Mastercard Incorporated (NYSE:MA) Holdings Raised by Buckley Wealth Management LLC

Buckley Wealth Management LLC lifted its stake in shares of Mastercard Incorporated (NYSE:MA) by 2.8% during the second quarter, Holdings Channel.com reports. The firm owned 2,570 shares of the credit services provider’s stock after acquiring an additional 70 shares during the period. Buckley Wealth Management LLC’s holdings in Mastercard were worth $1,011,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Fragasso Group Inc. raised its stake in shares of Mastercard by 12.9% during the second quarter. Fragasso Group Inc. now owns 1,115 shares of the credit services provider’s stock valued at $438,000 after purchasing an additional 127 shares in the last quarter. Sigma Investment Counselors Inc. raised its position in Mastercard by 13.8% in the first quarter. Sigma Investment Counselors Inc. now owns 808 shares of the credit services provider’s stock worth $294,000 after acquiring an additional 98 shares in the last quarter. Bell Bank raised its position in Mastercard by 2.0% in the first quarter. Bell Bank now owns 1,908 shares of the credit services provider’s stock worth $693,000 after acquiring an additional 38 shares in the last quarter. Old North State Trust LLC raised its position in Mastercard by 5.8% in the first quarter. Old North State Trust LLC now owns 1,336 shares of the credit services provider’s stock worth $486,000 after acquiring an additional 73 shares in the last quarter. Finally, M&R Capital Management Inc. raised its position in Mastercard by 2.5% in the second quarter. M&R Capital Management Inc. now owns 3,617 shares of the credit services provider’s stock worth $1,423,000 after acquiring an additional 87 shares in the last quarter. 74.94% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. 888 reiterated a “reiterates” rating on shares of Mastercard in a research report on Friday, June 30th. BMO Capital Markets boosted their price target on shares of Mastercard from $463.00 to $488.00 and gave the stock an “outperform” rating in a research report on Friday, July 28th. Jefferies Financial Group boosted their price target on shares of Mastercard from $460.00 to $475.00 and gave the stock a “buy” rating in a research report on Friday. Credit Suisse Group lifted their price target on Mastercard from $400.00 to $430.00 and gave the stock an “outperform” rating in a research note on Friday, July 28th. Finally, The Goldman Sachs Group lifted their price target on Mastercard from $442.00 to $452.00 in a research note on Thursday, July 13th. One equities research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $442.83.

Mastercard Stock Up 0.4 %

Shares of NYSE MA traded up $1.63 during trading hours on Monday, hitting $415.94. The stock had a trading volume of 497,310 shares, compared to its average volume of 2,675,827. The company has a market capitalization of $391.90 billion, a P/E ratio of 38.87, a P/E/G ratio of 1.86 and a beta of 1.10. The firm’s 50-day moving average price is $401.97 and its two-hundred day moving average price is $381.97. Mastercard Incorporated has a 52 week low of $276.87 and a 52 week high of $418.60. The company has a debt-to-equity ratio of 2.57, a quick ratio of 1.13 and a current ratio of 1.13.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, July 27th. The credit services provider reported $2.89 EPS for the quarter, beating the consensus estimate of $2.84 by $0.05. The business had revenue of $6.30 billion during the quarter, compared to analysts’ expectations of $6.18 billion. Mastercard had a return on equity of 178.10% and a net margin of 43.37%. The firm’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.56 EPS. Analysts anticipate that Mastercard Incorporated will post 12.13 EPS for the current fiscal year.

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 9th. Investors of record on Friday, July 7th were issued a $0.57 dividend. The ex-dividend date of this dividend was Thursday, July 6th. This represents a $2.28 annualized dividend and a yield of 0.55%. Mastercard’s dividend payout ratio (DPR) is currently 21.37%.

Insider Buying and Selling

In related news, CFO J. Mehra Sachin sold 6,000 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $413.65, for a total value of $2,481,900.00. Following the completion of the sale, the chief financial officer now directly owns 20,707 shares in the company, valued at approximately $8,565,450.55. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CFO J. Mehra Sachin sold 6,000 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $413.65, for a total transaction of $2,481,900.00. Following the completion of the transaction, the chief financial officer now directly owns 20,707 shares in the company, valued at $8,565,450.55. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Craig Vosburg sold 6,333 shares of the company’s stock in a transaction that occurred on Wednesday, July 12th. The stock was sold at an average price of $400.00, for a total value of $2,533,200.00. Following the transaction, the insider now owns 46,491 shares of the company’s stock, valued at $18,596,400. The disclosure for this sale can be found here. In the last ninety days, insiders sold 407,267 shares of company stock worth $161,485,243. 0.13% of the stock is currently 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 other payment-related products and services.