Bank of Hawaii Sells 290 Shares of Mastercard Incorporated $MA

Bank of Hawaii reduced its stake in Mastercard Incorporated (NYSE:MA) by 4.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,743 shares of the credit services provider’s stock after selling 290 shares during the quarter. Bank of Hawaii’s holdings in Mastercard were worth $3,696,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Accredited Investors Inc. boosted its stake in Mastercard by 2.6% in the 1st quarter. Accredited Investors Inc. now owns 718 shares of the credit services provider’s stock valued at $394,000 after purchasing an additional 18 shares during the period. Wealthstream Advisors Inc. grew its stake in shares of Mastercard by 2.9% in the first quarter. Wealthstream Advisors Inc. now owns 632 shares of the credit services provider’s stock valued at $347,000 after acquiring an additional 18 shares in the last quarter. Phillips Wealth Planners LLC grew its stake in shares of Mastercard by 1.8% in the first quarter. Phillips Wealth Planners LLC now owns 1,055 shares of the credit services provider’s stock valued at $538,000 after acquiring an additional 19 shares in the last quarter. Alta Wealth Advisors LLC increased its position in Mastercard by 3.6% during the first quarter. Alta Wealth Advisors LLC now owns 540 shares of the credit services provider’s stock worth $296,000 after acquiring an additional 19 shares during the period. Finally, May Hill Capital LLC raised its stake in Mastercard by 2.0% in the 1st quarter. May Hill Capital LLC now owns 986 shares of the credit services provider’s stock worth $540,000 after purchasing an additional 19 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on MA shares. UBS Group raised their target price on shares of Mastercard from $660.00 to $670.00 and gave the stock a “buy” rating in a report on Tuesday, June 3rd. Deutsche Bank Aktiengesellschaft started coverage on Mastercard in a research note on Thursday, July 17th. They set a “buy” rating and a $650.00 price objective on the stock. Wells Fargo & Company upped their target price on Mastercard from $625.00 to $650.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. TD Cowen restated a “buy” rating and issued a $645.00 price target on shares of Mastercard in a research report on Monday, August 11th. Finally, Morgan Stanley boosted their price target on Mastercard from $639.00 to $661.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $617.93.

Insiders Place Their Bets

In related news, insider Linda Pistecchia Kirkpatrick sold 959 shares of the firm’s stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $572.86, for a total value of $549,372.74. Following the completion of the transaction, the insider owned 25,540 shares in the company, valued at $14,630,844.40. This trade represents a 3.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO J. Mehra Sachin sold 17,816 shares of the business’s stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $586.89, for a total transaction of $10,456,032.24. Following the sale, the chief financial officer directly owned 31,234 shares in the company, valued at $18,330,922.26. The trade was a 36.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 56,269 shares of company stock worth $30,634,699. Company insiders own 0.09% of the company’s stock.

Mastercard Stock Performance

Mastercard stock opened at $598.1480 on Monday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. The stock has a market cap of $540.73 billion, a PE ratio of 40.33, a P/E/G ratio of 2.46 and a beta of 1.03. Mastercard Incorporated has a 12-month low of $461.90 and a 12-month high of $601.77. The business’s 50-day moving average price is $564.03 and its two-hundred day moving average price is $555.58.

Mastercard (NYSE:MA) last issued its earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, beating analysts’ consensus estimates of $4.05 by $0.10. The firm had revenue of $8.13 billion for the quarter, compared to analyst estimates of $7.95 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The company’s quarterly revenue was up 16.8% on a year-over-year basis. During the same quarter last year, the business posted $3.50 earnings per share. As a group, analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Wednesday, July 9th were given a dividend of $0.76 per share. The ex-dividend date was Wednesday, July 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.5%. Mastercard’s payout ratio is currently 20.50%.

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.