Western Wealth Management LLC Sells 212 Shares of Mastercard Incorporated $MA

Western Wealth Management LLC cut its holdings in Mastercard Incorporated (NYSE:MA) by 2.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,147 shares of the credit services provider’s stock after selling 212 shares during the quarter. Western Wealth Management LLC’s holdings in Mastercard were worth $5,702,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Bell Investment Advisors Inc lifted its position in shares of Mastercard by 25.1% during the 2nd quarter. Bell Investment Advisors Inc now owns 558 shares of the credit services provider’s stock valued at $314,000 after buying an additional 112 shares in the last quarter. Financial Gravity Companies Inc. purchased a new position in shares of Mastercard in the second quarter valued at approximately $412,000. Summitry LLC boosted its stake in shares of Mastercard by 0.8% in the second quarter. Summitry LLC now owns 145,235 shares of the credit services provider’s stock worth $81,613,000 after acquiring an additional 1,111 shares during the last quarter. Tortoise Investment Management LLC boosted its stake in Mastercard by 37.4% during the 2nd quarter. Tortoise Investment Management LLC now owns 125 shares of the credit services provider’s stock worth $70,000 after purchasing an additional 34 shares during the last quarter. Finally, MTM Investment Management LLC purchased a new stake in shares of Mastercard during the second quarter worth $100,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insider Transactions at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 17,263 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $591.00, for a total transaction of $10,202,433.00. Following the completion of the transaction, the chief financial officer directly owned 31,234 shares in the company, valued at $18,459,294. This represents a 35.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.09% of the stock is owned by company insiders.

Mastercard Stock Performance

Shares of MA opened at $545.31 on Friday. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16. The business’s fifty day moving average price is $568.49 and its 200 day moving average price is $569.93. Mastercard Incorporated has a 12-month low of $465.59 and a 12-month high of $601.77. The stock has a market capitalization of $489.68 billion, a PE ratio of 36.77, a price-to-earnings-growth ratio of 2.27 and a beta of 0.92.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, October 30th. The credit services provider reported $4.38 EPS for the quarter, beating analysts’ consensus estimates of $4.31 by $0.07. The company had revenue of $8.60 billion for the quarter, compared to analyst estimates of $8.53 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The company’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same period last year, the company earned $3.89 earnings per share. Equities research analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 7th. Shareholders of record on Thursday, October 9th were paid a dividend of $0.76 per share. The ex-dividend date was Thursday, October 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.6%. Mastercard’s payout ratio is currently 19.44%.

Analyst Upgrades and Downgrades

Several research firms have commented on MA. Morgan Stanley set a $665.00 price target on shares of Mastercard and gave the stock an “overweight” rating in a research note on Friday, October 31st. Truist Financial cut their price target on Mastercard from $638.00 to $630.00 and set a “buy” rating on the stock in a report on Tuesday, November 4th. KeyCorp reiterated an “overweight” rating and issued a $665.00 price objective on shares of Mastercard in a research note on Wednesday, October 22nd. Citigroup upgraded shares of Mastercard to a “strong-buy” rating in a research note on Thursday, October 23rd. Finally, Royal Bank Of Canada boosted their price target on Mastercard from $645.00 to $654.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Four investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $652.50.

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.