Pennsylvania Trust Co Acquires 5,745 Shares of Mastercard Inc (NYSE:MA)

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Pennsylvania Trust Co raised its holdings in Mastercard Inc (NYSE:MA) by 5.2% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 116,814 shares of the credit services provider’s stock after acquiring an additional 5,745 shares during the quarter. Mastercard makes up 1.3% of Pennsylvania Trust Co’s holdings, making the stock its 19th largest holding. Pennsylvania Trust Co’s holdings in Mastercard were worth $31,723,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Joseph P. Lucia & Associates LLC purchased a new stake in shares of Mastercard in the 2nd quarter worth $26,000. Ellevest Inc. lifted its stake in shares of Mastercard by 52.8% during the 2nd quarter. Ellevest Inc. now owns 110 shares of the credit services provider’s stock worth $29,000 after purchasing an additional 38 shares during the last quarter. Evolution Wealth Advisors LLC purchased a new stake in shares of Mastercard during the 2nd quarter worth $31,000. Delphi Private Advisors LLC purchased a new stake in shares of Mastercard during the 2nd quarter worth $31,000. Finally, Princeton Global Asset Management LLC purchased a new stake in shares of Mastercard during the 2nd quarter worth $33,000. 74.30% of the stock is currently owned by institutional investors.

NYSE:MA traded up $5.17 during mid-day trading on Wednesday, hitting $272.24. 2,172,275 shares of the company’s stock traded hands, compared to its average volume of 3,513,658. The company has a fifty day moving average of $276.08 and a 200 day moving average of $261.83. Mastercard Inc has a twelve month low of $171.89 and a twelve month high of $293.69. The company has a market capitalization of $278.05 billion, a P/E ratio of 41.95, a P/E/G ratio of 2.27 and a beta of 1.06. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.49 and a current ratio of 1.49.

Mastercard (NYSE:MA) last announced its earnings results on Tuesday, July 30th. The credit services provider reported $1.89 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.82 by $0.07. Mastercard had a return on equity of 135.02% and a net margin of 42.71%. The company had revenue of $4.11 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same period in the prior year, the company posted $1.66 EPS. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. On average, research analysts expect that Mastercard Inc will post 7.61 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 0.48%. The ex-dividend date of this dividend is Tuesday, October 8th. Mastercard’s dividend payout ratio is currently 20.34%.

A number of equities research analysts recently weighed in on the company. Barclays upped their price objective on Mastercard from $310.00 to $319.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Argus upped their price objective on Mastercard to $320.00 and gave the stock an “average” rating in a research note on Wednesday, July 31st. Susquehanna Bancshares upped their price objective on Mastercard from $293.00 to $320.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Tigress Financial restated a “buy” rating on shares of Mastercard in a research note on Thursday, August 22nd. Finally, Moffett Nathanson set a $320.00 price objective on Mastercard and gave the stock a “buy” rating in a research note on Wednesday, September 18th. Three analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $299.09.

In other news, insider Michael Miebach sold 2,233 shares of the stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $283.12, for a total value of $632,206.96. Following the transaction, the insider now directly owns 15,548 shares of the company’s stock, valued at $4,401,949.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Foundation Mastercard sold 15,900 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $265.31, for a total value of $4,218,429.00. Following the completion of the transaction, the insider now directly owns 112,070,462 shares in the company, valued at $29,733,414,273.22. The disclosure for this sale can be found here. Insiders have sold a total of 140,143 shares of company stock worth $38,535,340 over the last ninety days. 3.70% of the stock is currently owned by corporate insiders.

Mastercard 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.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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