Western Wealth Management LLC Purchases 130 Shares of Mastercard Incorporated (NYSE:MA)

Western Wealth Management LLC raised its position in Mastercard Incorporated (NYSE:MA) by 1.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 10,233 shares of the credit services provider’s stock after buying an additional 130 shares during the period. Western Wealth Management LLC’s holdings in Mastercard were worth $4,364,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Activest Wealth Management boosted its position in shares of Mastercard by 87.4% in the 4th quarter. Activest Wealth Management now owns 536 shares of the credit services provider’s stock worth $229,000 after purchasing an additional 250 shares during the last quarter. Everett Harris & Co. CA boosted its position in shares of Mastercard by 0.5% in the 4th quarter. Everett Harris & Co. CA now owns 49,539 shares of the credit services provider’s stock worth $21,129,000 after purchasing an additional 252 shares during the last quarter. Atlantic Union Bankshares Corp boosted its position in shares of Mastercard by 23.9% in the 4th quarter. Atlantic Union Bankshares Corp now owns 12,124 shares of the credit services provider’s stock worth $5,171,000 after purchasing an additional 2,337 shares during the last quarter. Fortune Financial Advisors LLC boosted its position in shares of Mastercard by 4.5% in the 4th quarter. Fortune Financial Advisors LLC now owns 7,853 shares of the credit services provider’s stock worth $3,350,000 after purchasing an additional 339 shares during the last quarter. Finally, Foster Victor Wealth Advisors LLC boosted its position in shares of Mastercard by 1.5% in the 4th quarter. Foster Victor Wealth Advisors LLC now owns 42,752 shares of the credit services provider’s stock worth $18,041,000 after purchasing an additional 612 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors.

Mastercard Trading Down 1.3 %

NYSE MA traded down $5.77 on Thursday, reaching $454.39. The company had a trading volume of 1,996,339 shares, compared to its average volume of 2,406,496. The firm has a market cap of $423.90 billion, a price-to-earnings ratio of 38.89, a P/E/G ratio of 1.74 and a beta of 1.08. Mastercard Incorporated has a fifty-two week low of $357.85 and a fifty-two week high of $490.00. The business has a 50 day moving average of $471.83 and a two-hundred day moving average of $433.21. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.17 and a quick ratio of 1.17.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Wednesday, January 31st. The credit services provider reported $3.18 EPS for the quarter, beating analysts’ consensus estimates of $3.08 by $0.10. The business had revenue of $6.55 billion for the quarter, compared to analysts’ expectations of $6.46 billion. Mastercard had a net margin of 44.60% and a return on equity of 191.22%. During the same quarter in the prior year, the firm posted $2.65 earnings per share. Analysts forecast that Mastercard Incorporated will post 14.36 EPS for the current year.

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Tuesday, April 9th will be given a dividend of $0.66 per share. The ex-dividend date is Monday, April 8th. This represents a $2.64 dividend on an annualized basis and a yield of 0.58%. Mastercard’s dividend payout ratio (DPR) is currently 22.32%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Robert W. Baird raised their price target on Mastercard from $525.00 to $545.00 and gave the stock an “outperform” rating in a research report on Thursday. Raymond James lifted their target price on Mastercard from $452.00 to $504.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Wells Fargo & Company lifted their target price on Mastercard from $490.00 to $530.00 and gave the stock an “overweight” rating in a report on Wednesday, March 6th. William Blair reiterated an “outperform” rating on shares of Mastercard in a report on Wednesday, January 31st. Finally, BMO Capital Markets lifted their target price on Mastercard from $480.00 to $490.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Two investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $490.23.

Insider Buying and Selling at Mastercard

In other news, insider Ajay Bhalla sold 4,000 shares of the stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $435.00, for a total transaction of $1,740,000.00. Following the transaction, the insider now owns 6,235 shares of the company’s stock, valued at approximately $2,712,225. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, major shareholder Foundation Mastercard sold 200 shares of the firm’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $487.25, for a total value of $97,450.00. Following the transaction, the insider now owns 97,543,308 shares of the company’s stock, valued at approximately $47,527,976,823. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Ajay Bhalla sold 4,000 shares of the firm’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $435.00, for a total transaction of $1,740,000.00. Following the completion of the transaction, the insider now directly owns 6,235 shares in the company, valued at approximately $2,712,225. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 41,728 shares of company stock valued at $19,479,753. 0.13% 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.