Cumberland Partners Ltd Sells 2,495 Shares of Mastercard Incorporated (NYSE:MA)

Cumberland Partners Ltd cut its position in Mastercard Incorporated (NYSE:MA) by 10.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,550 shares of the credit services provider’s stock after selling 2,495 shares during the quarter. Cumberland Partners Ltd’s holdings in Mastercard were worth $9,559,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Activest Wealth Management lifted its position in shares of Mastercard by 87.4% during the 4th quarter. Activest Wealth Management now owns 536 shares of the credit services provider’s stock valued at $229,000 after acquiring an additional 250 shares during the period. Everett Harris & Co. CA lifted its position in shares of Mastercard by 0.5% during the 4th quarter. Everett Harris & Co. CA now owns 49,539 shares of the credit services provider’s stock valued at $21,129,000 after acquiring an additional 252 shares during the period. Atlantic Union Bankshares Corp lifted its position in shares of Mastercard by 23.9% during the 4th quarter. Atlantic Union Bankshares Corp now owns 12,124 shares of the credit services provider’s stock valued at $5,171,000 after acquiring an additional 2,337 shares during the period. Fortune Financial Advisors LLC lifted its position in shares of Mastercard by 4.5% during the 4th quarter. Fortune Financial Advisors LLC now owns 7,853 shares of the credit services provider’s stock valued at $3,350,000 after acquiring an additional 339 shares during the period. Finally, Foster Victor Wealth Advisors LLC lifted its position in shares of Mastercard by 1.5% during the 4th quarter. Foster Victor Wealth Advisors LLC now owns 42,752 shares of the credit services provider’s stock valued at $18,041,000 after acquiring an additional 612 shares during the period. 97.28% of the stock is currently owned by institutional investors.

Mastercard Stock Up 1.3 %

Shares of MA stock traded up $5.87 during trading hours on Tuesday, reaching $462.62. The company had a trading volume of 2,027,850 shares, compared to its average volume of 2,400,298. Mastercard Incorporated has a 12 month low of $357.85 and a 12 month high of $490.00. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.17 and a quick ratio of 1.17. The business has a fifty day simple moving average of $471.71 and a 200-day simple moving average of $435.26. The company has a market cap of $431.57 billion, a price-to-earnings ratio of 39.11, a price-to-earnings-growth ratio of 1.73 and a beta of 1.08.

Mastercard (NYSE:MA) last posted its earnings results on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share for the quarter, beating analysts’ consensus estimates of $3.08 by $0.10. The company had revenue of $6.55 billion for the quarter, compared to analyst estimates of $6.46 billion. Mastercard had a return on equity of 191.22% and a net margin of 44.60%. During the same quarter last year, the company earned $2.65 earnings per share. On average, research analysts expect that Mastercard Incorporated will post 14.35 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Tuesday, April 9th will be given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date is Monday, April 8th. Mastercard’s payout ratio is 22.32%.

Insider Activity at Mastercard

In related news, insider Craig Vosburg sold 13,542 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $460.06, for a total transaction of $6,230,132.52. Following the completion of the sale, the insider now directly owns 46,491 shares of the company’s stock, valued at $21,388,649.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Craig Vosburg sold 13,542 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $460.06, for a total transaction of $6,230,132.52. Following the completion of the sale, the insider now directly owns 46,491 shares of the company’s stock, valued at $21,388,649.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Foundation Mastercard sold 109,000 shares of the firm’s stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $457.46, for a total value of $49,863,140.00. Following the completion of the sale, the insider now directly owns 97,215,308 shares of the company’s stock, valued at $44,472,114,797.68. The disclosure for this sale can be found here. Over the last three months, insiders sold 257,630 shares of company stock valued at $118,303,470. 0.13% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on MA. Mizuho restated a “buy” rating and set a $480.00 price objective on shares of Mastercard in a research report on Wednesday, March 27th. Royal Bank of Canada upped their price objective on Mastercard from $432.00 to $499.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Raymond James upped their price objective on Mastercard from $452.00 to $504.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Wells Fargo & Company upped their price objective on Mastercard from $490.00 to $530.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. Finally, Susquehanna restated a “positive” rating and set a $535.00 price objective on shares of Mastercard in a research report on Wednesday, April 3rd. Two research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Mastercard presently has an average rating of “Moderate Buy” and a consensus price target of $490.23.

Mastercard Profile

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.