Hartmann Taylor Wealth Management LLC Purchases New Position in Mastercard Incorporated (NYSE:MA)

Hartmann Taylor Wealth Management LLC acquired a new position in Mastercard Incorporated (NYSE:MA) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 887 shares of the credit services provider’s stock, valued at approximately $486,000.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Mastercard by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 77,179,138 shares of the credit services provider’s stock valued at $40,640,219,000 after purchasing an additional 377,302 shares in the last quarter. FMR LLC lifted its holdings in Mastercard by 4.3% during the fourth quarter. FMR LLC now owns 22,267,937 shares of the credit services provider’s stock worth $11,725,627,000 after buying an additional 912,856 shares during the period. Geode Capital Management LLC boosted its position in Mastercard by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 18,657,792 shares of the credit services provider’s stock valued at $9,800,202,000 after acquiring an additional 282,739 shares in the last quarter. Norges Bank purchased a new position in shares of Mastercard in the 4th quarter valued at $6,022,224,000. Finally, Wellington Management Group LLP raised its position in shares of Mastercard by 9.1% in the 4th quarter. Wellington Management Group LLP now owns 9,760,740 shares of the credit services provider’s stock worth $5,139,713,000 after acquiring an additional 817,836 shares in the last quarter. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MA has been the topic of a number of recent research reports. Citigroup raised their price objective on Mastercard from $650.00 to $652.00 and gave the company a “buy” rating in a research report on Monday, May 5th. Tigress Financial restated a “strong-buy” rating on shares of Mastercard in a report on Monday, March 10th. Truist Financial started coverage on shares of Mastercard in a research report on Monday, June 2nd. They issued a “buy” rating and a $640.00 price objective on the stock. Wall Street Zen cut shares of Mastercard from a “buy” rating to a “hold” rating in a research report on Saturday, June 14th. Finally, KeyCorp lifted their price target on shares of Mastercard from $630.00 to $635.00 and gave the stock an “overweight” rating in a report on Friday, May 2nd. Seven analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $611.50.

Mastercard Price Performance

Shares of MA opened at $552.02 on Friday. The company has a market capitalization of $503.28 billion, a P/E ratio of 38.71, a P/E/G ratio of 2.38 and a beta of 1.05. The business’s 50-day moving average is $563.13 and its two-hundred day moving average is $545.36. The company has a debt-to-equity ratio of 2.81, a quick ratio of 1.11 and a current ratio of 1.11. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $594.71.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, beating the consensus estimate of $3.57 by $0.16. Mastercard had a return on equity of 196.87% and a net margin of 45.21%. The company had revenue of $7.25 billion during the quarter, compared to analysts’ expectations of $7.12 billion. During the same period last year, the business earned $3.31 earnings per share. Mastercard’s quarterly revenue was up 14.2% on a year-over-year basis. Research analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Wednesday, July 9th will be issued a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend is Wednesday, July 9th. Mastercard’s dividend payout ratio (DPR) is 21.32%.

Insider Activity at Mastercard

In related news, insider Craig Vosburg sold 9,428 shares of the company’s stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $588.18, for a total value of $5,545,361.04. Following the completion of the transaction, the insider now owns 58,451 shares of the company’s stock, valued at approximately $34,379,709.18. This represents a 13.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Julius Genachowski sold 310 shares of the stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $561.00, for a total value of $173,910.00. Following the transaction, the director now owns 8,323 shares in the company, valued at $4,669,203. This represents a 3.59% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 36,383 shares of company stock worth $19,035,108 in the last three months. Company insiders own 0.09% of the company’s stock.

Mastercard Company 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.