Nwam LLC Has $235,000 Position in Mastercard Inc (MA)

Nwam LLC cut its holdings in Mastercard Inc (NYSE:MA) by 34.4% during the 4th quarter, HoldingsChannel reports. The fund owned 1,551 shares of the credit services provider’s stock after selling 815 shares during the period. Nwam LLC’s holdings in Mastercard were worth $235,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Temasek Holdings Private Ltd raised its stake in Mastercard by 245.7% during the 3rd quarter. Temasek Holdings Private Ltd now owns 923,068 shares of the credit services provider’s stock valued at $130,337,000 after buying an additional 656,062 shares during the last quarter. Royal Bank of Canada raised its stake in Mastercard by 1.2% during the 2nd quarter. Royal Bank of Canada now owns 4,136,794 shares of the credit services provider’s stock valued at $502,413,000 after buying an additional 50,050 shares during the last quarter. Intl Fcstone Inc. purchased a new stake in Mastercard during the 2nd quarter valued at $1,873,000. Toronto Dominion Bank raised its stake in Mastercard by 10.9% during the 3rd quarter. Toronto Dominion Bank now owns 371,535 shares of the credit services provider’s stock valued at $52,460,000 after buying an additional 36,578 shares during the last quarter. Finally, ING Groep NV raised its stake in Mastercard by 85.9% during the 3rd quarter. ING Groep NV now owns 473,702 shares of the credit services provider’s stock valued at $66,887,000 after buying an additional 218,915 shares during the last quarter. 76.10% of the stock is currently owned by institutional investors and hedge funds.

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In other Mastercard news, Director David R. Carlucci sold 5,950 shares of the stock in a transaction on Friday, March 9th. The stock was sold at an average price of $183.10, for a total value of $1,089,445.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Edward Grunde Mclaughlin sold 17,167 shares of the stock in a transaction on 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 sale, the insider now owns 47,901 shares of the company’s stock, valued at approximately $7,271,850.81. The disclosure for this sale can be found here. Corporate insiders own 0.30% of the company’s stock.

A number of equities research analysts have weighed in on MA shares. Credit Suisse Group reiterated a “hold” rating and set a $164.00 target price on shares of Mastercard in a research note on Monday, January 8th. Zacks Investment Research upgraded shares of Mastercard from a “hold” rating to a “buy” rating and set a $170.00 target price for the company in a research note on Tuesday, January 2nd. Morgan Stanley boosted their target price on shares of Mastercard from $178.00 to $192.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Vetr upgraded shares of Mastercard from a “hold” rating to a “buy” rating and set a $157.45 target price for the company in a research note on Wednesday, November 29th. Finally, Barclays reiterated a “buy” rating and set a $170.00 target price on shares of Mastercard in a research note on Friday, January 5th. Two investment analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $177.40.

Shares of Mastercard Inc (NYSE MA) opened at $181.01 on Wednesday. Mastercard Inc has a 12 month low of $110.13 and a 12 month high of $183.73. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $190,310.00, a price-to-earnings ratio of 41.33, a price-to-earnings-growth ratio of 1.69 and a beta of 1.18.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, February 1st. The credit services provider reported $1.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.02. Mastercard had a return on equity of 83.57% and a net margin of 31.33%. The business had revenue of $3.31 billion during the quarter, compared to analyst estimates of $3.25 billion. During the same quarter in the prior year, the business posted $0.86 EPS. Mastercard’s revenue for the quarter was up 20.2% compared to the same quarter last year. equities analysts expect that Mastercard Inc will post 5.92 earnings per share for the current fiscal year.

Mastercard declared that its board has approved a stock repurchase plan on Monday, December 4th that authorizes the company to buyback $4.00 billion in shares. This buyback authorization authorizes the credit services provider to reacquire shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 9th. Shareholders of record on Monday, April 9th will be paid a $0.25 dividend. The ex-dividend date is Friday, April 6th. This represents a $1.00 dividend on an annualized basis and a yield of 0.55%. Mastercard’s payout ratio is presently 22.83%.

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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.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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