ERTS Wealth Advisors LLC lowered its holdings in Mastercard Inc (NYSE:MA) by 1.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,448 shares of the credit services provider’s stock after selling 59 shares during the period. Mastercard makes up 0.4% of ERTS Wealth Advisors LLC’s portfolio, making the stock its 23rd biggest position. ERTS Wealth Advisors LLC’s holdings in Mastercard were worth $1,030,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. John W. Brooker & Co. CPAs bought a new position in shares of Mastercard during the 4th quarter worth approximately $38,000. Samalin Investment Counsel LLC bought a new position in shares of Mastercard during the fourth quarter valued at approximately $41,000. Lloyd Advisory Services LLC. bought a new position in shares of Mastercard during the fourth quarter valued at approximately $48,000. First Command Bank grew its stake in shares of Mastercard by 96.3% during the fourth quarter. First Command Bank now owns 161 shares of the credit services provider’s stock valued at $48,000 after buying an additional 79 shares during the last quarter. Finally, Wealthcare Capital Management LLC grew its stake in shares of Mastercard by 66.3% during the fourth quarter. Wealthcare Capital Management LLC now owns 168 shares of the credit services provider’s stock valued at $50,000 after buying an additional 67 shares during the last quarter. 75.61% of the stock is owned by institutional investors.
In other Mastercard news, Director Lance Darrell Gordon Uggla bought 1,000 shares of the company’s stock in a transaction dated Wednesday, March 11th. The shares were purchased at an average cost of $265.00 per share, for a total transaction of $265,000.00. Following the transaction, the director now directly owns 5,691 shares of the company’s stock, valued at $1,508,115. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CMO Venkata R. Madabhushi sold 954 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $335.00, for a total value of $319,590.00. Following the sale, the chief marketing officer now owns 13,093 shares in the company, valued at $4,386,155. The disclosure for this sale can be found here. Insiders have sold a total of 425,819 shares of company stock worth $135,948,244 over the last 90 days. Insiders own 3.70% of the company’s stock.
Shares of NYSE MA traded up $1.25 during mid-day trading on Thursday, hitting $257.74. The stock had a trading volume of 5,231,329 shares, compared to its average volume of 10,147,128. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.42 and a current ratio of 1.42. The company has a 50 day moving average of $294.04 and a two-hundred day moving average of $290.15. Mastercard Inc has a twelve month low of $199.99 and a twelve month high of $347.25. The firm has a market cap of $238.28 billion, a PE ratio of 32.46, a PEG ratio of 1.79 and a beta of 1.00.
Mastercard (NYSE:MA) last announced its quarterly earnings results on Wednesday, January 29th. The credit services provider reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.87 by $0.09. The company had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.40 billion. Mastercard had a return on equity of 150.46% and a net margin of 48.08%. The firm’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period last year, the firm earned $1.55 EPS. Equities research analysts predict that Mastercard Inc will post 8.74 EPS for the current fiscal year.
Mastercard announced that its board has approved a share buyback plan on Tuesday, December 3rd that allows the company to buyback $8.00 billion in outstanding shares. This buyback authorization allows the credit services provider to purchase up to 2.7% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its shares are undervalued.
The business also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Thursday, April 9th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.62%. The ex-dividend date is Wednesday, April 8th. Mastercard’s dividend payout ratio is currently 20.59%.
A number of analysts have weighed in on MA shares. Raymond James upped their target price on Mastercard from $325.00 to $347.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Nomura restated a “buy” rating and set a $368.00 target price on shares of Mastercard in a report on Monday, March 9th. UBS Group upped their target price on Mastercard from $360.00 to $370.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Morgan Stanley lowered their target price on Mastercard from $294.00 to $266.00 and set an “overweight” rating for the company in a report on Monday. Finally, Robert W. Baird lowered their target price on Mastercard from $348.00 to $314.00 and set an “outperform” rating for the company in a report on Wednesday, March 11th. Three investment analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. Mastercard presently has a consensus rating of “Buy” and an average price target of $322.00.
Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.
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