First National Trust Co Sells 543 Shares of Mastercard Incorporated (NYSE:MA)

First National Trust Co lowered its stake in Mastercard Incorporated (NYSE:MA) by 14.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,153 shares of the credit services provider’s stock after selling 543 shares during the period. First National Trust Co’s holdings in Mastercard were worth $1,557,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Highline Wealth Partners LLC acquired a new position in shares of Mastercard in the 3rd quarter valued at approximately $25,000. Strategic Investment Solutions Inc. IL acquired a new position in Mastercard during the second quarter valued at approximately $34,000. First Personal Financial Services bought a new stake in Mastercard during the third quarter worth $39,000. Fairway Wealth LLC bought a new stake in Mastercard during the second quarter worth $35,000. Finally, Lowe Wealth Advisors LLC boosted its holdings in shares of Mastercard by 74.0% in the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock valued at $43,000 after purchasing an additional 37 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Down 0.2 %

Shares of Mastercard stock opened at $529.17 on Wednesday. The firm has a market cap of $485.69 billion, a price-to-earnings ratio of 40.03, a PEG ratio of 2.32 and a beta of 1.10. The stock’s 50-day moving average is $500.61 and its 200 day moving average is $469.41. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.29 and a quick ratio of 1.29. Mastercard Incorporated has a one year low of $393.02 and a one year high of $534.03.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, topping the consensus estimate of $3.73 by $0.16. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The company had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.27 billion. During the same quarter last year, the firm posted $3.39 EPS. The company’s quarterly revenue was up 12.8% on a year-over-year basis. Equities research analysts anticipate that Mastercard Incorporated will post 14.45 EPS for the current year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th were issued a dividend of $0.66 per share. The ex-dividend date was Wednesday, October 9th. This represents a $2.64 annualized dividend and a dividend yield of 0.50%. Mastercard’s dividend payout ratio is currently 19.97%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on MA shares. JPMorgan Chase & Co. dropped their price objective on Mastercard from $593.00 to $580.00 and set an “overweight” rating for the company in a research report on Friday, November 1st. Barclays upped their price target on shares of Mastercard from $536.00 to $576.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. KeyCorp raised their price objective on Mastercard from $515.00 to $580.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Mizuho upped their target price on Mastercard from $496.00 to $532.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $520.00 target price on shares of Mastercard in a research report on Wednesday, August 14th. Four investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $540.17.

Insider Activity

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $493.10, for a total value of $2,310,173.50. Following the completion of the sale, the chief marketing officer now directly owns 17,118 shares of the company’s stock, valued at $8,440,885.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $493.10, for a total transaction of $2,310,173.50. Following the completion of the transaction, the chief marketing officer now directly owns 17,118 shares in the company, valued at $8,440,885.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Foundation Mastercard sold 90,000 shares of the company’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $468.80, for a total transaction of $42,192,000.00. Following the completion of the sale, the insider now owns 91,649,308 shares in the company, valued at $42,965,195,590.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 327,370 shares of company stock worth $153,495,958. Company insiders own 0.10% of the company’s stock.

About Mastercard

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.