HMV Wealth Advisors LLC Cuts Stock Holdings in Mastercard Incorporated $MA

HMV Wealth Advisors LLC trimmed its stake in shares of Mastercard Incorporated (NYSE:MA) by 44.4% during the 2nd quarter, Holdings Channel.com reports. The fund owned 1,343 shares of the credit services provider’s stock after selling 1,073 shares during the quarter. HMV Wealth Advisors LLC’s holdings in Mastercard were worth $755,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Mastercard by 0.5% in the first quarter. Vanguard Group Inc. now owns 77,544,675 shares of the credit services provider’s stock worth $42,503,787,000 after buying an additional 365,537 shares during the period. Kingstone Capital Partners Texas LLC purchased a new stake in Mastercard during the 2nd quarter valued at $11,421,213,000. Price T Rowe Associates Inc. MD grew its holdings in Mastercard by 4.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,096,979 shares of the credit services provider’s stock worth $11,015,557,000 after acquiring an additional 907,184 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Mastercard by 38.6% in the first quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider’s stock valued at $7,413,936,000 after acquiring an additional 3,765,378 shares during the period. Finally, Nuveen LLC purchased a new position in shares of Mastercard in the first quarter valued at about $4,238,764,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on MA. Weiss Ratings restated a “buy (b)” rating on shares of Mastercard in a report on Saturday, September 27th. Wolfe Research set a $655.00 target price on Mastercard in a report on Monday, June 23rd. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Mastercard in a research note on Friday, August 1st. Truist Financial reduced their price objective on shares of Mastercard from $640.00 to $612.00 and set a “buy” rating on the stock in a research report on Thursday, July 17th. Finally, Seaport Res Ptn raised shares of Mastercard from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 14th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $634.04.

Insider Buying and Selling at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 17,816 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $586.89, for a total transaction of $10,456,032.24. Following the completion of the sale, the chief financial officer directly owned 31,234 shares of the company’s stock, valued at approximately $18,330,922.26. This represents a 36.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.09% of the stock is owned by company insiders.

Mastercard Stock Performance

Shares of MA stock opened at $578.91 on Tuesday. The company has a market capitalization of $523.34 billion, a price-to-earnings ratio of 39.04, a price-to-earnings-growth ratio of 2.38 and a beta of 0.97. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16. Mastercard Incorporated has a one year low of $465.59 and a one year high of $601.77. The company’s 50-day moving average is $580.46 and its 200 day moving average is $562.33.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, topping analysts’ consensus estimates of $4.05 by $0.10. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The business had revenue of $8.13 billion during the quarter, compared to analyst estimates of $7.95 billion. During the same quarter last year, the company earned $3.50 EPS. The company’s quarterly revenue was up 16.8% compared to the same quarter last year. Sell-side analysts expect that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Thursday, October 9th will be paid a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Thursday, October 9th. Mastercard’s dividend payout ratio is 20.50%.

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.