Western Wealth Management LLC Buys 76 Shares of Mastercard Inc (NYSE:MA)

Western Wealth Management LLC lifted its stake in Mastercard Inc (NYSE:MA) by 1.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,322 shares of the credit services provider’s stock after purchasing an additional 76 shares during the quarter. Western Wealth Management LLC’s holdings in Mastercard were worth $1,676,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of MA. Horizon Investments LLC lifted its position in Mastercard by 146.1% in the 1st quarter. Horizon Investments LLC now owns 3,957 shares of the credit services provider’s stock valued at $930,000 after acquiring an additional 2,349 shares in the last quarter. Dearborn Partners LLC lifted its position in Mastercard by 3.5% in the 2nd quarter. Dearborn Partners LLC now owns 140,223 shares of the credit services provider’s stock valued at $37,093,000 after acquiring an additional 4,762 shares in the last quarter. World Asset Management Inc lifted its position in Mastercard by 1.2% in the 2nd quarter. World Asset Management Inc now owns 61,819 shares of the credit services provider’s stock valued at $16,353,000 after acquiring an additional 755 shares in the last quarter. Brightworth lifted its position in Mastercard by 18.4% in the 2nd quarter. Brightworth now owns 3,852 shares of the credit services provider’s stock valued at $1,019,000 after acquiring an additional 599 shares in the last quarter. Finally, Asset Dedication LLC lifted its position in Mastercard by 23.1% in the 1st quarter. Asset Dedication LLC now owns 3,878 shares of the credit services provider’s stock valued at $916,000 after acquiring an additional 727 shares in the last quarter. 74.90% of the stock is currently owned by hedge funds and other institutional investors.

In other Mastercard news, major shareholder Foundation Mastercard sold 15,890 shares of the stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $272.06, for a total value of $4,323,033.40. Following the sale, the insider now directly owns 112,030,712 shares of the company’s stock, valued at approximately $30,479,075,506.72. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Lance Darrell Gordon Uggla acquired 1,500 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was purchased at an average cost of $275.71 per share, for a total transaction of $413,565.00. Following the completion of the transaction, the director now owns 3,691 shares in the company, valued at approximately $1,017,645.61. The disclosure for this purchase can be found here. Over the last three months, insiders sold 201,511 shares of company stock worth $54,471,508. Insiders own 3.70% of the company’s stock.



MA traded down $8.57 during trading hours on Friday, hitting $272.20. 2,274,388 shares of the company’s stock were exchanged, compared to its average volume of 3,827,957. Mastercard Inc has a 12-month low of $171.89 and a 12-month high of $283.33. The firm has a 50 day moving average of $275.18 and a 200 day moving average of $249.70. The firm has a market cap of $281.07 billion, a P/E ratio of 41.94, a price-to-earnings-growth ratio of 2.19 and a beta of 1.08. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 1.55.

Mastercard (NYSE:MA) last announced its earnings results on Tuesday, July 30th. The credit services provider reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.82 by $0.07. Mastercard had a net margin of 42.71% and a return on equity of 135.02%. The firm had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $4.08 billion. During the same period in the prior year, the firm earned $1.66 EPS. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. As a group, research analysts expect that Mastercard Inc will post 7.61 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th were given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date of this dividend was Monday, July 8th. Mastercard’s dividend payout ratio is presently 20.34%.

Several equities analysts recently issued reports on the company. UBS Group upped their price objective on Mastercard from $300.00 to $312.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Argus boosted their target price on shares of Mastercard to $320.00 and gave the company an “average” rating in a research note on Wednesday, July 31st. BMO Capital Markets set a $328.00 target price on shares of Mastercard and gave the company a “buy” rating in a research note on Wednesday, July 31st. Wells Fargo & Co boosted their target price on shares of Mastercard from $285.00 to $305.00 and gave the company an “outperform” rating in a research note on Wednesday, July 10th. Finally, Wedbush boosted their target price on shares of Mastercard from $261.00 to $287.00 and gave the company an “outperform” rating in a research note on Thursday, June 13th. Two research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company. Mastercard has an average rating of “Buy” and a consensus price target of $291.80.

Mastercard Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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