Heritage Wealth Management Inc. Invests $213,000 in Mastercard Incorporated (NYSE:MA)

Heritage Wealth Management Inc. acquired a new stake in shares of Mastercard Incorporated (NYSE:MA) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 473 shares of the credit services provider’s stock, valued at approximately $213,000.

A number of other institutional investors also recently bought and sold shares of the company. Swedbank AB bought a new position in Mastercard in the 1st quarter worth $660,652,000. PineStone Asset Management Inc. raised its stake in shares of Mastercard by 145.6% in the second quarter. PineStone Asset Management Inc. now owns 1,777,468 shares of the credit services provider’s stock worth $784,148,000 after buying an additional 1,053,616 shares during the period. Vanguard Group Inc. lifted its position in shares of Mastercard by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 75,253,734 shares of the credit services provider’s stock valued at $32,096,470,000 after buying an additional 742,076 shares in the last quarter. Manning & Napier Advisors LLC bought a new position in shares of Mastercard during the 2nd quarter valued at approximately $259,071,000. Finally, Global Assets Advisory LLC purchased a new stake in Mastercard in the 1st quarter worth approximately $203,198,000. Institutional investors own 97.28% of the company’s stock.

Mastercard Trading Down 0.1 %

Shares of NYSE MA opened at $494.94 on Friday. The stock has a market capitalization of $460.10 billion, a P/E ratio of 39.34, a PEG ratio of 1.96 and a beta of 1.10. Mastercard Incorporated has a 1-year low of $359.77 and a 1-year high of $501.80. The business’s 50 day moving average is $475.36 and its two-hundred day moving average is $462.47. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.14 and a quick ratio of 1.14.

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

Mastercard Dividend Announcement

The company 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. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.53%. Mastercard’s dividend payout ratio is presently 20.99%.

Insider Activity at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 13,439 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $455.00, for a total value of $6,114,745.00. Following the completion of the sale, 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 SEC, which can be accessed through the SEC website. In other Mastercard news, CFO J. Mehra Sachin sold 13,439 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $455.00, for a total value of $6,114,745.00. Following the sale, the chief financial officer now owns 27,304 shares in the company, valued at $12,423,320. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Foundation Mastercard sold 109,000 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $467.45, for a total transaction of $50,952,050.00. Following the sale, the insider now directly owns 91,924,308 shares of the company’s stock, valued at $42,970,017,774.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 340,809 shares of company stock worth $159,610,703. Insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

MA has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their price target on shares of Mastercard from $500.00 to $570.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 20th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $520.00 target price on shares of Mastercard in a report on Wednesday, August 14th. Argus raised Mastercard to a “strong-buy” rating in a report on Thursday, August 1st. Oppenheimer began coverage on Mastercard in a research report on Tuesday. They issued an “outperform” rating and a $591.00 price objective on the stock. Finally, William Blair raised Mastercard to a “strong-buy” rating in a research note on Wednesday, July 31st. Five investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $517.22.

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.