Mastercard Inc (NYSE:MA) Shares Acquired by Forte Capital LLC ADV

Forte Capital LLC ADV boosted its stake in shares of Mastercard Inc (NYSE:MA) by 3.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 49,359 shares of the credit services provider’s stock after purchasing an additional 1,513 shares during the quarter. Mastercard makes up approximately 4.1% of Forte Capital LLC ADV’s holdings, making the stock its 5th largest position. Forte Capital LLC ADV’s holdings in Mastercard were worth $13,394,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Claro Advisors LLC boosted its position in Mastercard by 4.1% during the 2nd quarter. Claro Advisors LLC now owns 934 shares of the credit services provider’s stock worth $247,000 after acquiring an additional 37 shares during the period. Quadrant Capital Group LLC boosted its position in Mastercard by 0.3% during the 2nd quarter. Quadrant Capital Group LLC now owns 15,147 shares of the credit services provider’s stock worth $3,989,000 after acquiring an additional 38 shares during the period. First Personal Financial Services boosted its position in Mastercard by 4.8% during the 2nd quarter. First Personal Financial Services now owns 832 shares of the credit services provider’s stock worth $220,000 after acquiring an additional 38 shares during the period. Campbell Wealth Management boosted its position in Mastercard by 3.9% during the 2nd quarter. Campbell Wealth Management now owns 1,007 shares of the credit services provider’s stock worth $266,000 after acquiring an additional 38 shares during the period. Finally, Virtus ETF Advisers LLC boosted its position in Mastercard by 23.0% during the 2nd quarter. Virtus ETF Advisers LLC now owns 203 shares of the credit services provider’s stock worth $54,000 after acquiring an additional 38 shares during the period. Institutional investors and hedge funds own 74.30% of the company’s stock.

A number of research analysts have issued reports on the company. SunTrust Banks boosted their price target on Mastercard from $310.00 to $325.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. Barclays boosted their price objective on Mastercard from $310.00 to $319.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Citigroup boosted their price objective on Mastercard from $288.00 to $317.00 and gave the stock a “buy” rating in a research note on Monday, September 9th. Raymond James boosted their price objective on Mastercard from $300.00 to $308.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Finally, Nomura boosted their price objective on Mastercard from $282.00 to $324.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Three analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $299.09.

Shares of Mastercard stock traded up $5.17 on Wednesday, reaching $272.24. 2,134,161 shares of the company were exchanged, compared to its average volume of 3,513,679. The stock has a fifty day moving average price of $275.97 and a 200-day moving average price of $262.02. The firm has a market capitalization of $278.05 billion, a price-to-earnings ratio of 41.95, a price-to-earnings-growth ratio of 2.27 and a beta of 1.06. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 1.55. Mastercard Inc has a fifty-two week low of $171.89 and a fifty-two week high of $293.69.

Mastercard (NYSE:MA) last announced its earnings results on Tuesday, July 30th. The credit services provider reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.82 by $0.07. The company had revenue of $4.11 billion for the quarter, compared to analyst estimates of $4.08 billion. Mastercard had a return on equity of 135.02% and a net margin of 42.71%. Mastercard’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.66 earnings per share. On average, equities analysts anticipate that Mastercard Inc will post 7.61 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date is Tuesday, October 8th. Mastercard’s dividend payout ratio (DPR) is presently 20.34%.

In other news, major shareholder Foundation Mastercard sold 7,950 shares of the business’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $279.16, for a total transaction of $2,219,322.00. Following the sale, the insider now directly owns 112,173,812 shares of the company’s stock, valued at $31,314,441,357.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard K. Davis bought 1,735 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were bought at an average cost of $270.09 per share, for a total transaction of $468,606.15. Following the completion of the transaction, the director now directly owns 6,031 shares of the company’s stock, valued at $1,628,912.79. The disclosure for this purchase can be found here. Insiders have sold 140,143 shares of company stock worth $38,535,340 over the last ninety days. 3.70% of the stock is owned by insiders.

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.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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