First National Trust Co Raises Position in Mastercard Incorporated (NYSE:MA)

First National Trust Co raised its position in shares of Mastercard Incorporated (NYSE:MA) by 6.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,653 shares of the credit services provider’s stock after purchasing an additional 229 shares during the period. First National Trust Co’s holdings in Mastercard were worth $1,558,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of MA. AJOVista LLC purchased a new position in shares of Mastercard in the fourth quarter worth about $145,000. ARS Wealth Advisors Group LLC grew its stake in Mastercard by 8.7% in the 4th quarter. ARS Wealth Advisors Group LLC now owns 27,526 shares of the credit services provider’s stock valued at $11,740,000 after buying an additional 2,200 shares in the last quarter. Provence Wealth Management Group raised its holdings in Mastercard by 8.7% during the 4th quarter. Provence Wealth Management Group now owns 2,096 shares of the credit services provider’s stock valued at $894,000 after acquiring an additional 168 shares during the period. Legacy Financial Advisors Inc. lifted its position in shares of Mastercard by 4.2% during the fourth quarter. Legacy Financial Advisors Inc. now owns 3,915 shares of the credit services provider’s stock worth $1,670,000 after acquiring an additional 156 shares in the last quarter. Finally, Sapient Capital LLC bought a new position in shares of Mastercard in the fourth quarter worth $41,441,000. 97.28% of the stock is owned by institutional investors.

Insider Buying and Selling at Mastercard

In related news, major shareholder Foundation Mastercard sold 200 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $487.25, for a total value of $97,450.00. Following the sale, the insider now directly owns 97,543,308 shares of the company’s stock, valued at $47,527,976,823. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, major shareholder Foundation Mastercard sold 200 shares of the firm’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $487.25, for a total value of $97,450.00. Following the completion of the sale, the insider now owns 97,543,308 shares of the company’s stock, valued at $47,527,976,823. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael Miebach sold 7,851 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $475.92, for a total transaction of $3,736,447.92. Following the transaction, the chief executive officer now directly owns 47,640 shares in the company, valued at $22,672,828.80. The disclosure for this sale can be found here. Insiders sold 583,088 shares of company stock valued at $266,873,978 in the last quarter. Company insiders own 0.13% of the company’s stock.

Mastercard Trading Up 0.6 %

Shares of NYSE:MA traded up $2.48 on Friday, reaching $443.58. 3,711,610 shares of the company traded hands, compared to its average volume of 2,507,301. The stock has a market capitalization of $413.81 billion, a P/E ratio of 35.26, a price-to-earnings-growth ratio of 1.72 and a beta of 1.08. The business’s 50-day simple moving average is $469.57 and its 200 day simple moving average is $437.74. The company has a current ratio of 1.09, a quick ratio of 1.17 and a debt-to-equity ratio of 1.86. Mastercard Incorporated has a 52 week low of $357.85 and a 52 week high of $490.00.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.22 by $0.09. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. The business had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.34 billion. During the same period last year, the company earned $2.80 EPS. Mastercard’s revenue for the quarter was up 10.4% compared to the same quarter last year. As a group, equities analysts anticipate that Mastercard Incorporated will post 14.22 EPS for the current fiscal year.

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Tuesday, April 9th will be issued a dividend of $0.66 per share. The ex-dividend date is Monday, April 8th. This represents a $2.64 dividend on an annualized basis and a yield of 0.60%. Mastercard’s dividend payout ratio is currently 20.99%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Mizuho decreased their price objective on Mastercard from $480.00 to $478.00 and set a “buy” rating on the stock in a research note on Thursday. KeyCorp boosted their price objective on shares of Mastercard from $475.00 to $490.00 and gave the company an “overweight” rating in a research note on Thursday, February 1st. BMO Capital Markets increased their target price on shares of Mastercard from $480.00 to $490.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Wells Fargo & Company boosted their price target on shares of Mastercard from $490.00 to $530.00 and gave the company an “overweight” rating in a research report on Wednesday, March 6th. Finally, Evercore ISI increased their price objective on Mastercard from $530.00 to $545.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. Two research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $493.55.

About Mastercard

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.