5,756 Shares in Mastercard Incorporated (NYSE:MA) Purchased by American Planning Services Inc.

American Planning Services Inc. acquired a new stake in shares of Mastercard Incorporated (NYSE:MA) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 5,756 shares of the credit services provider’s stock, valued at approximately $2,539,000. Mastercard comprises approximately 1.8% of American Planning Services Inc.’s portfolio, making the stock its 15th largest position.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in MA. Hoxton Planning & Management LLC boosted its position in Mastercard by 1.4% in the 1st quarter. Hoxton Planning & Management LLC now owns 1,637 shares of the credit services provider’s stock valued at $788,000 after buying an additional 22 shares during the period. Quilter Plc boosted its holdings in shares of Mastercard by 2.8% in the second quarter. Quilter Plc now owns 801 shares of the credit services provider’s stock valued at $353,000 after purchasing an additional 22 shares during the period. Carolinas Wealth Consulting LLC grew its stake in Mastercard by 5.0% in the fourth quarter. Carolinas Wealth Consulting LLC now owns 484 shares of the credit services provider’s stock worth $206,000 after purchasing an additional 23 shares in the last quarter. Benin Management CORP increased its holdings in Mastercard by 3.0% during the 1st quarter. Benin Management CORP now owns 794 shares of the credit services provider’s stock worth $382,000 after purchasing an additional 23 shares during the period. Finally, Atticus Wealth Management LLC raised its position in Mastercard by 1.3% during the 1st quarter. Atticus Wealth Management LLC now owns 1,734 shares of the credit services provider’s stock valued at $835,000 after purchasing an additional 23 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Trading Up 0.3 %

NYSE MA opened at $493.36 on Monday. Mastercard Incorporated has a 12-month low of $359.77 and a 12-month high of $496.85. The company has a fifty day simple moving average of $460.67 and a two-hundred day simple moving average of $460.18. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.95. The stock has a market cap of $458.63 billion, a P/E ratio of 39.22, a P/E/G ratio of 1.92 and a beta of 1.10.

Mastercard (NYSE:MA) last issued its earnings results on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.51 by $0.08. The company had revenue of $6.96 billion during the quarter, compared to analyst estimates of $6.85 billion. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. On average, analysts forecast that Mastercard Incorporated will post 14.29 earnings per share for the current year.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Tuesday, July 9th were issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend was Tuesday, July 9th. Mastercard’s dividend payout ratio (DPR) is 20.99%.

Wall Street Analysts Forecast Growth

MA has been the topic of several research reports. Barclays raised their price target on Mastercard from $530.00 to $536.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. KeyCorp boosted their price target on shares of Mastercard from $490.00 to $515.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Royal Bank of Canada increased their price objective on shares of Mastercard from $500.00 to $526.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Argus raised shares of Mastercard to a “strong-buy” rating in a research note on Thursday, August 1st. Finally, Compass Point started coverage on Mastercard in a research report on Wednesday, September 4th. They set a “neutral” rating and a $525.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, Mastercard currently has a consensus rating of “Moderate Buy” and an average target price of $510.88.

Insider Buying and Selling

In other Mastercard news, insider Craig Vosburg sold 9,028 shares of Mastercard stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $451.06, for a total transaction of $4,072,169.68. Following the completion of the sale, the insider now directly owns 58,940 shares in the company, valued at approximately $26,585,476.40. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CFO J. Mehra Sachin sold 13,439 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the sale, the chief financial officer now directly owns 27,304 shares of the company’s stock, valued at $12,423,320. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Craig Vosburg sold 9,028 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $451.06, for a total value of $4,072,169.68. Following the completion of the transaction, the insider now directly owns 58,940 shares of the company’s stock, valued at $26,585,476.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 720,467 shares of company stock worth $331,875,955. 0.10% of the stock is owned by company insiders.

Mastercard 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.