Global Wealth Management Investment Advisory Inc. Makes New $231,000 Investment in Mastercard Incorporated (NYSE:MA)

Global Wealth Management Investment Advisory Inc. bought a new stake in Mastercard Incorporated (NYSE:MA) in the 3rd quarter, Holdings Channel.com reports. The firm bought 467 shares of the credit services provider’s stock, valued at approximately $231,000.

Several other institutional investors and hedge funds have also made changes to their positions in MA. International Assets Investment Management LLC grew its holdings in shares of Mastercard by 120,665.3% during the third quarter. International Assets Investment Management LLC now owns 8,041,758 shares of the credit services provider’s stock worth $3,971,020,000 after buying an additional 8,035,099 shares during the last quarter. Swedbank AB purchased a new position in shares of Mastercard in the 1st quarter valued at approximately $660,652,000. PineStone Asset Management Inc. grew its stake in shares of Mastercard by 145.6% in the 2nd quarter. PineStone Asset Management Inc. now owns 1,777,468 shares of the credit services provider’s stock valued at $784,148,000 after purchasing an additional 1,053,616 shares during the last quarter. Manning & Napier Advisors LLC acquired a new position in shares of Mastercard in the second quarter valued at approximately $259,071,000. Finally, Capital World Investors raised its stake in shares of Mastercard by 13.3% during the first quarter. Capital World Investors now owns 3,293,617 shares of the credit services provider’s stock worth $1,586,107,000 after purchasing an additional 387,317 shares during the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Mastercard

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief marketing officer now directly owns 17,118 shares of the company’s stock, valued at approximately $8,440,885.80. This trade represents a 0.00 % 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. In related news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction on Friday, September 13th. The stock was sold at an average price of $493.10, for a total value of $2,310,173.50. Following the transaction, the chief marketing officer now owns 17,118 shares in the company, valued at approximately $8,440,885.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Foundation Mastercard sold 109,000 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $467.45, for a total value of $50,952,050.00. Following the completion of the transaction, the insider now owns 91,924,308 shares in the company, valued at approximately $42,970,017,774.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 327,370 shares of company stock worth $153,495,958 in the last 90 days. 0.10% of the stock is owned by company insiders.

Mastercard Stock Down 0.0 %

Shares of NYSE:MA opened at $505.53 on Wednesday. Mastercard Incorporated has a 52-week low of $384.20 and a 52-week high of $527.90. The stock’s fifty day simple moving average is $497.12 and its 200-day simple moving average is $467.65. The company has a market capitalization of $467.03 billion, a P/E ratio of 38.24, a P/E/G ratio of 2.23 and a beta of 1.10. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.36.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, beating the consensus estimate of $3.73 by $0.16. The company had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.27 billion. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. Mastercard’s revenue was up 12.8% on a year-over-year basis. During the same period in the previous year, the firm posted $3.39 EPS. As a group, equities research analysts forecast that Mastercard Incorporated will post 14.4 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th will be paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date is Wednesday, October 9th. Mastercard’s payout ratio is 19.97%.

Analyst Upgrades and Downgrades

MA has been the topic of a number of analyst reports. Citigroup lifted their price objective on shares of Mastercard from $566.00 to $572.00 and gave the company a “buy” rating in a research report on Monday. Oppenheimer started coverage on shares of Mastercard in a research note on Tuesday, October 1st. They set an “outperform” rating and a $591.00 price target on the stock. Bank of America increased their price target on shares of Mastercard from $480.00 to $509.00 and gave the stock a “neutral” rating in a report on Tuesday, September 17th. Barclays lifted their price objective on Mastercard from $536.00 to $576.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Finally, Argus raised Mastercard to a “strong-buy” rating in a report on Thursday, August 1st. Four analysts have rated the stock with a hold rating, twenty have given a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $540.17.

About Mastercard

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.