Weatherly Asset Management L. P. Acquires 339 Shares of Mastercard Incorporated (NYSE:MA)

Weatherly Asset Management L. P. increased its holdings in shares of Mastercard Incorporated (NYSE:MA) by 6.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,441 shares of the credit services provider’s stock after purchasing an additional 339 shares during the quarter. Weatherly Asset Management L. P.’s holdings in Mastercard were worth $2,321,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Activest Wealth Management increased its position in Mastercard by 87.4% during the fourth quarter. Activest Wealth Management now owns 536 shares of the credit services provider’s stock valued at $229,000 after acquiring an additional 250 shares during the last quarter. Everett Harris & Co. CA increased its position in Mastercard by 0.5% in the fourth quarter. Everett Harris & Co. CA now owns 49,539 shares of the credit services provider’s stock worth $21,129,000 after buying an additional 252 shares in the last quarter. Atlantic Union Bankshares Corp increased its position in Mastercard by 23.9% in the fourth quarter. Atlantic Union Bankshares Corp now owns 12,124 shares of the credit services provider’s stock worth $5,171,000 after buying an additional 2,337 shares in the last quarter. Fortune Financial Advisors LLC increased its position in Mastercard by 4.5% in the fourth quarter. Fortune Financial Advisors LLC now owns 7,853 shares of the credit services provider’s stock worth $3,350,000 after buying an additional 339 shares in the last quarter. Finally, Foster Victor Wealth Advisors LLC increased its position in Mastercard by 1.5% in the fourth quarter. Foster Victor Wealth Advisors LLC now owns 42,752 shares of the credit services provider’s stock worth $18,041,000 after buying an additional 612 shares in the last quarter. 97.28% of the stock is owned by institutional investors.

Analysts Set New Price Targets

MA has been the subject of a number of analyst reports. Susquehanna restated a “positive” rating and issued a $535.00 price target on shares of Mastercard in a research report on Wednesday, April 3rd. BMO Capital Markets upped their price target on Mastercard from $480.00 to $490.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. TD Cowen initiated coverage on Mastercard in a research report on Thursday, April 11th. They set a “buy” rating and a $545.00 target price for the company. Oppenheimer reiterated an “outperform” rating and set a $510.00 target price on shares of Mastercard in a research report on Thursday, February 1st. Finally, The Goldman Sachs Group increased their target price on Mastercard from $433.00 to $482.00 and gave the stock a “buy” rating in a research report on Thursday, January 11th. Two equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $490.23.

Insider Transactions at Mastercard

In other news, insider Craig Vosburg sold 13,542 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $460.06, for a total value of $6,230,132.52. Following the sale, the insider now directly owns 46,491 shares in the company, valued at $21,388,649.46. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, insider Craig Vosburg sold 13,542 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $460.06, for a total value of $6,230,132.52. Following the sale, the insider now directly owns 46,491 shares in the company, valued at $21,388,649.46. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Foundation Mastercard sold 200 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $487.25, for a total value of $97,450.00. Following the completion of the sale, the insider now owns 97,543,308 shares in the company, valued at $47,527,976,823. The disclosure for this sale can be found here. Over the last three months, insiders have sold 257,630 shares of company stock worth $118,303,470. 0.13% of the stock is currently owned by company insiders.

Mastercard Trading Up 1.3 %

Shares of NYSE:MA traded up $5.87 during trading on Tuesday, hitting $462.62. The company had a trading volume of 2,027,850 shares, compared to its average volume of 2,400,298. The stock has a market cap of $431.57 billion, a price-to-earnings ratio of 38.63, a price-to-earnings-growth ratio of 1.73 and a beta of 1.08. Mastercard Incorporated has a one year low of $357.85 and a one year high of $490.00. The company has a fifty day simple moving average of $471.66 and a two-hundred day simple moving average of $434.80. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.17 and a quick ratio of 1.17.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.08 by $0.10. The business had revenue of $6.55 billion during the quarter, compared to analyst estimates of $6.46 billion. Mastercard had a return on equity of 191.22% and a net margin of 44.60%. During the same period last year, the company earned $2.65 EPS. As a group, equities analysts forecast that Mastercard Incorporated will post 14.35 earnings per share for the current year.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Tuesday, April 9th will be issued a $0.66 dividend. The ex-dividend date of this dividend is Monday, April 8th. This represents a $2.64 annualized dividend and a dividend yield of 0.57%. Mastercard’s payout ratio is 22.32%.

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.