Harbour Investments Inc. Sells 80 Shares of Mastercard Incorporated (NYSE:MA)

Harbour Investments Inc. lowered its position in Mastercard Incorporated (NYSE:MA) by 0.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 9,567 shares of the credit services provider’s stock after selling 80 shares during the period. Harbour Investments Inc.’s holdings in Mastercard were worth $4,724,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. China Universal Asset Management Co. Ltd. boosted its holdings in shares of Mastercard by 46.4% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 14,785 shares of the credit services provider’s stock valued at $7,120,000 after purchasing an additional 4,685 shares during the last quarter. Avantax Advisory Services Inc. raised its position in shares of Mastercard by 6.9% during the 1st quarter. Avantax Advisory Services Inc. now owns 20,119 shares of the credit services provider’s stock valued at $9,689,000 after buying an additional 1,296 shares in the last quarter. State Board of Administration of Florida Retirement System raised its position in shares of Mastercard by 5.9% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 941,209 shares of the credit services provider’s stock valued at $453,258,000 after buying an additional 52,109 shares in the last quarter. Angeles Wealth Management LLC raised its position in shares of Mastercard by 18.4% during the 1st quarter. Angeles Wealth Management LLC now owns 4,733 shares of the credit services provider’s stock valued at $2,279,000 after buying an additional 734 shares in the last quarter. Finally, Tradewinds LLC. purchased a new stake in shares of Mastercard during the 1st quarter valued at about $403,000. Institutional investors own 97.28% of the company’s stock.

Analyst Upgrades and Downgrades

MA has been the topic of several recent research reports. TD Cowen upped their target price on shares of Mastercard from $532.00 to $533.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Susquehanna increased their price objective on shares of Mastercard from $540.00 to $605.00 and gave the stock a “positive” rating in a research report on Friday, November 1st. Citigroup increased their price objective on shares of Mastercard from $566.00 to $572.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Oppenheimer initiated coverage on shares of Mastercard in a research report on Tuesday, October 1st. They issued an “outperform” rating and a $591.00 price objective on the stock. Finally, JPMorgan Chase & Co. dropped their target price on shares of Mastercard from $593.00 to $580.00 and set an “overweight” rating on the stock in a research note on Friday, November 1st. Four analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $540.17.

Insiders Place Their Bets

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the completion of the transaction, the chief marketing officer now owns 15,031 shares of the company’s stock, valued at $7,363,085.66. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the completion of the transaction, the chief marketing officer now owns 15,031 shares of the company’s stock, valued at $7,363,085.66. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Foundation Mastercard sold 109,000 shares of the firm’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $467.45, for a total transaction of $50,952,050.00. Following the sale, the insider now owns 91,924,308 shares in the company, valued at approximately $42,970,017,774.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 327,370 shares of company stock valued at $153,495,958. Insiders own 0.10% of the company’s stock.

Mastercard Price Performance

Shares of MA opened at $530.12 on Tuesday. The company has a market cap of $486.56 billion, a price-to-earnings ratio of 40.10, a price-to-earnings-growth ratio of 2.30 and a beta of 1.10. Mastercard Incorporated has a twelve month low of $393.02 and a twelve month high of $534.03. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.36. The company has a 50 day moving average of $499.68 and a two-hundred day moving average of $468.93.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, beating the consensus estimate of $3.73 by $0.16. The company had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.27 billion. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. Mastercard’s revenue was up 12.8% compared to the same quarter last year. During the same period last year, the firm earned $3.39 earnings per share. As a group, analysts predict that Mastercard Incorporated will post 14.45 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th were issued a $0.66 dividend. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.50%. Mastercard’s dividend payout ratio is currently 19.97%.

Mastercard Company Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.