Norway Savings Bank Has $576,000 Stock Holdings in Mastercard Incorporated (NYSE:MA)

Norway Savings Bank lowered its holdings in shares of Mastercard Incorporated (NYSE:MA) by 8.1% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 1,196 shares of the credit services provider’s stock after selling 105 shares during the period. Norway Savings Bank’s holdings in Mastercard were worth $576,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of MA. Altshuler Shaham Ltd acquired a new stake in Mastercard during the fourth quarter worth approximately $26,000. VitalStone Financial LLC grew its holdings in Mastercard by 300.0% in the fourth quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 45 shares during the period. LFA Lugano Financial Advisors SA bought a new stake in Mastercard in the fourth quarter valued at $27,000. Westend Capital Management LLC acquired a new position in shares of Mastercard during the first quarter valued at about $27,000. Finally, Scarborough Advisors LLC bought a new position in shares of Mastercard during the 4th quarter worth about $28,000. Institutional investors own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Piper Sandler started coverage on Mastercard in a report on Monday, May 13th. They issued an “overweight” rating and a $531.00 price target on the stock. Barclays dropped their price objective on shares of Mastercard from $549.00 to $530.00 and set an “overweight” rating on the stock in a research note on Monday, May 6th. Susquehanna reissued a “positive” rating and issued a $535.00 price target on shares of Mastercard in a research report on Wednesday, April 3rd. Evercore ISI decreased their price objective on shares of Mastercard from $540.00 to $525.00 and set an “outperform” rating for the company in a research note on Tuesday. Finally, Wells Fargo & Company raised their target price on Mastercard from $490.00 to $530.00 and gave the company an “overweight” rating in a research report on Wednesday, March 6th. Two equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $496.91.

Mastercard Stock Performance

Shares of NYSE:MA opened at $441.08 on Friday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.86. The company has a 50-day moving average price of $451.50 and a 200-day moving average price of $452.88. The company has a market cap of $410.03 billion, a price-to-earnings ratio of 35.06, a price-to-earnings-growth ratio of 1.73 and a beta of 1.09. Mastercard Incorporated has a 12 month low of $359.77 and a 12 month high of $490.00.

Mastercard (NYSE:MA) last released its quarterly earnings results on Wednesday, May 1st. The credit services provider reported $3.31 EPS for the quarter, beating analysts’ consensus estimates of $3.22 by $0.09. The business had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.34 billion. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. Mastercard’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.80 EPS. As a group, equities analysts anticipate that Mastercard Incorporated will post 14.26 EPS for the current year.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th will be given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date is Tuesday, July 9th. Mastercard’s payout ratio is currently 20.99%.

Insiders Place Their Bets

In other news, insider Sandra A. Arkell sold 300 shares of Mastercard stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $447.23, for a total transaction of $134,169.00. Following the sale, the insider now owns 4,063 shares of the company’s stock, valued at approximately $1,817,095.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Sandra A. Arkell sold 300 shares of Mastercard stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $447.23, for a total transaction of $134,169.00. Following the sale, the insider now directly owns 4,063 shares in the company, valued at $1,817,095.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Foundation Mastercard sold 110,000 shares of the business’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $441.43, for a total transaction of $48,557,300.00. Following the sale, the insider now owns 94,014,308 shares in the company, valued at approximately $41,500,735,980.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,163,228 shares of company stock worth $1,428,540,870. 0.10% of the stock is currently owned by corporate insiders.

Mastercard Company 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.