Stiles Financial Services Inc Has $1.14 Million Holdings in Mastercard Incorporated (NYSE:MA)

Stiles Financial Services Inc trimmed its stake in Mastercard Incorporated (NYSE:MA) by 2.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,588 shares of the credit services provider’s stock after selling 78 shares during the period. Stiles Financial Services Inc’s holdings in Mastercard were worth $1,142,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Altshuler Shaham Ltd bought a new position in shares of Mastercard during the 4th quarter worth about $26,000. VitalStone Financial LLC boosted its holdings in Mastercard by 300.0% during the fourth quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 45 shares in the last quarter. Westend Capital Management LLC acquired a new position in shares of Mastercard in the 1st quarter worth approximately $27,000. Palisade Asset Management LLC bought a new stake in Mastercard in the first quarter valued at $27,000. Finally, Scarborough Advisors LLC acquired a new stake in shares of Mastercard in the 4th quarter valued at $28,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insiders Place Their Bets

In other Mastercard news, insider Craig Vosburg sold 9,028 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $447.28, for a total value of $4,038,043.84. Following the completion of the transaction, the insider now directly owns 58,940 shares in the company, valued at $26,362,683.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, major shareholder Foundation Mastercard sold 116,000 shares of the firm’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $443.63, for a total value of $51,461,080.00. Following the completion of the sale, the insider now directly owns 92,998,308 shares in the company, valued at approximately $41,256,839,378.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Craig Vosburg sold 9,028 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $447.28, for a total value of $4,038,043.84. Following the transaction, the insider now directly owns 58,940 shares in the company, valued at approximately $26,362,683.20. The disclosure for this sale can be found here. Insiders have sold 1,406,959 shares of company stock valued at $638,333,126 in the last three months. 0.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have commented on MA shares. Barclays boosted their price objective on Mastercard from $530.00 to $536.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Bank of America cut shares of Mastercard from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $505.00 to $480.00 in a research report on Wednesday, July 10th. Citigroup upped their target price on shares of Mastercard from $528.00 to $538.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Susquehanna raised their price target on shares of Mastercard from $535.00 to $540.00 and gave the company a “positive” rating in a report on Thursday, August 1st. Finally, JPMorgan Chase & Co. upped their price objective on Mastercard from $500.00 to $570.00 and gave the stock an “overweight” rating in a report on Tuesday, August 20th. Three analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and four have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $512.09.

Mastercard Stock Up 0.5 %

Shares of MA stock traded up $2.54 on Monday, hitting $483.34. 2,982,100 shares of the stock were exchanged, compared to its average volume of 2,451,811. The business has a 50-day moving average of $453.20 and a 200 day moving average of $459.06. Mastercard Incorporated has a fifty-two week low of $359.77 and a fifty-two week high of $490.00. The firm has a market capitalization of $446.53 billion, a P/E ratio of 38.42, a price-to-earnings-growth ratio of 1.90 and a beta of 1.09. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.95.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th were paid a $0.66 dividend. The ex-dividend date was Tuesday, July 9th. This represents a $2.64 annualized dividend and a yield of 0.55%. Mastercard’s payout ratio is currently 20.99%.

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.