Foster Victor Wealth Advisors LLC boosted its holdings in Mastercard Inc (NYSE:MA) by 90.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,746 shares of the credit services provider’s stock after acquiring an additional 4,145 shares during the quarter. Mastercard comprises about 1.3% of Foster Victor Wealth Advisors LLC’s investment portfolio, making the stock its 20th biggest holding. Foster Victor Wealth Advisors LLC’s holdings in Mastercard were worth $2,381,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of the business. Claro Advisors LLC increased its stake in Mastercard by 4.1% in the 2nd quarter. Claro Advisors LLC now owns 934 shares of the credit services provider’s stock worth $247,000 after purchasing an additional 37 shares in the last quarter. Quadrant Capital Group LLC increased its stake in Mastercard by 0.3% in the 2nd quarter. Quadrant Capital Group LLC now owns 15,147 shares of the credit services provider’s stock worth $3,989,000 after purchasing an additional 38 shares in the last quarter. First Personal Financial Services increased its stake in Mastercard by 4.8% in the 2nd quarter. First Personal Financial Services now owns 832 shares of the credit services provider’s stock worth $220,000 after purchasing an additional 38 shares in the last quarter. Campbell Wealth Management increased its stake in Mastercard by 3.9% in the 2nd quarter. Campbell Wealth Management now owns 1,007 shares of the credit services provider’s stock worth $266,000 after purchasing an additional 38 shares in the last quarter. Finally, Virtus ETF Advisers LLC grew its stake in Mastercard by 23.0% during the 2nd quarter. Virtus ETF Advisers LLC now owns 203 shares of the credit services provider’s stock valued at $54,000 after acquiring an additional 38 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.
Several equities analysts have weighed in on MA shares. ValuEngine cut Mastercard from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Bank of America lifted their target price on Mastercard from $255.00 to $267.00 and gave the company a “neutral” rating in a research note on Monday, June 17th. Moffett Nathanson set a $320.00 target price on Mastercard and gave the company a “buy” rating in a research note on Wednesday, September 18th. Nomura lifted their target price on Mastercard from $282.00 to $324.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Finally, Deutsche Bank lifted their target price on Mastercard from $267.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. Three analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $299.09.
Shares of MA stock traded up $2.85 during trading hours on Friday, reaching $276.68. 292,208 shares of the company’s stock were exchanged, compared to its average volume of 3,710,693. Mastercard Inc has a fifty-two week low of $171.89 and a fifty-two week high of $293.69. The stock has a market capitalization of $270.96 billion, a P/E ratio of 42.82, a P/E/G ratio of 2.21 and a beta of 1.06. The business has a fifty day moving average price of $275.86 and a 200-day moving average price of $262.23. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 1.55.
Mastercard (NYSE:MA) last issued its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.82 by $0.07. Mastercard had a return on equity of 135.02% and a net margin of 42.71%. The company had revenue of $4.11 billion during the quarter, compared to analyst estimates of $4.08 billion. During the same period in the previous year, the company earned $1.66 earnings per share. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. As a group, research analysts expect that Mastercard Inc will post 7.61 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date is Tuesday, October 8th. Mastercard’s dividend payout ratio is presently 20.34%.
In other news, major shareholder Foundation Mastercard sold 23,850 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $279.47, for a total transaction of $6,665,359.50. Following the sale, the insider now directly owns 112,102,262 shares in the company, valued at $31,329,219,161.14. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Richard K. Davis acquired 1,735 shares of the stock in a transaction dated Monday, August 12th. The shares were purchased at an average price of $270.09 per share, for a total transaction of $468,606.15. Following the completion of the transaction, the director now owns 6,031 shares of the company’s stock, valued at approximately $1,628,912.79. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 140,143 shares of company stock worth $38,535,340. 3.70% 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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