Capital Advisors Wealth Management LLC Buys New Stake in Mastercard Incorporated (NYSE:MA)

Capital Advisors Wealth Management LLC acquired a new position in shares of Mastercard Incorporated (NYSE:MA) during the 1st quarter, Holdings Channel.com reports. The fund acquired 451 shares of the credit services provider’s stock, valued at approximately $217,000.

Several other large investors have also recently added to or reduced their stakes in MA. Dark Forest Capital Management LP grew its stake in Mastercard by 81.0% during the third quarter. Dark Forest Capital Management LP now owns 1,171 shares of the credit services provider’s stock worth $464,000 after buying an additional 524 shares during the last quarter. Cary Street Partners Investment Advisory LLC grew its stake in Mastercard by 11.4% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 3,236 shares of the credit services provider’s stock worth $1,281,000 after buying an additional 330 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in Mastercard by 29.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,396 shares of the credit services provider’s stock worth $2,532,000 after buying an additional 1,458 shares during the last quarter. Operose Advisors LLC grew its stake in Mastercard by 26.7% during the third quarter. Operose Advisors LLC now owns 551 shares of the credit services provider’s stock worth $218,000 after buying an additional 116 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp grew its stake in Mastercard by 20.1% during the third quarter. OMERS ADMINISTRATION Corp now owns 466,538 shares of the credit services provider’s stock worth $184,707,000 after buying an additional 78,000 shares during the last quarter. 97.28% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on MA shares. Evercore ISI cut their price objective on shares of Mastercard from $540.00 to $525.00 and set an “outperform” rating on the stock in a report on Tuesday. Robert W. Baird increased their price objective on shares of Mastercard from $525.00 to $545.00 and gave the company an “outperform” rating in a report on Thursday, April 18th. Wells Fargo & Company increased their target price on shares of Mastercard from $490.00 to $530.00 and gave the stock an “overweight” rating in a report on Wednesday, March 6th. Morgan Stanley cut their target price on shares of Mastercard from $536.00 to $524.00 and set an “overweight” rating on the stock in a report on Thursday, May 2nd. Finally, TD Cowen initiated coverage on shares of Mastercard in a report on Thursday, April 11th. They issued a “buy” rating and a $545.00 target price on the stock. Two research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $496.91.

Mastercard Stock Down 0.3 %

Mastercard stock opened at $455.66 on Wednesday. The company has a fifty day simple moving average of $452.17 and a 200 day simple moving average of $452.78. Mastercard Incorporated has a 1-year low of $359.77 and a 1-year high of $490.00. The company has a market cap of $423.59 billion, a P/E ratio of 36.22, a price-to-earnings-growth ratio of 1.79 and a beta of 1.09. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.86.

Mastercard (NYSE:MA) last posted its earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.22 by $0.09. The company had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.34 billion. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. Mastercard’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter last year, the company posted $2.80 EPS. Research analysts anticipate that Mastercard Incorporated will post 14.22 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Tuesday, July 9th will be paid a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend is Tuesday, July 9th. Mastercard’s dividend payout ratio is presently 20.99%.

Insiders Place Their Bets

In other Mastercard news, insider Sandra A. Arkell sold 300 shares of Mastercard stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $447.23, for a total value of $134,169.00. Following the completion of the sale, the insider now owns 4,063 shares in the company, valued at approximately $1,817,095.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Mastercard news, insider Sandra A. Arkell sold 300 shares of Mastercard stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $447.23, for a total value of $134,169.00. Following the completion of the sale, the insider now owns 4,063 shares in the company, valued at approximately $1,817,095.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Hai Ling sold 2,892 shares of Mastercard stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $460.00, for a total transaction of $1,330,320.00. Following the completion of the sale, the insider now owns 21,420 shares of the company’s stock, valued at approximately $9,853,200. The disclosure for this sale can be found here. Insiders sold 3,025,228 shares of company stock worth $1,366,000,650 in the last quarter. 0.10% of the stock is currently owned by corporate insiders.

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.