Wrapmanager Inc. Sells 445 Shares of Mastercard Incorporated (NYSE:MA)

Wrapmanager Inc. lessened its stake in Mastercard Incorporated (NYSE:MA) by 7.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,276 shares of the credit services provider’s stock after selling 445 shares during the quarter. Wrapmanager Inc.’s holdings in Mastercard were worth $2,605,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Highline Wealth Partners LLC acquired a new stake in shares of Mastercard in the third quarter valued at approximately $25,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Mastercard in the second quarter valued at approximately $34,000. Fairway Wealth LLC acquired a new stake in shares of Mastercard in the 2nd quarter valued at approximately $35,000. First Personal Financial Services acquired a new stake in shares of Mastercard in the 3rd quarter valued at approximately $39,000. Finally, Lowe Wealth Advisors LLC boosted its holdings in shares of Mastercard by 74.0% in the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock valued at $43,000 after buying an additional 37 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Buying and Selling at Mastercard

In other Mastercard news, major shareholder Foundation Mastercard sold 90,000 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $468.80, for a total value of $42,192,000.00. Following the sale, the insider now owns 91,649,308 shares of the company’s stock, valued at $42,965,195,590.40. This trade represents a 0.10 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $493.10, for a total value of $2,310,173.50. Following the completion of the sale, the chief marketing officer now directly owns 17,118 shares in the company, valued at approximately $8,440,885.80. The trade was a 21.49 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 99,370 shares of company stock valued at $46,797,168. Company insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

MA has been the subject of several recent analyst reports. Bank of America increased their price objective on Mastercard from $480.00 to $509.00 and gave the company a “neutral” rating in a report on Tuesday, September 17th. TD Cowen boosted their target price on Mastercard from $533.00 to $567.00 and gave the stock a “buy” rating in a report on Friday. Oppenheimer began coverage on Mastercard in a research report on Tuesday, October 1st. They set an “outperform” rating and a $591.00 price target on the stock. Macquarie boosted their target price on shares of Mastercard from $505.00 to $565.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, UBS Group upped their target price on Mastercard from $590.00 to $610.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Four investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $549.16.

Mastercard Trading Down 0.0 %

NYSE:MA opened at $521.63 on Tuesday. The firm’s fifty day moving average is $504.78 and its 200-day moving average is $471.95. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29. Mastercard Incorporated has a 52 week low of $398.26 and a 52 week high of $534.03. The firm has a market cap of $478.77 billion, a P/E ratio of 39.46, a P/E/G ratio of 2.32 and a beta of 1.10.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, beating analysts’ consensus estimates of $3.73 by $0.16. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The firm had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.27 billion. During the same quarter last year, the firm posted $3.39 earnings per share. The company’s revenue for the quarter was up 12.8% compared to the same quarter last year. Equities analysts expect that Mastercard Incorporated will post 14.47 earnings per share for the current year.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th were paid a $0.66 dividend. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a yield of 0.51%. Mastercard’s dividend payout ratio (DPR) is presently 19.97%.

Mastercard Company 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.