U.S. Capital Wealth Advisors LLC Sells 2,070 Shares of Mastercard Incorporated $MA

Key Points

• U.S. Capital Wealth Advisors LLC has reduced its position in Mastercard Incorporated by 12.9%, selling 2,070 shares, resulting in a total of 14,032 shares valued at approximately $7.89 million.
• Insider transactions showed that Julius Genachowski and Linda Pistecchia Kirkpatrick sold a combined total of 1,270 shares, indicating a decrease in their ownership.
• Mastercard reported quarterly earnings with a gross of $8.13 billion and an EPS of $4.15, exceeding analysts' expectations, along with a recently announced dividend of $0.76 per share.

U.S. Capital Wealth Advisors LLC trimmed its position in Mastercard Incorporated (NYSE:MA - Free Report) by 12.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,032 shares of the credit services provider's stock after selling 2,070 shares during the period. U.S. Capital Wealth Advisors LLC's holdings in Mastercard were worth $7,885,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Accredited Investors Inc. lifted its position in Mastercard by 2.6% during the 1st quarter. Accredited Investors Inc. now owns 718 shares of the credit services provider's stock worth $394,000 after buying an additional 18 shares in the last quarter. Wealthstream Advisors Inc. raised its holdings in Mastercard by 2.9% during the first quarter. Wealthstream Advisors Inc. now owns 632 shares of the credit services provider's stock worth $347,000 after acquiring an additional 18 shares in the last quarter. Phillips Wealth Planners LLC raised its holdings 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 worth $538,000 after acquiring an additional 19 shares in the last quarter. Alta Wealth Advisors LLC raised its holdings in Mastercard by 3.6% during the first quarter. Alta Wealth Advisors LLC now owns 540 shares of the credit services provider's stock worth $296,000 after acquiring an additional 19 shares in the last quarter. Finally, May Hill Capital LLC raised its stake in shares of Mastercard by 2.0% during 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 in the last quarter. 97.28% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Julius Genachowski sold 312 shares of Mastercard stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $570.67, for a total value of $178,049.04. Following the transaction, the director directly owned 8,469 shares of the company's stock, valued at $4,833,004.23. This trade represents a 3.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Linda Pistecchia Kirkpatrick sold 958 shares of Mastercard stock in a transaction on Monday, June 30th. The shares were sold at an average price of $560.00, for a total value of $536,480.00. Following the completion of the transaction, the insider owned 23,624 shares in the company, valued at approximately $13,229,440. The trade was a 3.90% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 38,717 shares of company stock valued at $22,684,831. 0.09% of the stock is owned by insiders.

Mastercard Stock Down 0.4%

Shares of NYSE MA opened at $583.88 on Monday. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16. Mastercard Incorporated has a 52 week low of $465.59 and a 52 week high of $601.77. The stock has a market capitalization of $527.83 billion, a P/E ratio of 39.37, a PEG ratio of 2.39 and a beta of 0.99. The stock's fifty day moving average is $577.23 and its 200 day moving average is $559.16.

Mastercard (NYSE:MA - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $8.13 billion for the quarter, compared to analysts' expectations of $7.95 billion. During the same quarter last year, the business earned $3.50 earnings per share. Mastercard's revenue was up 16.8% on a year-over-year basis. Sell-side analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages have recently issued reports on MA. Royal Bank Of Canada upped their price objective on Mastercard from $650.00 to $656.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. Wolfe Research set a $655.00 price target on shares of Mastercard in a research report on Monday, June 23rd. Deutsche Bank Aktiengesellschaft started coverage on shares of Mastercard in a report on Thursday, July 17th. They issued a "buy" rating and a $650.00 target price on the stock. Wall Street Zen raised shares of Mastercard from a "hold" rating to a "buy" rating in a report on Friday, July 18th. Finally, Jefferies Financial Group restated a "buy" rating on shares of Mastercard in a research note on Friday, June 6th. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $630.89.

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.

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