Oak Associates Ltd. OH Has $503,000 Position in Mastercard Incorporated (MA)
Oak Associates Ltd. OH maintained its stake in shares of Mastercard Incorporated (NYSE:MA) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,139 shares of the credit services provider’s stock at the close of the second quarter. Oak Associates Ltd. OH’s holdings in Mastercard were worth $503,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Boys Arnold & Co. Inc. lifted its stake in Mastercard by 7.8% during the 2nd quarter. Boys Arnold & Co. Inc. now owns 5,006 shares of the credit services provider’s stock valued at $608,000 after acquiring an additional 363 shares in the last quarter. OMERS ADMINISTRATION Corp bought a new position in Mastercard during the 2nd quarter valued at $2,351,000. Baldwin Investment Management LLC lifted its stake in Mastercard by 5.9% during the 2nd quarter. Baldwin Investment Management LLC now owns 3,600 shares of the credit services provider’s stock valued at $437,000 after acquiring an additional 200 shares in the last quarter. Personal Capital Advisors Corp increased its position in shares of Mastercard by 3.3% during the 2nd quarter. Personal Capital Advisors Corp now owns 270,438 shares of the credit services provider’s stock valued at $32,845,000 after purchasing an additional 8,670 shares during the last quarter. Finally, IBM Retirement Fund increased its position in shares of Mastercard by 68.8% during the 2nd quarter. IBM Retirement Fund now owns 23,051 shares of the credit services provider’s stock valued at $3,128,000 after purchasing an additional 9,397 shares during the last quarter. Institutional investors and hedge funds own 75.81% of the company’s stock.
Shares of Mastercard Incorporated (NYSE:MA) traded up $0.44 on Friday, reaching $149.89. The company had a trading volume of 2,107,460 shares, compared to its average volume of 3,627,421. Mastercard Incorporated has a 52 week low of $102.91 and a 52 week high of $154.65. The stock has a market cap of $158,217.03, a price-to-earnings ratio of 34.67, a P/E/G ratio of 1.99 and a beta of 1.20. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.83.
Mastercard (NYSE:MA) last announced its quarterly earnings data on Tuesday, October 31st. The credit services provider reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.11. Mastercard had a return on equity of 78.38% and a net margin of 38.70%. The company had revenue of $3.40 billion during the quarter, compared to analyst estimates of $3.28 billion. During the same quarter last year, the firm posted $1.08 EPS. The firm’s revenue for the quarter was up 18.1% on a year-over-year basis. sell-side analysts predict that Mastercard Incorporated will post 4.54 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Investors of record on Tuesday, January 9th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, January 8th. This represents a $1.00 annualized dividend and a yield of 0.67%. This is a positive change from Mastercard’s previous quarterly dividend of $0.22. Mastercard’s dividend payout ratio (DPR) is 20.47%.
Mastercard declared that its board has authorized a share buyback plan on Monday, December 4th that authorizes the company to buyback $4.00 billion in shares. This buyback authorization authorizes the credit services provider to buy shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.
Several equities research analysts have recently issued reports on MA shares. Zacks Investment Research lowered Mastercard from a “buy” rating to a “hold” rating in a research report on Monday, August 21st. BidaskClub raised Mastercard from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Wedbush reaffirmed a “buy” rating and set a $140.00 target price (up from $129.00) on shares of Mastercard in a research report on Wednesday, September 6th. Cowen reaffirmed a “buy” rating and set a $137.00 target price on shares of Mastercard in a research report on Friday, September 8th. Finally, Credit Suisse Group raised their target price on Mastercard from $128.00 to $145.00 and gave the company an “outperform” rating in a research report on Friday, September 8th. Two equities research analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $159.22.
In other Mastercard news, insider Michael Fraccaro sold 5,800 shares of Mastercard stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $147.59, for a total transaction of $856,022.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard Haythornthwaite sold 5,000 shares of Mastercard stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $142.51, for a total value of $712,550.00. Following the transaction, the director now directly owns 45,278 shares of the company’s stock, valued at approximately $6,452,567.78. The disclosure for this sale can be found here. In the last three months, insiders sold 25,000 shares of company stock valued at $3,582,984. 0.30% of the stock is currently owned by insiders.
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Mastercard Company Profile
MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.
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