Executive Wealth Management LLC Buys 93 Shares of Mastercard Incorporated (NYSE:MA)

Executive Wealth Management LLC lifted its position in Mastercard Incorporated (NYSE:MA) by 0.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 14,462 shares of the credit services provider’s stock after acquiring an additional 93 shares during the quarter. Executive Wealth Management LLC’s holdings in Mastercard were worth $7,141,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in MA. Highline Wealth Partners LLC bought a new stake in shares of Mastercard in the 3rd quarter worth about $25,000. Strategic Investment Solutions Inc. IL bought a new stake in Mastercard during the second quarter worth approximately $34,000. Fairway Wealth LLC bought a new stake in Mastercard during the second quarter worth approximately $35,000. Lowe Wealth Advisors LLC raised its position in Mastercard by 74.0% during the third quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock valued at $43,000 after purchasing an additional 37 shares during the period. Finally, Valley Wealth Managers Inc. lifted its stake in shares of Mastercard by 1,166.7% in the 2nd quarter. Valley Wealth Managers Inc. now owns 114 shares of the credit services provider’s stock valued at $50,000 after purchasing an additional 105 shares during the last quarter. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Mastercard Price Performance

Shares of NYSE:MA opened at $524.67 on Friday. Mastercard Incorporated has a 12 month low of $386.74 and a 12 month high of $528.84. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.29 and a quick ratio of 1.29. The firm has a market capitalization of $481.56 billion, a P/E ratio of 39.69, a P/E/G ratio of 2.28 and a beta of 1.10. The company’s fifty day moving average price is $499.68 and its 200 day moving average price is $468.84.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, beating analysts’ consensus estimates of $3.73 by $0.16. The company had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.27 billion. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The firm’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.39 earnings per share. As a group, sell-side analysts predict that Mastercard Incorporated will post 14.45 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th were given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 0.50%. The ex-dividend date was Wednesday, October 9th. Mastercard’s payout ratio is currently 19.97%.

Insider Buying and Selling at Mastercard

In related news, 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 transaction of $50,952,050.00. Following the transaction, the insider now owns 91,924,308 shares of the company’s stock, valued at $42,970,017,774.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction 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 completion of the sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Foundation Mastercard sold 109,000 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $467.45, for a total transaction of $50,952,050.00. Following 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. Over the last three months, insiders have sold 327,370 shares of company stock worth $153,495,958. 0.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

MA has been the topic of several analyst reports. BNP Paribas downgraded Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 target price on the stock. in a research report on Tuesday, September 3rd. Compass Point started coverage on shares of Mastercard in a research report on Wednesday, September 4th. They set a “neutral” rating and a $525.00 price objective on the stock. Morgan Stanley raised their target price on shares of Mastercard from $540.00 to $544.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. TD Cowen upped their price target on Mastercard from $532.00 to $533.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Finally, Oppenheimer initiated coverage on Mastercard in a report on Tuesday, October 1st. They issued an “outperform” rating and a $591.00 price objective on the stock. Four research analysts have rated the stock with a hold rating, twenty have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, Mastercard has a consensus rating of “Moderate Buy” and an average price target of $540.17.

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.