Providence Wealth Advisors LLC Buys 105 Shares of Mastercard Incorporated (NYSE:MA)

Providence Wealth Advisors LLC raised its stake in shares of Mastercard Incorporated (NYSE:MA) by 4.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,688 shares of the credit services provider’s stock after purchasing an additional 105 shares during the period. Providence Wealth Advisors LLC’s holdings in Mastercard were worth $1,380,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of 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 raised its position 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 worth $43,000 after acquiring an additional 37 shares in the last quarter. 97.28% of the stock is owned by institutional investors.

Mastercard Price Performance

MA stock opened at $532.38 on Friday. The company has a market capitalization of $488.63 billion, a P/E ratio of 40.27, a price-to-earnings-growth ratio of 2.37 and a beta of 1.10. 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 $404.32 and a 52-week high of $534.03. The business has a 50-day simple moving average of $509.57 and a two-hundred day simple moving average of $475.63.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $7.27 billion. During the same quarter in the previous year, the business earned $3.39 EPS. The company’s revenue was up 12.8% compared to the same quarter last year. Research analysts expect that Mastercard Incorporated will post 14.47 EPS for the current fiscal year.

Mastercard Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Stockholders 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 dividend yield of 0.50%. Mastercard’s payout ratio is presently 19.97%.

Analyst Ratings Changes

Several research analysts have recently weighed in on MA shares. UBS Group lifted their price objective on Mastercard from $590.00 to $610.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Morgan Stanley lifted their price objective on Mastercard from $544.00 to $564.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. BNP Paribas lowered Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price objective for the company. in a research report on Tuesday, September 3rd. TD Cowen lifted their price objective on Mastercard from $533.00 to $567.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, Compass Point started coverage on Mastercard in a research report on Wednesday, September 4th. They issued a “neutral” rating and a $525.00 price objective for the company. Four research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Mastercard presently has an average rating of “Moderate Buy” and an average target price of $549.16.

Insider Transactions at Mastercard

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief marketing officer now owns 15,031 shares in the company, valued at $7,363,085.66. The trade was a 23.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.10% of the company’s stock.

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.