Armstrong Henry H Associates Inc. raised its holdings in Mastercard Incorporated (NYSE:MA) by 2.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 28,534 shares of the credit services provider’s stock after acquiring an additional 750 shares during the quarter. Mastercard makes up 0.7% of Armstrong Henry H Associates Inc.’s holdings, making the stock its 13th largest holding. Armstrong Henry H Associates Inc.’s holdings in Mastercard were worth $4,319,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in MA. Massey Quick Simon & CO. LLC bought a new position in Mastercard in the 3rd quarter valued at $102,000. Thompson Davis & CO. Inc. grew its position in Mastercard by 170.1% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 867 shares of the credit services provider’s stock valued at $105,000 after acquiring an additional 546 shares during the last quarter. Wealthcare Advisory Partners LLC bought a new position in Mastercard in the 3rd quarter valued at $106,000. Acrospire Investment Management LLC bought a new position in Mastercard in the 2nd quarter valued at $121,000. Finally, Horan Capital Advisors LLC. bought a new position in Mastercard in the 3rd quarter valued at $131,000. 75.66% of the stock is currently owned by institutional investors.
In other news, insider Edward Grunde Mclaughlin sold 17,167 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $151.81, for a total value of $2,606,122.27. Following the completion of the transaction, the insider now directly owns 47,901 shares in the company, valued at $7,271,850.81. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.30% of the company’s stock.
A number of equities analysts have recently issued reports on the company. Cantor Fitzgerald increased their price target on Mastercard to $198.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Loop Capital increased their price target on Mastercard to $193.00 and gave the stock a “positive” rating in a research report on Friday, February 2nd. They noted that the move was a valuation call. Argus raised Mastercard from a “hold” rating to a “buy” rating and set a $200.00 price target on the stock in a research report on Friday, February 2nd. Zacks Investment Research downgraded Mastercard from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Piper Jaffray Companies increased their price target on Mastercard from $208.00 to $212.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and thirty-one have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $176.64.
Shares of Mastercard Incorporated (MA) opened at $170.12 on Wednesday. The company has a quick ratio of 1.66, a current ratio of 1.57 and a debt-to-equity ratio of 0.99. Mastercard Incorporated has a 12 month low of $107.76 and a 12 month high of $177.11. The company has a market capitalization of $180,100.00, a PE ratio of 46.61, a price-to-earnings-growth ratio of 1.53 and a beta of 1.26.
Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, February 1st. The credit services provider reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.02. Mastercard had a return on equity of 83.57% and a net margin of 31.33%. The company had revenue of $3.31 billion during the quarter, compared to analysts’ expectations of $3.25 billion. During the same period last year, the business posted $0.86 earnings per share. The firm’s revenue was up 20.2% compared to the same quarter last year. equities research analysts predict that Mastercard Incorporated will post 5.88 EPS for the current year.
Mastercard declared that its Board of Directors has initiated a stock repurchase program on Monday, December 4th that permits the company to repurchase $4.00 billion in shares. This repurchase authorization permits the credit services provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 9th. Stockholders of record on Monday, April 9th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend is Friday, April 6th. Mastercard’s payout ratio is 27.40%.
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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.
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