Moser Wealth Advisors LLC Sells 95 Shares of Mastercard Incorporated $MA

Moser Wealth Advisors LLC decreased its position in Mastercard Incorporated (NYSE:MA) by 0.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,959 shares of the credit services provider’s stock after selling 95 shares during the quarter. Mastercard comprises approximately 3.8% of Moser Wealth Advisors LLC’s investment portfolio, making the stock its 7th biggest position. Moser Wealth Advisors LLC’s holdings in Mastercard were worth $7,844,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. Warburton Capital Management LLC boosted its stake in shares of Mastercard by 14.7% in the second quarter. Warburton Capital Management LLC now owns 429 shares of the credit services provider’s stock valued at $241,000 after buying an additional 55 shares during the period. FSM Wealth Advisors LLC boosted its stake in shares of Mastercard by 2.2% in the second quarter. FSM Wealth Advisors LLC now owns 1,705 shares of the credit services provider’s stock valued at $964,000 after buying an additional 36 shares during the period. KPP Advisory Services LLC boosted its stake in shares of Mastercard by 6.6% in the second quarter. KPP Advisory Services LLC now owns 485 shares of the credit services provider’s stock valued at $273,000 after buying an additional 30 shares during the period. First Citizens Bank & Trust Co. boosted its stake in shares of Mastercard by 22.8% in the second quarter. First Citizens Bank & Trust Co. now owns 35,925 shares of the credit services provider’s stock valued at $20,188,000 after buying an additional 6,669 shares during the period. Finally, Roman Butler Fullerton & Co. boosted its stake in shares of Mastercard by 7.7% in the second quarter. Roman Butler Fullerton & Co. now owns 15,591 shares of the credit services provider’s stock valued at $8,859,000 after buying an additional 1,116 shares during the period. 97.28% of the stock is currently owned by institutional investors.

Mastercard Stock Up 0.4%

Shares of MA opened at $573.59 on Friday. The stock has a market capitalization of $518.53 billion, a price-to-earnings ratio of 38.68, a PEG ratio of 2.34 and a beta of 0.97. Mastercard Incorporated has a 52 week low of $465.59 and a 52 week high of $601.77. The stock has a fifty day moving average of $579.67 and a 200-day moving average of $564.74. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, beating analysts’ consensus estimates of $4.05 by $0.10. The business had revenue of $8.13 billion during the quarter, compared to the consensus estimate of $7.95 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.Mastercard’s quarterly revenue was up 16.8% on a year-over-year basis. During the same period in the prior year, the business posted $3.50 earnings per share. As a group, sell-side analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Thursday, October 9th will be issued a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Thursday, October 9th. Mastercard’s dividend payout ratio is presently 20.50%.

Insiders Place Their Bets

In related news, CFO J. Mehra Sachin sold 17,263 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $591.00, for a total value of $10,202,433.00. Following the completion of the sale, the chief financial officer directly owned 31,234 shares in the company, valued at $18,459,294. This represents a 35.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.09% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on MA shares. The Goldman Sachs Group reiterated a “buy” rating on shares of Mastercard in a research note on Friday, August 1st. Seaport Res Ptn upgraded Mastercard from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 14th. Morgan Stanley upped their target price on Mastercard from $639.00 to $661.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Weiss Ratings restated a “buy (b)” rating on shares of Mastercard in a research note on Wednesday, October 8th. Finally, TD Cowen restated a “buy” rating and set a $645.00 target price on shares of Mastercard in a research note on Monday, August 11th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $638.00.

About Mastercard

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.