Douglas Lane & Associates LLC Sells 5,224 Shares of Mastercard Incorporated (NYSE:MA)

Douglas Lane & Associates LLC reduced its position in Mastercard Incorporated (NYSE:MA) by 2.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 215,231 shares of the credit services provider’s stock after selling 5,224 shares during the quarter. Mastercard comprises about 1.5% of Douglas Lane & Associates LLC’s portfolio, making the stock its 15th largest position. Douglas Lane & Associates LLC’s holdings in Mastercard were worth $106,281,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in MA. Westend Capital Management LLC acquired a new position in shares of Mastercard in the 1st quarter worth approximately $27,000. Palisade Asset Management LLC acquired a new position in shares of Mastercard in the 1st quarter worth approximately $27,000. Scarborough Advisors LLC acquired a new position in shares of Mastercard in the 4th quarter worth approximately $28,000. Beaird Harris Wealth Management LLC acquired a new position in shares of Mastercard in the 4th quarter worth approximately $30,000. Finally, Strategic Investment Solutions Inc. IL acquired a new position in shares of Mastercard in the 2nd quarter worth approximately $34,000. 97.28% of the stock is owned by institutional investors.

Mastercard Stock Performance

MA traded up $4.24 during trading hours on Friday, hitting $502.26. The stock had a trading volume of 1,920,085 shares, compared to its average volume of 2,439,908. Mastercard Incorporated has a 1 year low of $359.77 and a 1 year high of $502.92. The company’s fifty day simple moving average is $480.78 and its 200 day simple moving average is $462.99. The stock has a market cap of $464.01 billion, a PE ratio of 38.40, a price-to-earnings-growth ratio of 2.22 and a beta of 1.10. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.95.

Mastercard (NYSE:MA) last posted its earnings results on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share for the quarter, topping the consensus estimate of $3.51 by $0.08. The firm had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.85 billion. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. Equities analysts anticipate that Mastercard Incorporated will post 14.3 earnings per share for the current year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be given a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 0.53%. The ex-dividend date is Wednesday, October 9th. Mastercard’s dividend payout ratio (DPR) is presently 20.18%.

Insider Activity

In other Mastercard news, major shareholder Foundation Mastercard sold 119,000 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $468.46, for a total value of $55,746,740.00. Following the sale, the insider now directly owns 92,033,308 shares in the company, valued at $43,113,923,465.68. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, major shareholder Foundation Mastercard sold 119,000 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $468.46, for a total value of $55,746,740.00. Following the sale, the insider now owns 92,033,308 shares in the company, valued at approximately $43,113,923,465.68. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction on 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 owns 17,118 shares in the company, valued at $8,440,885.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 340,809 shares of company stock worth $159,610,703 over the last ninety days. Company insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Compass Point began coverage on shares of Mastercard in a research report on Wednesday, September 4th. They issued a “neutral” rating and a $525.00 price target on the stock. BMO Capital Markets reiterated an “outperform” rating and set a $520.00 target price on shares of Mastercard in a research report on Wednesday, August 14th. Barclays boosted their target price on shares of Mastercard from $536.00 to $576.00 and gave the company an “overweight” rating in a research report on Thursday. Royal Bank of Canada boosted their target price on shares of Mastercard from $500.00 to $526.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Finally, Evercore ISI dropped their target price on shares of Mastercard from $540.00 to $525.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 25th. Five research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, Mastercard has an average rating of “Moderate Buy” and an average price target of $518.96.

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.