Union Savings Bank Sells 121 Shares of Mastercard Incorporated (NYSE:MA)

Union Savings Bank trimmed its holdings in Mastercard Incorporated (NYSE:MA) by 3.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,416 shares of the credit services provider’s stock after selling 121 shares during the period. Mastercard accounts for approximately 0.9% of Union Savings Bank’s holdings, making the stock its 19th largest position. Union Savings Bank’s holdings in Mastercard were worth $1,799,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Goldstein Advisors LLC increased its stake in shares of Mastercard by 1.3% in the third quarter. Goldstein Advisors LLC now owns 1,516 shares of the credit services provider’s stock valued at $749,000 after buying an additional 20 shares during the period. Community Bank N.A. boosted its stake in shares of Mastercard by 0.9% in the 3rd quarter. Community Bank N.A. now owns 2,190 shares of the credit services provider’s stock valued at $1,081,000 after purchasing an additional 20 shares during the last quarter. Raab & Moskowitz Asset Management LLC increased its position in shares of Mastercard by 1.5% during the third quarter. Raab & Moskowitz Asset Management LLC now owns 1,398 shares of the credit services provider’s stock worth $690,000 after buying an additional 20 shares during the period. Boltwood Capital Management grew its holdings in Mastercard by 1.0% during the 4th quarter. Boltwood Capital Management now owns 2,055 shares of the credit services provider’s stock worth $1,082,000 after acquiring an additional 20 shares during the period. Finally, Traveka Wealth LLC raised its position in shares of Mastercard by 1.4% in the 4th quarter. Traveka Wealth LLC now owns 1,478 shares of the credit services provider’s stock worth $778,000 after acquiring an additional 20 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Performance

NYSE:MA opened at $525.22 on Tuesday. The stock has a market cap of $482.06 billion, a P/E ratio of 39.73, a PEG ratio of 2.00 and a beta of 1.10. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.36. The business’s 50-day moving average price is $524.28 and its two-hundred day moving average price is $494.92. Mastercard Incorporated has a twelve month low of $427.45 and a twelve month high of $537.70.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.73 by $0.16. The business had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.27 billion. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. Mastercard’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same period in the previous year, the business posted $3.39 earnings per share. As a group, equities analysts predict that Mastercard Incorporated will post 14.46 EPS for the current fiscal year.

Mastercard Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Thursday, January 9th will be paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date is Friday, January 10th. This is a boost from Mastercard’s previous quarterly dividend of $0.66. Mastercard’s dividend payout ratio is currently 19.97%.

Mastercard declared that its board has initiated a share repurchase program on Tuesday, December 17th that permits the company to repurchase $12.00 billion in shares. This repurchase authorization permits the credit services provider to repurchase up to 2.5% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

A number of brokerages have weighed in on MA. KeyCorp lifted their target price on Mastercard from $515.00 to $580.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. UBS Group boosted their target price on shares of Mastercard from $590.00 to $610.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. TD Cowen raised their price target on shares of Mastercard from $533.00 to $567.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Jefferies Financial Group upped their price objective on shares of Mastercard from $590.00 to $610.00 and gave the company a “buy” rating in a report on Monday, December 9th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Mastercard from $510.00 to $580.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Four research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $566.63.

Mastercard Company Profile

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.