OMNI 360 Wealth Inc. Takes Position in Mastercard Incorporated (NYSE:MA)

OMNI 360 Wealth Inc. purchased a new stake in shares of Mastercard Incorporated (NYSE:MA) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 393 shares of the credit services provider’s stock, valued at approximately $215,000.

Several other large investors have also recently modified their holdings of the business. Vanguard Group Inc. increased its position in shares of Mastercard by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 77,179,138 shares of the credit services provider’s stock worth $40,640,219,000 after buying an additional 377,302 shares during the period. FMR LLC increased its position in shares of Mastercard by 4.3% during the fourth quarter. FMR LLC now owns 22,267,937 shares of the credit services provider’s stock worth $11,725,627,000 after buying an additional 912,856 shares during the period. Geode Capital Management LLC increased its position in shares of Mastercard by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 18,657,792 shares of the credit services provider’s stock worth $9,800,202,000 after buying an additional 282,739 shares during the period. Norges Bank acquired a new stake in shares of Mastercard during the fourth quarter worth $6,022,224,000. Finally, Wellington Management Group LLP increased its position in shares of Mastercard by 9.1% during the fourth quarter. Wellington Management Group LLP now owns 9,760,740 shares of the credit services provider’s stock worth $5,139,713,000 after buying an additional 817,836 shares during the period. Institutional investors own 97.28% of the company’s stock.

Insiders Place Their Bets

In other news, insider Craig Vosburg sold 14,051 shares of the company’s stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $585.05, for a total value of $8,220,537.55. Following the completion of the sale, the insider owned 58,451 shares of the company’s stock, valued at approximately $34,196,757.55. This represents a 19.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Raj Seshadri sold 1,100 shares of the company’s stock in a transaction on Friday, June 27th. The shares were sold at an average price of $546.77, for a total transaction of $601,447.00. Following the completion of the sale, the insider directly owned 12,921 shares of the company’s stock, valued at $7,064,815.17. This trade represents a 7.85% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 38,441 shares of company stock worth $20,173,035. 0.09% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Citigroup raised their price target on shares of Mastercard from $650.00 to $652.00 and gave the stock a “buy” rating in a report on Monday, May 5th. Wall Street Zen cut shares of Mastercard from a “buy” rating to a “hold” rating in a report on Saturday, June 14th. Evercore ISI assumed coverage on shares of Mastercard in a report on Wednesday, April 9th. They issued an “in-line” rating and a $550.00 price target for the company. UBS Group lifted their price objective on shares of Mastercard from $660.00 to $670.00 and gave the company a “buy” rating in a report on Tuesday, June 3rd. Finally, Monness Crespi & Hardt cut shares of Mastercard from a “buy” rating to a “neutral” rating in a report on Wednesday, April 9th. Seven equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $611.50.

Mastercard Stock Performance

Mastercard stock opened at $564.62 on Tuesday. The firm’s 50 day simple moving average is $567.45 and its 200 day simple moving average is $547.10. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.81. The firm has a market capitalization of $514.77 billion, a PE ratio of 39.59, a price-to-earnings-growth ratio of 2.47 and a beta of 1.02. Mastercard Incorporated has a 1-year low of $428.86 and a 1-year high of $594.71.

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

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th will be paid a $0.76 dividend. The ex-dividend date is Wednesday, July 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.54%. Mastercard’s dividend payout ratio is presently 21.32%.

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.