Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Has $767.12 Million Stock Holdings in Mastercard Incorporated (NYSE:MA)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA reduced its position in Mastercard Incorporated (NYSE:MA - Free Report) by 1.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,447,376 shares of the credit services provider's stock after selling 20,802 shares during the quarter. Mastercard makes up 7.4% of Loring Wolcott & Coolidge Fiduciary Advisors LLP MA's portfolio, making the stock its largest holding. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA owned approximately 0.16% of Mastercard worth $767,124,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. NewSquare Capital LLC bought a new position in shares of Mastercard during the fourth quarter valued at $26,000. Measured Risk Portfolios Inc. bought a new position in shares of Mastercard during the fourth quarter valued at $31,000. Halbert Hargrove Global Advisors LLC bought a new position in shares of Mastercard during the fourth quarter valued at $32,000. 10Elms LLP bought a new position in shares of Mastercard during the fourth quarter valued at $33,000. Finally, Navigoe LLC bought a new position in shares of Mastercard during the fourth quarter valued at $33,000. 97.28% of the stock is owned by institutional investors.

Mastercard Stock Performance

Shares of NYSE:MA opened at $546.71 on Friday. The company has a market capitalization of $498.44 billion, a price-to-earnings ratio of 38.34, a P/E/G ratio of 2.40 and a beta of 1.05. The firm's 50 day simple moving average is $562.44 and its 200 day simple moving average is $545.20. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.11 and a quick ratio of 1.11. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $594.71.

Mastercard (NYSE:MA - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, beating analysts' consensus estimates of $3.57 by $0.16. The business had revenue of $7.25 billion for the quarter, compared to the consensus estimate of $7.12 billion. Mastercard had a net margin of 45.21% and a return on equity of 196.87%. Mastercard's revenue for the quarter was up 14.2% on a year-over-year basis. During the same period last year, the company posted $3.31 EPS. As a group, sell-side analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th will be issued a dividend of $0.76 per share. The ex-dividend date is Wednesday, July 9th. This represents a $3.04 annualized dividend and a yield of 0.56%. Mastercard's dividend payout ratio (DPR) is currently 21.32%.

Insiders Place Their Bets

In other news, insider Craig Vosburg sold 9,428 shares of Mastercard stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $353.05, for a total value of $3,328,555.40. Following the sale, the insider now directly owns 58,451 shares in the company, valued at $20,636,125.55. This trade represents a 13.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Sandra A. Arkell sold 150 shares of Mastercard stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $569.45, for a total transaction of $85,417.50. Following the completion of the sale, the insider now owns 3,555 shares in the company, valued at $2,024,394.75. This trade represents a 4.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 36,383 shares of company stock worth $19,035,108. Company insiders own 0.09% of the company's stock.

Wall Street Analyst Weigh In

MA has been the subject of a number of analyst reports. The Goldman Sachs Group reissued a "buy" rating and set a $633.00 price objective on shares of Mastercard in a report on Wednesday, April 2nd. UBS Group raised their target price on Mastercard from $660.00 to $670.00 and gave the company a "buy" rating in a research note on Tuesday, June 3rd. Evercore ISI began coverage on Mastercard in a research note on Wednesday, April 9th. They issued an "in-line" rating and a $550.00 target price for the company. Jefferies Financial Group restated a "buy" rating on shares of Mastercard in a research note on Friday, June 6th. Finally, Citigroup raised their target price on Mastercard from $650.00 to $652.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Seven analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Mastercard presently has an average rating of "Moderate Buy" and a consensus price target of $611.50.

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.

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