World Asset Management Inc lessened its position in Mastercard Incorporated (NYSE:MA) by 7.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 84,162 shares of the credit services provider’s stock after selling 6,818 shares during the quarter. World Asset Management Inc’s holdings in Mastercard were worth $12,739,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MA. First Eagle Investment Management LLC boosted its position in Mastercard by 26.0% during the second quarter. First Eagle Investment Management LLC now owns 2,164,957 shares of the credit services provider’s stock valued at $262,934,000 after buying an additional 446,760 shares during the period. Capital Investment Counsel Inc purchased a new stake in Mastercard during the second quarter valued at about $210,000. ZWJ Investment Counsel Inc. boosted its position in Mastercard by 1.2% during the second quarter. ZWJ Investment Counsel Inc. now owns 5,067 shares of the credit services provider’s stock valued at $615,000 after buying an additional 60 shares during the period. BB&T Securities LLC boosted its position in Mastercard by 39.7% during the second quarter. BB&T Securities LLC now owns 120,081 shares of the credit services provider’s stock valued at $14,583,000 after buying an additional 34,139 shares during the period. Finally, Financial Advisors Network Inc. boosted its position in Mastercard by 2.8% during the second quarter. Financial Advisors Network Inc. now owns 3,046 shares of the credit services provider’s stock valued at $370,000 after buying an additional 84 shares during the period. 75.66% of the stock is currently owned by institutional investors and hedge funds.

In other Mastercard 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 directly owns 47,901 shares in the company, valued at $7,271,850.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.30% of the company’s stock.

Several analysts have issued reports on the stock. Vetr upgraded shares of Mastercard from a “sell” rating to a “hold” rating and set a $158.70 price target for the company in a research report on Thursday, January 11th. Tigress Financial restated a “buy” rating on shares of Mastercard in a research report on Thursday. Sanford C. Bernstein reiterated a “buy” rating and set a $180.00 target price (up from $166.00) on shares of Mastercard in a report on Monday, December 11th. Argus upgraded shares of Mastercard from a “hold” rating to a “buy” rating and set a $200.00 target price for the company in a report on Friday, February 2nd. Finally, Cantor Fitzgerald increased their target price on shares of Mastercard to $198.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating and thirty-one have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $176.64.

Shares of Mastercard Incorporated (NYSE MA) opened at $167.40 on Monday. The company has a quick ratio of 1.66, a current ratio of 1.57 and a debt-to-equity ratio of 0.99. Mastercard Incorporated has a 1-year low of $107.54 and a 1-year high of $177.11. The company has a market cap of $174,120.80, a PE ratio of 45.26, a price-to-earnings-growth ratio of 1.53 and a beta of 1.26.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, February 1st. The credit services provider reported $1.14 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.02. Mastercard had a net margin of 31.33% and a return on equity of 83.57%. The business had revenue of $3.31 billion during the quarter, compared to analyst estimates of $3.25 billion. During the same period last year, the business posted $0.86 earnings per share. Mastercard’s quarterly revenue was up 20.2% compared to the same quarter last year. equities analysts anticipate that Mastercard Incorporated will post 5.88 EPS for the current fiscal year.

Mastercard announced that its Board of Directors has approved a stock buyback program 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. Stock repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 9th. Shareholders of record on Monday, April 9th will be issued a $0.25 dividend. The ex-dividend date is Friday, April 6th. This represents a $1.00 annualized dividend and a yield of 0.60%. Mastercard’s dividend payout ratio (DPR) is presently 27.40%.

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Mastercard Company 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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