Mastercard Incorporated (MA) Shares Sold by Texas Yale Capital Corp.

Texas Yale Capital Corp. lessened its stake in Mastercard Incorporated (NYSE:MA) by 1.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,519 shares of the credit services provider’s stock after selling 387 shares during the period. Texas Yale Capital Corp.’s holdings in Mastercard were worth $2,897,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Massey Quick Simon & CO. LLC acquired a new position in Mastercard in the third quarter valued at $102,000. Chicago Partners Investment Group LLC boosted its stake 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 in the last quarter. Thompson Davis & CO. Inc. boosted its stake 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 in the last quarter. Proficio Capital Partners LLC boosted its stake in Mastercard by 1.3% in the second quarter. Proficio Capital Partners LLC now owns 905 shares of the credit services provider’s stock valued at $118,000 after acquiring an additional 12 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new position in Mastercard in the second quarter valued at $121,000. Institutional investors own 75.58% of the company’s stock.

In related news, insider Edward Grunde Mclaughlin sold 17,167 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $151.81, for a total value of $2,606,122.27. Following the completion of the sale, the insider now owns 47,901 shares in the company, valued at $7,271,850.81. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.30% of the stock is owned by company insiders.

Shares of Mastercard Incorporated (NYSE MA) opened at $162.33 on Friday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.66 and a quick ratio of 1.66. The company has a market cap of $171,852.61, a PE ratio of 37.75, a P/E/G ratio of 1.84 and a beta of 1.20. Mastercard Incorporated has a 12-month low of $104.01 and a 12-month high of $162.52.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Tuesday, October 31st. The credit services provider reported $1.34 EPS for the quarter, beating the Zacks’ consensus estimate of $1.23 by $0.11. The firm had revenue of $3.40 billion during the quarter, compared to the consensus estimate of $3.28 billion. Mastercard had a net margin of 38.70% and a return on equity of 78.38%. The firm’s revenue was up 18.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.08 earnings per share. equities analysts forecast that Mastercard Incorporated will post 4.54 EPS for the current year.

Mastercard declared that its Board of Directors has initiated a share buyback plan on Monday, December 4th that authorizes the company to repurchase $4.00 billion in shares. This repurchase authorization authorizes the credit services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Investors of record on Tuesday, January 9th will be given a $0.25 dividend. The ex-dividend date is Monday, January 8th. This represents a $1.00 dividend on an annualized basis and a yield of 0.62%. This is an increase from Mastercard’s previous quarterly dividend of $0.22. Mastercard’s dividend payout ratio (DPR) is presently 23.26%.

MA has been the subject of several research analyst reports. Mizuho upgraded shares of Mastercard from a “neutral” rating to a “buy” rating in a research note on Thursday, January 4th. Citigroup upped their price objective on shares of Mastercard from $157.00 to $167.00 and gave the company a “buy” rating in a research note on Wednesday, October 18th. Zacks Investment Research downgraded shares of Mastercard from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. SunTrust Banks upped their price objective on shares of Mastercard to $180.00 and gave the company a “buy” rating in a research note on Wednesday, November 1st. Finally, Wells Fargo & Co upgraded shares of Mastercard from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $130.00 to $160.00 in a research note on Wednesday, October 11th. Three investment analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $161.82.

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Mastercard 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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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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