1,010 Shares in Mastercard Incorporated (NYSE:MA) Purchased by Clarity Wealth Development LLC

Clarity Wealth Development LLC purchased a new position in Mastercard Incorporated (NYSE:MA) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 1,010 shares of the credit services provider’s stock, valued at approximately $561,000. Mastercard makes up 0.6% of Clarity Wealth Development LLC’s portfolio, making the stock its 24th biggest holding.

Several other institutional investors also recently modified their holdings of MA. NewSquare Capital LLC bought a new position in shares of Mastercard in the 4th quarter worth about $26,000. Marshall Investment Management LLC purchased a new stake in Mastercard during the 4th quarter valued at about $30,000. Halbert Hargrove Global Advisors LLC purchased a new stake in Mastercard during the 4th quarter valued at about $32,000. Truvestments Capital LLC grew its position in Mastercard by 62.5% during the 4th quarter. Truvestments Capital LLC now owns 65 shares of the credit services provider’s stock valued at $34,000 after purchasing an additional 25 shares during the last quarter. Finally, FPC Investment Advisory Inc. grew its position in Mastercard by 483.3% during the 4th quarter. FPC Investment Advisory Inc. now owns 70 shares of the credit services provider’s stock valued at $39,000 after purchasing an additional 58 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors.

Mastercard Price Performance

NYSE MA opened at $532.66 on Tuesday. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $582.23. The stock has a market cap of $485.63 billion, a price-to-earnings ratio of 38.35, a PEG ratio of 2.37 and a beta of 1.10. The company’s 50 day moving average is $545.80 and its two-hundred day moving average is $523.50. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68.

Mastercard (NYSE:MA) last released its earnings results on Thursday, January 30th. The credit services provider reported $3.82 EPS for the quarter, topping analysts’ consensus estimates of $3.71 by $0.11. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. As a group, research analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard declared that its board has approved a stock repurchase program on Tuesday, December 17th that authorizes the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization authorizes the credit services provider to buy up to 2.5% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 9th will be issued a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 0.57%. The ex-dividend date is Wednesday, April 9th. Mastercard’s dividend payout ratio (DPR) is presently 21.89%.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Raymond James reissued an “outperform” rating and set a $640.00 price objective (up from $614.00) on shares of Mastercard in a research report on Friday, January 31st. UBS Group increased their price objective on shares of Mastercard from $600.00 to $660.00 and gave the company a “buy” rating in a research report on Friday, January 31st. KeyCorp increased their price objective on shares of Mastercard from $600.00 to $630.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Citigroup raised their price target on shares of Mastercard from $584.00 to $650.00 and gave the company a “buy” rating in a report on Friday, January 31st. Finally, Royal Bank of Canada raised their price target on shares of Mastercard from $572.00 to $650.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Four analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $606.11.

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.