Hall Laurie J Trustee Has $1.77 Million Position in Mastercard Incorporated (MA)
Hall Laurie J Trustee boosted its stake in Mastercard Incorporated (NYSE:MA) by 0.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,600 shares of the credit services provider’s stock after purchasing an additional 25 shares during the quarter. Mastercard comprises 1.1% of Hall Laurie J Trustee’s investment portfolio, making the stock its 26th biggest position. Hall Laurie J Trustee’s holdings in Mastercard were worth $1,773,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently bought and sold shares of the stock. American Beacon Advisors Inc. bought a new position in Mastercard in the first quarter valued at about $100,000. Chicago Partners Investment Group LLC grew its position in Mastercard by 1,365.6% in the second quarter. Chicago Partners Investment Group LLC now owns 938 shares of the credit services provider’s stock valued at $105,000 after acquiring an additional 874 shares during the last quarter. Thompson Davis & CO. Inc. grew its position in Mastercard by 170.1% in the second quarter. Thompson Davis & CO. Inc. now owns 867 shares of the credit services provider’s stock valued at $105,000 after acquiring an additional 546 shares during the last quarter. Proficio Capital Partners LLC grew its position in Mastercard by 108.2% in the first quarter. Proficio Capital Partners LLC now owns 893 shares of the credit services provider’s stock valued at $108,000 after acquiring an additional 464 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new position in Mastercard in the second quarter valued at about $121,000. 75.81% of the stock is owned by institutional investors and hedge funds.
In related news, Director Richard Haythornthwaite sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $142.51, for a total value of $712,550.00. Following the sale, the director now directly owns 45,278 shares in the company, valued at $6,452,567.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Craig Vosburg sold 14,200 shares of the company’s stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $141.86, for a total value of $2,014,412.00. Following the completion of the sale, the insider now owns 40,646 shares in the company, valued at $5,766,041.56. The disclosure for this sale can be found here. Insiders sold 25,000 shares of company stock worth $3,582,984 over the last quarter. 0.30% of the stock is currently owned by company insiders.
A number of research analysts have issued reports on the company. Vetr upgraded Mastercard from a “buy” rating to a “strong-buy” rating and set a $161.72 target price on the stock in a research report on Tuesday, December 5th. Zacks Investment Research cut Mastercard from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. Bank of America lifted their target price on Mastercard from $165.00 to $170.00 and gave the company a “buy” rating in a research report on Monday, November 6th. J P Morgan Chase & Co lifted their target price on Mastercard from $152.00 to $160.00 and gave the company an “overweight” rating in a research report on Wednesday, November 1st. Finally, Nomura lifted their target price on Mastercard from $163.00 to $164.00 and gave the company a “buy” rating in a research report on Wednesday, November 1st. Two equities research analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $159.22.
Mastercard Incorporated (MA) traded up $0.44 during trading hours on Friday, hitting $149.89. The stock had a trading volume of 2,107,460 shares, compared to its average volume of 3,627,421. The company has a market capitalization of $158,682.84, a PE ratio of 34.78, a P/E/G ratio of 2.00 and a beta of 1.20. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.66 and a current ratio of 1.66. Mastercard Incorporated has a 52 week low of $102.91 and a 52 week high of $154.65.
Mastercard (NYSE:MA) last released its quarterly earnings results on Tuesday, October 31st. The credit services provider reported $1.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.23 by $0.11. The company had revenue of $3.40 billion for the quarter, compared to analysts’ expectations of $3.28 billion. Mastercard had a return on equity of 78.38% and a net margin of 38.70%. The business’s quarterly revenue was up 18.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.08 earnings per share. equities analysts forecast that Mastercard Incorporated will post 4.54 earnings per share for the current fiscal year.
Mastercard announced that its Board of Directors has approved a stock buyback plan on Monday, December 4th that authorizes the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization authorizes the credit services provider to purchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.
The business also recently announced a quarterly dividend, which will be paid on Friday, February 9th. Investors of record on Tuesday, January 9th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, January 8th. This is a boost from Mastercard’s previous quarterly dividend of $0.22. This represents a $1.00 annualized dividend and a yield of 0.67%. Mastercard’s dividend payout ratio is presently 20.47%.
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MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.
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