Mastercard Incorporated (NYSE:MA) Shares Sold by 180 Wealth Advisors LLC

by · The Markets Daily

180 Wealth Advisors LLC cut its stake in Mastercard Incorporated (NYSE:MA – Free Report) by 3.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,477 shares of the credit services provider’s stock after selling 49 shares during the period. 180 Wealth Advisors LLC’s holdings in Mastercard were worth $778,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of MA. Highline Wealth Partners LLC acquired a new position in shares of Mastercard in the third quarter valued at about $25,000. Strategic Investment Solutions Inc. IL purchased a new stake in Mastercard in the second quarter valued at approximately $34,000. Fairway Wealth LLC acquired a new position in Mastercard in the 2nd quarter worth approximately $35,000. First Personal Financial Services purchased a new position in Mastercard during the 3rd quarter worth approximately $39,000. Finally, Lowe Wealth Advisors LLC lifted its stake in Mastercard by 74.0% during the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock valued at $43,000 after acquiring an additional 37 shares during the period. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Stock Up 0.7 %

MA opened at $508.49 on Wednesday. The company has a market cap of $466.71 billion, a PE ratio of 38.46, a price-to-earnings-growth ratio of 2.36 and a beta of 1.10. Mastercard Incorporated has a twelve month low of $425.48 and a twelve month high of $537.70. The company has a 50-day moving average price of $524.14 and a 200 day moving average price of $493.23. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.36.

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

Mastercard declared that its board has authorized a share buyback program on Tuesday, December 17th that allows the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization allows the credit services provider to purchase up to 2.5% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Mastercard Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Thursday, January 9th will be paid a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 0.60%. The ex-dividend date of this dividend is Friday, January 10th. This is a boost from Mastercard’s previous quarterly dividend of $0.66. Mastercard’s payout ratio is 23.00%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on MA. Keefe, Bruyette & Woods increased their price objective on shares of Mastercard from $580.00 to $618.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Macquarie increased their price target on Mastercard from $505.00 to $565.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Jefferies Financial Group boosted their price objective on Mastercard from $590.00 to $610.00 and gave the company a “buy” rating in a report on Monday, December 9th. Barclays upped their target price on Mastercard from $536.00 to $576.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Finally, Morgan Stanley lifted their price target on Mastercard from $564.00 to $654.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Three research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Mastercard has an average rating of “Moderate Buy” and an average price target of $566.63.

Get 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.

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