Inspirion Wealth Advisors LLC Sells 1,027 Shares of Mastercard Incorporated $MA

Key Points

• Inspirion Wealth Advisors LLC has reduced its stake in Mastercard Incorporated by 11.5%, selling 1,027 shares, and now holds 7,908 shares valued at approximately $4.44 million.
• Mastercard's recent earnings report revealed a profit of $4.15 per share, exceeding expectations, with revenues of $8.13 billion, up 16.8% year-over-year.
• The company declared a quarterly dividend of $0.76 per share, scheduled to be paid on November 7th, with an annualized yield of 0.5%.

Inspirion Wealth Advisors LLC lessened its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 11.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,908 shares of the credit services provider's stock after selling 1,027 shares during the quarter. Mastercard comprises 0.6% of Inspirion Wealth Advisors LLC's portfolio, making the stock its 24th biggest holding. Inspirion Wealth Advisors LLC's holdings in Mastercard were worth $4,444,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Accredited Investors Inc. grew its holdings in Mastercard by 2.6% during the 1st quarter. Accredited Investors Inc. now owns 718 shares of the credit services provider's stock valued at $394,000 after buying an additional 18 shares in the last quarter. Wealthstream Advisors Inc. grew its holdings in Mastercard by 2.9% during the 1st quarter. Wealthstream Advisors Inc. now owns 632 shares of the credit services provider's stock valued at $347,000 after buying an additional 18 shares in the last quarter. Phillips Wealth Planners LLC boosted its holdings in shares of Mastercard by 1.8% in the 1st quarter. Phillips Wealth Planners LLC now owns 1,055 shares of the credit services provider's stock worth $538,000 after purchasing an additional 19 shares during the period. Alta Wealth Advisors LLC boosted its holdings in shares of Mastercard by 3.6% in the 1st quarter. Alta Wealth Advisors LLC now owns 540 shares of the credit services provider's stock worth $296,000 after purchasing an additional 19 shares during the period. Finally, May Hill Capital LLC boosted its holdings in shares of Mastercard by 2.0% in the 1st quarter. May Hill Capital LLC now owns 986 shares of the credit services provider's stock worth $540,000 after purchasing an additional 19 shares during the period. Hedge funds and other institutional investors own 97.28% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Mastercard in a report on Thursday, July 17th. They issued a "buy" rating and a $650.00 target price for the company. Truist Financial dropped their target price on Mastercard from $640.00 to $612.00 and set a "buy" rating for the company in a report on Thursday, July 17th. Jefferies Financial Group reiterated a "buy" rating on shares of Mastercard in a report on Friday, June 6th. Wall Street Zen upgraded Mastercard from a "hold" rating to a "buy" rating in a report on Friday, July 18th. Finally, The Goldman Sachs Group reiterated a "buy" rating on shares of Mastercard in a report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $630.89.

Mastercard Trading Down 2.0%

MA traded down $12.24 during trading hours on Thursday, reaching $586.39. 3,294,088 shares of the company's stock traded hands, compared to its average volume of 2,233,542. The firm has a 50-day moving average price of $576.55 and a 200 day moving average price of $558.89. Mastercard Incorporated has a 52-week low of $465.59 and a 52-week high of $601.77. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. The firm has a market capitalization of $530.11 billion, a PE ratio of 39.54, a PEG ratio of 2.45 and a beta of 0.99.

Mastercard (NYSE:MA - Get Free Report) last issued its earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, beating analysts' consensus estimates of $4.05 by $0.10. The business had revenue of $8.13 billion during the quarter, compared to analyst estimates of $7.95 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.Mastercard's revenue was up 16.8% on a year-over-year basis. During the same period in the previous year, the company posted $3.50 EPS. As a group, sell-side analysts predict that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Thursday, October 9th will be given a dividend of $0.76 per share. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.5%. Mastercard's payout ratio is 20.50%.

Insider Buying and Selling at Mastercard

In other Mastercard news, insider Linda Pistecchia Kirkpatrick sold 958 shares of Mastercard stock in a transaction on Monday, June 30th. The stock was sold at an average price of $560.00, for a total transaction of $536,480.00. Following the completion of the sale, the insider directly owned 23,624 shares of the company's stock, valued at $13,229,440. The trade was a 3.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Julius Genachowski sold 312 shares of the business's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $570.67, for a total value of $178,049.04. Following the completion of the transaction, the director directly owned 8,469 shares of the company's stock, valued at approximately $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. Insiders sold a total of 49,094 shares of company stock worth $26,521,861 over the last quarter. Insiders own 0.09% of the company's stock.

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.