Coastline Trust Co Trims Position in Mastercard Incorporated (NYSE:MA)

Coastline Trust Co trimmed its position in shares of Mastercard Incorporated (NYSE:MA) by 1.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 17,690 shares of the credit services provider’s stock after selling 279 shares during the quarter. Mastercard makes up about 1.1% of Coastline Trust Co’s portfolio, making the stock its 23rd biggest position. Coastline Trust Co’s holdings in Mastercard were worth $9,315,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of MA. Dimensional Fund Advisors LP grew its stake in shares of Mastercard by 0.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,175,608 shares of the credit services provider’s stock valued at $2,198,756,000 after buying an additional 17,549 shares during the period. Dnca Finance lifted its stake in shares of Mastercard by 109.1% during the fourth quarter. Dnca Finance now owns 29,900 shares of the credit services provider’s stock worth $15,744,000 after purchasing an additional 15,600 shares in the last quarter. Elevatus Welath Management increased its position in shares of Mastercard by 42.7% in the 4th quarter. Elevatus Welath Management now owns 990 shares of the credit services provider’s stock worth $521,000 after purchasing an additional 296 shares during the last quarter. Epoch Investment Partners Inc. raised its holdings in shares of Mastercard by 4.8% during the fourth quarter. Epoch Investment Partners Inc. now owns 389,384 shares of the credit services provider’s stock worth $205,038,000 after purchasing an additional 17,946 shares during the period. Finally, First Trust Advisors LP lifted its position in Mastercard by 5.0% in the 4th quarter. First Trust Advisors LP now owns 1,009,513 shares of the credit services provider’s stock valued at $531,579,000 after purchasing an additional 47,759 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.

Insider Buying and Selling at Mastercard

In other news, insider Edward Grunde Mclaughlin sold 7,132 shares of the stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total value of $3,813,337.76. Following the transaction, the insider now directly owns 34,524 shares of the company’s stock, valued at approximately $18,459,292.32. This represents a 17.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael Miebach sold 15,775 shares of the firm’s stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $550.16, for a total transaction of $8,678,774.00. Following the transaction, the chief executive officer now directly owns 84,871 shares of the company’s stock, valued at $46,692,629.36. This represents a 15.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by corporate insiders.

Mastercard Trading Up 0.8 %

Shares of MA opened at $517.46 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68. The firm has a market capitalization of $471.77 billion, a price-to-earnings ratio of 37.25, a PEG ratio of 2.37 and a beta of 1.06. Mastercard Incorporated has a 1-year low of $428.86 and a 1-year high of $582.23. The firm’s 50-day moving average price is $537.86 and its 200-day moving average price is $528.79.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, January 30th. The credit services provider reported $3.82 earnings per share for the quarter, beating the consensus estimate of $3.71 by $0.11. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. Sell-side analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Wednesday, April 9th will be paid a $0.76 dividend. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $3.04 annualized dividend and a yield of 0.59%. Mastercard’s dividend payout ratio (DPR) is currently 21.89%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Raymond James reaffirmed an “outperform” rating and issued a $640.00 price objective (up previously from $614.00) on shares of Mastercard in a research note on Friday, January 31st. Wells Fargo & Company boosted their target price on shares of Mastercard from $585.00 to $625.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 4th. UBS Group upped their price target on Mastercard from $600.00 to $660.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. KeyCorp raised their price objective on Mastercard from $600.00 to $630.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Finally, Evercore ISI assumed coverage on Mastercard in a report on Wednesday, April 9th. They set an “in-line” rating and a $550.00 target price on the stock. Six research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $607.96.

Mastercard 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.