Mastercard Incorporated (NYSE:MA) Stock Position Raised by Marion Wealth Management

by · The Markets Daily

Marion Wealth Management lifted its position in Mastercard Incorporated (NYSE:MA – Free Report) by 0.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 5,755 shares of the credit services provider’s stock after buying an additional 37 shares during the quarter. Marion Wealth Management’s holdings in Mastercard were worth $3,030,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Highline Wealth Partners LLC bought a new stake in shares of Mastercard during the 3rd quarter worth about $25,000. Strategic Investment Solutions Inc. IL acquired a new stake in Mastercard in the 2nd quarter worth approximately $34,000. First Personal Financial Services bought a new stake in Mastercard during the third quarter worth approximately $39,000. Fairway Wealth LLC acquired a new position in Mastercard during the second quarter valued at approximately $35,000. Finally, Lowe Wealth Advisors LLC lifted its stake in shares of Mastercard by 74.0% in the third quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock worth $43,000 after buying an additional 37 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.

Mastercard Trading Up 0.1 %

Shares of MA opened at $505.27 on Tuesday. The stock has a 50 day simple moving average of $524.08 and a 200-day simple moving average of $492.75. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 2.36. The stock has a market cap of $463.75 billion, a PE ratio of 38.22, a PEG ratio of 2.36 and a beta of 1.10. Mastercard Incorporated has a 1 year low of $425.48 and a 1 year high of $537.70.

Mastercard (NYSE:MA – Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.73 by $0.16. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The company had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.27 billion. During the same period last year, the business earned $3.39 earnings per share. The business’s revenue was up 12.8% on a year-over-year basis. On average, sell-side analysts predict that Mastercard Incorporated will post 14.47 EPS for the current fiscal year.

Mastercard declared that its board has initiated a share repurchase plan on Tuesday, December 17th that permits the company to repurchase $12.00 billion in shares. This repurchase authorization permits the credit services provider to reacquire up to 2.5% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Mastercard Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Thursday, January 9th will be given a $0.76 dividend. The ex-dividend date is Friday, January 10th. This is a positive change from Mastercard’s previous quarterly dividend of $0.66. This represents a $3.04 dividend on an annualized basis and a yield of 0.60%. Mastercard’s payout ratio is 23.00%.

Analyst Ratings Changes

MA has been the topic of a number of research analyst reports. Morgan Stanley raised their target price on shares of Mastercard from $564.00 to $654.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. JPMorgan Chase & Co. dropped their price objective on Mastercard from $593.00 to $580.00 and set an “overweight” rating on the stock in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft increased their target price on Mastercard from $510.00 to $580.00 and gave the company a “buy” rating in a research note on Friday, November 1st. BMO Capital Markets lifted their price target on Mastercard from $550.00 to $565.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. Finally, Jefferies Financial Group increased their price objective on Mastercard from $590.00 to $610.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Three equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $566.13.

Check Out Our Latest Stock Analysis on MA

Mastercard Company 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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