Wheelhouse Advisory Group LLC acquired a new stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,280 shares of the credit services provider's stock, valued at approximately $702,000. Mastercard comprises approximately 0.4% of Wheelhouse Advisory Group LLC's holdings, making the stock its 22nd biggest holding.
Other large investors have also recently made changes to their positions in the company. Brighton Jones LLC grew its stake in Mastercard by 42.3% during the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider's stock valued at $3,594,000 after purchasing an additional 2,028 shares during the last quarter. Bank Pictet & Cie Europe AG raised its holdings in shares of Mastercard by 11.8% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 70,472 shares of the credit services provider's stock worth $37,108,000 after purchasing an additional 7,452 shares during the last quarter. Proficio Capital Partners LLC raised its holdings in shares of Mastercard by 51.6% during the fourth quarter. Proficio Capital Partners LLC now owns 2,954 shares of the credit services provider's stock worth $1,555,000 after purchasing an additional 1,006 shares during the last quarter. E Fund Management Co. Ltd. raised its holdings in shares of Mastercard by 53.3% during the fourth quarter. E Fund Management Co. Ltd. now owns 11,980 shares of the credit services provider's stock worth $6,308,000 after purchasing an additional 4,166 shares during the last quarter. Finally, Chatham Capital Group Inc. raised its holdings in shares of Mastercard by 0.4% during the fourth quarter. Chatham Capital Group Inc. now owns 5,840 shares of the credit services provider's stock worth $3,075,000 after purchasing an additional 25 shares during the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.
Mastercard Price Performance
MA traded up $5.01 on Friday, reaching $566.53. 1,528,739 shares of the company's stock were exchanged, compared to its average volume of 2,670,606. The stock has a market cap of $516.51 billion, a PE ratio of 37.87, a P/E/G ratio of 2.47 and a beta of 1.02. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $594.71. The stock's fifty day moving average price is $566.83 and its 200-day moving average price is $546.49. 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 (NYSE:MA - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share 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 analyst estimates of $7.12 billion. Mastercard had a net margin of 45.21% and a return on equity of 196.87%. Mastercard's quarterly revenue was up 14.2% on a year-over-year basis. During the same period in the previous year, the business posted $3.31 earnings per share. Sell-side analysts expect that Mastercard Incorporated will post 15.91 EPS for the current year.
Mastercard Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Wednesday, July 9th will be given a dividend of $0.76 per share. The ex-dividend date is Wednesday, July 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.54%. Mastercard's payout ratio is presently 21.32%.
Analysts Set New Price Targets
Several research analysts recently issued reports on MA shares. Citigroup raised their target price on shares of Mastercard from $650.00 to $652.00 and gave the stock a "buy" rating in a report on Monday, May 5th. Evercore ISI started coverage on shares of Mastercard in a report on Wednesday, April 9th. They set an "in-line" rating and a $550.00 target price for the company. UBS Group raised their target price on shares of Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a report on Tuesday, June 3rd. KeyCorp raised their target price on shares of Mastercard from $630.00 to $635.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Finally, Wall Street Zen cut shares of Mastercard from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. Seven equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, Mastercard currently has an average rating of "Moderate Buy" and an average target price of $611.50.
Check Out Our Latest Report on Mastercard
Insider Activity
In other Mastercard news, insider Sandra A. Arkell sold 150 shares of the business's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $580.00, for a total value of $87,000.00. Following the transaction, the insider directly owned 3,255 shares in the company, valued at $1,887,900. The trade was a 4.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Craig Vosburg sold 14,051 shares of the business's stock in a transaction dated 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 transaction, the insider owned 58,451 shares in the company, valued at $34,196,757.55. The trade was a 19.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 38,441 shares of company stock valued at $20,173,035 in the last ninety days. 0.09% of the stock is currently owned by corporate insiders.
Mastercard Company Profile
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Free Report)
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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