Hartford Investment Management Co. Raises Stock Position in Mastercard Inc (NYSE:MA)

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Hartford Investment Management Co. grew its holdings in shares of Mastercard Inc (NYSE:MA) by 0.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 111,119 shares of the credit services provider’s stock after purchasing an additional 494 shares during the period. Mastercard comprises about 0.8% of Hartford Investment Management Co.’s portfolio, making the stock its 26th biggest position. Hartford Investment Management Co.’s holdings in Mastercard were worth $29,394,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Claro Advisors LLC boosted its holdings in Mastercard by 4.1% in the second quarter. Claro Advisors LLC now owns 934 shares of the credit services provider’s stock valued at $247,000 after purchasing an additional 37 shares in the last quarter. Quadrant Capital Group LLC boosted its holdings in Mastercard by 0.3% in the second quarter. Quadrant Capital Group LLC now owns 15,147 shares of the credit services provider’s stock valued at $3,989,000 after purchasing an additional 38 shares in the last quarter. Elefante Mark B boosted its holdings in Mastercard by 0.9% in the second quarter. Elefante Mark B now owns 4,582 shares of the credit services provider’s stock valued at $1,212,000 after purchasing an additional 42 shares in the last quarter. Farmers & Merchants Investments Inc. boosted its holdings in Mastercard by 1.0% in the first quarter. Farmers & Merchants Investments Inc. now owns 4,560 shares of the credit services provider’s stock valued at $1,074,000 after purchasing an additional 43 shares in the last quarter. Finally, Contravisory Investment Management Inc. boosted its holdings in Mastercard by 15.5% in the second quarter. Contravisory Investment Management Inc. now owns 321 shares of the credit services provider’s stock valued at $85,000 after purchasing an additional 43 shares in the last quarter. Institutional investors own 74.39% of the company’s stock.

NYSE:MA opened at $269.45 on Monday. The business has a fifty day simple moving average of $271.45. The stock has a market capitalization of $275.25 billion, a PE ratio of 41.52, a price-to-earnings-growth ratio of 2.11 and a beta of 1.08. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.49 and a quick ratio of 1.41. Mastercard Inc has a 1 year low of $171.89 and a 1 year high of $283.33.

Mastercard (NYSE:MA) last released its quarterly earnings data on Tuesday, July 30th. The credit services provider reported $1.89 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.82 by $0.07. The firm had revenue of $4.11 billion during the quarter, compared to analysts’ expectations of $4.08 billion. Mastercard had a return on equity of 135.02% and a net margin of 42.71%. Mastercard’s revenue was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.66 earnings per share. Sell-side analysts anticipate that Mastercard Inc will post 7.61 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend is Monday, July 8th. Mastercard’s dividend payout ratio (DPR) is 20.34%.

A number of equities analysts recently issued reports on MA shares. Oppenheimer upped their price target on Mastercard from $242.00 to $259.00 and gave the company an “outperform” rating in a report on Wednesday, April 17th. Wells Fargo & Co upped their price target on Mastercard from $285.00 to $305.00 and gave the company an “outperform” rating in a report on Wednesday, July 10th. Zacks Investment Research raised Mastercard from a “hold” rating to a “buy” rating and set a $275.00 price target for the company in a report on Wednesday, May 15th. KeyCorp boosted their price objective on Mastercard from $230.00 to $265.00 and gave the company an “overweight” rating in a research note on Friday, May 3rd. Finally, Susquehanna Bancshares boosted their price objective on Mastercard from $293.00 to $320.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Two equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company’s stock. Mastercard currently has an average rating of “Buy” and an average target price of $287.20.

In related news, Director David R. Carlucci sold 3,974 shares of the stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $262.51, for a total transaction of $1,043,214.74. Following the sale, the director now owns 54,438 shares of the company’s stock, valued at $14,290,519.38. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Lance Darrell Gordon Uggla acquired 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were bought at an average cost of $275.71 per share, for a total transaction of $413,565.00. Following the purchase, the director now owns 3,691 shares of the company’s stock, valued at $1,017,645.61. The disclosure for this purchase can be found here. Insiders sold 137,921 shares of company stock worth $37,322,422 in the last three months. 3.70% of the stock is owned by corporate insiders.

Mastercard Profile

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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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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