Kingsman Wealth Management Inc. Has $2.66 Million Holdings in Mastercard Incorporated $MA

Kingsman Wealth Management Inc. grew its stake in Mastercard Incorporated (NYSE:MA) by 1.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,730 shares of the credit services provider’s stock after purchasing an additional 57 shares during the period. Mastercard comprises about 1.7% of Kingsman Wealth Management Inc.’s investment portfolio, making the stock its 16th biggest position. Kingsman Wealth Management Inc.’s holdings in Mastercard were worth $2,658,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in MA. Family Legacy Financial Solutions LLC acquired a new position in Mastercard in the 2nd quarter valued at approximately $26,000. Flaharty Asset Management LLC acquired a new stake in shares of Mastercard during the 1st quarter worth approximately $27,000. Keystone Global Partners LLC bought a new stake in shares of Mastercard during the first quarter valued at approximately $31,000. Hughes Financial Services LLC bought a new stake in shares of Mastercard during the first quarter valued at approximately $34,000. Finally, 1 North Wealth Services LLC acquired a new position in shares of Mastercard in the first quarter valued at $44,000. Institutional investors own 97.28% of the company’s stock.

Mastercard Trading Down 0.3%

Shares of Mastercard stock opened at $567.36 on Friday. Mastercard Incorporated has a 12-month low of $465.59 and a 12-month high of $601.77. The stock has a market capitalization of $512.90 billion, a P/E ratio of 38.26, a price-to-earnings-growth ratio of 2.33 and a beta of 0.99. The company has a 50-day simple moving average of $578.74 and a 200 day simple moving average of $559.77. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, topping the consensus estimate of $4.05 by $0.10. The firm had revenue of $8.13 billion for the quarter, compared to analysts’ expectations of $7.95 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The company’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.50 earnings per share. Research analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Thursday, October 9th will be issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Thursday, October 9th. Mastercard’s dividend payout ratio (DPR) is currently 20.50%.

Analyst Ratings Changes

A number of research firms have weighed in on MA. KeyCorp lifted their price target on shares of Mastercard from $635.00 to $660.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Morgan Stanley raised their price objective on shares of Mastercard from $639.00 to $661.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Jefferies Financial Group reiterated a “buy” rating on shares of Mastercard in a research report on Friday, June 6th. UBS Group upped their target price on shares of Mastercard from $660.00 to $670.00 and gave the company a “buy” rating in a research note on Tuesday, June 3rd. Finally, Seaport Res Ptn upgraded shares of Mastercard from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $630.89.

Insider Buying and Selling at Mastercard

In other Mastercard news, Director Julius Genachowski sold 312 shares of the business’s stock in a transaction on Monday, July 7th. The stock was sold at an average price of $570.67, for a total value of $178,049.04. Following the transaction, the director owned 8,469 shares of the company’s stock, valued at approximately $4,833,004.23. The trade was a 3.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Linda Pistecchia Kirkpatrick sold 958 shares of the firm’s stock in a transaction on Monday, June 30th. The shares were sold at an average price of $560.00, for a total value of $536,480.00. Following the completion of the sale, the insider owned 23,624 shares of the company’s stock, valued at approximately $13,229,440. This trade represents a 3.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 36,349 shares of company stock worth $21,372,994. 0.09% of the stock is currently owned by insiders.

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.