Tillar Wenstrup Advisors LLC cut its stake in shares of Mastercard Incorporated (NYSE:MA) by 8.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,245 shares of the credit services provider’s stock after selling 1,695 shares during the quarter. Mastercard accounts for about 2.0% of Tillar Wenstrup Advisors LLC’s investment portfolio, making the stock its 20th largest holding. Tillar Wenstrup Advisors LLC’s holdings in Mastercard were worth $2,576,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently modified their holdings of the stock. Chicago Partners Investment Group LLC increased its position in Mastercard by 1,365.6% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 938 shares of the credit services provider’s stock valued at $105,000 after buying an additional 874 shares in the last quarter. Thompson Davis & CO. Inc. boosted its stake in Mastercard by 170.1% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 867 shares of the credit services provider’s stock valued at $105,000 after purchasing an additional 546 shares during the last quarter. Proficio Capital Partners LLC boosted its stake in Mastercard by 1.3% during the 2nd quarter. Proficio Capital Partners LLC now owns 905 shares of the credit services provider’s stock valued at $118,000 after purchasing an additional 12 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Mastercard during the 2nd quarter valued at $121,000. Finally, Acrospire Investment Management LLC purchased a new position in shares of Mastercard in the 2nd quarter worth $121,000. Institutional investors own 75.58% of the company’s stock.
In other news, insider Edward Grunde Mclaughlin sold 17,167 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $151.81, for a total transaction of $2,606,122.27. Following the completion of the sale, the insider now owns 47,901 shares in the company, valued at approximately $7,271,850.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.30% of the stock is currently owned by corporate insiders.
Mastercard Incorporated (MA) traded up $1.06 on Thursday, hitting $160.92. 2,649,500 shares of the company traded hands, compared to its average volume of 3,500,000. Mastercard Incorporated has a 52-week low of $104.01 and a 52-week high of $161.13. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.66 and a current ratio of 1.66. The firm has a market cap of $170,360.00, a P/E ratio of 37.51, a PEG ratio of 1.80 and a beta of 1.21.
Mastercard (NYSE:MA) last released its quarterly earnings data on Tuesday, October 31st. The credit services provider reported $1.34 EPS for the quarter, beating the Zacks’ consensus estimate of $1.23 by $0.11. The company had revenue of $3.40 billion during the quarter, compared to the consensus estimate of $3.28 billion. Mastercard had a net margin of 38.70% and a return on equity of 78.38%. Mastercard’s quarterly revenue was up 18.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.08 EPS. sell-side analysts expect that Mastercard Incorporated will post 4.54 earnings per share for the current year.
Mastercard announced that its Board of Directors has approved a stock buyback program on Monday, December 4th that authorizes the company to buyback $4.00 billion in outstanding shares. This buyback authorization authorizes the credit services provider to purchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Shareholders of record on Tuesday, January 9th will be issued a $0.25 dividend. This is an increase from Mastercard’s previous quarterly dividend of $0.22. The ex-dividend date is Monday, January 8th. This represents a $1.00 dividend on an annualized basis and a yield of 0.62%. Mastercard’s dividend payout ratio is presently 23.31%.
A number of research firms have recently issued reports on MA. Zacks Investment Research upgraded Mastercard from a “hold” rating to a “buy” rating and set a $170.00 price target on the stock in a research note on Tuesday, January 2nd. Barclays reiterated a “buy” rating and set a $170.00 target price on shares of Mastercard in a research report on Friday, January 5th. Credit Suisse Group reissued a “hold” rating and set a $164.00 price target on shares of Mastercard in a report on Monday. Wells Fargo & Co reissued an “outperform” rating and set a $178.00 price target (up from $167.00) on shares of Mastercard in a report on Tuesday. Finally, Cantor Fitzgerald initiated coverage on Mastercard in a report on Thursday, September 28th. They issued an “overweight” rating and a $165.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $160.69.
COPYRIGHT VIOLATION WARNING: This story was first published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this story on another website, it was copied illegally and reposted in violation of United States and international copyright and trademark law. The correct version of this story can be accessed at https://www.dispatchtribunal.com/2018/01/11/mastercard-incorporated-ma-stake-lowered-by-tillar-wenstrup-advisors-llc.html.
Mastercard Company Profile
MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.
Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.