Opal Wealth Advisors LLC Sells 271 Shares of Mastercard Incorporated (NYSE:MA)

Opal Wealth Advisors LLC decreased its position in Mastercard Incorporated (NYSE:MAFree Report) by 30.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 614 shares of the credit services provider’s stock after selling 271 shares during the quarter. Opal Wealth Advisors LLC’s holdings in Mastercard were worth $296,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in MA. Altshuler Shaham Ltd bought a new position in shares of Mastercard during the fourth quarter valued at $26,000. VitalStone Financial LLC increased its holdings in shares of Mastercard by 300.0% during the fourth quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock valued at $26,000 after acquiring an additional 45 shares in the last quarter. LFA Lugano Financial Advisors SA bought a new position in shares of Mastercard during the fourth quarter valued at $27,000. Scarborough Advisors LLC bought a new position in shares of Mastercard during the fourth quarter valued at $28,000. Finally, Beaird Harris Wealth Management LLC bought a new position in shares of Mastercard during the fourth quarter valued at $30,000. Institutional investors own 97.28% of the company’s stock.

Mastercard Stock Up 0.5 %

Shares of MA stock traded up $2.34 during mid-day trading on Friday, hitting $454.85. The stock had a trading volume of 5,062,383 shares, compared to its average volume of 2,114,539. Mastercard Incorporated has a 12-month low of $359.77 and a 12-month high of $490.00. The firm has a market capitalization of $422.83 billion, a P/E ratio of 36.16, a price-to-earnings-growth ratio of 1.77 and a beta of 1.09. The firm’s 50-day moving average is $452.30 and its two-hundred day moving average is $452.16. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.09 and a quick ratio of 1.09.

Mastercard (NYSE:MAGet Free Report) last issued its earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share for the quarter, topping the consensus estimate of $3.22 by $0.09. The business had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.34 billion. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the prior year, the business earned $2.80 EPS. On average, analysts predict that Mastercard Incorporated will post 14.22 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Tuesday, July 9th will be given a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 0.58%. The ex-dividend date is Tuesday, July 9th. Mastercard’s payout ratio is 20.99%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on MA. TD Cowen began coverage on Mastercard in a report on Thursday, April 11th. They set a “buy” rating and a $545.00 price target for the company. Piper Sandler began coverage on Mastercard in a research report on Monday, May 13th. They set an “overweight” rating and a $531.00 price objective on the stock. Robert W. Baird increased their price objective on Mastercard from $525.00 to $545.00 and gave the company an “outperform” rating in a research report on Thursday, April 18th. JPMorgan Chase & Co. dropped their price objective on Mastercard from $520.00 to $510.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd. Finally, Barclays dropped their price objective on Mastercard from $549.00 to $530.00 and set an “overweight” rating on the stock in a research report on Monday, May 6th. Two analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $497.78.

View Our Latest Stock Analysis on MA

Insider Transactions at Mastercard

In other news, major shareholder Foundation Mastercard sold 107,000 shares of the business’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $445.98, for a total value of $47,719,860.00. Following the completion of the transaction, the insider now directly owns 92,891,308 shares of the company’s stock, valued at approximately $41,427,665,541.84. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, insider Sandra A. Arkell sold 300 shares of the stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $447.23, for a total value of $134,169.00. Following the transaction, the insider now directly owns 4,063 shares of the company’s stock, valued at $1,817,095.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Foundation Mastercard sold 107,000 shares of the stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $445.98, for a total value of $47,719,860.00. Following the completion of the transaction, the insider now directly owns 92,891,308 shares in the company, valued at $41,427,665,541.84. The disclosure for this sale can be found here. In the last three months, insiders sold 2,774,200 shares of company stock valued at $1,251,670,450. Corporate insiders own 0.10% of the company’s stock.

Mastercard Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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