Wilbanks Smith & Thomas Asset Management LLC lowered its stake in Mastercard Inc (NYSE:MA) by 1.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 23,496 shares of the credit services provider’s stock after selling 446 shares during the period. Wilbanks Smith & Thomas Asset Management LLC’s holdings in Mastercard were worth $3,556,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of MA. Community Bank N.A. grew its position in Mastercard by 119.7% in the fourth quarter. Community Bank N.A. now owns 670 shares of the credit services provider’s stock valued at $101,000 after acquiring an additional 365 shares during the last quarter. Massey Quick Simon & CO. LLC acquired a new stake in shares of Mastercard during the third quarter valued at about $102,000. Wealthcare Advisory Partners LLC acquired a new stake in shares of Mastercard during the third quarter valued at about $106,000. Acrospire Investment Management LLC acquired a new stake in shares of Mastercard during the second quarter valued at about $121,000. Finally, Horan Capital Advisors LLC. acquired a new stake in shares of Mastercard during the third quarter valued at about $131,000. Institutional investors own 76.10% of the company’s stock.
A number of analysts have recently commented on the company. Vetr raised Mastercard from a “sell” rating to a “hold” rating and set a $158.70 price target on the stock in a research note on Thursday, January 11th. Sandler O’Neill raised Mastercard from a “sell” rating to a “hold” rating in a research note on Thursday, February 1st. Zacks Investment Research lowered Mastercard from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Piper Jaffray Companies lifted their price target on Mastercard from $208.00 to $212.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Finally, Cantor Fitzgerald lifted their price target on Mastercard to $198.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Two investment analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $177.40.
Mastercard Inc (NYSE:MA) opened at $183.02 on Monday. Mastercard Inc has a 12 month low of $110.13 and a 12 month high of $183.33. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $192,660.00, a P/E ratio of 41.84, a price-to-earnings-growth ratio of 1.69 and a beta of 1.18.
Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, February 1st. The credit services provider reported $1.14 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.02. The firm had revenue of $3.31 billion during the quarter, compared to the consensus estimate of $3.25 billion. Mastercard had a return on equity of 83.57% and a net margin of 31.33%. The company’s quarterly revenue was up 20.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.86 earnings per share. equities research analysts anticipate that Mastercard Inc will post 5.92 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 9th. Stockholders of record on Monday, April 9th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, April 6th. This represents a $1.00 annualized dividend and a dividend yield of 0.55%. Mastercard’s dividend payout ratio is 22.83%.
Mastercard announced that its board has approved a stock buyback plan on Monday, December 4th that permits the company to buyback $4.00 billion in shares. This buyback authorization permits the credit services provider to buy shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.
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Mastercard Company Profile
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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