Mastercard Incorporated (NYSE:MA) is Amica Retiree Medical Trust’s 9th Largest Position

Amica Retiree Medical Trust trimmed its stake in shares of Mastercard Incorporated (NYSE:MA) by 8.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,356 shares of the credit services provider’s stock after selling 292 shares during the quarter. Mastercard accounts for about 1.7% of Amica Retiree Medical Trust’s holdings, making the stock its 9th largest position. Amica Retiree Medical Trust’s holdings in Mastercard were worth $1,767,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in MA. NewSquare Capital LLC purchased a new position in Mastercard during the fourth quarter valued at approximately $26,000. Halbert Hargrove Global Advisors LLC bought a new position in Mastercard in the 4th quarter valued at $32,000. Marshall Investment Management LLC bought a new position in Mastercard in the 4th quarter valued at $30,000. Truvestments Capital LLC increased its holdings in shares of Mastercard by 62.5% in the fourth quarter. Truvestments Capital LLC now owns 65 shares of the credit services provider’s stock worth $34,000 after purchasing an additional 25 shares during the period. Finally, FPC Investment Advisory Inc. increased its holdings in shares of Mastercard by 483.3% in the fourth quarter. FPC Investment Advisory Inc. now owns 70 shares of the credit services provider’s stock worth $39,000 after purchasing an additional 58 shares during the period. Institutional investors own 97.28% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. KeyCorp raised their price target on Mastercard from $600.00 to $630.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Citigroup raised their target price on shares of Mastercard from $584.00 to $650.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Macquarie boosted their price target on shares of Mastercard from $565.00 to $645.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Keefe, Bruyette & Woods raised their price objective on shares of Mastercard from $618.00 to $665.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Finally, Royal Bank of Canada raised their price target on Mastercard from $572.00 to $650.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Four investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Mastercard presently has an average rating of “Moderate Buy” and a consensus price target of $606.11.

Mastercard Price Performance

MA stock opened at $549.13 on Thursday. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $582.23. The firm has a 50-day moving average of $549.58 and a 200 day moving average of $526.06. The company has a market cap of $500.64 billion, a P/E ratio of 39.53, a PEG ratio of 2.37 and a beta of 1.10.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, January 30th. The credit services provider reported $3.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.71 by $0.11. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. On average, sell-side analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 9th will be issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date is Wednesday, April 9th. Mastercard’s dividend payout ratio (DPR) is presently 21.89%.

Mastercard announced that its Board of Directors has approved a stock buyback plan on Tuesday, December 17th that permits the company to buyback $12.00 billion in outstanding shares. This buyback authorization permits the credit services provider to purchase up to 2.5% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board believes its stock is undervalued.

Insider Transactions at Mastercard

In other news, insider Edward Grunde Mclaughlin sold 7,132 shares of the stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total value of $3,813,337.76. Following the sale, the insider now directly owns 34,524 shares of the company’s stock, valued at approximately $18,459,292.32. This represents a 17.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.10% of the company’s stock.

Mastercard 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.