Wealthcare Advisory Partners LLC Acquires 613 Shares of Mastercard Incorporated (NYSE:MA)

Wealthcare Advisory Partners LLC boosted its holdings in shares of Mastercard Incorporated (NYSE:MAFree Report) by 12.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,505 shares of the credit services provider’s stock after purchasing an additional 613 shares during the period. Wealthcare Advisory Partners LLC’s holdings in Mastercard were worth $2,651,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Activest Wealth Management increased its holdings in Mastercard by 87.4% in the fourth quarter. Activest Wealth Management now owns 536 shares of the credit services provider’s stock valued at $229,000 after purchasing an additional 250 shares during the period. Cross Staff Investments Inc grew its holdings in Mastercard by 16.3% during the 4th quarter. Cross Staff Investments Inc now owns 3,148 shares of the credit services provider’s stock worth $1,343,000 after acquiring an additional 441 shares during the period. Everett Harris & Co. CA grew its holdings in Mastercard by 0.5% during the 4th quarter. Everett Harris & Co. CA now owns 49,539 shares of the credit services provider’s stock worth $21,129,000 after acquiring an additional 252 shares during the period. Atlantic Union Bankshares Corp grew its holdings in Mastercard by 23.9% during the 4th quarter. Atlantic Union Bankshares Corp now owns 12,124 shares of the credit services provider’s stock worth $5,171,000 after acquiring an additional 2,337 shares during the period. Finally, J.Safra Asset Management Corp grew its holdings in Mastercard by 7.2% during the 4th quarter. J.Safra Asset Management Corp now owns 490 shares of the credit services provider’s stock worth $209,000 after acquiring an additional 33 shares during the period. 97.28% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

MA has been the subject of a number of recent analyst reports. Robert W. Baird increased their price target on Mastercard from $525.00 to $545.00 and gave the stock an “outperform” rating in a report on Thursday, April 18th. Evercore ISI reduced their target price on Mastercard from $540.00 to $525.00 and set an “outperform” rating for the company in a research note on Tuesday. Susquehanna reaffirmed a “positive” rating and issued a $535.00 price target on shares of Mastercard in a research report on Wednesday, April 3rd. TD Cowen assumed coverage on shares of Mastercard in a research report on Thursday, April 11th. They issued a “buy” rating and a $545.00 price target on the stock. Finally, Mizuho dropped their price target on shares of Mastercard from $480.00 to $478.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. Two investment 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’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $496.91.

Read Our Latest Stock Analysis on MA

Mastercard Price Performance

Shares of NYSE MA traded down $6.36 during mid-day trading on Thursday, reaching $446.02. 679,725 shares of the company were exchanged, compared to its average volume of 2,425,990. Mastercard Incorporated has a 52 week low of $359.77 and a 52 week high of $490.00. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.86. The stock has a market capitalization of $414.62 billion, a PE ratio of 35.96, a PEG ratio of 1.78 and a beta of 1.09. The company’s 50 day moving average price is $452.17 and its 200 day moving average price is $452.78.

Mastercard (NYSE:MAGet Free Report) last posted its quarterly 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 the consensus estimate of $6.34 billion. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period in the previous year, the firm posted $2.80 earnings per share. Sell-side analysts forecast that Mastercard Incorporated will post 14.26 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Tuesday, July 9th will be paid a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend is Tuesday, July 9th. Mastercard’s dividend payout ratio (DPR) is 20.99%.

Insider Activity

In other news, insider Sandra A. Arkell sold 300 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $447.23, for a total transaction of $134,169.00. Following the completion of 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 legal filing with the SEC, which is accessible through this hyperlink. In related news, insider Sandra A. Arkell sold 300 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $447.23, for a total transaction of $134,169.00. Following the transaction, the insider now owns 4,063 shares in the company, valued at $1,817,095.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Foundation Mastercard sold 111,000 shares of the business’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $457.15, for a total transaction of $50,743,650.00. Following the transaction, the insider now owns 97,432,308 shares in the company, valued at approximately $44,541,179,602.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,025,228 shares of company stock valued at $1,366,000,650. Insiders own 0.10% of the company’s stock.

About Mastercard

(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.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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