Fulton Bank N.A. lowered its stake in shares of Mastercard Inc (NYSE:MA) by 6.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,639 shares of the credit services provider’s stock after selling 728 shares during the quarter. Fulton Bank N.A.’s holdings in Mastercard were worth $2,505,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of MA. Oregon Public Employees Retirement Fund grew its position in Mastercard by 14,925.4% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 71,553,436 shares of the credit services provider’s stock worth $379,000 after buying an additional 71,077,219 shares in the last quarter. Norges Bank acquired a new stake in shares of Mastercard in the 4th quarter valued at $1,701,899,000. Rehmann Capital Advisory Group boosted its holdings in shares of Mastercard by 22,078.6% in the 3rd quarter. Rehmann Capital Advisory Group now owns 1,820,194 shares of the credit services provider’s stock valued at $8,176,000 after purchasing an additional 1,811,987 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of Mastercard by 673.1% in the 4th quarter. Millennium Management LLC now owns 1,400,813 shares of the credit services provider’s stock valued at $264,263,000 after purchasing an additional 1,219,620 shares in the last quarter. Finally, Morgan Stanley boosted its holdings in shares of Mastercard by 8.1% in the 3rd quarter. Morgan Stanley now owns 14,071,425 shares of the credit services provider’s stock valued at $3,132,440,000 after purchasing an additional 1,058,341 shares in the last quarter. 75.55% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have weighed in on MA. Deutsche Bank raised their target price on Mastercard from $221.00 to $267.00 and gave the company a “buy” rating in a report on Monday, April 1st. Zacks Investment Research reaffirmed a “buy” rating and issued a $205.00 target price on shares of Mastercard in a report on Monday, December 31st. Oppenheimer raised their target price on Mastercard from $242.00 to $259.00 and gave the company an “outperform” rating in a report on Wednesday. Wedbush raised their target price on Mastercard from $220.00 to $235.00 and gave the company an “outperform” rating in a report on Thursday, March 14th. Finally, Credit Suisse Group reaffirmed a “buy” rating and issued a $217.00 target price on shares of Mastercard in a report on Monday, January 7th. Three investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the stock. Mastercard currently has a consensus rating of “Buy” and an average price target of $233.48.
NYSE MA opened at $240.89 on Friday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.39 and a current ratio of 1.39. Mastercard Inc has a twelve month low of $170.65 and a twelve month high of $242.65. The firm has a market cap of $247.13 billion, a P/E ratio of 37.12, a PEG ratio of 1.92 and a beta of 1.14.
Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, January 31st. The credit services provider reported $1.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.52 by $0.03. Mastercard had a return on equity of 122.25% and a net margin of 39.19%. The company had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.79 billion. On average, analysts forecast that Mastercard Inc will post 7.56 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Tuesday, April 9th will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 0.55%. The ex-dividend date is Monday, April 8th. Mastercard’s dividend payout ratio (DPR) is 20.34%.
In related news, insider Michael Miebach sold 2,711 shares of the firm’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $240.28, for a total transaction of $651,399.08. Following the completion of the transaction, the insider now directly owns 20,492 shares of the company’s stock, valued at approximately $4,923,817.76. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Timothy H. Murphy sold 60,428 shares of the firm’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $230.31, for a total value of $13,917,172.68. Following the transaction, the general counsel now directly owns 46,331 shares of the company’s stock, valued at $10,670,492.61. The disclosure for this sale can be found here. In the last three months, insiders have sold 99,716 shares of company stock worth $22,428,540. 0.32% of the stock is currently owned by company insiders.
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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