Total Clarity Wealth Management Inc. Sells 113 Shares of Mastercard Incorporated (NYSE:MA)

Total Clarity Wealth Management Inc. lessened its holdings in shares of Mastercard Incorporated (NYSE:MA) by 6.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,601 shares of the credit services provider’s stock after selling 113 shares during the period. Total Clarity Wealth Management Inc.’s holdings in Mastercard were worth $706,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Mastercard by 0.4% during 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 buying an additional 330,872 shares during the period. Capital International Investors grew its holdings in shares of Mastercard by 3.3% during the 4th quarter. Capital International Investors now owns 21,041,685 shares of the credit services provider’s stock worth $8,974,478,000 after acquiring an additional 676,452 shares during the period. Capital Research Global Investors raised its position in shares of Mastercard by 0.3% in the 1st quarter. Capital Research Global Investors now owns 13,651,904 shares of the credit services provider’s stock worth $6,574,347,000 after acquiring an additional 43,881 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Mastercard by 0.9% in the 2nd quarter. American Century Companies Inc. now owns 4,250,760 shares of the credit services provider’s stock valued at $1,875,266,000 after purchasing an additional 38,380 shares during the period. Finally, Canada Pension Plan Investment Board boosted its position in shares of Mastercard by 7.1% during the first 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 purchasing an additional 279,178 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Mastercard Stock Up 0.3 %

Mastercard stock opened at $493.36 on Monday. Mastercard Incorporated has a one year low of $359.77 and a one year high of $496.85. The stock has a fifty day moving average of $460.67 and a 200 day moving average of $460.18. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a market cap of $458.63 billion, a PE ratio of 39.22, a price-to-earnings-growth ratio of 1.92 and a beta of 1.10.

Mastercard (NYSE:MA) last released its quarterly earnings results on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.51 by $0.08. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. The business had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.85 billion. As a group, sell-side analysts predict that Mastercard Incorporated will post 14.29 EPS for the current year.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th were given a $0.66 dividend. The ex-dividend date was Tuesday, July 9th. This represents a $2.64 annualized dividend and a yield of 0.54%. Mastercard’s payout ratio is presently 20.99%.

Insider Transactions at Mastercard

In other news, insider Craig Vosburg sold 9,028 shares of the business’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $451.06, for a total transaction of $4,072,169.68. Following the completion of the sale, the insider now owns 58,940 shares of the company’s stock, valued at approximately $26,585,476.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Mastercard news, CFO J. Mehra Sachin sold 13,439 shares of Mastercard stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the transaction, the chief financial officer now owns 27,304 shares of the company’s stock, valued at $12,423,320. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Craig Vosburg sold 9,028 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $451.06, for a total transaction of $4,072,169.68. Following the completion of the transaction, the insider now owns 58,940 shares of the company’s stock, valued at $26,585,476.40. The disclosure for this sale can be found here. Insiders have sold 720,467 shares of company stock worth $331,875,955 in the last 90 days. 0.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

MA has been the subject of a number of research reports. Citigroup raised their price objective on Mastercard from $528.00 to $538.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Bank of America downgraded shares of Mastercard from a “buy” rating to a “neutral” rating and decreased their target price for the company from $505.00 to $480.00 in a research note on Wednesday, July 10th. Susquehanna lifted their price objective on Mastercard from $535.00 to $540.00 and gave the company a “positive” rating in a research note on Thursday, August 1st. Royal Bank of Canada increased their target price on Mastercard from $500.00 to $526.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Finally, BNP Paribas lowered 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, September 3rd. Five equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $510.88.

About Mastercard

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.