Birch Hill Investment Advisors LLC Sells 1,101 Shares of Mastercard Incorporated (MA)

Birch Hill Investment Advisors LLC lowered its position in shares of Mastercard Incorporated (NYSE:MA) by 1.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 85,144 shares of the credit services provider’s stock after selling 1,101 shares during the quarter. Birch Hill Investment Advisors LLC’s holdings in Mastercard were worth $10,341,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Glassman Wealth Services increased its holdings in Mastercard by 0.3% in the first quarter. Glassman Wealth Services now owns 1,769 shares of the credit services provider’s stock valued at $199,000 after purchasing an additional 6 shares during the last quarter. Proficio Capital Partners LLC increased its holdings in Mastercard by 1.3% in the second quarter. Proficio Capital Partners LLC now owns 905 shares of the credit services provider’s stock valued at $118,000 after purchasing an additional 12 shares during the last quarter. Concert Wealth Management Inc. increased its holdings in Mastercard by 0.3% in the first quarter. Concert Wealth Management Inc. now owns 6,467 shares of the credit services provider’s stock valued at $664,000 after purchasing an additional 18 shares during the last quarter. Berkshire Asset Management LLC PA increased its holdings in Mastercard by 0.3% in the second quarter. Berkshire Asset Management LLC PA now owns 6,448 shares of the credit services provider’s stock valued at $783,000 after purchasing an additional 18 shares during the last quarter. Finally, First Interstate Bank increased its holdings in Mastercard by 1.4% in the second quarter. First Interstate Bank now owns 1,643 shares of the credit services provider’s stock valued at $200,000 after purchasing an additional 23 shares during the last quarter. Institutional investors own 76.21% of the company’s stock.

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In other Mastercard news, insider Craig Vosburg sold 14,200 shares of the company’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $141.86, for a total value of $2,014,412.00. Following the sale, the insider now owns 40,646 shares in the company, valued at $5,766,041.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Richard Haythornthwaite sold 5,000 shares of the stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $142.51, for a total value of $712,550.00. Following the transaction, the director now owns 45,278 shares in the company, valued at approximately $6,452,567.78. The disclosure for this sale can be found here. Insiders sold 25,000 shares of company stock worth $3,582,984 in the last 90 days. Corporate insiders own 0.30% of the company’s stock.

MA has been the subject of a number of recent analyst reports. Wedbush reiterated a “buy” rating and issued a $140.00 price objective (up previously from $129.00) on shares of Mastercard in a report on Wednesday, September 6th. Susquehanna Bancshares Inc reiterated a “positive” rating and issued a $158.00 price objective (up previously from $149.00) on shares of Mastercard in a report on Friday, September 8th. Barclays PLC upped their price objective on Mastercard from $142.00 to $148.00 and gave the company an “overweight” rating in a report on Friday, September 8th. Citigroup Inc. upped their price objective on Mastercard from $157.00 to $167.00 and gave the company a “buy” rating in a report on Wednesday, October 18th. Finally, Instinet reiterated a “buy” rating and issued a $163.00 price objective (up previously from $153.00) on shares of Mastercard in a report on Saturday, September 9th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-eight have assigned a buy rating to the company’s stock. Mastercard has a consensus rating of “Buy” and an average target price of $157.68.

Shares of Mastercard Incorporated (MA) opened at $150.33 on Friday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.66 and a quick ratio of 1.66. The stock has a market capitalization of $157,031.33, a P/E ratio of 34.42, a price-to-earnings-growth ratio of 1.97 and a beta of 1.21. Mastercard Incorporated has a 52 week low of $99.51 and a 52 week high of $152.00.

Mastercard (NYSE:MA) last released its quarterly earnings data on Tuesday, October 31st. The credit services provider reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.11. The firm had revenue of $3.40 billion for the quarter, compared to analyst estimates of $3.28 billion. Mastercard had a return on equity of 78.38% and a net margin of 38.70%. The business’s revenue for the quarter was up 18.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.08 earnings per share. equities research analysts forecast that Mastercard Incorporated will post 4.54 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 9th. Shareholders of record on Friday, October 6th were paid a $0.22 dividend. The ex-dividend date of this dividend was Thursday, October 5th. This represents a $0.88 annualized dividend and a yield of 0.59%. Mastercard’s dividend payout ratio is 20.47%.

Mastercard Company Profile

MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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