Global Assets Advisory LLC Has $434,000 Holdings in Mastercard Incorporated (NYSE:MA)

Global Assets Advisory LLC decreased its position in Mastercard Incorporated (NYSE:MA) by 54.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 831 shares of the credit services provider’s stock after selling 1,012 shares during the quarter. Global Assets Advisory LLC’s holdings in Mastercard were worth $434,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Regent Peak Wealth Advisors LLC boosted its stake in shares of Mastercard by 2.3% during the 4th quarter. Regent Peak Wealth Advisors LLC now owns 1,796 shares of the credit services provider’s stock worth $946,000 after buying an additional 41 shares during the last quarter. Watts Gwilliam & Co. LLC increased its position in shares of Mastercard by 36.6% during the 4th quarter. Watts Gwilliam & Co. LLC now owns 750 shares of the credit services provider’s stock worth $383,000 after purchasing an additional 201 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Mastercard by 33.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 404,236 shares of the credit services provider’s stock worth $199,613,000 after purchasing an additional 101,347 shares in the last quarter. Hilltop National Bank boosted its holdings in shares of Mastercard by 4.0% in the 4th quarter. Hilltop National Bank now owns 2,978 shares of the credit services provider’s stock valued at $1,568,000 after buying an additional 115 shares during the last quarter. Finally, ORG Wealth Partners LLC grew its stake in shares of Mastercard by 8.3% in the fourth quarter. ORG Wealth Partners LLC now owns 1,520 shares of the credit services provider’s stock valued at $801,000 after buying an additional 116 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

MA has been the subject of a number of recent analyst reports. Seaport Res Ptn cut shares of Mastercard from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Royal Bank of Canada boosted their price target on Mastercard from $572.00 to $650.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Citigroup boosted their target price on Mastercard from $650.00 to $652.00 and gave the stock a “buy” rating in a report on Monday, May 5th. Barclays raised their price target on Mastercard from $595.00 to $650.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Finally, KeyCorp upped their price objective on shares of Mastercard from $630.00 to $635.00 and gave the company an “overweight” rating in a report on Friday, May 2nd. Six research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Mastercard currently has a consensus rating of “Moderate Buy” and an average price target of $606.25.

Mastercard Price Performance

Shares of MA stock opened at $568.38 on Friday. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $582.23. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68. The business has a fifty day simple moving average of $532.17 and a 200 day simple moving average of $533.09. The company has a market cap of $518.20 billion, a P/E ratio of 40.92, a P/E/G ratio of 2.37 and a beta of 1.06.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, beating analysts’ consensus estimates of $3.57 by $0.16. The company had revenue of $7.25 billion for the quarter, compared to the consensus estimate of $7.12 billion. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The firm’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same period last year, the company posted $3.31 EPS. On average, sell-side analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Wednesday, April 9th were paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend was Wednesday, April 9th. Mastercard’s payout ratio is 21.32%.

Insider Activity at Mastercard

In other Mastercard news, CEO Michael Miebach sold 15,775 shares of the business’s stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $550.16, for a total transaction of $8,678,774.00. Following the sale, the chief executive officer now directly owns 84,871 shares of the company’s stock, valued at $46,692,629.36. The trade was a 15.67 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the firm’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the transaction, the insider now directly owns 34,524 shares of the company’s stock, valued at $18,459,292.32. The trade was a 17.12 % decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by company insiders.

Mastercard 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.