West Oak Capital LLC trimmed its position in shares of Mastercard Inc (NYSE:MA) by 2.4% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,425 shares of the credit services provider’s stock after selling 85 shares during the quarter. West Oak Capital LLC’s holdings in Mastercard were worth $806,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently modified their holdings of the company. CX Institutional boosted its stake in Mastercard by 9.5% during the first quarter. CX Institutional now owns 1,003 shares of the credit services provider’s stock worth $236,000 after buying an additional 87 shares during the last quarter. Cox Capital Mgt LLC boosted its stake in Mastercard by 1.5% during the first quarter. Cox Capital Mgt LLC now owns 10,224 shares of the credit services provider’s stock worth $2,407,000 after buying an additional 156 shares during the last quarter. First Hawaiian Bank boosted its stake in Mastercard by 0.5% during the first quarter. First Hawaiian Bank now owns 21,999 shares of the credit services provider’s stock worth $5,180,000 after buying an additional 116 shares during the last quarter. Cumberland Advisors Inc. acquired a new position in Mastercard during the first quarter worth $212,000. Finally, Donaldson Capital Management LLC boosted its stake in Mastercard by 5.1% during the first quarter. Donaldson Capital Management LLC now owns 1,441 shares of the credit services provider’s stock worth $339,000 after buying an additional 70 shares during the last quarter. Hedge funds and other institutional investors own 75.55% of the company’s stock.
In related news, insider Edward Grunde Mclaughlin sold 20,269 shares of the stock in a transaction dated Tuesday, January 22nd. The stock was sold at an average price of $199.53, for a total transaction of $4,044,273.57. Following the transaction, the insider now owns 37,374 shares of the company’s stock, valued at approximately $7,457,234.22. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Michael Miebach sold 2,711 shares of the stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $240.28, for a total value of $651,399.08. Following the transaction, the insider now directly owns 20,492 shares in the company, valued at approximately $4,923,817.76. The disclosure for this sale can be found here. In the last three months, insiders have sold 99,716 shares of company stock worth $22,428,540. 0.32% of the stock is owned by corporate insiders.
Mastercard (NYSE:MA) last posted its earnings results on Thursday, January 31st. The credit services provider reported $1.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.52 by $0.03. Mastercard had a return on equity of 122.25% and a net margin of 39.19%. The firm had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.79 billion. Equities analysts forecast that Mastercard Inc will post 7.56 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Tuesday, April 9th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend is Monday, April 8th. Mastercard’s payout ratio is 20.34%.
A number of research firms have weighed in on MA. Deutsche Bank boosted their price objective on Mastercard from $221.00 to $267.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Zacks Investment Research reissued a “buy” rating and set a $205.00 price objective on shares of Mastercard in a research note on Monday, December 31st. Oppenheimer boosted their price objective on Mastercard from $242.00 to $259.00 and gave the stock an “outperform” rating in a research note on Wednesday. Wedbush upped their price target on Mastercard from $220.00 to $235.00 and gave the company an “outperform” rating in a research note on Thursday, March 14th. Finally, Credit Suisse Group reaffirmed a “buy” rating and issued a $217.00 price target on shares of Mastercard in a research note on Monday, January 7th. Three equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $233.48.
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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.
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