Pacific Capital Wealth Advisors Inc. Invests $192,000 in Mastercard Incorporated (NYSE:MA)

Pacific Capital Wealth Advisors Inc. acquired a new stake in shares of Mastercard Incorporated (NYSE:MA) during the fourth quarter, HoldingsChannel reports. The firm acquired 449 shares of the credit services provider’s stock, valued at approximately $192,000.

Other large investors have also recently bought and sold shares of the company. LFA Lugano Financial Advisors SA acquired a new position in shares of Mastercard during the fourth quarter valued at approximately $27,000. Criterion Capital Advisors LLC bought a new stake in shares of Mastercard in the 4th quarter worth $33,000. Barometer Capital Management Inc. bought a new position in Mastercard during the third quarter valued at about $36,000. Thomas J. Herzfeld Advisors Inc. raised its position in Mastercard by 661.5% in the third quarter. Thomas J. Herzfeld Advisors Inc. now owns 99 shares of the credit services provider’s stock worth $39,000 after acquiring an additional 86 shares in the last quarter. Finally, JCIC Asset Management Inc. lifted its holdings in Mastercard by 34.0% in the 4th quarter. JCIC Asset Management Inc. now owns 134 shares of the credit services provider’s stock valued at $57,000 after acquiring an additional 34 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Buying and Selling

In related news, insider Sandra A. Arkell sold 300 shares of the company’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $454.00, for a total transaction of $136,200.00. Following the completion of the sale, the insider now directly owns 3,463 shares of the company’s stock, valued at approximately $1,572,202. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider Sandra A. Arkell sold 300 shares of the business’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $454.00, for a total transaction of $136,200.00. Following the completion of the transaction, the insider now owns 3,463 shares of the company’s stock, valued at approximately $1,572,202. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael Miebach sold 7,851 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $475.92, for a total value of $3,736,447.92. Following the completion of the sale, the chief executive officer now directly owns 47,640 shares in the company, valued at approximately $22,672,828.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 872,688 shares of company stock worth $395,722,487. 0.13% of the stock is currently owned by insiders.

Mastercard Stock Up 0.4 %

Shares of Mastercard stock traded up $1.92 during midday trading on Wednesday, reaching $454.98. 2,332,407 shares of the company’s stock traded hands, compared to its average volume of 2,469,699. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.09 and a current ratio of 1.09. Mastercard Incorporated has a 52 week low of $357.85 and a 52 week high of $490.00. The company’s 50 day simple moving average is $468.64 and its 200 day simple moving average is $439.23. The company has a market cap of $424.45 billion, a price-to-earnings ratio of 36.17, a price-to-earnings-growth ratio of 1.74 and a beta of 1.08.

Mastercard (NYSE:MA) last posted its earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share for the quarter, beating the consensus estimate of $3.22 by $0.09. The company had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.34 billion. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. The business’s revenue was up 10.4% compared to the same quarter last year. During the same period last year, the company earned $2.80 earnings per share. Equities analysts expect that Mastercard Incorporated will post 14.22 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on MA. Susquehanna reiterated a “positive” rating and issued a $535.00 target price on shares of Mastercard in a report on Wednesday, April 3rd. Evercore ISI increased their price target on Mastercard from $530.00 to $545.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. Raymond James boosted their price objective on Mastercard from $452.00 to $504.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Mizuho decreased their target price on shares of Mastercard from $480.00 to $478.00 and set a “buy” rating for the company in a report on Thursday, May 2nd. Finally, William Blair restated an “outperform” rating on shares of Mastercard in a report on Wednesday, January 31st. Two research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $496.27.

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.