First Horizon Advisors Inc. Buys 214 Shares of Mastercard Incorporated (NYSE:MA)

First Horizon Advisors Inc. raised its stake in Mastercard Incorporated (NYSE:MA) by 4.5% during the second quarter, HoldingsChannel.com reports. The fund owned 4,936 shares of the credit services provider’s stock after purchasing an additional 214 shares during the quarter. First Horizon Advisors Inc.’s holdings in Mastercard were worth $2,178,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of MA. Hoxton Planning & Management LLC grew its stake in Mastercard by 1.4% during the 1st quarter. Hoxton Planning & Management LLC now owns 1,637 shares of the credit services provider’s stock valued at $788,000 after acquiring an additional 22 shares in the last quarter. Carolinas Wealth Consulting LLC increased its position in Mastercard by 5.0% during the fourth quarter. Carolinas Wealth Consulting LLC now owns 484 shares of the credit services provider’s stock worth $206,000 after purchasing an additional 23 shares during the last quarter. Benin Management CORP boosted its holdings in Mastercard by 3.0% in the 1st quarter. Benin Management CORP now owns 794 shares of the credit services provider’s stock valued at $382,000 after purchasing an additional 23 shares during the last quarter. Atticus Wealth Management LLC increased its stake in Mastercard by 1.3% during the first quarter. Atticus Wealth Management LLC now owns 1,734 shares of the credit services provider’s stock worth $835,000 after acquiring an additional 23 shares during the last quarter. Finally, Strategic Advisors LLC increased its holdings in Mastercard by 0.3% in the 1st quarter. Strategic Advisors LLC now owns 6,881 shares of the credit services provider’s stock valued at $3,314,000 after purchasing an additional 23 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Mizuho decreased their price objective on Mastercard from $480.00 to $478.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. KeyCorp lifted their price objective on shares of Mastercard from $490.00 to $515.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Evercore ISI lowered their price objective on Mastercard from $540.00 to $525.00 and set an “outperform” rating on the stock in a report on Tuesday, June 25th. Barclays upped their price objective on Mastercard from $530.00 to $536.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Finally, William Blair upgraded shares of Mastercard to a “strong-buy” rating in a research report on Wednesday, July 31st. Three investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and four have given a strong buy rating to the stock. According to MarketBeat.com, Mastercard currently has a consensus rating of “Buy” and an average price target of $508.91.

Mastercard Stock Up 0.4 %

MA traded up $2.01 during trading hours on Tuesday, reaching $468.99. 295,059 shares of the stock traded hands, compared to its average volume of 2,471,340. Mastercard Incorporated has a fifty-two week low of $359.77 and a fifty-two week high of $490.00. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.14 and a quick ratio of 1.09. The company has a market cap of $435.98 billion, a price-to-earnings ratio of 37.11, a PEG ratio of 1.82 and a beta of 1.09. The firm’s fifty day simple moving average is $448.92 and its two-hundred day simple moving average is $458.27.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Tuesday, July 9th were paid a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 0.56%. The ex-dividend date was Tuesday, July 9th. Mastercard’s dividend payout ratio (DPR) is 20.99%.

Insider Activity at Mastercard

In other news, major shareholder Foundation Mastercard sold 104,000 shares of the company’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $453.25, for a total value of $47,138,000.00. Following the sale, the insider now owns 94,652,308 shares in the company, valued at approximately $42,901,158,601. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Mastercard news, CFO J. Mehra Sachin sold 13,439 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the completion of the sale, the chief financial officer now owns 27,304 shares in the company, valued at $12,423,320. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Foundation Mastercard sold 104,000 shares of the business’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $453.25, for a total transaction of $47,138,000.00. Following the sale, the insider now directly owns 94,652,308 shares of the company’s stock, valued at approximately $42,901,158,601. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,638,175 shares of company stock valued at $736,767,496. Insiders own 0.10% of the company’s stock.

About Mastercard

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.