3,141 Shares in Mastercard Incorporated (NYSE:MA) Purchased by Wick Capital Partners LLC

Wick Capital Partners LLC bought a new stake in shares of Mastercard Incorporated (NYSE:MA) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 3,141 shares of the credit services provider’s stock, valued at approximately $1,654,000.

Other hedge funds have also recently added to or reduced their stakes in the company. NewSquare Capital LLC acquired a new stake in shares of Mastercard during the 4th quarter worth about $26,000. Marshall Investment Management LLC purchased a new position in shares of Mastercard during the fourth quarter valued at approximately $30,000. Halbert Hargrove Global Advisors LLC purchased a new stake in Mastercard in the 4th quarter worth approximately $32,000. Navigoe LLC acquired a new position in Mastercard in the 4th quarter valued at $33,000. Finally, Truvestments Capital LLC lifted its stake in shares of Mastercard by 62.5% during the 4th quarter. Truvestments Capital LLC now owns 65 shares of the credit services provider’s stock worth $34,000 after purchasing an additional 25 shares during the period. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MA has been the topic of several recent analyst reports. Seaport Res Ptn downgraded Mastercard from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Tigress Financial reiterated a “strong-buy” rating on shares of Mastercard in a report on Monday, March 10th. JPMorgan Chase & Co. boosted their target price on shares of Mastercard from $590.00 to $610.00 and gave the company an “overweight” rating in a report on Friday, January 31st. KeyCorp increased their price target on shares of Mastercard from $600.00 to $630.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Finally, Citigroup upped their price objective on Mastercard from $584.00 to $650.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Six equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Mastercard presently has an average rating of “Moderate Buy” and a consensus target price of $607.96.

Mastercard Stock Performance

Shares of MA stock opened at $539.71 on Wednesday. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market capitalization of $492.06 billion, a price-to-earnings ratio of 38.86, a PEG ratio of 2.37 and a beta of 1.06. Mastercard Incorporated has a one year low of $428.86 and a one year high of $582.23. The company’s 50-day simple moving average is $532.87 and its 200-day simple moving average is $530.62.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, January 30th. The credit services provider reported $3.82 earnings per share for the quarter, beating analysts’ consensus estimates of $3.71 by $0.11. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. Equities analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 9th will be issued a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend is Wednesday, April 9th. Mastercard’s dividend payout ratio (DPR) is presently 21.89%.

Insider Activity at Mastercard

In other Mastercard news, insider Edward Grunde Mclaughlin sold 7,132 shares of the stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total value of $3,813,337.76. Following the sale, the insider now directly owns 34,524 shares of the company’s stock, valued at $18,459,292.32. This trade represents a 17.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael Miebach sold 15,775 shares of the business’s stock in a transaction 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 transaction, the chief executive officer now directly owns 84,871 shares of the company’s stock, valued at approximately $46,692,629.36. This trade represents a 15.67 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

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.