Haverford Trust Co. lowered its holdings in Mastercard Inc (NYSE:MA) by 8.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 606,276 shares of the credit services provider’s stock after selling 57,759 shares during the period. Mastercard comprises 2.9% of Haverford Trust Co.’s holdings, making the stock its 6th largest position. Haverford Trust Co. owned approximately 0.06% of Mastercard worth $164,646,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. 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 acquiring an additional 37 shares during the last quarter. B & T Capital Management DBA Alpha Capital Management increased its stake in Mastercard by 0.5% in the 3rd quarter. B & T Capital Management DBA Alpha Capital Management now owns 7,284 shares of the credit services provider’s stock worth $1,978,000 after acquiring an additional 37 shares during 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 acquiring an additional 38 shares during 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 acquiring an additional 38 shares during the last quarter. Finally, 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 acquiring an additional 38 shares during the last quarter. 74.21% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director Richard Haythornthwaite sold 5,000 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $280.00, for a total transaction of $1,400,000.00. Following the completion of the sale, the director now directly owns 32,119 shares in the company, valued at approximately $8,993,320. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard K. Davis bought 1,735 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The shares were bought at an average price of $270.09 per share, with a total value of $468,606.15. Following the completion of the acquisition, the director now directly owns 6,031 shares in the company, valued at $1,628,912.79. The disclosure for this purchase can be found here. Insiders have sold a total of 99,080 shares of company stock valued at $27,149,356 over the last 90 days. 3.70% of the stock is currently owned by company insiders.
MA stock traded up $2.10 during trading on Friday, hitting $274.89. 2,240,318 shares of the company traded hands, compared to its average volume of 3,579,096. The firm has a market capitalization of $272.92 billion, a PE ratio of 42.36, a P/E/G ratio of 2.19 and a beta of 1.04. Mastercard Inc has a 1 year low of $171.89 and a 1 year high of $293.69. The company has a 50-day moving average of $272.46 and a 200-day moving average of $267.36. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.39 and a current ratio of 1.39.
Mastercard (NYSE:MA) last issued its earnings results on Tuesday, October 29th. The credit services provider reported $2.15 earnings per share for the quarter, beating the consensus estimate of $2.01 by $0.14. The company had revenue of $4.47 billion during the quarter, compared to analysts’ expectations of $4.41 billion. Mastercard had a return on equity of 146.92% and a net margin of 42.50%. Mastercard’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.78 EPS. Sell-side analysts expect that Mastercard Inc will post 7.69 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 0.48%. The ex-dividend date is Tuesday, October 8th. Mastercard’s dividend payout ratio is presently 20.34%.
MA has been the topic of a number of research analyst reports. Raymond James upped their target price on Mastercard from $300.00 to $308.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. William Blair reiterated an “outperform” rating on shares of Mastercard in a report on Friday, September 13th. BMO Capital Markets upped their price objective on Mastercard to $348.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. They noted that the move was a valuation call. Susquehanna Bancshares upped their price objective on Mastercard from $293.00 to $320.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Finally, Barclays upped their price objective on Mastercard from $319.00 to $320.00 and gave the stock an “overweight” rating in a report on Monday. Three analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $303.45.
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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