Smith Chas P & Associates PA Cpas Grows Stock Position in Mastercard Inc (NYSE:MA)

Smith Chas P & Associates PA Cpas raised its holdings in Mastercard Inc (NYSE:MA) by 3.0% in the third quarter, HoldingsChannel reports. The institutional investor owned 1,363 shares of the credit services provider’s stock after acquiring an additional 40 shares during the quarter. Smith Chas P & Associates PA Cpas’ holdings in Mastercard were worth $370,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. DeDora Capital Inc. raised its stake in shares of Mastercard by 4.4% in the second quarter. DeDora Capital Inc. now owns 4,850 shares of the credit services provider’s stock worth $1,283,000 after purchasing an additional 203 shares during the last quarter. Smith Asset Management Group LP purchased a new position in shares of Mastercard in the second quarter worth about $18,541,000. Dearborn Partners LLC raised its stake in shares of Mastercard by 3.5% in the second quarter. Dearborn Partners LLC now owns 140,223 shares of the credit services provider’s stock worth $37,093,000 after purchasing an additional 4,762 shares during the last quarter. World Asset Management Inc raised its stake in shares of Mastercard by 1.2% in the second quarter. World Asset Management Inc now owns 61,819 shares of the credit services provider’s stock worth $16,353,000 after purchasing an additional 755 shares during the last quarter. Finally, Brightworth raised its stake in shares of Mastercard by 18.4% in the second quarter. Brightworth now owns 3,852 shares of the credit services provider’s stock worth $1,019,000 after purchasing an additional 599 shares during the last quarter. Institutional investors own 74.13% of the company’s stock.

MA traded up $0.14 during trading on Tuesday, hitting $277.14. The company’s stock had a trading volume of 2,183,265 shares, compared to its average volume of 3,512,260. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 1.55. Mastercard Inc has a twelve month low of $171.89 and a twelve month high of $293.69. The business’s fifty day simple moving average is $272.65 and its 200 day simple moving average is $268.02. The firm has a market capitalization of $277.33 billion, a price-to-earnings ratio of 42.70, a P/E/G ratio of 2.24 and a beta of 1.04.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $2.15 EPS for the quarter, beating the consensus estimate of $2.01 by $0.14. Mastercard had a return on equity of 146.92% and a net margin of 42.50%. The company had revenue of $4.47 billion for the quarter, compared to analyst estimates of $4.41 billion. During the same period last year, the company earned $1.78 earnings per share. Mastercard’s quarterly revenue was up 14.6% compared to the same quarter last year. As a group, equities research analysts forecast that Mastercard Inc will post 7.69 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 0.48%. The ex-dividend date was Tuesday, October 8th. Mastercard’s payout ratio is currently 20.34%.

In other Mastercard news, insider Michael Miebach sold 2,770 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $285.00, for a total value of $789,450.00. Following the sale, the insider now directly owns 12,778 shares of the company’s stock, valued at $3,641,730. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Foundation Mastercard sold 7,542 shares of the firm’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $261.82, for a total value of $1,974,646.44. Following the completion of the sale, the insider now directly owns 111,969,978 shares in the company, valued at $29,315,979,639.96. The disclosure for this sale can be found here. Over the last three months, insiders sold 83,190 shares of company stock worth $22,826,323. 3.70% of the stock is owned by corporate insiders.

MA has been the subject of several research analyst reports. SunTrust Banks raised their price objective on Mastercard from $310.00 to $325.00 and gave the stock a “buy” rating in a research note on Friday, September 13th. ValuEngine cut Mastercard from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Royal Bank of Canada set a $315.00 price objective on Mastercard and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Barclays raised their target price on Mastercard from $319.00 to $320.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. Finally, Tigress Financial reaffirmed a “buy” rating on shares of Mastercard in a report on Thursday, August 22nd. Three research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $303.45.

Mastercard Profile

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.

See Also: What causes a stock to be most active?

Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Inc (NYSE:MA).

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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