Inspirion Wealth Advisors LLC Has $2.24 Million Stock Holdings in Mastercard Incorporated (NYSE:MA)

Inspirion Wealth Advisors LLC grew its position in Mastercard Incorporated (NYSE:MA) by 1.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 6,626 shares of the credit services provider’s stock after purchasing an additional 121 shares during the quarter. Mastercard comprises about 0.8% of Inspirion Wealth Advisors LLC’s portfolio, making the stock its 20th largest holding. Inspirion Wealth Advisors LLC’s holdings in Mastercard were worth $2,241,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Strategic Blueprint LLC raised its holdings in Mastercard by 2.5% in the second quarter. Strategic Blueprint LLC now owns 1,414 shares of the credit services provider’s stock worth $418,000 after purchasing an additional 34 shares during the period. Keudell Morrison Wealth Management raised its holdings in shares of Mastercard by 1.8% during the second quarter. Keudell Morrison Wealth Management now owns 1,959 shares of the credit services provider’s stock worth $579,000 after acquiring an additional 35 shares during the period. Mitchell Sinkler & Starr PA raised its holdings in shares of Mastercard by 0.8% during the second quarter. Mitchell Sinkler & Starr PA now owns 4,600 shares of the credit services provider’s stock worth $1,360,000 after acquiring an additional 35 shares during the period. 10 15 Associates Inc. raised its holdings in shares of Mastercard by 2.9% during the second quarter. 10 15 Associates Inc. now owns 1,233 shares of the credit services provider’s stock worth $365,000 after acquiring an additional 35 shares during the period. Finally, Sargent Investment Group LLC raised its holdings in shares of Mastercard by 1.0% during the second quarter. Sargent Investment Group LLC now owns 3,401 shares of the credit services provider’s stock worth $1,024,000 after acquiring an additional 35 shares during the period. Institutional investors own 73.72% of the company’s stock.

A number of brokerages recently commented on MA. Morgan Stanley raised their price objective on shares of Mastercard from $311.00 to $315.00 and gave the stock an “overweight” rating in a report on Tuesday, July 28th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Mastercard from $320.00 to $383.00 and gave the stock a “buy” rating in a report on Tuesday, September 15th. 140166 raised their price objective on shares of Mastercard from $360.00 to $395.00 and gave the stock a “positive” rating in a report on Thursday, September 10th. Oppenheimer began coverage on shares of Mastercard in a report on Friday, July 31st. They set a “hold” rating on the stock. Finally, Compass Point raised their price objective on shares of Mastercard from $330.00 to $370.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Five research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $347.81.

Shares of Mastercard stock opened at $339.40 on Friday. Mastercard Incorporated has a twelve month low of $199.99 and a twelve month high of $367.25. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 1.92. The company has a 50-day simple moving average of $341.23 and a two-hundred day simple moving average of $305.61. The stock has a market capitalization of $339.76 billion, a price-to-earnings ratio of 46.94, a price-to-earnings-growth ratio of 2.94 and a beta of 1.11.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, July 30th. The credit services provider reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.21. Mastercard had a net margin of 45.12% and a return on equity of 129.52%. The business had revenue of $3.30 billion during the quarter, compared to analysts’ expectations of $3.26 billion. During the same quarter in the previous year, the company earned $1.89 EPS. The business’s revenue was down 19.8% on a year-over-year basis. On average, sell-side analysts anticipate that Mastercard Incorporated will post 6.62 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Friday, October 9th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.47%. The ex-dividend date is Thursday, October 8th. Mastercard’s payout ratio is presently 20.59%.

In other news, Director Richard Haythornthwaite sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $307.29, for a total value of $1,536,450.00. Following the completion of the transaction, the director now directly owns 32,573 shares in the company, valued at approximately $10,009,357.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Foundation Mastercard sold 68,670 shares of the business’s stock in a transaction that occurred on Monday, July 20th. The shares were sold at an average price of $308.54, for a total transaction of $21,187,441.80. Following the completion of the transaction, the insider now owns 109,933,814 shares of the company’s stock, valued at $33,918,978,971.56. The disclosure for this sale can be found here. Insiders sold a total of 263,465 shares of company stock valued at $83,297,010 over the last 90 days. Corporate insiders own 3.79% of the company’s stock.

About Mastercard

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

Further Reading: What is the Difference Between Common Shares and Convertible Shares?

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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