447 Shares in Mastercard Incorporated (NYSE:MA) Bought by Wealth Advisory Solutions LLC

Wealth Advisory Solutions LLC purchased a new position in Mastercard Incorporated (NYSE:MA - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 447 shares of the credit services provider's stock, valued at approximately $245,000.

Other large investors have also recently made changes to their positions in the company. Measured Risk Portfolios Inc. bought a new stake in Mastercard during the fourth quarter valued at approximately $31,000. Navigoe LLC bought a new stake in Mastercard during the fourth quarter valued at approximately $33,000. 10Elms LLP bought a new stake in Mastercard during the fourth quarter valued at approximately $33,000. Truvestments Capital LLC grew its position in Mastercard by 62.5% during the fourth quarter. Truvestments Capital LLC now owns 65 shares of the credit services provider's stock valued at $34,000 after buying an additional 25 shares during the period. Finally, Mpwm Advisory Solutions LLC bought a new stake in Mastercard during the fourth quarter valued at approximately $36,000. 97.28% of the stock is currently owned by institutional investors.

Mastercard Stock Up 0.3%

Mastercard stock traded up $1.92 during mid-day trading on Wednesday, reaching $564.36. 2,453,888 shares of the company were exchanged, compared to its average volume of 2,674,082. The company has a debt-to-equity ratio of 2.81, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a market cap of $514.53 billion, a P/E ratio of 39.58, a PEG ratio of 2.46 and a beta of 1.02. The business has a fifty day moving average of $567.91 and a 200 day moving average of $547.21. Mastercard Incorporated has a 12-month low of $428.86 and a 12-month high of $594.71.

Mastercard (NYSE:MA - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.57 by $0.16. The firm 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 company's quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.31 EPS. Research analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Wednesday, July 9th will be paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend is Wednesday, July 9th. Mastercard's dividend payout ratio (DPR) is presently 21.32%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MA. Macquarie cut their target price 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 price target on shares of Mastercard in a research report on Monday, June 23rd. KeyCorp upped their price target on shares of Mastercard from $630.00 to $635.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Wall Street Zen lowered shares of Mastercard from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th. Finally, Evercore ISI started coverage on Mastercard in a report on Wednesday, April 9th. They set an "in-line" rating and a $550.00 price target for the company. Seven analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, Mastercard presently has an average rating of "Moderate Buy" and a consensus price target of $611.50.

Insider Buying and Selling at Mastercard

In other Mastercard news, insider Linda Pistecchia Kirkpatrick sold 958 shares of Mastercard stock in a transaction that occurred on Monday, June 30th. The shares were 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 in the company, valued at approximately $13,229,440. The trade was a 3.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, 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 transaction of $178,049.04. Following the sale, the director 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. In 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 insiders.

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.