Naviter Wealth LLC Boosts Holdings in Mastercard Incorporated (NYSE:MA)

Naviter Wealth LLC increased its holdings in Mastercard Incorporated (NYSE:MAFree Report) by 9.7% during the first quarter, Holdings Channel reports. The firm owned 6,377 shares of the credit services provider’s stock after acquiring an additional 564 shares during the quarter. Naviter Wealth LLC’s holdings in Mastercard were worth $3,071,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. Hoxton Planning & Management LLC grew its position in Mastercard by 1.4% in the 1st quarter. Hoxton Planning & Management LLC now owns 1,637 shares of the credit services provider’s stock valued at $788,000 after acquiring an additional 22 shares during the last quarter. Carolinas Wealth Consulting LLC grew its position in Mastercard by 5.0% in the 4th quarter. Carolinas Wealth Consulting LLC now owns 484 shares of the credit services provider’s stock valued at $206,000 after acquiring an additional 23 shares during the last quarter. Benin Management CORP grew its position in Mastercard by 3.0% in the 1st quarter. Benin Management CORP now owns 794 shares of the credit services provider’s stock valued at $382,000 after acquiring an additional 23 shares during the last quarter. Atticus Wealth Management LLC grew its position in Mastercard by 1.3% in the 1st quarter. Atticus Wealth Management LLC now owns 1,734 shares of the credit services provider’s stock valued at $835,000 after acquiring an additional 23 shares during the last quarter. Finally, Cypress Wealth Services LLC grew its position in Mastercard by 2.9% in the 4th quarter. Cypress Wealth Services LLC now owns 864 shares of the credit services provider’s stock valued at $369,000 after acquiring an additional 24 shares during the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on MA shares. TD Cowen started coverage on Mastercard in a research report on Thursday, April 11th. They set a “buy” rating and a $545.00 price target on the stock. Robert W. Baird increased their price target on Mastercard from $525.00 to $545.00 and gave the stock an “outperform” rating in a research report on Thursday, April 18th. Barclays dropped their price target on Mastercard from $549.00 to $530.00 and set an “overweight” rating on the stock in a research report on Monday, May 6th. Piper Sandler started coverage on Mastercard in a research report on Monday, May 13th. They set an “overweight” rating and a $531.00 price target on the stock. Finally, Morgan Stanley dropped their price target on Mastercard from $536.00 to $524.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd. Two investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Mastercard has an average rating of “Moderate Buy” and an average target price of $496.91.

View Our Latest Research Report on Mastercard

Insider Transactions at Mastercard

In other news, insider Sandra A. Arkell sold 300 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $447.23, for a total value of $134,169.00. Following the completion of the transaction, the insider now directly owns 4,063 shares in the company, valued at $1,817,095.49. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider Craig Vosburg sold 9,028 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $447.28, for a total transaction of $4,038,043.84. Following the sale, the insider now directly owns 58,940 shares of the company’s stock, valued at $26,362,683.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Sandra A. Arkell sold 300 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $447.23, for a total value of $134,169.00. Following the sale, the insider now directly owns 4,063 shares in the company, valued at $1,817,095.49. The disclosure for this sale can be found here. Insiders sold a total of 3,163,228 shares of company stock worth $1,428,540,870 over the last three months. 0.10% of the stock is currently owned by insiders.

Mastercard Trading Up 1.6 %

Mastercard stock opened at $444.65 on Wednesday. The stock has a 50-day moving average of $451.12 and a two-hundred day moving average of $453.44. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.09 and a current ratio of 1.09. Mastercard Incorporated has a one year low of $359.77 and a one year high of $490.00. The stock has a market cap of $413.35 billion, a PE ratio of 35.35, a price-to-earnings-growth ratio of 1.72 and a beta of 1.09.

Mastercard (NYSE:MAGet Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.22 by $0.09. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. The firm had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.34 billion. During the same period last year, the business posted $2.80 earnings per share. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. On average, research analysts anticipate that Mastercard Incorporated will post 14.26 EPS for the current fiscal year.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Tuesday, July 9th will be paid a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend is Tuesday, July 9th. Mastercard’s payout ratio is 20.99%.

Mastercard Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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