Harrington Investments INC Purchases 67 Shares of Mastercard Incorporated (NYSE:MA)

Harrington Investments INC increased its stake in shares of Mastercard Incorporated (NYSE:MA) by 2.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 3,478 shares of the credit services provider’s stock after buying an additional 67 shares during the period. Harrington Investments INC’s holdings in Mastercard were worth $1,906,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Mastercard by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 77,179,138 shares of the credit services provider’s stock valued at $40,640,219,000 after buying an additional 377,302 shares during the period. FMR LLC increased its position in shares of Mastercard by 4.3% during the fourth quarter. FMR LLC now owns 22,267,937 shares of the credit services provider’s stock worth $11,725,627,000 after acquiring an additional 912,856 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Mastercard by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 18,657,792 shares of the credit services provider’s stock worth $9,800,202,000 after purchasing an additional 282,739 shares during the last quarter. Norges Bank bought a new position in Mastercard during the 4th quarter valued at $6,022,224,000. Finally, Wellington Management Group LLP lifted its position in shares of Mastercard by 9.1% during the 4th quarter. Wellington Management Group LLP now owns 9,760,740 shares of the credit services provider’s stock worth $5,139,713,000 after buying an additional 817,836 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Evercore ISI initiated coverage on shares of Mastercard in a report on Wednesday, April 9th. They set an “in-line” rating and a $550.00 target price on the stock. Monness Crespi & Hardt downgraded Mastercard from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 9th. Wall Street Zen cut shares of Mastercard from a “buy” rating to a “hold” rating in a research note on Friday. UBS Group increased their target price on Mastercard from $660.00 to $670.00 and gave the company a “buy” rating in a report on Tuesday. Finally, The Goldman Sachs Group restated a “buy” rating and set a $633.00 price target on shares of Mastercard in a report on Wednesday, April 2nd. Seven analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Mastercard currently has an average rating of “Moderate Buy” and a consensus target price of $610.00.

Mastercard Price Performance

MA opened at $590.03 on Friday. The firm has a market cap of $537.94 billion, a price-to-earnings ratio of 42.48, a price-to-earnings-growth ratio of 2.37 and a beta of 1.05. The company’s 50-day moving average price is $547.49 and its 200 day moving average price is $541.73. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $591.16.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.57 by $0.16. The company had revenue of $7.25 billion for the quarter, compared to analysts’ expectations of $7.12 billion. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. The firm’s revenue was up 14.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.31 earnings per share. As a group, sell-side analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Insider Activity at Mastercard

In related news, insider Sandra A. Arkell sold 150 shares of the firm’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $580.00, for a total value of $87,000.00. Following the transaction, the insider now owns 3,255 shares in the company, valued at $1,887,900. This trade represents a 4.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Craig Vosburg sold 14,051 shares of the company’s stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $585.05, for a total transaction of $8,220,537.55. Following the sale, the insider now owns 58,451 shares of the company’s stock, valued at $34,196,757.55. The trade was a 19.38% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 37,258 shares of company stock worth $20,885,067. 0.09% of the stock is owned by insiders.

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.