Trust Co. of Vermont Has $32.93 Million Stock Position in Mastercard Incorporated $MA

Trust Co. of Vermont lowered its position in shares of Mastercard Incorporated (NYSE:MA) by 1.3% in the second quarter, HoldingsChannel reports. The firm owned 58,604 shares of the credit services provider’s stock after selling 798 shares during the period. Mastercard makes up approximately 1.6% of Trust Co. of Vermont’s investment portfolio, making the stock its 11th biggest holding. Trust Co. of Vermont’s holdings in Mastercard were worth $32,932,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Accredited Investors Inc. boosted its stake in Mastercard by 2.6% during the 1st quarter. Accredited Investors Inc. now owns 718 shares of the credit services provider’s stock worth $394,000 after acquiring an additional 18 shares during the last quarter. Wealthstream Advisors Inc. boosted its stake in Mastercard by 2.9% during the 1st quarter. Wealthstream Advisors Inc. now owns 632 shares of the credit services provider’s stock worth $347,000 after acquiring an additional 18 shares during the last quarter. Phillips Wealth Planners LLC boosted its stake in Mastercard by 1.8% during the 1st quarter. Phillips Wealth Planners LLC now owns 1,055 shares of the credit services provider’s stock worth $538,000 after acquiring an additional 19 shares during the last quarter. Alta Wealth Advisors LLC boosted its stake in Mastercard by 3.6% during the 1st quarter. Alta Wealth Advisors LLC now owns 540 shares of the credit services provider’s stock worth $296,000 after acquiring an additional 19 shares during the last quarter. Finally, May Hill Capital LLC boosted its stake in Mastercard by 2.0% during the 1st quarter. May Hill Capital LLC now owns 986 shares of the credit services provider’s stock worth $540,000 after acquiring an additional 19 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.

Insider Buying and Selling

In related news, Director Julius Genachowski sold 312 shares of the firm’s stock in a transaction on Monday, July 7th. The shares were sold at an average price of $570.67, for a total value of $178,049.04. Following the completion of the transaction, the director directly owned 8,469 shares of the company’s stock, valued at approximately $4,833,004.23. This trade represents a 3.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO J. Mehra Sachin sold 17,263 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $591.00, for a total transaction of $10,202,433.00. Following the completion of the transaction, the chief financial officer directly owned 31,234 shares of the company’s stock, valued at $18,459,294. This represents a 35.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 35,391 shares of company stock worth $20,836,514 over the last quarter. 0.09% of the stock is owned by corporate insiders.

Mastercard Price Performance

NYSE MA opened at $569.29 on Wednesday. The company has a quick ratio of 1.16, a current 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 company has a market capitalization of $514.64 billion, a PE ratio of 38.39, a price-to-earnings-growth ratio of 2.33 and a beta of 0.99. The firm’s 50 day moving average is $579.48 and its 200-day moving average is $560.91.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (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 for the quarter, compared to the consensus estimate of $7.95 billion. During the same period last year, the company earned $3.50 earnings per share. The firm’s revenue was up 16.8% compared to the same quarter last year. Equities research analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Thursday, October 9th will be issued a $0.76 dividend. The ex-dividend date is Thursday, October 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.5%. Mastercard’s dividend payout ratio (DPR) is 20.50%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on MA shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Mastercard in a research note on Thursday, July 17th. They set a “buy” rating and a $650.00 price objective on the stock. Jefferies Financial Group reissued a “buy” rating on shares of Mastercard in a research note on Friday, June 6th. KeyCorp lifted their price objective on shares of Mastercard from $635.00 to $660.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Royal Bank Of Canada lifted their price objective 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. Finally, Wells Fargo & Company raised their target price on shares of Mastercard from $625.00 to $650.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Mastercard presently has an average rating of “Buy” and an average price target of $630.89.

Mastercard Company Profile

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.