Fisher Asset Management LLC Sells 231,187 Shares of Mastercard Incorporated (NYSE:MA)

Fisher Asset Management LLC lessened its holdings in shares of Mastercard Incorporated (NYSE:MA) by 5.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,663,875 shares of the credit services provider’s stock after selling 231,187 shares during the quarter. Mastercard makes up 1.1% of Fisher Asset Management LLC’s portfolio, making the stock its 21st biggest position. Fisher Asset Management LLC’s holdings in Mastercard were worth $1,239,013,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Carolina Wealth Advisors LLC purchased a new stake in Mastercard in the third quarter worth $30,000. Newfound Research LLC purchased a new stake in Mastercard in the third quarter worth $34,000. Larson Financial Group LLC grew its stake in Mastercard by 55.2% in the third quarter. Larson Financial Group LLC now owns 104 shares of the credit services provider’s stock worth $35,000 after purchasing an additional 37 shares during the period. Avion Wealth purchased a new stake in Mastercard in the third quarter worth $37,000. Finally, Evolution Wealth Advisors LLC grew its stake in Mastercard by 530.4% in the second quarter. Evolution Wealth Advisors LLC now owns 145 shares of the credit services provider’s stock worth $43,000 after purchasing an additional 122 shares during the period. Institutional investors own 73.72% of the company’s stock.

In related news, Director Richard Haythornthwaite sold 6,583 shares of the firm’s stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $328.87, for a total transaction of $2,164,951.21. Following the completion of the sale, the director now directly owns 27,432 shares of the company’s stock, valued at approximately $9,021,561.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Foundation Mastercard sold 60,210 shares of the firm’s stock in a transaction that occurred on Wednesday, November 11th. The stock was sold at an average price of $337.09, for a total value of $20,296,188.90. Insiders have sold a total of 550,868 shares of company stock valued at $175,693,281 in the last 90 days. 3.79% of the stock is currently owned by company insiders.

NYSE MA traded down $10.88 during trading on Friday, hitting $323.00. 4,144,864 shares of the stock traded hands, compared to its average volume of 4,865,302. The company has a market capitalization of $322.01 billion, a P/E ratio of 48.43, a price-to-earnings-growth ratio of 2.82 and a beta of 1.16. The firm has a 50-day simple moving average of $328.52 and a 200-day simple moving average of $316.79. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 2.15. Mastercard Incorporated has a 12-month low of $199.99 and a 12-month high of $367.25.

Mastercard (NYSE:MA) last released its quarterly earnings results on Wednesday, October 28th. The credit services provider reported $1.60 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.05). Mastercard had a net margin of 43.13% and a return on equity of 114.80%. As a group, research analysts predict that Mastercard Incorporated will post 6.33 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, November 9th. Shareholders of record on Friday, October 9th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.50%. The ex-dividend date of this dividend was Thursday, October 8th. Mastercard’s dividend payout ratio is presently 20.59%.

MA has been the topic of several recent research reports. Royal Bank of Canada reduced their price target on Mastercard from $350.00 to $372.00 in a research note on Thursday, October 29th. Raymond James increased their target price on Mastercard from $301.00 to $351.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. JPMorgan Chase & Co. cut their target price on Mastercard from $372.00 to $342.00 and set an “overweight” rating on the stock in a research note on Thursday, October 29th. Compass Point increased their target price on Mastercard from $330.00 to $370.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Finally, Barclays increased their target price on Mastercard from $360.00 to $385.00 and gave the stock an “overweight” rating in a research note on Monday, September 21st. Five research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $348.18.

About Mastercard

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.

Further Reading: Understanding Specialty Certificates of Deposit

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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