Wick Capital Partners LLC Purchases New Shares in Mastercard Incorporated (NYSE:MA)

Wick Capital Partners LLC purchased a new stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 3,141 shares of the credit services provider's stock, valued at approximately $1,654,000.

Other institutional investors have also recently bought and sold shares of the company. NewSquare Capital LLC bought a new position in Mastercard in the 4th quarter worth approximately $26,000. Halbert Hargrove Global Advisors LLC bought a new stake in shares of Mastercard during the fourth quarter worth $32,000. Marshall Investment Management LLC acquired a new position in shares of Mastercard during the fourth quarter valued at $30,000. Navigoe LLC acquired a new position in shares of Mastercard during the fourth quarter valued at $33,000. Finally, Truvestments Capital LLC boosted its holdings in Mastercard by 62.5% in the fourth quarter. Truvestments Capital LLC now owns 65 shares of the credit services provider's stock valued at $34,000 after acquiring an additional 25 shares during the last quarter. Institutional investors own 97.28% of the company's stock.

Mastercard Stock Up 2.3 %

MA traded up $12.55 on Friday, hitting $559.18. 2,632,574 shares of the company were exchanged, compared to its average volume of 2,614,807. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. The stock's fifty day moving average is $532.33 and its 200-day moving average is $531.37. The company has a market cap of $509.81 billion, a PE ratio of 40.26, a PEG ratio of 2.37 and a beta of 1.06. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $582.23.

Mastercard (NYSE:MA - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.57 by $0.16. The company had revenue of $7.25 billion for the quarter, compared to analysts' expectations of $7.12 billion. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. The business's revenue was up 14.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.31 EPS. Equities research analysts predict that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 9th will be paid a dividend of $0.76 per share. The ex-dividend date is Wednesday, April 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.54%. Mastercard's dividend payout ratio is presently 21.89%.

Analysts Set New Price Targets

A number of research firms have issued reports on MA. William Blair restated an "outperform" rating on shares of Mastercard in a research report on Friday, January 31st. Monness Crespi & Hardt cut shares of Mastercard from a "buy" rating to a "neutral" rating in a research note on Wednesday, April 9th. Barclays increased their price target on Mastercard from $595.00 to $650.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Royal Bank of Canada lifted their price objective on Mastercard from $572.00 to $650.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. Finally, DZ Bank raised Mastercard from a "hold" rating to a "buy" rating and set a $620.00 target price on the stock in a research note on Tuesday, February 4th. Six research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $606.18.

Insider Activity

In other Mastercard news, CEO Michael Miebach sold 15,775 shares of the company's stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $550.16, for a total value of $8,678,774.00. Following the transaction, the chief executive officer now directly owns 84,871 shares in the company, valued at $46,692,629.36. The trade was a 15.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the firm's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the sale, the insider now owns 34,524 shares of the company's stock, valued at approximately $18,459,292.32. This represents a 17.12 % decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is owned by insiders.

About Mastercard

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.