Hartmann Taylor Wealth Management LLC Acquires New Shares in Mastercard Incorporated (NYSE:MA)

Hartmann Taylor Wealth Management LLC purchased a new stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 887 shares of the credit services provider's stock, valued at approximately $486,000.

A number of other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. grew its position in Mastercard by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 77,179,138 shares of the credit services provider's stock worth $40,640,219,000 after acquiring an additional 377,302 shares in the last quarter. FMR LLC grew its position in Mastercard by 4.3% in the fourth quarter. FMR LLC now owns 22,267,937 shares of the credit services provider's stock worth $11,725,627,000 after acquiring an additional 912,856 shares in the last quarter. Geode Capital Management LLC grew its position in Mastercard by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 18,657,792 shares of the credit services provider's stock worth $9,800,202,000 after acquiring an additional 282,739 shares in the last quarter. Norges Bank bought a new stake in Mastercard in the fourth quarter worth approximately $6,022,224,000. Finally, Wellington Management Group LLP raised its holdings in Mastercard by 9.1% during the fourth quarter. Wellington Management Group LLP now owns 9,760,740 shares of the credit services provider's stock valued at $5,139,713,000 after buying an additional 817,836 shares in the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Mastercard Price Performance

Shares of MA traded up $6.21 on Friday, hitting $552.02. The company's stock had a trading volume of 3,836,616 shares, compared to its average volume of 2,661,414. The company has a market capitalization of $503.28 billion, a PE ratio of 38.71, a PEG ratio of 2.40 and a beta of 1.05. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.11 and a quick ratio of 1.11. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $594.71. The company has a 50 day moving average price of $563.13 and a 200 day moving average price of $545.44.

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

Mastercard Announces Dividend

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

Insiders Place Their Bets

In other Mastercard news, insider Craig Vosburg sold 14,051 shares of the company's stock in a transaction on 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 completion of the sale, the insider now owns 58,451 shares in the company, valued at approximately $34,196,757.55. The trade was a 19.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Sandra A. Arkell sold 150 shares of the company's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $580.00, for a total transaction of $87,000.00. Following the sale, the insider now owns 3,255 shares of the company's stock, valued at $1,887,900. The trade was a 4.41% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 36,383 shares of company stock valued at $19,035,108. 0.09% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on MA shares. Wolfe Research set a $655.00 target price on Mastercard in a report on Monday, June 23rd. KeyCorp raised their target price on Mastercard from $630.00 to $635.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Jefferies Financial Group restated a "buy" rating on shares of Mastercard in a report on Friday, June 6th. Monness Crespi & Hardt lowered Mastercard from a "buy" rating to a "neutral" rating in a report on Wednesday, April 9th. Finally, Evercore ISI started coverage on Mastercard in a report on Wednesday, April 9th. They set an "in-line" rating and a $550.00 target price on the stock. Seven equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $611.50.

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.