Wealthcare Advisory Partners LLC Has $3.86 Million Position in Mastercard Incorporated $MA

Wealthcare Advisory Partners LLC boosted its position in Mastercard Incorporated (NYSE:MA) by 0.8% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 6,872 shares of the credit services provider’s stock after purchasing an additional 53 shares during the period. Wealthcare Advisory Partners LLC’s holdings in Mastercard were worth $3,862,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MA. Accredited Investors Inc. increased its stake in shares of Mastercard by 2.6% during the first quarter. Accredited Investors Inc. now owns 718 shares of the credit services provider’s stock worth $394,000 after purchasing an additional 18 shares during the period. Wealthstream Advisors Inc. increased its position in Mastercard by 2.9% during the 1st quarter. Wealthstream Advisors Inc. now owns 632 shares of the credit services provider’s stock worth $347,000 after buying an additional 18 shares during the period. Phillips Wealth Planners LLC lifted its holdings in shares of Mastercard by 1.8% during the first quarter. Phillips Wealth Planners LLC now owns 1,055 shares of the credit services provider’s stock worth $538,000 after buying an additional 19 shares in the last quarter. Alta Wealth Advisors LLC boosted its position in shares of Mastercard by 3.6% in the first quarter. Alta Wealth Advisors LLC now owns 540 shares of the credit services provider’s stock valued at $296,000 after acquiring an additional 19 shares during the period. Finally, May Hill Capital LLC grew its stake in shares of Mastercard by 2.0% in the first quarter. May Hill Capital LLC now owns 986 shares of the credit services provider’s stock valued at $540,000 after acquiring an additional 19 shares in the last quarter. 97.28% of the stock is owned by institutional investors.

Mastercard Price Performance

Shares of NYSE:MA opened at $581.08 on Monday. The firm has a 50 day simple moving average of $580.26 and a 200 day simple moving average of $562.03. The company has a market cap of $525.30 billion, a price-to-earnings ratio of 39.18, a PEG ratio of 2.38 and a beta of 0.97. Mastercard Incorporated has a one year low of $465.59 and a one year high of $601.77. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16.

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

Mastercard Announces Dividend

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

Insider Activity

In related news, CFO J. Mehra Sachin sold 17,816 shares of the firm’s stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $586.89, for a total value of $10,456,032.24. Following the completion of the transaction, the chief financial officer owned 31,234 shares in the company, valued at $18,330,922.26. This trade represents a 36.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.09% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

MA has been the subject of several analyst reports. KeyCorp lifted their price objective 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. Wells Fargo & Company lifted their price target on shares of Mastercard from $625.00 to $650.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Weiss Ratings reissued a “buy (b)” rating on shares of Mastercard in a research report on Saturday, September 27th. Morgan Stanley lifted their price objective on Mastercard from $639.00 to $661.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Finally, TD Cowen reiterated a “buy” rating and set a $645.00 target price on shares of Mastercard in a research report on Monday, August 11th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $630.89.

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.