s stock after selling 423 shares during the quarter. Mastercard makes up about 1.3% of Harbor Investment Advisory LLC’s portfolio, making the stock its 9th largest position. Harbor Investment Advisory LLC’s holdings in Mastercard were worth $15,223,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Ethos Financial Group LLC increased its holdings in Mastercard by 19.5% during the first quarter. Ethos Financial Group LLC now owns 3,174 shares of the credit services provider’s stock worth $1,683,000 after buying an additional 518 shares during the last quarter. Fortis Advisors LLC increased its holdings in Mastercard by 9.4% during the first quarter. Fortis Advisors LLC now owns 871 shares of the credit services provider’s stock worth $477,000 after buying an additional 75 shares during the last quarter. Canandaigua National Trust Co of Florida increased its holdings in Mastercard by 36.4% during the first quarter. Canandaigua National Trust Co of Florida now owns 693 shares of the credit services provider’s stock worth $380,000 after buying an additional 185 shares during the last quarter. Kingswood Wealth Advisors LLC increased its holdings in Mastercard by 18.0% during the first quarter. Kingswood Wealth Advisors LLC now owns 6,870 shares of the credit services provider’s stock worth $3,766,000 after buying an additional 1,047 shares during the last quarter. Finally, Kornitzer Capital Management Inc. KS increased its holdings in Mastercard by 2.8% during the first quarter. Kornitzer Capital Management Inc. KS now owns 22,640 shares of the credit services provider’s stock worth $12,409,000 after buying an additional 612 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insider Buying and Selling

In other Mastercard news, insider Craig Vosburg sold 9,428 shares of Mastercard stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $353.05, for a total transaction of $3,328,555.40. Following the completion of the sale, the insider directly owned 58,451 shares in the company, valued at $20,636,125.55. The trade was a 13.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Raj Seshadri sold 1,100 shares of Mastercard stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $546.77, for a total transaction of $601,447.00. Following the sale, the insider owned 12,921 shares of the company’s stock, valued at approximately $7,064,815.17. The trade was a 7.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 49,094 shares of company stock valued at $26,521,861 in the last three months. Insiders own 0.09% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on MA. Royal Bank Of Canada lifted their target price on shares of Mastercard from $650.00 to $656.00 and gave the stock an “outperform” rating in a research note on Friday, August 1st. Deutsche Bank Aktiengesellschaft began coverage on shares of Mastercard in a research note on Thursday, July 17th. They issued a “buy” rating and a $650.00 target price for the company. Truist Financial reduced their target price on shares of Mastercard from $640.00 to $612.00 and set a “buy” rating for the company in a research note on Thursday, July 17th. Wall Street Zen upgraded shares of Mastercard from a “hold” rating to a “buy” rating in a research note on Friday, July 18th. Finally, Morgan Stanley lifted their target price on shares of Mastercard from $639.00 to $661.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $626.54.

Mastercard Price Performance

MA stock opened at $580.75 on Friday. The firm has a 50 day moving average of $574.60 and a 200-day moving average of $558.35. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77. The firm has a market capitalization of $525.00 billion, a P/E ratio of 39.16, a price-to-earnings-growth ratio of 2.41 and a beta of 0.99.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, beating analysts’ consensus estimates of $4.05 by $0.10. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The company had revenue of $8.13 billion during the quarter, compared to analyst estimates of $7.95 billion. During the same period last year, the business earned $3.50 earnings per share. Mastercard’s revenue was up 16.8% compared to the same quarter last year. As a group, sell-side analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Stockholders of record on Wednesday, July 9th were given a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Wednesday, July 9th. Mastercard’s dividend payout ratio (DPR) is 20.50%.

About Mastercard

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.