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.
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 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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