Traders Sell Mastercard (MA) on Strength (MA)
Investors sold shares of Mastercard Inc (NYSE:MA) on strength during trading hours on Thursday. $277.34 million flowed into the stock on the tick-up and $437.39 million flowed out of the stock on the tick-down, for a money net flow of $160.05 million out of the stock. Of all companies tracked, Mastercard had the 0th highest net out-flow for the day. Mastercard traded up $2.50 for the day and closed at $202.99
MA has been the topic of a number of research analyst reports. Goldman Sachs Group upgraded shares of Mastercard from a “buy” rating to a “conviction-buy” rating in a report on Monday, September 17th. Credit Suisse Group lifted their price target on shares of Mastercard from $210.00 to $224.00 and gave the company an “outperform” rating in a report on Monday, October 8th. BMO Capital Markets initiated coverage on shares of Mastercard in a report on Wednesday, September 26th. They issued an “outperform” rating and a $238.00 price target on the stock. Wells Fargo & Co lifted their price target on shares of Mastercard from $230.00 to $250.00 and gave the company an “outperform” rating in a report on Monday, October 1st. Finally, Royal Bank of Canada lifted their price target on shares of Mastercard from $223.00 to $232.00 and gave the company an “outperform” rating in a report on Tuesday, September 11th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and two have given a strong buy rating to the company’s stock. Mastercard currently has a consensus rating of “Buy” and a consensus target price of $221.28.
The company has a market capitalization of $207.06 billion, a PE ratio of 32.97, a price-to-earnings-growth ratio of 1.72 and a beta of 1.21. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.55 and a current ratio of 1.55.
The company also recently declared a quarterly dividend, which will be paid on Friday, February 8th. Investors of record on Wednesday, January 9th will be paid a dividend of $0.33 per share. This is an increase from Mastercard’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Tuesday, January 8th. This represents a $1.32 annualized dividend and a yield of 0.65%. Mastercard’s payout ratio is 21.83%.
Mastercard announced that its board has initiated a stock buyback program on Tuesday, December 4th that permits the company to buyback $6.50 million in outstanding shares. This buyback authorization permits the credit services provider to buy shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its stock is undervalued.
In other news, Director Richard K. Davis purchased 2,475 shares of the company’s stock in a transaction that occurred on Friday, November 2nd. The shares were purchased at an average price of $196.37 per share, with a total value of $486,015.75. Following the purchase, the director now directly owns 3,468 shares of the company’s stock, valued at approximately $681,011.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.32% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Capital Guardian Trust Co. bought a new stake in shares of Mastercard in the 3rd quarter worth about $103,000. Baker Ellis Asset Management LLC acquired a new position in shares of Mastercard in the 3rd quarter valued at about $104,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in shares of Mastercard in the 2nd quarter valued at about $109,000. Fort L.P. acquired a new position in shares of Mastercard in the 2nd quarter valued at about $120,000. Finally, Bogart Wealth LLC boosted its holdings in shares of Mastercard by 434.7% in the 3rd quarter. Bogart Wealth LLC now owns 663 shares of the credit services provider’s stock valued at $148,000 after buying an additional 539 shares during the period. 74.84% of the stock is owned by institutional investors.
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Mastercard Company Profile (NYSE:MA)
Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.
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