Mastercard Incorporated (NYSE:MA) Holdings Decreased by Frazier Financial Advisors LLC

Frazier Financial Advisors LLC trimmed its position in Mastercard Incorporated (NYSE:MA) by 21.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 149 shares of the credit services provider’s stock after selling 41 shares during the quarter. Frazier Financial Advisors LLC’s holdings in Mastercard were worth $74,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in MA. Highline Wealth Partners LLC bought a new position in Mastercard during the 3rd quarter worth $25,000. Strategic Investment Solutions Inc. IL bought a new position in Mastercard during the 2nd quarter worth $34,000. Fairway Wealth LLC bought a new position in Mastercard during the 2nd quarter worth $35,000. First Personal Financial Services bought a new position in Mastercard during the 3rd quarter worth $39,000. Finally, Lowe Wealth Advisors LLC grew its stake in Mastercard by 74.0% during the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock worth $43,000 after buying an additional 37 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on MA. Macquarie upped their price objective on Mastercard from $505.00 to $565.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. KeyCorp boosted their price target on Mastercard from $515.00 to $580.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Argus upgraded Mastercard to a “strong-buy” rating in a research report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft boosted their price target on Mastercard from $510.00 to $580.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, UBS Group boosted their price target on Mastercard from $590.00 to $610.00 and gave the stock a “buy” rating in a research report on Thursday. Four research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $549.16.

Insider Activity at Mastercard

In other Mastercard news, major shareholder Foundation Mastercard sold 90,000 shares of the company’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 transaction, the insider now directly owns 91,649,308 shares of the company’s stock, valued at $42,965,195,590.40. This represents a 0.10 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $489.86, for a total value of $2,294,994.10. Following the completion of the transaction, the chief marketing officer now directly owns 15,031 shares in the company, valued at approximately $7,363,085.66. The trade was a 23.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 208,370 shares of company stock valued at $97,749,218. Company insiders own 0.10% of the company’s stock.

Mastercard Stock Up 0.3 %

Shares of Mastercard stock opened at $521.89 on Friday. The stock’s fifty day moving average is $504.09 and its 200-day moving average is $471.18. The firm has a market capitalization of $479.01 billion, a PE ratio of 39.48, a price-to-earnings-growth ratio of 2.28 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 Incorporated has a 12-month low of $395.55 and a 12-month high of $534.03.

Mastercard (NYSE:MA) last posted 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 firm had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.27 billion. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. Mastercard’s quarterly revenue was up 12.8% on a year-over-year basis. During the same period in the previous year, the firm earned $3.39 earnings per share. Equities analysts anticipate that Mastercard Incorporated will post 14.47 earnings per share for the current year.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors 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 0.51%. The ex-dividend date was Wednesday, October 9th. Mastercard’s payout ratio is 19.97%.

Mastercard 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.