Mastercard Inc (MA) is Hartwell J M Limited Partnership’s 9th Largest Position

Hartwell J M Limited Partnership lessened its holdings in Mastercard Inc (NYSE:MA) by 1.2% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 132,350 shares of the credit services provider’s stock after selling 1,600 shares during the period. Mastercard makes up approximately 5.1% of Hartwell J M Limited Partnership’s portfolio, making the stock its 9th biggest holding. Hartwell J M Limited Partnership’s holdings in Mastercard were worth $29,462,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in MA. Fulton Bank N.A. raised its holdings in Mastercard by 2.0% during the 3rd quarter. Fulton Bank N.A. now owns 11,893 shares of the credit services provider’s stock valued at $2,648,000 after acquiring an additional 235 shares during the period. Harvest Fund Management Co. Ltd raised its holdings in Mastercard by 8.8% during the 2nd quarter. Harvest Fund Management Co. Ltd now owns 3,213 shares of the credit services provider’s stock valued at $631,000 after acquiring an additional 259 shares during the period. Price Wealth Management Inc. raised its holdings in Mastercard by 3.9% during the 2nd quarter. Price Wealth Management Inc. now owns 7,067 shares of the credit services provider’s stock valued at $1,389,000 after acquiring an additional 267 shares during the period. Raymond James Trust N.A. raised its holdings in Mastercard by 1.9% during the 2nd quarter. Raymond James Trust N.A. now owns 14,154 shares of the credit services provider’s stock valued at $2,782,000 after acquiring an additional 268 shares during the period. Finally, Baxter Bros Inc. raised its holdings in Mastercard by 1.2% during the 3rd quarter. Baxter Bros Inc. now owns 23,002 shares of the credit services provider’s stock valued at $5,120,000 after acquiring an additional 280 shares during the period. Hedge funds and other institutional investors own 74.40% of the company’s stock.

A number of equities research analysts have issued reports on MA shares. Buckingham Research boosted their target price on shares of Mastercard from $222.00 to $230.00 and gave the company a “buy” rating in a report on Friday, July 27th. SunTrust Banks boosted their target price on shares of Mastercard to $240.00 and gave the company a “buy” rating in a report on Friday, July 27th. They noted that the move was a valuation call. Loop Capital boosted their target price on shares of Mastercard to $232.00 and gave the company a “buy” rating in a report on Friday, July 27th. They noted that the move was a valuation call. Bank of America boosted their target price on shares of Mastercard from $210.00 to $230.00 and gave the company a “buy” rating in a report on Tuesday, July 17th. Finally, Cowen reissued a “buy” rating and set a $207.00 target price on shares of Mastercard in a report on Friday, July 20th. Three investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $218.86.

Mastercard stock opened at $187.73 on Wednesday. The firm has a market capitalization of $205.08 billion, a PE ratio of 40.99, a PEG ratio of 1.65 and a beta of 1.16. Mastercard Inc has a fifty-two week low of $140.61 and a fifty-two week high of $225.35. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 1.11.

Mastercard (NYSE:MA) last announced its earnings results on Tuesday, October 30th. The credit services provider reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.10. Mastercard had a net margin of 33.81% and a return on equity of 103.82%. The company had revenue of $3.90 billion during the quarter, compared to analyst estimates of $3.86 billion. During the same period in the previous year, the business earned $1.34 earnings per share. The firm’s quarterly revenue was up 14.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Mastercard Inc will post 6.38 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 9th. Investors of record on Tuesday, October 9th will be given a $0.25 dividend. The ex-dividend date is Friday, October 5th. This represents a $1.00 annualized dividend and a yield of 0.53%. Mastercard’s dividend payout ratio (DPR) is presently 21.83%.

Mastercard Company Profile

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 related products and services.

Read More: How Investors Use a Balance Sheet

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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