Flagship Harbor Advisors LLC Has $4.84 Million Stake in Mastercard Incorporated (NYSE:MA)

Flagship Harbor Advisors LLC lowered its position in shares of Mastercard Incorporated (NYSE:MA) by 0.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,191 shares of the credit services provider’s stock after selling 45 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in Mastercard were worth $4,840,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Highline Wealth Partners LLC bought a new stake in shares of Mastercard in the 3rd quarter worth approximately $25,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Mastercard in the 2nd quarter worth approximately $34,000. First Personal Financial Services bought a new stake in shares of Mastercard in the 3rd quarter worth approximately $39,000. Lowe Wealth Advisors LLC raised its holdings in Mastercard by 74.0% during the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock valued at $43,000 after acquiring an additional 37 shares during the period. Finally, Legacy Investment Solutions LLC bought a new stake in Mastercard during the 3rd quarter valued at $55,000. Institutional investors own 97.28% of the company’s stock.

Mastercard Trading Down 0.1 %

NYSE:MA opened at $533.50 on Friday. The company’s 50 day moving average price is $524.77 and its 200-day moving average price is $497.10. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $537.70. 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 stock has a market cap of $489.66 billion, a price-to-earnings ratio of 40.36, a PEG ratio of 2.10 and a beta of 1.10.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, beating analysts’ consensus estimates of $3.73 by $0.16. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The firm had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.27 billion. During the same quarter in the prior year, the company posted $3.39 earnings per share. The business’s revenue for the quarter was up 12.8% on a year-over-year basis. On average, equities research analysts forecast that Mastercard Incorporated will post 14.47 earnings per share for the current fiscal year.

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

Mastercard Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Thursday, January 9th will be issued a $0.76 dividend. The ex-dividend date of this dividend is Friday, January 10th. This represents a $3.04 annualized dividend and a yield of 0.57%. This is a boost from Mastercard’s previous quarterly dividend of $0.66. Mastercard’s dividend payout ratio (DPR) is currently 23.00%.

Analyst Ratings Changes

MA has been the topic of a number of analyst reports. Macquarie boosted their target price on shares of Mastercard from $505.00 to $565.00 and gave the company an “outperform” 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 report on Thursday, November 14th. Morgan Stanley boosted their price target on shares of Mastercard from $564.00 to $654.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Seaport Res Ptn lowered shares of Mastercard from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Finally, William Blair restated an “outperform” rating on shares of Mastercard in a research report on Monday, November 25th. Four investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Mastercard has a consensus rating of “Moderate Buy” and an average target price of $567.29.

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.