AJ Advisors LLC Buys 54 Shares of Mastercard Incorporated (NYSE:MA)

AJ Advisors LLC grew its stake in Mastercard Incorporated (NYSE:MA) by 10.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 570 shares of the credit services provider’s stock after buying an additional 54 shares during the quarter. Mastercard makes up 0.2% of AJ Advisors LLC’s portfolio, making the stock its 28th biggest holding. AJ Advisors LLC’s holdings in Mastercard were worth $312,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. FMR LLC boosted its holdings in Mastercard by 4.3% during the 4th quarter. FMR LLC now owns 22,267,937 shares of the credit services provider’s stock valued at $11,725,627,000 after acquiring an additional 912,856 shares during the period. Geode Capital Management LLC grew its stake in Mastercard by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 18,657,792 shares of the credit services provider’s stock valued at $9,800,202,000 after purchasing an additional 282,739 shares during the last quarter. Norges Bank purchased a new stake in Mastercard during the fourth quarter valued at approximately $6,022,224,000. Wellington Management Group LLP increased its position in Mastercard by 9.1% during the 4th quarter. Wellington Management Group LLP now owns 9,760,740 shares of the credit services provider’s stock valued at $5,139,713,000 after buying an additional 817,836 shares in the last quarter. Finally, Northern Trust Corp grew its position in Mastercard by 15.2% during the 4th quarter. Northern Trust Corp now owns 9,149,181 shares of the credit services provider’s stock worth $4,817,684,000 after purchasing an additional 1,207,787 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.

Insider Transactions at Mastercard

In other news, insider Craig Vosburg sold 9,428 shares of the stock in a transaction on Friday, June 20th. The stock was sold at an average price of $353.05, for a total transaction of $3,328,555.40. Following the sale, the insider directly owned 58,451 shares of the company’s stock, valued at approximately $20,636,125.55. This represents a 13.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Raj Seshadri sold 1,100 shares of the business’s stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $546.77, for a total value of $601,447.00. Following the completion of the transaction, the insider directly owned 12,921 shares of the company’s stock, valued at approximately $7,064,815.17. This trade represents a 7.85% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 38,753 shares of company stock valued at $20,351,084. 0.09% of the stock is currently owned by company insiders.

Mastercard Stock Up 0.6%

MA stock opened at $561.91 on Thursday. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $594.71. The company has a market cap of $512.30 billion, a price-to-earnings ratio of 39.40, a P/E/G ratio of 2.42 and a beta of 1.02. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.81. The business has a 50 day moving average price of $566.26 and a two-hundred day moving average price of $549.16.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, topping analysts’ consensus estimates of $3.57 by $0.16. Mastercard had a return on equity of 196.87% and a net margin of 45.21%. The business had revenue of $7.25 billion during the quarter, compared to analysts’ expectations of $7.12 billion. During the same quarter last year, the company posted $3.31 earnings per share. Mastercard’s quarterly revenue was up 14.2% on a year-over-year basis. Analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Wednesday, July 9th will be paid 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 dividend yield of 0.54%. Mastercard’s dividend payout ratio (DPR) is currently 21.32%.

Wall Street Analyst Weigh In

MA has been the topic of several recent research reports. Monness Crespi & Hardt downgraded shares of Mastercard from a “buy” rating to a “neutral” rating in a report on Wednesday, April 9th. Seaport Res Ptn raised shares of Mastercard from a “hold” rating to a “strong-buy” rating in a report on Monday, July 14th. Royal Bank Of Canada restated an “outperform” rating and issued a $650.00 target price on shares of Mastercard in a report on Tuesday, July 15th. Evercore ISI assumed coverage on Mastercard in a research report on Wednesday, April 9th. They issued an “in-line” rating and a $550.00 price objective for the company. Finally, Wall Street Zen upgraded shares of Mastercard from a “hold” rating to a “buy” rating in a report on Friday, July 18th. Five equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, Mastercard has a consensus rating of “Moderate Buy” and a consensus price target of $612.90.

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.