Wealth Enhancement Advisory Services LLC Purchases 27,863 Shares of Mastercard Incorporated (NYSE:MA)

Wealth Enhancement Advisory Services LLC lifted its position in Mastercard Incorporated (NYSE:MA) by 10.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 302,889 shares of the credit services provider’s stock after purchasing an additional 27,863 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Mastercard were worth $149,566,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in MA. Palisade Asset Management LLC purchased a new position in Mastercard in the first quarter worth $27,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Mastercard during the 2nd quarter valued at about $34,000. Fairway Wealth LLC bought a new stake in Mastercard in the 2nd quarter worth approximately $35,000. Lowe Wealth Advisors LLC boosted its stake in 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 in the last quarter. Finally, Valued Wealth Advisors LLC grew its position in Mastercard by 168.6% during the first quarter. Valued Wealth Advisors LLC now owns 94 shares of the credit services provider’s stock valued at $45,000 after acquiring an additional 59 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on MA shares. Piper Sandler upped their price objective on shares of Mastercard from $531.00 to $536.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Royal Bank of Canada raised their price objective on Mastercard from $500.00 to $526.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Compass Point assumed coverage on Mastercard in a report on Wednesday, September 4th. They set a “neutral” rating and a $525.00 target price for the company. Susquehanna increased 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. Finally, Citigroup increased their price target on shares of Mastercard from $528.00 to $538.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Four analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, Mastercard currently has an average rating of “Moderate Buy” and a consensus price target of $525.68.

Insiders Place Their Bets

In related news, CFO J. Mehra Sachin sold 13,439 shares of the company’s stock in a transaction dated 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 directly owns 27,304 shares in the company, valued at approximately $12,423,320. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CFO J. Mehra Sachin sold 13,439 shares of Mastercard stock in a transaction dated 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 completion of the sale, the chief financial officer now owns 27,304 shares in the company, valued at $12,423,320. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the sale, the chief marketing officer now directly owns 15,031 shares of the company’s stock, valued at $7,363,085.66. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 340,809 shares of company stock valued at $159,610,703 in the last three months. Corporate insiders own 0.10% of the company’s stock.

Mastercard Stock Performance

Shares of MA stock traded down $3.26 on Friday, reaching $507.36. The stock had a trading volume of 1,582,222 shares, compared to its average volume of 2,428,942. Mastercard Incorporated has a 1 year low of $359.77 and a 1 year high of $518.82. The stock has a market cap of $471.65 billion, a P/E ratio of 40.33, a price-to-earnings-growth ratio of 2.27 and a beta of 1.10. 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 company has a 50 day simple moving average of $491.84 and a 200 day simple moving average of $465.44.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Wednesday, July 31st. The credit services provider reported $3.59 EPS for the quarter, beating analysts’ consensus estimates of $3.51 by $0.08. The business had revenue of $6.96 billion for the quarter, compared to analysts’ expectations of $6.85 billion. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. Equities research analysts expect that Mastercard Incorporated will post 14.32 EPS for the current year.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be paid a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date is Wednesday, October 9th. Mastercard’s payout ratio is 20.99%.

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.