Aaron Wealth Advisors LLC Acquires 330 Shares of Mastercard Incorporated $MA

Aaron Wealth Advisors LLC increased its holdings in Mastercard Incorporated (NYSE:MA) by 5.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,155 shares of the credit services provider’s stock after purchasing an additional 330 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in Mastercard were worth $3,459,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of MA. Ethos Financial Group LLC grew its position in shares of Mastercard by 19.5% during the 1st quarter. Ethos Financial Group LLC now owns 3,174 shares of the credit services provider’s stock worth $1,683,000 after buying an additional 518 shares during the period. Fortis Advisors LLC grew its position in shares of Mastercard by 9.4% during the 1st quarter. Fortis Advisors LLC now owns 871 shares of the credit services provider’s stock worth $477,000 after buying an additional 75 shares during the period. Canandaigua National Trust Co of Florida grew its position in shares of Mastercard by 36.4% during the 1st quarter. Canandaigua National Trust Co of Florida now owns 693 shares of the credit services provider’s stock worth $380,000 after buying an additional 185 shares during the period. Kingswood Wealth Advisors LLC grew its position in shares of Mastercard by 18.0% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 6,870 shares of the credit services provider’s stock worth $3,766,000 after buying an additional 1,047 shares during the period. Finally, Focus Partners Wealth grew its position in shares of Mastercard by 0.5% during the 1st quarter. Focus Partners Wealth now owns 607,702 shares of the credit services provider’s stock worth $333,095,000 after buying an additional 3,001 shares during the period. Institutional investors own 97.28% of the company’s stock.

Mastercard Stock Up 0.6%

MA stock opened at $586.63 on Wednesday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. The firm has a market capitalization of $530.32 billion, a PE ratio of 39.56, a PEG ratio of 2.39 and a beta of 0.99. Mastercard Incorporated has a twelve month low of $465.59 and a twelve month high of $601.77. The stock has a 50-day simple moving average of $575.44 and a two-hundred day simple moving average of $558.53.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, topping the consensus estimate of $4.05 by $0.10. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The company had revenue of $8.13 billion during the quarter, compared to analyst estimates of $7.95 billion. During the same quarter in the previous year, the firm earned $3.50 earnings per share. Mastercard’s revenue was up 16.8% on a year-over-year basis. On average, equities analysts predict that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

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

Insider Transactions at Mastercard

In other Mastercard news, Director Julius Genachowski sold 312 shares of the business’s stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $570.67, for a total value of $178,049.04. Following the completion of the sale, the director owned 8,469 shares in the company, valued at approximately $4,833,004.23. The trade was a 3.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Craig Vosburg sold 9,428 shares of the business’s stock in a transaction that occurred on 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 sale, the insider owned 58,451 shares of the company’s stock, valued at $20,636,125.55. The trade was a 13.89% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 49,094 shares of company stock valued at $26,521,861. Insiders own 0.09% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on MA shares. Truist Financial reduced their price objective on shares of Mastercard from $640.00 to $612.00 and set a “buy” rating for the company in a research report on Thursday, July 17th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Mastercard in a research report on Friday, August 1st. Wells Fargo & Company raised their price objective on shares of Mastercard from $625.00 to $650.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. TD Cowen reiterated a “buy” rating and issued a $645.00 target price on shares of Mastercard in a report on Monday, August 11th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Mastercard in a report on Thursday, July 17th. They issued a “buy” rating and a $650.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $630.89.

About Mastercard

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.