Axxcess Wealth Management LLC Buys 540 Shares of Mastercard Incorporated (NYSE:MA)

Axxcess Wealth Management LLC boosted its position in Mastercard Incorporated (NYSE:MA) by 3.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,377 shares of the credit services provider’s stock after purchasing an additional 540 shares during the period. Axxcess Wealth Management LLC’s holdings in Mastercard were worth $6,985,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Bailard Inc. grew its holdings in Mastercard by 16.5% during the 3rd quarter. Bailard Inc. now owns 3,574 shares of the credit services provider’s stock valued at $1,415,000 after buying an additional 507 shares in the last quarter. Strategic Investment Advisors MI boosted its position in Mastercard by 8.5% during the third quarter. Strategic Investment Advisors MI now owns 2,090 shares of the credit services provider’s stock valued at $827,000 after buying an additional 163 shares during the period. Miracle Mile Advisors LLC increased its stake in Mastercard by 1.8% in the 3rd quarter. Miracle Mile Advisors LLC now owns 5,331 shares of the credit services provider’s stock worth $2,111,000 after purchasing an additional 96 shares during the period. Jacobsen Capital Management boosted its position in Mastercard by 2.8% during the 3rd quarter. Jacobsen Capital Management now owns 1,971 shares of the credit services provider’s stock valued at $780,000 after buying an additional 53 shares during the period. Finally, Northstar Asset Management LLC bought a new stake in Mastercard in the 3rd quarter worth $221,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard Stock Performance

NYSE MA traded up $2.48 during trading hours on Friday, hitting $443.58. 3,711,610 shares of the company’s stock traded hands, compared to its average volume of 2,507,301. The company has a current ratio of 1.09, a quick ratio of 1.17 and a debt-to-equity ratio of 1.86. Mastercard Incorporated has a 52 week low of $357.85 and a 52 week high of $490.00. The firm has a market capitalization of $413.81 billion, a P/E ratio of 35.26, a P/E/G ratio of 1.71 and a beta of 1.08. The business’s fifty day moving average price is $469.57 and its two-hundred day moving average price is $437.74.

Mastercard (NYSE:MA) last announced its earnings results on Wednesday, May 1st. The credit services provider reported $3.31 EPS for the quarter, topping analysts’ consensus estimates of $3.22 by $0.09. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. The company had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.34 billion. During the same period last year, the firm earned $2.80 EPS. Mastercard’s revenue for the quarter was up 10.4% compared to the same quarter last year. Equities research analysts predict that Mastercard Incorporated will post 14.32 EPS for the current year.

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Tuesday, April 9th will be issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 0.60%. The ex-dividend date is Monday, April 8th. Mastercard’s dividend payout ratio is currently 20.99%.

Insider Buying and Selling at Mastercard

In other news, CEO Michael Miebach sold 7,851 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $475.92, for a total value of $3,736,447.92. Following the transaction, the chief executive officer now owns 47,640 shares of the company’s stock, valued at $22,672,828.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CMO Venkata R. Madabhushi sold 16,037 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $475.94, for a total transaction of $7,632,649.78. Following the sale, the chief marketing officer now owns 12,255 shares of the company’s stock, valued at $5,832,644.70. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Michael Miebach sold 7,851 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $475.92, for a total transaction of $3,736,447.92. Following the sale, the chief executive officer now directly owns 47,640 shares in the company, valued at approximately $22,672,828.80. The disclosure for this sale can be found here. Insiders have sold 583,088 shares of company stock valued at $266,873,978 over the last 90 days. 0.13% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

MA has been the topic of a number of research analyst reports. BMO Capital Markets boosted their price target on Mastercard from $480.00 to $490.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. The Goldman Sachs Group lifted their price target on shares of Mastercard from $433.00 to $482.00 and gave the company a “buy” rating in a report on Thursday, January 11th. Mizuho dropped their target price on shares of Mastercard from $480.00 to $478.00 and set a “buy” rating for the company in a research report on Thursday. Royal Bank of Canada increased their price target on shares of Mastercard from $432.00 to $499.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Finally, Susquehanna reiterated a “positive” rating and set a $535.00 target price on shares of Mastercard in a report on Wednesday, April 3rd. Two analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $493.55.

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.