IBM Retirement Fund Sells 158 Shares of Mastercard Inc (NYSE:MA)

IBM Retirement Fund lessened its stake in shares of Mastercard Inc (NYSE:MA) by 1.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,334 shares of the credit services provider’s stock after selling 158 shares during the quarter. Mastercard makes up about 0.8% of IBM Retirement Fund’s portfolio, making the stock its 19th biggest position. IBM Retirement Fund’s holdings in Mastercard were worth $4,164,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MA. Claro Advisors LLC raised its stake in Mastercard by 4.1% in 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 last quarter. B & T Capital Management DBA Alpha Capital Management raised its stake in Mastercard by 0.5% in the 3rd quarter. B & T Capital Management DBA Alpha Capital Management now owns 7,284 shares of the credit services provider’s stock worth $1,978,000 after acquiring an additional 37 shares during the last quarter. Bingham Osborn & Scarborough LLC raised its stake in Mastercard by 4.3% in the 3rd quarter. Bingham Osborn & Scarborough LLC now owns 892 shares of the credit services provider’s stock worth $242,000 after acquiring an additional 37 shares during the last quarter. Quadrant Capital Group LLC raised its stake in Mastercard by 0.3% in 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 last quarter. Finally, First Personal Financial Services raised its stake in Mastercard by 4.8% in 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 last quarter. 74.13% of the stock is currently owned by institutional investors and hedge funds.

MA traded up $0.73 during midday trading on Wednesday, hitting $277.87. 190,680 shares of the company were exchanged, compared to its average volume of 3,512,260. The company’s 50 day simple moving average is $272.65 and its 200 day simple moving average is $268.02. The firm has a market capitalization of $277.33 billion, a price-to-earnings ratio of 42.84, a price-to-earnings-growth ratio of 2.24 and a beta of 1.04. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 1.55. Mastercard Inc has a 1-year low of $171.89 and a 1-year high of $293.69.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $2.15 earnings per share for the quarter, topping the consensus estimate of $2.01 by $0.14. The company had revenue of $4.47 billion for the quarter, compared to the consensus estimate of $4.41 billion. Mastercard had a return on equity of 146.92% and a net margin of 42.50%. The firm’s revenue for the quarter was up 14.6% compared to the same quarter last year. During the same period last year, the firm earned $1.78 EPS. On average, equities analysts anticipate that Mastercard Inc will post 7.69 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 0.48%. The ex-dividend date was Tuesday, October 8th. Mastercard’s dividend payout ratio is currently 20.34%.

In other news, major shareholder Foundation Mastercard sold 7,542 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $270.00, for a total transaction of $2,036,340.00. Following the sale, the insider now directly owns 111,902,100 shares in the company, valued at approximately $30,213,567,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard Haythornthwaite sold 5,000 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $280.00, for a total value of $1,400,000.00. Following the sale, the director now owns 32,119 shares in the company, valued at $8,993,320. The disclosure for this sale can be found here. Insiders have sold a total of 83,190 shares of company stock worth $22,826,323 over the last 90 days. Insiders own 3.70% of the company’s stock.

A number of brokerages recently issued reports on MA. Morgan Stanley raised their target price on Mastercard from $315.00 to $317.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Moffett Nathanson set a $320.00 target price on Mastercard and gave the stock a “buy” rating in a research note on Wednesday, September 18th. ValuEngine lowered Mastercard from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Royal Bank of Canada set a $315.00 target price on Mastercard and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Finally, BMO Capital Markets raised their target price on Mastercard to $348.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. They noted that the move was a valuation call. Three research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $303.45.

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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