Mastercard Incorporated (NYSE:MA) Shares Bought by Altman Advisors Inc.

by · The Cerbat Gem

Altman Advisors Inc. boosted its position in shares of Mastercard Incorporated (NYSE:MA – Free Report) by 1.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,045 shares of the credit services provider’s stock after acquiring an additional 58 shares during the period. Altman Advisors Inc.’s holdings in Mastercard were worth $2,217,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MA. Brighton Jones LLC raised its position in Mastercard by 42.3% during the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock worth $3,594,000 after buying an additional 2,028 shares during the last quarter. Bank Pictet & Cie Europe AG raised its position in Mastercard by 11.8% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 70,472 shares of the credit services provider’s stock worth $37,108,000 after buying an additional 7,452 shares during the last quarter. Proficio Capital Partners LLC raised its position in Mastercard by 51.6% during the 4th quarter. Proficio Capital Partners LLC now owns 2,954 shares of the credit services provider’s stock worth $1,555,000 after buying an additional 1,006 shares during the last quarter. Mascagni Wealth Management Inc. purchased a new position in shares of Mastercard in the 4th quarter valued at about $73,000. Finally, Trustco Bank Corp N Y purchased a new position in shares of Mastercard in the 4th quarter valued at about $211,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Buying and Selling

In other news, insider Craig Vosburg sold 9,428 shares of Mastercard stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $353.05, for a total value of $3,328,555.40. Following the completion of the transaction, the insider owned 58,451 shares of the company’s stock, valued at $20,636,125.55. This trade represents a 13.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Julius Genachowski sold 312 shares of Mastercard stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $570.67, for a total transaction of $178,049.04. Following the completion of the transaction, the director directly owned 8,469 shares of the company’s stock, valued at approximately $4,833,004.23. This trade represents a 3.55% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 38,753 shares of company stock worth $20,351,084. Insiders own 0.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MA. Monness Crespi & Hardt downgraded shares of Mastercard from a “buy” rating to a “neutral” rating in a report on Wednesday, April 9th. Wolfe Research set a $655.00 target price on shares of Mastercard in a report on Monday, June 23rd. Evercore ISI began coverage on shares of Mastercard in a report on Wednesday, April 9th. They set an “in-line” rating and a $550.00 target price for the company. Wall Street Zen downgraded shares of Mastercard from a “buy” rating to a “hold” rating in a report on Saturday, June 14th. Finally, Truist Financial began coverage on shares of Mastercard in a report on Monday, June 2nd. They set a “buy” rating and a $640.00 target price for the company. Six equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, Mastercard currently has an average rating of “Moderate Buy” and an average price target of $611.50.

Read Our Latest Analysis on Mastercard

Mastercard Trading Down 0.5%

Shares of NYSE:MA opened at $550.33 on Wednesday. The stock has a market capitalization of $501.74 billion, a price-to-earnings ratio of 38.59, a PEG ratio of 2.40 and a beta of 1.02. Mastercard Incorporated has a 1-year low of $428.86 and a 1-year high of $594.71. The company has a debt-to-equity ratio of 2.81, a quick ratio of 1.11 and a current ratio of 1.11. The company has a 50 day moving average price of $568.07 and a 200 day moving average price of $548.00.

Mastercard (NYSE:MA – Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, beating the consensus estimate of $3.57 by $0.16. The business had revenue of $7.25 billion during the quarter, compared to the consensus estimate of $7.12 billion. Mastercard had a net margin of 45.21% and a return on equity of 196.87%. The firm’s quarterly revenue was up 14.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.31 EPS. On average, research analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

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

Mastercard Company Profile

(Free Report)

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.

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