City Holding Co. Has $10.68 Million Stock Position in Mastercard Incorporated $MA

City Holding Co. lifted its stake in Mastercard Incorporated (NYSE:MA) by 0.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,008 shares of the credit services provider’s stock after purchasing an additional 79 shares during the period. Mastercard accounts for approximately 1.4% of City Holding Co.’s holdings, making the stock its 12th largest holding. City Holding Co.’s holdings in Mastercard were worth $10,681,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Family Legacy Financial Solutions LLC bought a new position in Mastercard during the 2nd quarter worth approximately $26,000. Flaharty Asset Management LLC acquired a new stake in Mastercard during the 1st quarter worth $27,000. Keystone Global Partners LLC bought a new stake in shares of Mastercard in the first quarter worth about $31,000. Hughes Financial Services LLC acquired a new stake in shares of Mastercard during the first quarter worth about $34,000. Finally, 1 North Wealth Services LLC acquired a new position in shares of Mastercard in the 1st quarter valued at approximately $44,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

MA has been the topic of a number of research reports. KeyCorp lifted their price target on shares of Mastercard from $635.00 to $660.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Jefferies Financial Group reiterated a “buy” rating on shares of Mastercard in a report on Friday, June 6th. Morgan Stanley upped their price objective on Mastercard from $639.00 to $661.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Wells Fargo & Company lifted their target price on Mastercard from $625.00 to $650.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Finally, Seaport Res Ptn upgraded Mastercard from a “hold” rating to a “strong-buy” rating in a report on Monday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $630.89.

Insider Buying and Selling at Mastercard

In other Mastercard news, insider Linda Pistecchia Kirkpatrick sold 958 shares of the firm’s stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $560.00, for a total transaction of $536,480.00. Following the completion of the transaction, the insider owned 23,624 shares in the company, valued at approximately $13,229,440. This trade represents a 3.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Julius Genachowski sold 312 shares of the stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $570.67, for a total value of $178,049.04. Following the sale, the director owned 8,469 shares of the company’s stock, valued at approximately $4,833,004.23. The trade was a 3.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 36,349 shares of company stock valued at $21,372,994. 0.09% of the stock is currently owned by company insiders.

Mastercard Stock Down 0.3%

NYSE MA opened at $565.63 on Friday. The business has a fifty day moving average price of $579.00 and a two-hundred day moving average price of $560.29. Mastercard Incorporated has a fifty-two week low of $465.59 and a fifty-two week high of $601.77. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16. The stock has a market capitalization of $511.34 billion, a PE ratio of 38.14, a PEG ratio of 2.32 and a beta of 0.99.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.05 by $0.10. The business had revenue of $8.13 billion during the quarter, compared to analysts’ expectations of $7.95 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The firm’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same period in the prior year, the company earned $3.50 EPS. Equities analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Thursday, October 9th will be issued a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Thursday, October 9th. Mastercard’s dividend payout ratio is presently 20.50%.

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.