Campbell Wealth Management Has $457,000 Stock Holdings in Mastercard Incorporated (NYSE:MA)

Campbell Wealth Management lifted its holdings in shares of Mastercard Incorporated (NYSE:MA) by 47.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 868 shares of the credit services provider’s stock after acquiring an additional 279 shares during the period. Campbell Wealth Management’s holdings in Mastercard were worth $457,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Highline Wealth Partners LLC purchased a new stake in shares of Mastercard in the third quarter valued at about $25,000. First Personal Financial Services purchased a new position in Mastercard in the third quarter valued at about $39,000. FSA Wealth Management LLC purchased a new stake in Mastercard in the third quarter worth $54,000. Raelipskie Partnership increased its holdings in Mastercard by 120.0% in the 3rd quarter. Raelipskie Partnership now owns 110 shares of the credit services provider’s stock worth $54,000 after acquiring an additional 60 shares during the last quarter. Finally, Legacy Investment Solutions LLC bought a new stake in shares of Mastercard in the third quarter valued at approximately $55,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Jefferies Financial Group raised their price objective on shares of Mastercard from $590.00 to $610.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Piper Sandler restated an “overweight” rating and issued a $635.00 target price (up previously from $591.00) on shares of Mastercard in a research report on Friday, January 31st. Raymond James reaffirmed an “outperform” rating and set a $640.00 price objective (up from $614.00) on shares of Mastercard in a research note on Friday, January 31st. Tigress Financial upped their price target on shares of Mastercard from $550.00 to $685.00 and gave the company a “strong-buy” rating in a report on Thursday. Finally, Citigroup increased their price objective on Mastercard from $584.00 to $650.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Four investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $606.11.

Mastercard Stock Up 0.3 %

NYSE:MA opened at $566.02 on Friday. The company’s 50-day simple moving average is $533.94 and its 200-day simple moving average is $508.28. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.29 and a current ratio of 1.03. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $576.94. The stock has a market capitalization of $519.51 billion, a P/E ratio of 40.75, a P/E/G ratio of 2.37 and a beta of 1.10.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, January 30th. The credit services provider reported $3.82 earnings per share for the quarter, beating the consensus estimate of $3.71 by $0.11. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. On average, equities analysts anticipate that Mastercard Incorporated will post 15.98 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Wednesday, April 9th will be issued a $0.76 dividend. The ex-dividend date is Wednesday, April 9th. This represents a $3.04 annualized dividend and a yield of 0.54%. Mastercard’s dividend payout ratio (DPR) is presently 21.89%.

Mastercard announced that its board has approved a stock buyback plan on Tuesday, December 17th that permits the company to buyback $12.00 billion in outstanding shares. This buyback authorization permits the credit services provider to buy up to 2.5% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

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.