Cigna Investments Inc. New Sells 103 Shares of Mastercard Incorporated (NYSE:MA)

Cigna Investments Inc. New lowered its holdings in shares of Mastercard Incorporated (NYSE:MA) by 1.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,517 shares of the credit services provider’s stock after selling 103 shares during the period. Mastercard makes up about 0.7% of Cigna Investments Inc. New’s holdings, making the stock its 19th biggest position. Cigna Investments Inc. New’s holdings in Mastercard were worth $4,206,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Coppell Advisory Solutions Corp. purchased a new position in shares of Mastercard during the first quarter valued at approximately $608,000. SteelPeak Wealth LLC boosted its stake in shares of Mastercard by 48.6% in the 2nd quarter. SteelPeak Wealth LLC now owns 4,928 shares of the credit services provider’s stock worth $2,174,000 after buying an additional 1,612 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Mastercard during the 1st quarter valued at $2,938,000. OMC Financial Services LTD purchased a new stake in Mastercard during the first quarter worth about $17,854,000. Finally, Itau Unibanco Holding S.A. purchased a new position in Mastercard in the second quarter valued at about $6,850,000. 97.28% of the stock is currently owned by institutional investors.

Mastercard Trading Down 2.8 %

Shares of NYSE MA opened at $499.08 on Friday. Mastercard Incorporated has a 1-year low of $373.11 and a 1-year high of $527.90. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.14 and a quick ratio of 1.14. The business’s 50 day moving average is $494.93 and its two-hundred day moving average is $466.50. The stock has a market capitalization of $461.07 billion, a P/E ratio of 38.16, a PEG ratio of 2.27 and a beta of 1.10.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, beating the consensus estimate of $3.73 by $0.16. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. The company had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.27 billion. During the same quarter in the prior year, the firm posted $3.39 EPS. Mastercard’s quarterly revenue was up 12.8% compared to the same quarter last year. As a group, research analysts expect that Mastercard Incorporated will post 14.33 EPS for the current year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th will be paid a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend is Wednesday, October 9th. Mastercard’s payout ratio is currently 20.18%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on MA shares. BNP Paribas cut Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price target on the stock. in a research report on Tuesday, September 3rd. Royal Bank of Canada lifted 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. Compass Point began coverage on Mastercard in a report on Wednesday, September 4th. They issued a “neutral” rating and a $525.00 price target for the company. Argus upgraded Mastercard to a “strong-buy” rating in a research report on Thursday, August 1st. Finally, William Blair upgraded shares of Mastercard to a “strong-buy” rating in a research note on Wednesday, July 31st. Four equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $527.00.

Insider Buying and Selling at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 13,439 shares of the company’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $455.00, for a total value of $6,114,745.00. Following the transaction, the chief financial officer now owns 27,304 shares of the company’s stock, valued at $12,423,320. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CFO J. Mehra Sachin sold 13,439 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $455.00, for a total value of $6,114,745.00. Following the completion of the sale, the chief financial officer now owns 27,304 shares in the company, valued at approximately $12,423,320. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Foundation Mastercard sold 109,000 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $467.45, for a total value of $50,952,050.00. Following the transaction, the insider now owns 91,924,308 shares in the company, valued at $42,970,017,774.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 340,809 shares of company stock worth $159,610,703 over the last 90 days. Company insiders own 0.10% of the company’s stock.

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.