RWA Wealth Partners LLC Sells 860 Shares of Mastercard Incorporated $MA

Key Points

• RWA Wealth Partners LLC reduced its stake in Mastercard by 5.7% during the first quarter, holding 14,300 shares valued at approximately $7.84 million by the quarter's end.
• Mastercard reported strong earnings for the latest quarter, with an EPS of $4.15, exceeding analysts' estimates, alongside a revenue increase of 16.8% year-over-year.
• The company recently announced a quarterly dividend of $0.76, representing a 0.5% yield and a payout ratio of 20.50%.

RWA Wealth Partners LLC reduced its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 5.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,300 shares of the credit services provider's stock after selling 860 shares during the quarter. RWA Wealth Partners LLC's holdings in Mastercard were worth $7,838,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Keystone Global Partners LLC acquired a new position in Mastercard during the first quarter worth $31,000. Measured Risk Portfolios Inc. acquired a new stake in shares of Mastercard in the fourth quarter valued at $31,000. 10Elms LLP acquired a new stake in shares of Mastercard in the fourth quarter valued at $33,000. Hughes Financial Services LLC acquired a new stake in shares of Mastercard in the first quarter valued at $34,000. Finally, Navigoe LLC acquired a new stake in shares of Mastercard in the fourth quarter valued at $33,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Mastercard news, insider Craig Vosburg sold 14,051 shares of the firm's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $585.05, for a total transaction of $8,220,537.55. Following the transaction, the insider owned 58,451 shares in the company, valued at approximately $34,196,757.55. This trade represents a 19.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Julius Genachowski sold 312 shares of the firm's stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $570.67, for a total value of $178,049.04. Following the transaction, the director owned 8,469 shares in the company, valued at approximately $4,833,004.23. This trade represents a 3.55% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 56,269 shares of company stock valued at $30,634,699. Insiders own 0.09% of the company's stock.

Mastercard Trading Up 1.1%

MA stock traded up $6.2280 during midday trading on Friday, reaching $598.1480. The stock had a trading volume of 2,388,839 shares, compared to its average volume of 2,623,511. The business has a fifty day simple moving average of $564.03 and a two-hundred day simple moving average of $555.73. 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 cap of $540.73 billion, a price-to-earnings ratio of 40.33, a PEG ratio of 2.43 and a beta of 1.03. Mastercard Incorporated has a twelve month low of $461.90 and a twelve month high of $601.77.

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

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th were issued a dividend of $0.76 per share. The ex-dividend date was Wednesday, July 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.5%. Mastercard's dividend payout ratio (DPR) is 20.50%.

Analyst Ratings Changes

A number of analysts have recently weighed in on MA shares. Deutsche Bank Aktiengesellschaft started coverage on Mastercard in a research note on Thursday, July 17th. They issued a "buy" rating and a $650.00 target price for the company. Seaport Res Ptn upgraded Mastercard from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 14th. UBS Group raised their target price on Mastercard from $660.00 to $670.00 and gave the company a "buy" rating in a research note on Tuesday, June 3rd. Macquarie lowered their target price on Mastercard from $645.00 to $610.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Finally, Wall Street Zen upgraded Mastercard from a "hold" rating to a "buy" rating in a research note on Friday, July 18th. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $617.93.

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.