HMV Wealth Advisors LLC Sells 1,073 Shares of Mastercard Incorporated $MA

HMV Wealth Advisors LLC cut its holdings in shares of Mastercard Incorporated (NYSE:MA) by 44.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,343 shares of the credit services provider’s stock after selling 1,073 shares during the period. HMV Wealth Advisors LLC’s holdings in Mastercard were worth $755,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MA. Vanguard Group Inc. raised its position in Mastercard by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 77,544,675 shares of the credit services provider’s stock worth $42,503,787,000 after purchasing an additional 365,537 shares during the last quarter. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Mastercard in the second quarter valued at about $11,421,213,000. Price T Rowe Associates Inc. MD raised its position in shares of Mastercard by 4.7% during the first 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 lifted its stake 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 worth $7,413,936,000 after acquiring an additional 3,765,378 shares during the period. Finally, Nuveen LLC bought a new stake in Mastercard in the first quarter valued at approximately $4,238,764,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Mastercard

In related news, CFO J. Mehra Sachin sold 17,263 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $591.00, for a total transaction of $10,202,433.00. Following the sale, the chief financial officer owned 31,234 shares of the company’s stock, valued at approximately $18,459,294. This represents a 35.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.09% of the stock is currently owned by corporate insiders.

Mastercard Stock Performance

Shares of Mastercard stock opened at $578.91 on Tuesday. The business’s fifty day simple moving average is $580.46 and its 200 day simple moving average is $562.33. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77. The firm has a market capitalization of $523.34 billion, a P/E ratio of 39.04, a price-to-earnings-growth ratio of 2.38 and a beta of 0.97.

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

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Thursday, October 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 0.5%. The ex-dividend date is Thursday, October 9th. Mastercard’s payout ratio is presently 20.50%.

Wall Street Analysts Forecast Growth

MA has been the topic of several recent analyst reports. Royal Bank Of Canada boosted their target price on shares of Mastercard from $650.00 to $656.00 and gave the company an “outperform” rating in a report on Friday, August 1st. Deutsche Bank Aktiengesellschaft started coverage on Mastercard in a research note on Thursday, July 17th. They issued a “buy” rating and a $650.00 price objective on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Mastercard in a research note on Saturday, September 27th. Morgan Stanley lifted their target price on Mastercard from $639.00 to $661.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Finally, Robert W. Baird increased their price target on Mastercard from $640.00 to $660.00 and gave the stock an “outperform” rating in a report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $634.04.

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.