One Wealth Management Investment & Advisory Services LLC Raises Holdings in Mastercard Incorporated (NYSE:MA)

One Wealth Management Investment & Advisory Services LLC boosted its stake in Mastercard Incorporated (NYSE:MA) by 2.2% in the 2nd quarter, Holdings Channel reports. The firm owned 3,225 shares of the credit services provider’s stock after purchasing an additional 69 shares during the period. One Wealth Management Investment & Advisory Services LLC’s holdings in Mastercard were worth $1,423,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Mastercard by 0.4% in the first quarter. Vanguard Group Inc. now owns 75,584,606 shares of the credit services provider’s stock valued at $36,399,279,000 after acquiring an additional 330,872 shares in the last quarter. Capital International Investors raised its stake in Mastercard by 3.3% during the 4th quarter. Capital International Investors now owns 21,041,685 shares of the credit services provider’s stock valued at $8,974,478,000 after acquiring an additional 676,452 shares during the last quarter. Capital Research Global Investors raised its stake in Mastercard by 0.3% during the 1st quarter. Capital Research Global Investors now owns 13,651,904 shares of the credit services provider’s stock valued at $6,574,347,000 after acquiring an additional 43,881 shares during the last quarter. Norges Bank purchased a new stake in Mastercard during the 4th quarter valued at approximately $4,595,559,000. Finally, Canada Pension Plan Investment Board raised its stake in Mastercard by 7.1% during the 1st quarter. Canada Pension Plan Investment Board now owns 4,213,930 shares of the credit services provider’s stock valued at $2,029,302,000 after acquiring an additional 279,178 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Down 0.3 %

MA stock traded down $1.24 during trading on Friday, reaching $476.12. The stock had a trading volume of 2,116,234 shares, compared to its average volume of 2,444,963. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.95. The firm has a fifty day moving average price of $456.26 and a 200 day moving average price of $459.59. The company has a market capitalization of $442.61 billion, a P/E ratio of 37.86, a PEG ratio of 1.90 and a beta of 1.10. Mastercard Incorporated has a 1-year low of $359.77 and a 1-year high of $490.00.

Mastercard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th were paid a dividend of $0.66 per share. The ex-dividend date of this dividend was Tuesday, July 9th. This represents a $2.64 dividend on an annualized basis and a yield of 0.55%. Mastercard’s dividend payout ratio (DPR) is presently 20.99%.

Insiders Place Their Bets

In related news, major shareholder Foundation Mastercard sold 138,000 shares of the company’s stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $453.19, for a total value of $62,540,220.00. Following the sale, the insider now directly owns 92,152,308 shares of the company’s stock, valued at $41,762,504,462.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Mastercard news, insider Raj Seshadri sold 3,464 shares of the business’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $447.84, for a total transaction of $1,551,317.76. Following the completion of the sale, the insider now owns 13,736 shares in the company, valued at $6,151,530.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Foundation Mastercard sold 138,000 shares of the firm’s stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $453.19, for a total transaction of $62,540,220.00. Following the completion of the transaction, the insider now owns 92,152,308 shares in the company, valued at $41,762,504,462.52. The disclosure for this sale can be found here. Insiders have sold 1,167,931 shares of company stock worth $531,284,982 in the last three months. 0.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on MA. KeyCorp upped their price objective on Mastercard from $490.00 to $515.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Susquehanna increased their price target on shares of Mastercard from $535.00 to $540.00 and gave the company a “positive” rating in a research report on Thursday, August 1st. BNP Paribas downgraded Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price target for the company. in a research report on Tuesday. BMO Capital Markets reiterated an “outperform” rating and set a $520.00 price objective on shares of Mastercard in a research report on Wednesday, August 14th. Finally, Barclays lifted their price target on Mastercard from $530.00 to $536.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Five research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $510.88.

Mastercard Profile

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.