Western Wealth Management LLC Increases Position in Mastercard Inc (NYSE:MA)

Western Wealth Management LLC increased its stake in Mastercard Inc (NYSE:MA) by 1.2% in the second quarter, HoldingsChannel.com reports. The firm owned 6,322 shares of the credit services provider’s stock after acquiring an additional 76 shares during the quarter. Western Wealth Management LLC’s holdings in Mastercard were worth $1,676,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in MA. Dimensional Fund Advisors LP raised its stake in Mastercard by 1.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,964,021 shares of the credit services provider’s stock valued at $559,150,000 after buying an additional 42,640 shares during the last quarter. Geode Capital Management LLC raised its stake in Mastercard by 3.5% during the 4th quarter. Geode Capital Management LLC now owns 12,431,997 shares of the credit services provider’s stock valued at $2,341,383,000 after buying an additional 416,095 shares during the last quarter. Legacy Advisors LLC purchased a new stake in Mastercard during the 1st quarter valued at $50,000. Douglass Winthrop Advisors LLC raised its stake in Mastercard by 0.4% during the 1st quarter. Douglass Winthrop Advisors LLC now owns 435,747 shares of the credit services provider’s stock valued at $102,597,000 after buying an additional 1,771 shares during the last quarter. Finally, Factory Mutual Insurance Co. raised its stake in Mastercard by 0.3% during the 1st quarter. Factory Mutual Insurance Co. now owns 285,600 shares of the credit services provider’s stock valued at $67,592,000 after buying an additional 800 shares during the last quarter. Institutional investors and hedge funds own 74.90% of the company’s stock.

In other Mastercard news, major shareholder Foundation Mastercard sold 15,890 shares of the stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $272.06, for a total value of $4,323,033.40. Following the completion of the sale, the insider now owns 112,030,712 shares in the company, valued at approximately $30,479,075,506.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Vice Chairman Ann Cairns sold 51,850 shares of the stock in a transaction on Monday, June 17th. The stock was sold at an average price of $259.80, for a total value of $13,470,630.00. Following the completion of the sale, the insider now owns 134,120 shares of the company’s stock, valued at approximately $34,844,376. The disclosure for this sale can be found here. Insiders sold a total of 201,511 shares of company stock valued at $54,471,508 in the last quarter. 3.70% of the stock is currently owned by company insiders.

Shares of NYSE:MA traded down $8.57 during midday trading on Friday, hitting $272.20. The company had a trading volume of 2,274,388 shares, compared to its average volume of 3,827,957. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.49 and a quick ratio of 1.49. The company has a market cap of $281.07 billion, a price-to-earnings ratio of 41.94, a PEG ratio of 2.19 and a beta of 1.08. Mastercard Inc has a 12-month low of $171.89 and a 12-month high of $283.33. The company has a fifty day moving average of $275.18 and a two-hundred day moving average of $249.70.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Tuesday, July 30th. The credit services provider reported $1.89 EPS for the quarter, topping the consensus estimate of $1.82 by $0.07. The firm had revenue of $4.11 billion during the quarter, compared to analyst estimates of $4.08 billion. Mastercard had a return on equity of 135.02% and a net margin of 42.71%. Mastercard’s revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.66 EPS. Research analysts expect that Mastercard Inc will post 7.61 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th were paid a $0.33 dividend. The ex-dividend date of this dividend was Monday, July 8th. This represents a $1.32 dividend on an annualized basis and a yield of 0.48%. Mastercard’s payout ratio is presently 20.34%.

A number of equities research analysts have weighed in on the stock. BMO Capital Markets set a $328.00 target price on shares of Mastercard and gave the company a “buy” rating in a research note on Wednesday, July 31st. Bank of America boosted their target price on shares of Mastercard from $255.00 to $267.00 and gave the company a “neutral” rating in a research note on Monday, June 17th. Morgan Stanley boosted their target price on shares of Mastercard from $269.00 to $291.00 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Deutsche Bank boosted their target price on shares of Mastercard from $267.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. Finally, Citigroup set a $317.00 target price on shares of Mastercard and gave the company a “buy” rating in a research note on Friday, July 19th. Two investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $291.80.

About Mastercard

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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