McKinley Carter Wealth Services Inc. decreased its position in Mastercard Incorporated (NYSE:MA – Get Rating) by 0.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 17,848 shares of the credit services provider’s stock after selling 98 shares during the quarter. McKinley Carter Wealth Services Inc.’s holdings in Mastercard were worth $5,631,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the company. PrairieView Partners LLC grew its holdings in Mastercard by 58.2% during the 1st quarter. PrairieView Partners LLC now owns 87 shares of the credit services provider’s stock worth $31,000 after acquiring an additional 32 shares during the last quarter. Cordant Inc. bought a new stake in Mastercard during the 1st quarter worth about $32,000. Western Pacific Wealth Management LP bought a new stake in Mastercard during the 4th quarter worth about $39,000. Joseph P. Lucia & Associates LLC bought a new stake in Mastercard during the 1st quarter worth about $44,000. Finally, American National Bank bought a new position in shares of Mastercard in the 1st quarter valued at about $46,000. Institutional investors own 75.10% of the company’s stock.
Mastercard Stock Down 1.8 %
Shares of MA traded down $5.48 during mid-day trading on Friday, hitting $292.88. 107,568 shares of the company’s stock were exchanged, compared to its average volume of 2,266,435. The company has a market cap of $283.03 billion, a PE ratio of 29.69, a P/E/G ratio of 1.41 and a beta of 1.06. Mastercard Incorporated has a 52 week low of $296.59 and a 52 week high of $399.92. The company has a 50-day simple moving average of $338.13 and a 200 day simple moving average of $340.44. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.26 and a quick ratio of 1.26.
Mastercard Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 9th. Investors of record on Friday, October 7th will be paid a $0.49 dividend. The ex-dividend date of this dividend is Thursday, October 6th. This represents a $1.96 annualized dividend and a dividend yield of 0.67%. Mastercard’s dividend payout ratio is presently 19.86%.
Insider Activity at Mastercard
In related news, CFO J. Mehra Sachin sold 5,000 shares of the firm’s stock in a transaction on Monday, August 15th. The shares were sold at an average price of $360.00, for a total value of $1,800,000.00. Following the completion of the transaction, the chief financial officer now directly owns 15,723 shares of the company’s stock, valued at $5,660,280. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.29% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
MA has been the topic of several recent research reports. Robert W. Baird reduced their target price on shares of Mastercard from $470.00 to $416.00 in a research note on Wednesday, July 20th. Macquarie reduced their target price on shares of Mastercard from $440.00 to $410.00 in a research note on Friday, July 29th. BMO Capital Markets raised their target price on shares of Mastercard from $402.00 to $422.00 in a research note on Monday, August 1st. JPMorgan Chase & Co. reduced their target price on shares of Mastercard from $430.00 to $425.00 in a research note on Wednesday, July 20th. Finally, Wells Fargo & Company cut their price target on shares of Mastercard from $450.00 to $400.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 13th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, Mastercard presently has an average rating of “Moderate Buy” and a consensus target price of $414.09.
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.
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