Cwm LLC Buys 6,143 Shares of Mastercard Incorporated (NYSE:MA)

CWM LLC boosted its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 9.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 72,174 shares of the credit services provider's stock after acquiring an additional 6,143 shares during the quarter. CWM LLC's holdings in Mastercard were worth $39,560,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MA. BlackDiamond Wealth Management LLC boosted its position in Mastercard by 2.3% during the fourth quarter. BlackDiamond Wealth Management LLC now owns 846 shares of the credit services provider's stock valued at $445,000 after buying an additional 19 shares during the period. Fi3 FINANCIAL ADVISORS LLC boosted its position in Mastercard by 2.6% during the fourth quarter. Fi3 FINANCIAL ADVISORS LLC now owns 736 shares of the credit services provider's stock valued at $388,000 after buying an additional 19 shares during the period. Strategy Asset Managers LLC boosted its position in Mastercard by 2.1% during the fourth quarter. Strategy Asset Managers LLC now owns 911 shares of the credit services provider's stock valued at $480,000 after buying an additional 19 shares during the period. Phillips Wealth Planners LLC boosted its position in Mastercard by 1.8% during the first quarter. Phillips Wealth Planners LLC now owns 1,055 shares of the credit services provider's stock valued at $538,000 after buying an additional 19 shares during the period. Finally, Alta Wealth Advisors LLC boosted its position in Mastercard by 3.6% during the first quarter. Alta Wealth Advisors LLC now owns 540 shares of the credit services provider's stock valued at $296,000 after buying an additional 19 shares during the period. Hedge funds and other institutional investors own 97.28% of the company's stock.

Mastercard Price Performance

Shares of Mastercard stock traded up $4.80 during trading hours on Wednesday, reaching $555.16. The company's stock had a trading volume of 2,424,177 shares, compared to its average volume of 2,667,249. The firm has a 50 day moving average price of $568.07 and a 200-day moving average price of $548.00. Mastercard Incorporated has a one year low of $428.86 and a one year high of $594.71. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.11 and a quick ratio of 1.11. The stock has a market cap of $506.14 billion, a P/E ratio of 38.93, a P/E/G ratio of 2.39 and a beta of 1.02.

Mastercard (NYSE:MA - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, beating the consensus estimate of $3.57 by $0.16. The company had revenue of $7.25 billion for the quarter, compared to the consensus estimate of $7.12 billion. Mastercard had a net margin of 45.21% and a return on equity of 196.87%. The firm's revenue was up 14.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.31 EPS. On average, analysts predict that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Wednesday, July 9th will be issued a dividend of $0.76 per share. The ex-dividend date of this dividend is Wednesday, July 9th. This represents a $3.04 annualized dividend and a yield of 0.55%. Mastercard's payout ratio is 21.32%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Seaport Res Ptn upgraded shares of Mastercard from a "hold" rating to a "strong-buy" rating in a report on Monday. Royal Bank Of Canada reissued an "outperform" rating and set a $650.00 price target on shares of Mastercard in a research report on Tuesday. Macquarie reduced their price target on shares of Mastercard from $645.00 to $610.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Wolfe Research set a $655.00 target price on shares of Mastercard in a report on Monday, June 23rd. Finally, Evercore ISI initiated coverage on shares of Mastercard in a report on Wednesday, April 9th. They issued an "in-line" rating and a $550.00 target price on the stock. Six investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $611.50.

Insider Activity

In related news, insider Craig Vosburg sold 14,051 shares of the company's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $585.05, for a total transaction of $8,220,537.55. Following the transaction, the insider directly owned 58,451 shares in the company, valued at approximately $34,196,757.55. This represents a 19.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Julius Genachowski sold 312 shares of the company's stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $570.67, for a total transaction of $178,049.04. Following the transaction, the director owned 8,469 shares in the company, valued at $4,833,004.23. The trade was a 3.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,753 shares of company stock valued at $20,351,084. 0.09% of the stock is currently owned by company insiders.

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.