First Heartland Consultants Inc. raised its position in Mastercard Inc (NYSE:MA) by 7.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,411 shares of the credit services provider’s stock after buying an additional 95 shares during the quarter. First Heartland Consultants Inc.’s holdings in Mastercard were worth $266,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. NumerixS Investment Technologies Inc acquired a new stake in shares of Mastercard during the 4th quarter worth $2,981,000. Wisconsin Capital Management LLC acquired a new stake in shares of Mastercard during the 4th quarter worth $4,002,000. Highland Private Wealth Management grew its holdings in shares of Mastercard by 6.8% during the 4th quarter. Highland Private Wealth Management now owns 2,546 shares of the credit services provider’s stock worth $481,000 after purchasing an additional 163 shares in the last quarter. GFI Investment Counsel Ltd. acquired a new stake in shares of Mastercard during the 4th quarter worth $2,433,000. Finally, Cypress Asset Management Inc. TX grew its holdings in shares of Mastercard by 54.2% during the 4th quarter. Cypress Asset Management Inc. TX now owns 29,167 shares of the credit services provider’s stock worth $5,502,000 after purchasing an additional 10,250 shares in the last quarter. 75.45% of the stock is currently owned by hedge funds and other institutional investors.
Mastercard stock opened at $230.42 on Tuesday. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 1.08. The stock has a market capitalization of $235.93 billion, a price-to-earnings ratio of 35.50, a PEG ratio of 1.84 and a beta of 1.14. Mastercard Inc has a 12 month low of $167.94 and a 12 month high of $237.08.
Mastercard (NYSE:MA) last posted its earnings results on Thursday, January 31st. The credit services provider reported $1.55 EPS for the quarter, beating the consensus estimate of $1.52 by $0.03. The firm had revenue of $3.81 billion during the quarter, compared to the consensus estimate of $3.79 billion. Mastercard had a return on equity of 122.25% and a net margin of 39.19%. On average, research analysts anticipate that Mastercard Inc will post 7.55 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Tuesday, April 9th will be given a $0.33 dividend. The ex-dividend date of this dividend is Monday, April 8th. This represents a $1.32 annualized dividend and a yield of 0.57%. Mastercard’s dividend payout ratio is presently 20.34%.
Mastercard declared that its board has approved a stock repurchase plan on Tuesday, December 4th that permits the company to repurchase $6.50 billion in shares. This repurchase authorization permits the credit services provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its shares are undervalued.
Several research firms have recently issued reports on MA. Zacks Investment Research reissued a “buy” rating and set a $205.00 target price on shares of Mastercard in a report on Monday, December 31st. Piper Jaffray Companies reissued an “overweight” rating and set a $245.00 target price on shares of Mastercard in a report on Friday, December 21st. Wells Fargo & Co dropped their price objective on Mastercard from $235.00 to $228.00 and set an “outperform” rating for the company in a research report on Thursday, January 3rd. Bank of America downgraded Mastercard from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $230.00 to $207.00 in a research report on Tuesday, January 8th. Finally, Nomura upped their price objective on Mastercard to $252.00 and gave the stock a “buy” rating in a research report on Wednesday, February 20th. Three investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the company. Mastercard currently has an average rating of “Buy” and a consensus target price of $226.80.
In other Mastercard news, insider Edward Grunde Mclaughlin sold 20,269 shares of the stock in a transaction dated Tuesday, January 22nd. The stock was sold at an average price of $199.53, for a total value of $4,044,273.57. Following the completion of the transaction, the insider now directly owns 37,374 shares in the company, valued at $7,457,234.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Timothy H. Murphy sold 60,428 shares of the stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $230.31, for a total value of $13,917,172.68. Following the completion of the transaction, the general counsel now owns 46,331 shares of the company’s stock, valued at $10,670,492.61. The disclosure for this sale can be found here. 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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